Where you buy your vacation home can be one of the biggest decisions to make when purchasing a home that helps you achieve your financial goals. Florida is one of the most popular travel spots in the world, and home investors looking for the best condos to buy near Disney World know the demand is high for homes that put guests close to popular attractions.
Orlando and Miami offer a high quality of life and easy access to popular destinations. But which location is best for buying a vacation home you can enjoy and rent out to paying guests as an additional source of income?
The Growing Real Estate Market in Orlando
Investors from Asia, Latin America, Canada, and other parts of the world have been moving in on Florida properties for quite some time. Many real estate professionals are helping investors discover new opportunities in Orlando’s communities.
Orlando’s thriving real estate market allows home buyers to find luxury homes at a fraction of the costs you might see in Miami.Â
Why Home Investors are Making Their Way to OrlandoÂ
Another advantage Orlando has over Miami is that the area is home to Walt Disney World's Magic Kingdom, Universal Studios Orlando, and other theme parks, which attract tens of millions of visitors each year. This increases the demand for vacation homes that have the features and amenities today’s travelers are seeking.Â
In addition, Orlando has a larger supply of available land to build on, which reduces the overall cost of development, making Orlando vacation homes a more affordable option for home buyers.Â
The affordability of Orlando homes can increase the potential return of your investment over time. The theme park area near Orlando, which includes the cities of Kissimmee, Davenport and Clermont, has many gated communities that appeal to visitors and residents.Â
Buying Your Florida Vacation HomeÂ
With the growing number of vacation homes in the area, it’s important to consult with a real estate professional who knows which communities permit long and/or short-term rentals, and can show you what to look for in an investment property.Â
If you plan to rent your home to travelers, you’ll want to consider different floor plans and design features that appeal to the guests you want to attract to your vacation rental home. Orlando offers lower prices on homes that can offer the same quality of life and opportunities to accommodate guests making their way to the area’s attractions.Â
Team Donovan helps home investors buy and sell vacation homes in the Central Florida area. If you’re interested in learning about the best condos to buy near Disney World or any of Orlando’s growing communities, contact us at (407) 705-2616 and schedule your free consultation today.
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