Advantages of Renting Space as a Freelancer
The real estate market is a booming market that is attracted the attention of many investors because they are many potential opportunities here for everyone. Being a freelancer is a great thing that investing in real estate and rental properties can be a secondary source of income for you as you also focus on other projects you may have. You however, need to sit down and evaluate the case of owning the properties or having rental properties because there are many things you should consider before venturing.
One thing you will have to deal with when you invest in real estate is that you will have limited freedom. For you to invest in real estate, you have to get a lot of money from lenders the worst thing is that every month you will have to be paying them for the next 30 years mortgage meaning that enjoying what you are planning becomes a nightmare. You will also be limited when you want to locate your company or family to another state or location without having to undertake the selling process of your 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. Renting properties as a freelancer is very important because they give you a lot of flexibility when it comes to the movement because freelancing should be a lot of fun as you can work from anywhere, at whatever time. 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. When renting an apartment, you have the freedom to personalize it for as long as you are living here that you can set aside an office and many other things this is great flexibility as a freelancer.
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. There is also low-maintenance costs to incur when renting properties. 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. If you want to know more about rental properties over investing in real estate, there is more info you can engage on the Internet if you choose to read.