Renting Versus Owning - The Eternal Real Estate Struggle

Renting Versus Owning - The Eternal Real Estate Struggle

The current world economy is screaming for change. It is struggling under the weight of immense debt, and no matter where you turn there are people living with tough financial decisions. One of the biggest decisions people have to make is the decision between renting and owning their own home.

There are pros and cons with each side of the coin, but ultimately it comes down to whether the amount of money invested is worth it, and whether or not going into debt or staying in debt longer is worth it. Because the world real estate market is much bigger than one single location, we will use someplace central and popular as an example.

Bali villa rental is a vacation accommodation option that is growing in popularity. The island of Bali is exotic, filled to the brim with world class destinations and attractions, and is affordable even for the family on a budget. Now, consider this; you can spend the money every year renting a villa in Bali, or you can spend a larger amount of money and invest in a Bali villa as an income source. This is true for any investment property, but there are always risks involved.

The bottom line is do you make enough through Bali villa rental to still make profit while paying the mortgage on the villa? With this option you have the potential of making money renting the villa out to other vacationers, but you will also have a place of your own where you can stay when you vacation in Bali.

Sure, owning your own slice of paradise might sound like a great investment, but what happens during the off season when finding villa renters can become difficult, or what do you do during a monsoon when your villa is damaged and needs to be repaired. Those are things you need to take into account when trying to decide between Bali villa rental and Bali villa owning.

Any unsold rooms or rental dates are going to eat into your budget, because even though no one is there you still need to have staff on hand, you still need to pay for basic utility usage, and you need to pay for marketing or advertisements to get those rooms sold, even if no one bites the bait. If damage occurs, you are responsible for assessing the damage, hiring someone to repair or rebuild, and paying for the entire process. These are all costs you must absorb when owning.

Bali villa rental means that you pick your travel/accommodation dates, choose your room, go on vacation, spend time enjoying the room, do whatever makes you happy, then leave it all behindno worries about repairs, rebuilding, unused rooms, insurance, local or national government problems, supply chains, distribution, utilities, hiring staff, retaining staff, or paying for all of that! Owning a rental villa in Bali can be totally worth the price if you have the experience, money, and time to invest; but renting is a lot less hassle and way more fun.

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