Vacation homes in Orlando put guests and residents close to popular theme parks and other attractions. Owning holiday homes in Orlando can be a smart investment for home buyers looking to take advantage of the thriving short-term rental market.
The location of your vacation home is one of the biggest factors in maximizing its lifetime value and creating a new source of income for you and your family.Â
Vacation Rental Homes Are Boosting the Local Economy
A new report from the Rosen College of Hospitality Management at the University of Central Florida highlights how the growing vacation rental market is boosting the Florida economy.Â
According to the report, renters typically spend more time and money when visiting Florida. On average, short-term renters spend around $1,000 during their stay, and some visitors can remain in Florida for as long as 30 days.
The short-term rental market supports around 115,000 jobs, and direct spending on vacation rental homes is valued at approximately $46 million per day.
The Growing Demand for Holiday Homes in Orlando
Visitors choose vacation rental homes because of the unique features and benefits a home can provide. Traditional hotel accommodations can be costly and offer fewer amenities. Â
A vacation rental can offer more space for the money. It can give guests and their families more privacy, comfort, and security.Â
Vacation rental homes offer greater value. Guests can have access to outdoor spaces, fully stocked kitchens, media rooms, and other features they can enjoy.Â
Visitors can use short-term rental homes to stay close to popular attractions while avoiding the crowds at nearby resorts and hotels.Â
Buying an Orlando Vacation Home that Attracts Visitors All Year Round
Orlando visitors use short-term rentals for vacationing, visiting family and friends, and making their way to local beaches for water activities. This has led to a growing demand for vacation homes.Â
The Orlando area has plenty of land for ongoing developments, which will further boost the short-term rental market as more people make their way to Central Florida. This also makes the area’s homes more affordable for new buyers.Â
Buying holiday homes in Orlando at an affordable price and generating a new source of income increases the return you can see on your home investment.
Team Donovan helps today’s home buyers find the perfect vacation home in Orlando and the surrounding Central Florida area. We can help you choose a home that has the floor plan, features, and location that travelers want.Â
If you’d like to learn more, contact us at (407) 705-2616 and schedule a free consultation today.
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