Renting is great! Go for it!
You can rent from a company like David's or DVC rental-store and you won't have the problem pp was talking about w canceling and horror stories. I have heard those too- and they do happen. That's why private rentals are a lil riskier. My MIL rented via Davids last fall and got what she wanted at a decent discount. However, you can get amazing deals W private rentals. We rent from a person I met on mouse owners .com I got references, googled her- the works lol she was legit. She gives us a payment plan and a contract and all.
We rented from her last fall and paid about half price for a BW studio Villa. We have young kids so it doesn't matter if they're sleeping on a pull out couch. They would sleep on the floor if it meant staying close to the WDW parks. Lol we booked BW 11 mos out to the day w a person whose home resort was BW. If their home resort is other than where you want to stay, you can book 7 mos out. Ex: you want BW but their home resort is SSR- you have to wait til 7 mos out and at BW you may not get your choice. So the key to private rentals is renting w someone legit whose home resort is your choice resort at 11 mos out.
I would recommend renting- you save so much! Value prices for deluxe villas. You can't beat it. Plus you can save even more $ off the disney direct ticket price by buying the tix off a 3rd party site like
Undercover tourist or
AAA. So even though it's a la carte, and a little more leg work; you're saving way more than you would by taking advantage of the room discount.