According the National Association of Realtors, sales of second homes went up 10% from 2011 to 2012. If you’re in the market for a second home it is important to look at all your options. One of the fastest growing markets in the Orlando area is vacation homes. If you’re in the market for a vacation home, here are some of the many advantages of purchasing a vacation home in Central Florida.
With Orlando’s central location you will have easy access to everything the area has to offer. Known for being home to Disney and other famous theme parks, such as Islands of Adventure and Universal Studios, visitors can always find something to do. Only a short drive away you can visit the beautiful beaches of Daytona, New Smyrna and Cocoa. For a unique experience and a day of fun visit nearby Gatorland or Legoland! For shopping experiences like no other, visit the many outlets, restaurants, and malls in the area.
Vacation homes offer resort living with a premier experience! Many vacation home communities have luxury amenities including resort-style pools, golf courses, sports courts and lively community centers. For children, some communities offer splash pools, playgrounds and nearby parks to explore. For your convenience and safety many vacation homes include many other amenities and are situated in gated communities with security on hand.
Potential for Extra Revenue
With owning a vacation home you have the option to rent the property out to guests when you’re not using it. This can build extra revenue and can help finance the property. With Orlando’s high demand during the summer it can be simple to make a profit. It’s important to note that if your renters cause damage to your property you are responsible for the repairs. Be sure you have trustworthy renters and good insurance. Depending on how often you rent out the property, you can claim tax breaks that make your vacation home rental more affordable.
To further discuss your options for purchasing a vacation home visit LennarOrlandoFL.com for more information.