Did you know that the Orlando housing market is one of the hottest markets in the nation? With new communities being built all over the city, Orlando has one of the best up and coming investment real estate markets in the United States!
When you’re looking for a place to purchase a vacation home, especially for first time investors, the decision of where to purchase can be a tough choice. If you want to rent out your property when you’re not vacationing yourself, you’ll want to make sure that there’s enough interest to fill your home with guests so the home isn’t vacant when you’re not there.
That’s why Central Florida is a top choice for investors. While Orlando has been know for years as a top travel destination for families, many businesses are attracted to the area too. In fact, the numbers don’t lie. According to a “Visit Orlando” survey, area tourism has doubled in the past 20 years: from 32.4 million visitors in 1995, to 66.1 million visitors in 2015 — with a 5% growth even since 2014.
Because of the steady increase in tourism, both the government and private businesses are investing a lot of money in Orlando’s future. Recently, Orlando has gained a Major League Soccer team, started a major reconstruction project expanding Interstate 4, added new public transportation options like the SunRail, and added a whole new attraction area on International Drive.
Furthermore, even theme parks in the Orlando area have been working hard to expand their attractions. Some of Disney’s expansion efforts include revamping and expanding “Downtown Disney” (now called Disney Springs), the expansion of Fantasyland in the Magic Kingdom, and added attractions to Animal Kingdom. Universal is expanding too with a new “King Kong” attraction, the expansion of the Harry Potter World, and a new waterpark coming to the area in 2017.
With so much new investment on infrastructure and entertainment, there’ll always be plenty to keep tourists coming back to Orlando for more, year after year. The bottom line to you as an Investor? Clients will be flocking back to revisit your vacation home repeatedly to see everything new the area has to offer.
Luckily for you, the real estate market is ripe for the picking. According to a forbes.com report from January 2016, Orlando is the second highest city recommended for investment properties — yet the values of Orlando homes are still less expensive for the same square footage compared to homes found in other parts of the country. Plus, there’re dozens of new construction homes emerging all over the greater Central Florida area, including many minutes away from the attractions area. Many of these communities even feature homes with six bedrooms or more!
Plus, the large home rental market is prime for the taking. As more and more tourists turn to websites like AirBnB and For Rent By Owner for their accommodation needs, there is a growing demand for homes that can house fifteen or more guests all in one place.
Viva Orlando knows that Orlando is the right place to choose for your next investment property — and we’re here to help guide you step by step through the entire buying process. With our help, you’ll find the perfect home to meet all your needs, even if you never step foot in the home until your first vacation there as a homeowner! We’re always there to answer any questions you have, and our experienced expertise will make you feel at ease throughout the entire buying process.
For more information about how we can help you purchase your next home, please contact: firstname.lastname@example.org