Why It’s Smart to Invest in a Vacation Home in Orlando
Posted by Team Donovan on
Thinking about buying a vacation home in Orlando?  You’re not alone. An estimated 1.13 million vacation homes were sold in the U.S. in 2014 – nearly a quarter of all residential transactions. That’s the highest number since the National Association of Realtors (NAR) began collecting data in 2003.
Why are people buying vacation homes instead of renting them? On the face of it, renting seems like it would be more cost-effective for vacationers. But buying a vacation home can be a smart investment.
Some people buying vacation homes are baby boomers who have sold their family homes for cash, and now choose to invest some of that money in a winter home in a warm climate or other future retirement destination. On the other hand, the NAR has found that half…