- Orlando holiday home

5 Ways to Save on the Bills for Your Orlando Holiday Home

Posted by Team Donovan on April 6th, 2016

Are you thinking about buying a second home in the Disney area to spend holidays with family and friends? An Orlando holiday home can be a great investment, especially when you purchase a property that’s zoned for short-term rentals. Then you can rent the home out to other vacationers when you are away. 

Buying a vacation home next to Disney means you will be responsible for expenses like taxes, insurance, utilities and maintenance fees. These bills can add up, but there are ways you can save money on the monthly expenses and put that cash back into your pocket. Here are a few examples: 

1. Lighting – When you’re renting out your holiday home, be aware that your guests may leave the lights on all the time, even when they’re busy spending the day at…

What You Need to Know to Buy a Holiday Home in Orlando – Part 1

Posted by Team Donovan on March 9th, 2016

Many people who travel to Orlando, Florida from outside the U.S., such as Canada or the U.K., enjoy their holidays so much, they decide to buy a second home here. If you want to make Central Florida your “home away from home,” there are some important points you need to know before you buy.  

1. Decide How to Pay for the Property - Many foreign buyers wind up purchasing a holiday home with cash, since financing can be difficult to obtain. If you plan to finance your purchase with a U.S. bank, expect that a minimum down payment of 30 percent will be required. A U.S. mortgage also generally requires far more paperwork than loans secured in other countries. Another advantage of raising finance outside the U.S. is that your holiday home purchase in…