Can climate change be a good thing? It depends on who you ask. When it comes to property values, hurricanes and flooding can negatively impact homeowners living in high-risk areas.
But they can also create a demand for homes in areas that don’t face the same risks. Waterfront properties may no longer be as attractive to homebuyers who want to get the most out of their investments.
Orlando holiday homes are becoming more appealing. Knowing the potential benefit that climate change may have on Orlando and surrounding homes can help you take advantage of new home investment opportunities.
The Growing Risk to Coastal Homes
The value of real estate properties can change in response to many factors. The changing weather patterns in some parts of the world are making homeowners think twice about where they choose to live.
In the last few years, the U.S. has faced numerous hurricanes that have raised awareness about the impacts that climate change can have. Other threats that climate change can present to homeowners include water shortages and rising sea levels.
How Climate Change Affects Coastal Areas and Real Estate
In addition to the loss of property values, higher insurance premiums can make owning a home in a high-risk area even more costly and less appealing to home investors.
Climate change can force residents to move out of high-risk areas. This can increase property taxes for residents who remain and have to make up the cost of supporting the area’s infrastructure.
Florida coastal areas are facing a shortage of land high enough to protect residents from flooding. As a result, homebuyers are setting their sights on safer areas like Orlando.
Orlando Holiday Homes Can Keep You and Your Investment Safe from Climate Change
The growing concern over climate change and its effects on the state’s coastal areas has increased the demand for homes in Orlando and the surrounding Central Florida area. This creates an opportunity for home investors who want to purchase luxury vacation homes that attract travel renters making their way to the area’s attractions.
Even as climate change and severe weather patterns are decreasing the value and appeal of waterfront properties, Orlando holiday homes can experience a rise in their value over time. Orlando is well-positioned to see a growing demand from home buyers who prefer the safety of living in the state’s inland areas.
Today’s savvy investors are looking to Orlando and areas near Disney World to buy vacation homes that offer the amenities and security they need to get a higher return on their investment over time.
Team Donovan can help you find affordable Orlando holiday homes that meet your needs and appeal to short-term rental guests. We can help you determine the best location for your home investment while helping you take advantage of the growing investment opportunity in Orlando. For more information, contact us at (407) 705-2616 and schedule your free consultation today.