Orlando short-term rentals let home buyers take advantage of the growing short-term rental market fueled by sites like Airbnb and VRBO. Knowing where to buy a second home is the key to attracting renters all year round and getting the highest return out of your investment.
Now is the Time to Buy in Orlando
More homeowners are putting their vacation homes on the short-term rental market, signaling the future growth that can make your new home a more profitable investment.
This is especially true in Orlando, Florida, which has been ranked number one on Forbes' list of Best Places to Buy a Second Home for 2019. This is the second recognition Forbes has bestowed on “The City Beautiful” in a year. The business magazine also rated Orlando #1 on its list of Best Places to Buy a House in 2018.
Orlando’s home prices have steadily increased over time with experts predicting an increase of as much as 35 percent within the next two years.
Orlando Neighborhoods Accommodate Any Lifestyle
Orlando’s neighborhoods offer the features and amenities that appeal to a wide range of lifestyle needs. Parks and outdoor recreational areas are an essential part of Orlando living. Lake Eola Park and other destinations give residents and visitors a place to enjoy the outdoors.
Popular activities include bird-watching, boating, and annual festivals. Neighborhoods include art galleries, unique eateries, and other attractions that support the area’s growth in population.
Orlando ranks high for second home ownership because it’s also the home of world-class theme parks, including Walt Disney World and Universal Studios, which attract millions of holiday visitors every year.
How to Profit From Your Home Investment
The right timing of your home purchase is the key to making it a long-term profitable investment.
As interest rates are expected to rise, it’s even more important for home buyers to take advantage of the potential savings from today’s lower interest rates. Buying a home at a lower interest rate reduces your total cost while increasing the profits you make from renting your home to vacation and business travelers.
Orlando has a thriving economy, bringing in a steady stream of business travelers who want the privacy and comfort that a vacation rental provides. Millennials and other professionals are also making their way to Orlando as a result of its affordable cost of living, thriving job market, and appreciation in property values.
The affordable luxury homes found in Orlando make it the ideal choice for second-home buyers. Owning a second home for your family or as a short-term rental investment gives you a secure investment that supports your financial goals.
Working with a real estate professional makes it easy for you to choose the right home that attracts travel guests throughout the year. Team Donovan specializes in the sale and purchase of Orlando short-term rentals and second homes.
We work with home investors from all over the world, and can help you find the perfect holiday home. To learn more, contact us today for a free consultation at (407) 705-2616.