Orlando has proven as a great interest to a lot of people these past few years, and there is a good reason for it. This city offers a lot of great attractions, which is why people want to invest money in it or even get themselves a vacation home.
Orlando prices and real estate values have started to rise since 2017 and will probably keep on rising, this, ie, one of the reasons why a lot of people want to cash in on this opportunity. Which is why a vacation home is now a great option as an investment.
Before we tell you about the best places in Orlando you could buy yourself a vacation home, there a few things you should know before making a purchase or an investment. The first step you should do is ask around your friends or family if anyone has made such an investment in the city of Orlando and to tell you their current situation with their investment. This can help you solidify your decision.
If you are wondering whether the investment will be worth it, it all comes down to you. How bad do you want to have a vacation home in Orlando? How much are you willing to invest in it? If you are planning to re-sell after a few years, you should probably know that the prices of homes in Orlando are currently on the rise, which means that there can be a return of investment. If you plan on it.
Plan out your budget
Before you go out and buy yourself a vacation home in Orlando first, you have to settle on your budget. Put aside how much you want to spend on the house/apartment alone and then count what you have left for necessary maintenance, upgrades, renovation or bills. Going head-on with such a purchase without planning out your money first can be a dangerous move that can cost your wallet.
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Best locations to buy a vacation home
Orlando is already getting a lot of buyers, so finding the perfect location and the perfect home can be a pretty tricky task, however, if you know what you are doing, you won’t have any trouble. Obviously, the closer you want your home to be more important tourist attractions or the center of the city, the more it will cost you.
North Winter Park
This location is a pretty old neighborhood, which means that most families come from older generations. Long-time residents in neighborhoods are usually much friendlier to their neighbors and newcomers, which makes this place a great option for a new vacation home. It is also equipped with many shopping centers, restaurants to take your family to a nice dinner, and other entertainment locations.
Lake Nona has a population with at least 50,000 and is a very promising neighborhood that will probably keep rising in value in the oncoming years.
If you are looking for a more centralized location while also having access to nature, Baldwin is the right place for you. While it is near Orlando’s center, it also has access to Lake Baldwin and the nearby beautiful park.
Delaney Park has a population of almost 4,000 residents and is probably one of the best locations to live in Orlando because of its position, public schools, and the nightlife.
This is also a more highly-populated area, however, it does offer a lot of locations where you can enjoy your time, whether it’s coffee shops, restaurants, bars, or parks.