While the competition is tough, investors can breathe easy knowing that demand is at an all time high for vacation rentals in Orlando and surrounding cities such as Kissimmee and Davenport. Taking a trip to Disney is expensive – resorts cost more than ever, and for the large family demographic that tends to visit the parks, it’s getting harder and harder to take these vacations at an affordable price.
That’s one of the primary reasons why vacation rentals in the Orlando area have grown in popularity. At a much lower cost than staying at a hotel, families can enjoy the luxury of a vacation with the comforts of a fully-stocked kitchen and a home to call their own for the week.
In fact, Orlando, FL was voted the fifth best U.S. destination inTripAdvisor’s 2018 Traveler’s Choice Awards!This market shows no signs of slowing down as a top tourist destination – and at such low costs, it could be the perfect place to start (or continue) your vacation rental ventures.
WHY ORLANDO IS A GREAT PLACE TO INVEST IN A VACATION RENTAL
Costs are relatively affordable for a location that boasts bookings year-round. In fact, one of the most popular places for a vacation rental, Central Florida’s Davenport, reports that you can purchase an average 4-bedroom home at just under $200,000.
But it’s more than just the affordable price of an investment that contributes to the success of Orlando-area vacation rentals. According to our data, in both high and low-seasons, guests book rentals forat least one week on average.This is great for vacation rentals, because when guests book longer stays, you need fewer total bookings to reach your income goals. And when you have fewer bookings throughout the year, your house is exposed to less wear and tear with fewer guests coming through your rental.
In addition, unlike a beach condo, the cost of running your rental is lower because Disney-area rentals are often used mainly as a place to sleep after a long day exploring the parks and attractions. Electricity costs are lower, replacing lost or ruined items is more rare, and damage is less likely.
Author:Zoraya Quesada Phone: 786-452-3770 Dated: May 20th 2019 Views: 111 About Zoraya: Hi, my name is Zoraya and I am here to help you sell your home or find a new one. I am a highly moti...
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EXIT Realty Champions', Champions Gate Real Estate Office, by Reunion Resort Orlando, is a full service Real Estate Brokerage Office in Champions Gate, Davenport 33896, next to Reunion Resort in 34747. Search for homes for sale with our Realtors, local experts in Champions Gate, Reunion Resort, Kissimmee and Davenport FL. This being the main area for resort vacation homes that can be rented out to meet the Disney World Orlando>, Universal Studios and other theme park market.
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