Consider Buying Your Own Vacation Home

Obtaining a Florida vacation home is well worth the money, especially since “The Sunshine State” will allow nearly any month of the year to be perfect vacationing weather. Time-shares and Orlando vacation home rentals are also widely available to vacationers who can’t necessarily afford to buy a vacation home, but like to travel. The minimal investment and year-round vacation season make Florida a prime location to buy vacation homes.

An ideal vacation home is located near a point of interest. A beach, large city, or otherwise popular attractions are all prime examples. orlando vacation homeThe great part about Florida is that there are so many things to take part in that getting a vacation home next to an area of interest is usually no problem at all. The coast of Florida stretches for hundreds of miles, and further inland are hundreds of popular attractions such as Disney World. This makes getting a cheap vacation home practical, since long hours of driving to a point of interest usually isn’t necessary.

Besides the great locations Florida vacation homes offer, the prices are often unbeatable. In certain parts of Florida, land can go as cheap as a couple of hundred dollars in cash for a few acres. The land isn’t always at a prime location or developed, but it is a great opportunity to build a vacation home for much cheaper than one could be bought. Time shares and rental properties also line coasts and popular areas of interest. Without a doubt, the price of getting a great vacation home by no means has to be expensive- although there are more luxurious offers for the wealthier vacationers. Oddly enough, Disney owns its own timeshares for locations near Disney World.

The great thing about buying vacation property upfront in Florida is that the resale value will almost always stay around the same margin of which it was bought. Because of the recent “Baby Boomers” generation that required many new homes to be built, hundreds of locations around the entire United States are becoming vacant as the generation deceases. This leaves an enormous amount of homes vacant, of which drives property value down. For Florida, this isn’t a problem in most locations because of the year-round interest in vacations and the demand for vacationing homes. For families looking to keep a good investment in a vacation home for the future, buying land or an Orlando Florida vacation home is one of the better choices as compared to other states.

Florida is likely to continue evolving into a popular tourist location, which makes buying a vacation home while they are available and cheap important. The resale value of the investments will most likely stay at the same margin, if not increase in the future- so a return investment can usually be expected. Lastly, those who can’t afford a vacation home will be glad to know there are many types of financing options- from Walt Disney’s timeshare locations, to rental properties. Vacation homes are more geared towards those who travel a lot, so for the sporadic traveler, this probably isn’t the best option.

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  • 3 Responses to “Consider Buying Your Own Vacation Home”

    1. Real Estate in general has always been a good investment in the United States. Having been a person who has been looking for buying income property for over a decade I finaly decided to buy in Orlando. Living in the midwest there are ample vacation style income properties available around the Great Lakes but bottom line after doing the math and seeing what the potentials were for monthly rental income Orlando could not be beat. Like the article states, Florida is popular nearly year round and Orlando alone has a steady 41,000,000 visitors a year visiting! No other place on the planet besides possible Paris or Vegas has this.

      I have owned my 3 bed condo that is 10 minutes form Disney for 3 years now and don’t have a single regret. Yes, the months of September and October tend to be slow and I have to dip a bit into my pocket but the rest of the year I either make a profit or break even. Overall, if I take into account the additional tax benefits of owning a property I can write off on taxes I have always been in the plus and have the added bonus of being a cheap flight away from a spur of the moment 3 day get-away.

      My recommendation is if you are interested in income property with little risk I would talk to an agent that specializes in Orlando short term rental properties and find yourself a less than 10 year old 3-4 bedroom property (condo , townhome or villa) that is in the newer part of Orlando. The one additional thing you will need to find is an good management company as they are your primary care takers. I can recommend mine if anyone is interested as after switching to them 2 years ago I can say that I am very happy.

      Good Shopping!
      PK

    2. Wow…thanks for the well thought out and informative comments!

    3. […] presents Consider Buying Your Own Vacation Home posted at All About Orlando, saying, “Florida remains one of the best places to invest in […]

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