Reasons Why Renting is Much Better for Freelancers
One thing that is for sure is that real estate market is a very potential market to invest in especially because of the potential opportunities that are here. As a freelancer looking for a secondary source of income, owning or renting properties is always a great decision to make as you also focus on your career. You need to explore all avenues, however, before you can venture into any of the above because you need to evaluate the advantages and disadvantages it of each of them.
One thing you will have to deal with when you invest in real estate is that you will have limited freedom. For example, you will not have the freedom to enjoy the money you on through the real estate because you have a mortgage to pay to the lenders every month and therefore limiting your freedom. When you on properties, your movement is also limited because relocating your company or family becomes a nightmare without having to undertake another process to sell the properties. Things get worse here because you have also to incur the cost of maintaining the properties and many other additional costs that live view cleanliness.
Rent properties, on the other hand, is very wonderful because you will have the freedom to move anywhere you want to. As you may learn, freelancing offers you a lot of freedom to enjoy life and work from in location you want to and that is why renting properties gives you the flexibility to move around event relocating to another country.This also the flexibility to on the rental properties in the long run especially if you come to an agreement with the owner to be occasionally paying until you come to the point of owning the properties. You also have the freedom to customize the rental property especially by setting aside an office which can occupy 25% of the space.
One disadvantage of investing in real estate is that you pay taxes and insurance directly which is very expensive in the long run. On the other hand, when you rent properties, you don’t have to deal with the taxes and insurance policy directly and therefore saving you a lot of money. Unlike investing in real estate, rental properties of low maintenance cost.The renting of the property is also very beneficial because of the financial stability that comes rentals as you don’t have to deal with the lenders and mortgage every month.
You will also get to enjoy additional amenities that you don’t have to maintain or pay acquiring to construct such as swimming pool, fitness center and much more.There is more info on the advantages of rental properties that you can discover especially on the Internet.