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Get the best deal

I’ve been living in my apartment since August, and it’s getting to be (or has already been) that time when you’re supposed to renew your lease or find another place. Since I’ve been pretty satisfied, I decided I would renew my lease for next year.

Andy and Ryan, two of my roommates, were a little less sure; they both wanted to move closer to campus. Ryan ended up finding another place, but Andy is more likely to stay with me next year. (My other roommate will be graduating and moving out, I think.)

Last year, we signed early and got punished for it because the rates plummeted later. Our rate is $449 per month, but if we had waited a few months, it could have been $299. I was gambling that the same thing would happen this year, so I decided to hold out for the best deal possible. A few months ago, I could have renewed with a rate of $348 and gotten a Visa gift card that would essentially drop the rate to $299. But it wasn’t really $299, so I decided to wait some more.

The incentive program ended, the rate didn’t go down, and the renewal deadline (for keeping your same apartment) was drawing near. What could we do to get the best deal? I decided that we should bargain.

A couple of weeks ago, there was a pool-party-slash-barbecue to promote renewals. Uniformed representatives were going around, asking people if they were going to renew their leases. One guy asked Andy and me what it would take for us to renew. I mentioned a comparable place I had heard of that was within walking distance to campus and was $290 per month, so that would be the price to beat. I also thought it would be nice to get new kitchen appliances for free. He made a note of it.

Last week, the rate still hadn’t fallen, but they started another incentive program, giving out Visa gift cards that would essentially lower the rate to $330. Even if we couldn’t strike a bargain, I thought, it would be a good deal.

On Tuesday, Andy and I went to the office and talked to a manager about possibly negotiating a more favorable price. She refused, saying it was against their policy. So much for that idea.

Right after that, I renewed my lease to take advantage of the Visa gift card deal. $330 is pretty reasonable.

No matter what they end up doing, Andy’s and Ryan’s current leases expire in August, and they’ll pretty much be spending the summer at their respective homes. Our other roommate’s lease runs out very soon, I think, and he (and his girlfriend who’s shacked up with him) will be moving out.

That should leave me with the whole place to myself for a few months as I take summer classes. I’m not really sure how I feel about that. I’m not depressed by it, but I’m just kind of concerned about being bored. Any ideas on how to not be bored?

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