Vacation Rental Homes in Orlando, Florida (USA) Attract Global Investors
Florida’s vacation kingdom has caught the attention of more than just holiday seekers
For decades, Orlando Florida has been a magnet for those seeking family-friendly entertainment and fun in the sun. With an abundance of entertainment parks, convention and exhibition facilities and its close proximity to Florida’s famed beaches, it’s no surprise that Orlando consistently attracts record numbers of tourists and conventioneers from every corner of the globe.
Florida’s mass appeal translates into one of the most attractive investment opportunities in the world. Orlando’s world famous theme parks combined with year-round sunshine have generated an incredible demand for holiday homes and investment property. The opportunities presented by this booming market have not gone unnoticed by commercial developers and large-scale investors, but for individuals living outside of the area without knowledge of the market and without direct connections, the best investment prospects have been difficult to find. But that’s no longer the case thanks to Fine & Country, who for the first time ever is coming to Hong Kong to offer access to turnkey, revenue-generating residential property in the world’s vacation kingdom.
HOME AWAY FROM HOME
Imagine a gated resort community with attendant offering residents and guests all of the amenities of a leading hotel property. At the centre, an extraordinary 930 square metre (10,000 square foot) clubhouse that includes a huge resort-style pool complete with a lazy river and a water slide. Picture a Tiki Bar serving a tempting menu for poolside dining, and for those seeking to burn off a few extra calories, a state of the art fitness centre with all of the latest cardio and strength building equipment, volleyball courts and multi-purpose sports courts. How about a video arcade and a sundry shop to pick up a few souvenirs or vacation essentials? No need to imagine it — this place is real.
Strategically located in the Kissimmee area, this community offers convenient access to theme parks, dining, golf and shopping. Disney and Universal Studios enthusiasts will be pleased to know they’re just minutes away from the magic of the area’s best entertainment offerings. Golfers will be in their own personal paradise with more than 170 golf courses, over 20 golf academies and some of the world’s most prestigious tournaments in the greater Orlando area.
The community is comprised of multi-family townhomes with splash pools and single-family pool homes. Town homes range in size from four to five bedrooms while the pool homes offer between six and nine bedrooms — perfect for those larger groups and multi-generational travel groups. Single-family homes feature elegant exteriors enhanced by barrel tile roofs and pavers on driveways and walkways. Stainless steel appliances and granite countertops add a touch of class, and some homes even have their own game rooms and private hot tubs!
CALL IN THE EXPERTS
With demand for new investment property in Orlando now outpacing supply, choosing the right Florida holiday home can be a daunting task for buyers outside of this market. What’s needed is a thorough due diligence by a trusted partner and local expert to ensure price, quality, potential equity growth and the ability to generate high levels of rental income are in line with the region’s performance indicators. Fear not, daunted investor – your experts are here.
Fine & Country offer the largest choice of property for sale in the Central Florida area including buy-to-let property for investment, vacation homes for rental income, holiday/second homes, resale bargains, discounted properties, bank repossessions, foreclosure homes and distressed property. They also sell a wide selection of new resort developments including single-family homes, condominiums, town houses and villas with pools, the majority of which are fully approved for short-term rentals.
Fine & Country acts as your buyer’s broker, ensuring you will always get the best price. You also have the assurance of knowing that Fine & Country is covered through an insurance bond underwritten by the Florida Real Estate Commission should anything go wrong. New build properties offer investors the easiest and best investment solution with a simple purchasing process underwritten with title deed insurance, less maintenance, lower operational costs and higher rental income. Want more? How about a 10-year property warranty? Done.
Whether buying an Orlando property for self use, vacation rentals or a combination of the two, owners can relax knowing that their investment is well taken care of with trouble-free management service. Providing security and cleanliness of your Florida home at all times, the management team offers a host of services, including but not limited to:
· Security checks of all windows, doors and alarm (if present)
· Garden and pool maintenance
· Key Holding
· Checks of electrical appliances, air conditioning/heating, filters and light bulbs
· Checks of mailbox and mail forwarding, if necessary
· Paying utility bills and community fees
· Providing monthly income and expenditure statements
· 24-hour emergency phone line
· Pest control and termite protection
Fine & Country has a very successful property rental operation in Orlando that allows owners to relax in the safe knowledge that their property is being professionally managed with a keen eye on maximizing rental returns. This turnkey solution means absentee landlords can enjoy all of the benefits of revenue-generating property without any of the hassles.
STRENGTH IN NUMBERS
For new build townhomes, prices start at US$230,000 (approximately HK$1.8 million) while detached homes with private swimming pools start at US$350,000 (approximately HK$2.7 million). The example below shows the projected financials for a 7-bedroom, 6-bathroom home.
Home loans for qualifying non-residents are available for up to 70% of the purchase price for a maximum term of 30 years with no age limit and no penalties for early repayment. Costs associated with the purchase of a new home in Florida are among the lowest in the world at approximately 2.5% for cash buyers and approximately 4.5% for those with a mortgage.
Although not required to travel to Florida before making a purchase, investors are invited to view a selection of homes first hand with accommodations arranged by Fine & Country in a home similar to the property they are considering to purchase. For those who do not visit Orlando, Fine & Country will oversee every aspect of the process up to and including the final walk-through and providing the furnishings package.
Fully refundable reservation deposits are approximately US$5,000 (HK$39,000) and the entire process from home selection to completion typically takes around 5-6 months.
MEET THE TEAM IN HONG KONG
Representatives from Fine & Country will be in Hong Kong from 3-6 June 2017. To schedule a meeting over the weekend at SMART Expo or a more private discussion at the Grand Hyatt on Monday or Tuesday, please email us at firstname.lastname@example.org and we will arrange.