Deciding to buy a vacation home in the Orlando area is exciting. Whether you plan to use the home for a portion of the year, rent it out all year, or you plan to become a snowbird, there are plenty of options all throughout Orlando.
Of course, some areas will be better for your vacation home than others. Figuring out what you should be looking for in a vacation home in Orlando depends on your goals. Let’s look at a few scenarios and what you should be looking for with each.
Buying an Orlando Vacation Home for Income
If your main goal with a vacation home in Orlando is to create an income, you’ll want to choose a home close to the attractions. Of course, Walt Disney World and Universal Studios are the biggest attractions and choosing a vacation home close to the theme parks will likely provide the best chance for income.
Making an income from your vacation home is all about location. Some of the best neighborhoods with great locations close to the theme parks include:
- Windsor Hills
- Indian Creek
- Hunter’s Creek
- Formosa Gardens
- Four Corners
Choosing one of these neighborhoods will give you a prime location for those seeking to rent your home and go to the theme parks.
Purchasing a Vacation Home in Orlando for Snowbirding
Those seeking to snowbird in Orlando will want to choose a community and location fitting their needs. Even if you choose to rent out your vacation home when you’re not using it, you’ll want to choose a community you love, not necessarily one that will bring you the most income.
Snowbirds tend to spend at least January, February, and March in Florida while living in a northern state for the rest of the year. Some snowbirds come down as early as Labor Day and some stay as late as Memorial Day.
The best communities in Orlando for snowbirds depends on what you want. If you want a resort-like community with plenty of amenities, Solivita or VillageWalk at Lake Nona may be the right choice. If you prefer a location close to the theme parks, there are several communities to choose from.
Some of the best snowbird communities will also be 55+ communities. Make sure you know what you’re getting into and choose a community you will live since you will likely use your Orlando vacation home for three to six months out of the year.
Buying a Vacation Home in Orlando for Occasional Vacations
Sometimes, those seeking a second home in Orlando want to use it a few times a year for vacations and rent it out the rest of the year. If this is the case, you will likely be using your Orlando vacation home to visit Walt Disney World, Universal Studios, SeaWorld Orlando, and other top attractions. It’s also possible you will want to use your vacation home during big events throughout the year.
In this scenario, you want to strike a balance between a location that works for you and one popular for tourists. You may also want to plan your time in the home during the shoulder or off-season to ensure you can maximize your income during the busiest tourist season for the year. When it comes to what you should look for in an Orlando-area vacation home, it really depends on your goals. It’s best to speak with a local real estate agent and let them know how you plan to use the home. Your agent will be able to better advise you on the right community and home to suit your needs.