Real Estate Information | Page #12

Real Estate Information

The July Team Donovan community reports have now been updated and are available from the following link:

                                                                               Community Reports

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Owning a vacation rental property gives you an enjoyable second home while creating additional income when you rent it to travel guests. The Kissimmee villas for sale give home buyers a chance to take advantage of these benefits.

The right insurance protects you and your investment in the long run while securing the value of your vacation home.

Vacation Rental Insurance Needs

An insurance policy protects your rental home from common risks including:

  • Property damage
  • Vacancy periods
  • Lack of emergency resources
  • Injuries to guests 

In addition to the wear and tear that can occur in a rental home, careless guests may damage your home’s structure, plumbing, and furnishings.

Extended vacancy periods put your home at risk in…

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May 'markers' From The Resort Area...   The resort area market saw 424 homes change ownership during May which was a rise of 5.7% on the 401 closed total of May 2017 and 79 homes higher than the 345 sales completed last month. The pipeline number of homes under offer/contract awaiting closure stood at 638 which was down 8% from levels a year ago. Total inventory is down by 52.3% from one year ago with the 1,180 homes listed for sale, compared to 1,794 listings in May last year. The average days on market that a home takes to sell was down 1 day from a year ago at 130 and was 2 days lower than the 132 day total of last month.  The average percentage price achieved of a sold home when compared to list price was unchanged from 12 months ago at 97.4%.…

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Where you buy your home is just as important as its design, features, and cost. But home buyers often overlook the chance to get a higher return on their investment when choosing a location. 

Vacation rental homes are growing in popularity thanks to rental services like Airbnb and HomeAway, which have made traveling more affordable than hotels stays for families and large groups. 

A growing real estate market gives buyers an opportunity to secure the perfect location that draws more renters (and higher rates) than other rental properties. 

Davenport vacation homes give residents and guests a convenient location surrounded by the Central Florida attractions that continue to fuel tourism and lead to greater revenue from your vacation home. 

…

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April 'announcement' From The Resort Area...   A resort area home has seen median price appreciation of 9.8% over the past 12 months from $187,819 in April 2017 to $206,286 latest figures conclude. The April 2018 activity report also detailed that the number of days a home takes to sell was unchanged from a year ago at 132 whilst the average price achieved against listing price was up slightly at 97.4% from 97.2%. Homes under contract awaiting closure totaled 698 which compared to 616 last month and 703 one year ago. Homes withdrawn from the market during the month was 85 which is 56 less than the April 2017 withdrawn total of 141. The total number of homes changing hands was 6.4% higher than last month at 345 and 1.7% higher than the 339 closings…

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The April Team Donovan community reports have now been updated and are available from the following link:

                                                                                Community Reports

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Finding the perfect Orlando vacation rental home is the first step in creating lasting revenue from your investment.

How you furnish your rental home makes a big impact on its appeal to prospective renters as well as the level of comfort it provides. 

The Right Furniture for the Right Space 

Choosing the right furniture comes from knowing what guests are looking for. Comfort is the first thing to consider when getting started. 

A comfortable stay leads to a greater level of satisfaction. For short-term rental homeowners, this leads to positive online reviews, a consistent flow of renters, and repeat visits. 

The following are the essential items you’ll need: 

  • Beds and accessories
  • Dining room table and chairs
  • Coffee table
  • …

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February 'factoids' From The Resort Area...

Total sales of 294 across the resort communities during February were 9.8% up from the January 288 total and 8% higher than the February 2017 total of 272. The number of homes under contract awaiting closure stood at 542 which was 12.5% down from the 610 total on the corresponding month last year. Homes that sold achieved on average of 97.25%, of the asking price which was unchanged from last year, but took 1 day less to sell than a year ago at an average 133 days. The markets median price was up 10.6% from last years $184,363 at $204,025. The number of homes withdrawn from the market having failed to sell whilst listed was 97 while inventory levels overall continued to decline. Total inventory stood at 1310…

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Orlando vacation rental homes and their unique amenities have fueled the growth of the local short-term rental industry. Online rental platforms like VRBO and Airbnb let homeowners market their properties to a larger audience. 

Many cities like Orlando have seen an increase in the number of vacation rental homes. As a result, they’ve implemented regulations that home buyers need to be aware of before investing in a short-term rental property. 

Knowing what type of vacation home you can buy in Orange County helps you choose the right property and get the greatest return on your investment. 

The Growing Orlando Short-Term Rental Market

Orlando, the county seat of Orange County, has regulations in place that direct how rental properties…

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The February Team Donovan community reports have now been updated and are available from the following link:

                                                                                Community Reports

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