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 operate. Vacation rental homes are considered to be “short-term” when the rental periods are 30 days or less.
Orlando allows short-term rentals in certain situations and zoning districts. These include hotels and motels, commercial units, and bed-and-breakfast settings.
Single-family homes aren’t available to rent in Orange County, as short-term rentals are limited to townhome and condominium communities.
Tourists who travel to Orlando look for rental homes that put them close to Disney World and other local attractions. So choosing the right vacation home is the first step in succeeding as a short-term rental homeowner.
What Short-Term Rental Home Buyers Need to Know
The popularity of short-term rentals is forcing Orlando and other cities to find ways to support homeowners and renters. But they also need to keep the interests of their surrounding communities in mind.
Local governments are unable to amend the rules related to short-term rentals, and the majority of residential zoning districts don’t allow them.
Also, homeowners associations (HOA) may restrict your ability to own a short-term rental property. Home buyers should ask about existing rules before moving forward in the buying process.
Buying a Vacation Home in Orange County
Orange County short-term rentals are generally located in the attractions area. But new changes to local rules may make it easier for a greater number of properties to be used as vacation rentals.
A new ordinance was approved by Orlando commissioners in February, 2018 to allow bed-and-breakfast-style rentals in residential districts. The new rule requires the property’s owner to be living in the home while it’s being rented, and it allows for rental periods of less than 30 days.
The ordinance reflects the city’s goal of giving homeowners greater flexibility in renting their properties to guests while protecting their communities.
But home buyers must still consider HOA rules regarding short-term rentals. So you need to have a full understanding of any restrictions you might face, even after the new ordinance goes into effect.
Orange County government officials will continue to explore possible ways to address the growing short-term rental market.
Orlando vacation rental homes are the perfect choice for today’s vacation and business travelers. They put visitors close to the area’s most popular attractions and give homeowners a chance to generate more revenue from their properties.
Knowing what type of vacation home to buy in Orange County, and complying with local regulations will get you started in finding the perfect home that you and your future guests can enjoy.
Team Donovan has been selling homes in Central Florida for more than a decade, specializing in the attractions area. We can help you find the right home for your needs, whether you're looking for a primary residence, second home or investment property. Contact us today at 407-705-2616 for more information.
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