Why Orlando Apartments Make Great Vacation Homes

Many people who decide to buy a vacation home in Orlando start their search by focusing on single family homes. But there is another option you should consider: apartment homes, otherwise known as condominiums. 

If you plan to purchase property near Disney World so you can rent it out to holiday travelers, a condo will generally cost less than a single family home. Generally, these apartment homes are smaller in overall area and by the number of rooms they contain, compared to a single family home. But that’s not always the case. Some condos can be as large as a home, but the beauty of these properties is that there is a lot less maintenance that you have to personally perform. 

Another option you may want to consider is a condo hotel, or “condotel,” that offers individually owned units. Contels like the Floridays Resort Orlando and Lake Buena Vista Resort are attractive because they allow holiday visitors to own a full-service vacation home while enjoying resort-style amenities like luxury spa, health and fitness center, water parks, tennis courts, fine dining, and even concierge room service. Many of these luxury vacation units include balconies which allow owners and their guests to enjoy stunning views of the Disney World fireworks every night. 

It’s important to note that not all condominiums can be used as rental properties. And even the ones that do have certain rules to follow. Some resorts may require you to follow their guidelines for interior furnishings and amenities, but the property handles the logistics for a percentage of the rent. Make sure you research all the rules before you buy. 

If you live outside of the United States, it’s wise to find a real estate agent who specializes in the sale of vacation properties in Orlando. You need someone who can help you find properties that allow short-term rentals, and someone who can provide advice on currency transfers, contractors, accountants and tax issues like FIRPTA in an easy-to-understand fashion. 

A real estate agency that specializes in vacation properties should also be able to connect you with the right property manager to look after your rental property when you are not staying in it. 

For more information about the apartment homes for sale in Orlando, contact Team Donovan at 407-705-2616. 

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