While the competition is tough, investors can breathe easy knowing that demand is at an all time high for vacation rentals in Orlando and surrounding cities such as Kissimmee and Davenport. Taking a trip to Disney is expensive – resorts cost more than ever, and for the large family demographic that tends to visit the parks, it’s getting harder and harder to take these vacations at an affordable price.
That’s one of the primary reasons why vacation rentals in the Orlando area have grown in popularity. At a much lower cost than staying at a hotel, families can enjoy the luxury of a vacation with the comforts of a fully-stocked kitchen and a home to call their own for the week.
In fact, Orlando, FL was voted the fifth best U.S. destination inTripAdvisor’s 2018 Traveler’s Choice Awards!This market shows no signs of slowing down as a top tourist destination – and at such low costs, it could be the perfect place to start (or continue) your vacation rental ventures.
WHY ORLANDO IS A GREAT PLACE TO INVEST IN A VACATION RENTAL
Costs are relatively affordable for a location that boasts bookings year-round. In fact, one of the most popular places for a vacation rental, Central Florida’s Davenport, reports that you can purchase an average 4-bedroom home at just under $200,000.
But it’s more than just the affordable price of an investment that contributes to the success of Orlando-area vacation rentals. According to our data, in both high and low-seasons, guests book rentals forat least one week on average.This is great for vacation rentals, because when guests book longer stays, you need fewer total bookings to reach your income goals. And when you have fewer bookings throughout the year, your house is exposed to less wear and tear with fewer guests coming through your rental.
In addition, unlike a beach condo, the cost of running your rental is lower because Disney-area rentals are often used mainly as a place to sleep after a long day exploring the parks and attractions. Electricity costs are lower, replacing lost or ruined items is more rare, and damage is less likely.
Author:Zoraya Quesada Phone: 786-452-3770 Dated: May 20th 2019 Views: 54 About Zoraya: Hi, my name is Zoraya and I am here to help you sell your home or find a new one. I am a highly moti...
My name is Lance Whipple and I help first-time homebuyers, international investors, “active adults” and snowbirds buy and sell homes in Champions Gate, Davenport, Clermont, and Kissimmee Florida. It’s the lifestyle, weather, safety and security of the Disney area that attracted my family here after I retired from the United States Air Force as a Lieutenant Colonel. In 2011 I entered the real estate business in the Four Corners market at its economic bottom and since then I have increased my knowledge and skill by annually improving production and earning certifications and designations such as the Certified International Property Specialist (CIPS), At Home With Diversity (AHWD), Military Relocation Professional (MRP), New Home Co -Broker (NHCB) and Real Estate Digital Marketer (REDM). Over 60% of my transactions now come from referrals and I believe that speaks well for my approach and service. I truly see helping buyers and sellers with difficult decisions and likely the largest financial transaction of their lives as a worthy service. Helping my customers buy a home is a natural extension of my military service--directly related to protecting and assuring the American Dream. Read more here.
Lance Whipple - Realtor®
EXIT Realty Champions
Local Specialty: Four Corners (Davenport, Clermont & Kissimmee)
*Florida License #SL3248262 as Lance Whipple PA
Consider how many domestic animals in the United States end up alone,
"The home buying process is no walk in the park, especially this home. Lances' dedication, professionalism and hard work helped tremendously in getting us to the finish line. He followed through every step and followed up with us even after the sale. A true Realtor and highly, highly recommended! Thanks Lance "