Buying a Vacation Home in Orlando, Florida.
Since the rise in popularity of sites like AirBnB and VRBO and the additional feature of being able to book a home on sites like Expedia the vacation home market near the theme parks in Orlando, Kissimmee, Championsgate, Reunion, Four Corners and Davenport has exploded.
This explosion has resulted in national builders developing new vacation home resort communities and competing with each other as to who can offer the best on site amenities. Home buyers can benefit from the purchasing incentives national builders are able to offer their customers as well as the wonderful benefit of having a pristine new vacation home to enjoy and offer for rent.
There has always been a vacation home market near Walt Disney World Resort. Polk and Osceola Counties permit short term rentals near the theme parks which allow owners to obtain a business license and a tourism tax license for their homes and rent it out nightly.
The established resort communities can be a great source of "good deals" for home buyers. Quite often these homes are sold fully furnished and with future bookings in place if the same management company the seller had hired is hired by the new owner.
A few points to remember when buying a vacation home in Florida:
Make sure to buy a home in a community that allows short term rentals. Even if a community is close to Disney it may not allow short term rentals.
The management and booking agency that you work with will have a huge impact on the success of your vacation home. There are many companies to choose from and it's best to research multiple companies before making a decision. I am happy to recommend a few to start with that I know home owners have had success with.
Another point regarding management companies and bookings is that owner generated bookings generally have reduced fees from the agency. So owners who are proactive in marketing their own property can have higher occupancy rates with less fees.
Furnishings and photos of your home are vital to the success of your bookings. Online customers will make a decision within a few clicks so it's important to make a great impression by using a professional designer and professional photographer.
Vacation homes are best suited to owners who plan to use the property themselves as well as rent the home out when they are not using it. These types of properties are ideal for snowbirds who winter in Florida or families who enjoy visiting Disney regularly, golf enthusiasts, or for anyone who subscribes to a number of the other reasons people love to visit Florida. Returns on vacation homes can vary with one big factor being how often and at what times of year the owner uses the property for themselves. Vacation homes can pay for themselves and provide their owners with a wonderful self-sustaining second home.