Usually when people mention Orlando, the first thing that comes to mind is Disney World or the other broad array of theme parks & attractions. And while these attractions do make Orlando the theme park capital of the world, they are just one of the many things about the city that make it an exciting place to live and work with a dynamic real estate market.
As part of the “sun belt” of the southern United States, Orlando’s Florida location makes it a destination for fans of mild, sunny weather, especially in the winter, when the rest of the country is covered in snow. As a result of this, Orlando, like many other Florida cities, has a seasonal “snow bird” population increase as people from all over North America “migrate” to the area for months at a time to escape their own bitter winters, whether its snowy New England or the blustery mid-west. It adds an unusual mix to the city’s demographic that is only bolstered by the tourism of vacationers from all over the globe that come to enjoy the city’s attractions. And it makes Orlando a busy place to live.
Orlando Properties For Buyers
Orlando real estate offers plenty of residential opportunities regardless of taste or requirements. There are many distinct demographics served in Orlando that are in a better position to get what they want, such as families with the wealth of amusement activities, or seasonal residents like retirees that come for the winter seasons. Because of this the full spectrum of traditional detached housing, condos, townhomes, apartments and luxury homes are all up for sale. In addition, the numerous lakes that make up the local geography also create many waterfront communities, for those that want a home with a lakeside view that can’t be matched.
Whether you’re just starting out in your career and looking for a condo in the heart of downtown, or an established, affluent success who wants to finally get that luxury home on a gorgeous estate with a perpetual summer, Orlando can meet those needs and every point in between.
Orlando Properties For Investors
Orlando real estate has a lot of investment potential. Most investors have heavily mined the traditional American cities like Los Angeles and New York, but Orlando offers distinct opportunities that separate it from the rest of the pack. Investors can go the traditional route, buying homes or condos as “safe” purchases that will appreciate with time, but in addition to this significant income can be generated from the properties themselves, and not just as residential rental units. Because of the vibrant tourism industry and a plethora of amusement attractions in the Orlando area, many families come for extended periods, and rather than stay at hotels, they use “vacation homes” as an alternative. This way, the week or month long stay isn’t confined to a cramped hotel room for an entire family at the end of the day. Many enterprising businesses have taken advantage of this tourism windfall, offering short term rentals at premium prices for families that want a more familiar, home-like experience while traveling.