When we decide to become independent we have two options: looking for a rental apartment, either by sharing a room or deciding to go live with our partner or friends, among many other possibilities. In the second option we have the possibility of purchase. This will depend a lot on our personal situation and on whether we have saved a certain amount of money to give as entrance to a house or apartment and we are clear that we want to live in a specific area. If you are hesitating between renting or buying, this online tool can get you out of your doubts.
Finding a rental apartment is increasingly difficult. Although the Internet allows us to access the best apartment rental websites, the search is usually tedious, since prices are through the roof, there are many homes that are in very bad condition and need an investment even to enter to live in rent and the that are in optimal conditions are rented very quickly. To this we can add the problem of job instability suffered by some young people and that makes it impossible for them to rent a home because they cannot show long-term solvency.
On the other hand, we can be on the side of those who think that renting is a waste of money and that it is better to invest in a home . For this, the Internet also provides us with the best websites to buy our future home, but a recurring concern when making decisions as important as renting or buying a house is to question and ask ourselves what is best for us. This online tool may clear up all your doubts and make you make a firm decision.
What is Google Data Studio?
Web analytics has always been a challenge and is becoming increasingly relevant in our lives. Offering reports that support the data collected can become a complicated task both at work level and for personal issues such as the analysis of something as complex as the profitability of renting or buying a house . Thanks to the free Google Data Studio tool, we can create personalized reports and dashboards using data from different Google marketing tools and other external sources.
In other words, Google Studio Data allows us to turn our data into dashboards and reports with easy-to-read and share information while fully customizing them. Some of its advantages are that it is free, intuitive, easy to learn and that it allows us to implement different data sources .
How does it work?
You may be thinking that all this is very useful and practical, but what is the way to apply it to the question of renting or buying a home? Using the Datas Bravas tool we can enter related data such as location, type of home, price, mortgage information or expected rent if buying with the intention of renting.
Once we access the tool, the steps to follow are the following:
Enter the location information, type of home, mortgage information and expected rent if you intend to buy a home to rent.
Next, in the “Purchase” tab you will see the breakdown of the purchase costs and also the amount you will pay each month.
In the “Profitability” tab you can calculate the net profitability and see the profits that you will obtain each month if you decide to rent the house.
We can vary the data such as the years we want to dedicate to paying the mortgage or the amount financed, as well as the rental price that we want to award to future tenants if we buy a home in order to rent it. The tool estimates the data at the moment.
So, if you are looking for a rental apartment or are thinking of buying a house, this tool can clarify some doubts and help you make the decision that best suits you according to your personal situation.
