Identifying New Opportunities in Real Estate Lowell MA as a Potential Tenant
Many apartment seekers who are contemplating the idea of relocating to Massachusetts target Lowell for a variety of reasons. For starters, it’s only about 30 minutes away from Boston (without the traffic).
Secondly, this city is a prominent cultural hub, much appreciated for its wide array of local landmarks- including the majestic Lowell National Historical Park, Whistler House Museum of Art, and Tsongas Center-, great offerings in terms of food and entertainment options, and reasonable prices for just about everything, including rental apartments. In this context, here are a few strategies that savvy potential tenants employ to understand the current realities of the rental market, and identify the best deals in terms of real estate lowell ma before anyone else.
Doing Research. For starters, tenants who wish to discover the most attractive rental properties in their area of choice are aware of the fact that knowledge is power. This is why they start to gather information on key aspects such as cost of living and rental rates before putting their finger on the map and choosing a rental apartment in a specific part of Lowell.
One simple online search will give them the chance to find out that the median rent per month in this city is in the $1,650 range, while the price per square foot is estimated at $103. These values could guide their apartment seeking efforts, allowing them to separate truly good deals from offers that don’t actually go below the current market price. Also, prospects can go online to analyze new market trends that would enable them to understand the evolution of key price indicators. For example, according to recent statistics, Lowell displays a consistent, year-over-year 21% increase in median sales price, and also reflects a `13% drop in the median monthly rental rates.
Adding New Filters to the Apartment Search. After learning to interpret the numbers that may help them figure out whether or not renting an apartment in Lowell would be a good choice for them, many people choose to dig a little deeper to find the housing options that best match their financial possibilities, interests and specific requirements. For instance, those who are comparing housing options in terms of location and crime rates will be pleased to find out that figures made public by the Lowell police in 2015 indicate that major crimes reported a 10% decrease citywide, compared to the numbers reported one year before. According to law enforcement representatives, this positive change could be credited to the ongoing efforts of civilian employees, crime analysis and officers.
Moreover, those looking forward to getting their kids enrolled in the best schools should know that they can choose from 23 (private and public) institutions, based on their goals, financial situation and ZIP code.
All in all, Lowell has many things to offer to newcomers, including exceptional entertainment options; plus the chance to attend exciting cultural events, improve their personal and professional life, and create new memories in a modern, decently-priced apartment for rent.
With just a few clicks, potential tenants can get all the information they need on the most desirable neighborhoods in the city, and analyze new opportunities in terms of real estate in Lowell MA, based on the sum of elements that matter to them the most.