Orlando prices on the up

Well buying season is now with us, although according to recent numbers out it has already started. Prices for Orlando Metro were up in February by 2.6% and demand for new homes seems to be far outweighing the amount of listings on the market. Pending sales for March are already up 14% on Februaries numbers.

This leads to one thing and one thing only. Orlando prices on the up and prices will continue to increase.

If you are looking at purchasing a new vacation home, now is the time. Click here to view the latest communities and models.

Orlando Tourism Numbers

The official Orlando Tourism Numbers for 2016 are still a couple of months away from being published, but Florida’s numbers are out. Almost 113 million people visited Florida in 2016. That is about a 7% increase on 2015.

 

Orlando Tourism Numbers

Typically Orlando will see around 2/3’s of all Florida visitors which would represent in the region of 75 million visitors. This year however we are calling this on the more conservative side and are expecting the official number to be declared at closer to the 70 million mark. This will still represent a new record for Orlando tourism numbers and an increase in the region of 5 million year on year.

As well as the increased Orlando tourism numbers an important number for our owners is the Tourist Development Tax which generated $239.5 million in tourist tax during the 2015-2016 fiscal year (thru Sept 2016). This represents an increasing number of guests purchasing accommodation in Orlando.

All of this adds up to explain why our owners are getting around 40 weeks of paid occupancy each year, seeing excellent cash flow and still getting to enjoy their property in Orlando.

If you like the idea of purchasing a vacation home in Orlando visit our main site and discover the latest opportunities.

 

Orlando Resale Opportunities

As we have mentioned before people sell their vacation homes in Orlando for one of 3 main reasons.

  1. They are not getting the bookings

2. They are trading up or down

3. They have a change of personal situation and no longer want or need the property.

 

Orlando Resale Opportunities

One of our clients is in category 3 and having enjoyed their home and associated rental income for several years they are now selling their vacation home. And it really has it all!

Orlando vacation home for saleConservation Privacy View

40 weeks a year in bookings.

5 bedroom villa with a large downstairs master and the exact master upstairs. Fantastic, 2 master suites.

It also has a loft area and a games room

We built this home for the seller and you know if its one of our homes that it is immaculate. Take a look at the pictures of this property. WOW, know you know why everyone wants to stay here. This is a great location and a great community.

Orlando vacation home for sale

Priced at $369,990 fully furnished and with lots of bookings in place this vacation home in Calabria is a great deal

For more photos and information, view this property on our rental site.

For more information about buying this home email us and mention Calabria resale opportunity in the title

The Bears Den Club

The Bears Den Club

For golf fans, the new luxury golf community at Reunion is pretty big news. Designed in conjunction with the Golden Bear himself, Jack Nicklaus, The Bears Den Club promises to be  one of the most talked about new vacation home communities in Florida.

These luxury homes surround the 17th and 18th holes of the Tradition Golf Course at Reunion and offer owners and renters the opportunity to enjoy golf front splendor at it’s finest. Jack is even having a home constructed here. Imagine being neighbors to the Golden Bear?

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Privacy lots and vacation homes

Privacy lots – Are they worth it? Privacy is something which we all try an enjoy. It is something we all would like to have and in today’s world having the money seems to be about the only way to achieve this without living in the middle of nowhere off a dirt track.

Privacy lots in very simple terms are lots which are not overlooked by the neighbors. They could be on the waterfront, facing preserves or even on a golf course.  Privacy  lots are typically the most in demand lots after waterfront lots.

Privacy lots and vacation homes continue this trend as highly sought after pieces of real estate. The owners will get to enjoy a degree of privacy when they are using the property. They will be able to advertise their rental property as being private and not overlooked, which can mean that they will be able to charge a little more per week than the neighbor who has a back to back property where you can see your neighbors splashing around in their pool and vice versa.

Is the added cost of privacy lots really worth it?

This will depend on how you intend to personally use the property. You need to acknowledge whether or not you can justify a few thousand more dollars. Should you be planning to use the property as a pure investment property, then perhaps it will make more financial sense to buy the cheaper property. As you can see, we cannot answer this question for you.

Over the last 3o something years we have realized that waterfront lots and privacy lots always seem to be sold first. The property could be brand new or it could be a resale, these lots will carry a premium of sorts. It could be a higher sales price or it could simply be that the property sells quicker.

 

As a future owner, you need to base your decision making on three primary criteria:

  • How much money are you willing or able to spend?
  • How do you intend to use the property?
  • Which property represents the best value for money, based on the other two criteria?

 

Orlando privacy lots and waterfront lots for saleBuy a waterfront or privacy lot

Currently we have access to a limited number of waterfront AND privacy lots on a brand new community very close to Disney which has been designed specifically for the rental vacation home market and comes with a huge array of excellent amenities and facilities.

These sophisticated new vacation pool homes range from $400,000 through to $550,000.

If you are ready to buy a new vacation home in Orlando and fancy a waterfront / privacy lot in a great community, you need to CONTACT US IMMEDIATELY while we still have availability.

James Mitchell

N.B/ Remember that as a buyer our services cost you nothing, as we are paid by the seller/developer

Waterfront vacation homes

Waterfront vacation homes have always been in demand and Orlando is no different. What could be better than relaxing in your pool whilst enjoying the perfect sunset over the lake?

Just this week we have closed on this lovely waterfront home which will be on the short term rental market within a matter of weeks.

dr-horton-waterfront-home-orlando

 

 

dr-horton-waterfront-home-orlando-kitchen

 

Also over the weekend another British family decided that it was time for their very own fairytale as they purchased the following model

Orlando waterfront vacation homes

which will be constructed on this lot.

Orlando waterfront vacation homes

Just imagine starting and ending your day here!

You may ask how so many of our clients manage to buy waterfront vacation homes in Orlando and the answer is easy. When you have been in the business as long as I have, the developers know who to reach out to when these lots become available.

Guess what, they come to me first because I am in the privileged position of  always having clients, many of whom are referrals or happy owners purchasing a second or third property.

If you are seriously considering the purchase of a new vacation home in Orlando, you are more than welcome to get in contact with us. We will work harder than anyone else to find you your very own fairytale castle in the sun.

James Mitchell

N.B/ Remember that as a buyer our services cost you nothing, as we are paid by the seller/developer

 

Advantages & Disadvantages of Buying as an Individual

Advantages and Disadvantages of Buying as an Individual

Trying to decide how to purchase US real property?

Currently, long term capital gains tax rates are 15% for individuals and there is no capital gains treatment for C corporations.  Federal corporate tax rates can be as high as 35%.  What this means for the foreign buyer is a tax savings on the capital gains on the sale of the property if it is held individually as opposed to a standard corporation. However, these taxes can be avoided, and the foreign person can obtain the Federal capital gains tax rate of 15%, by creating an LLC.  LLC’s allow individuals to be taxed at their own individual tax rate, instead of being subject to the high corporate tax rates of 35%.  As a result, there is not a significant advantage in tax treatment to a foreign buyer if they own a property individually.

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Orlando airport expansion

Well, the new Orlando airport expansion or Capital Improvement Plan (CIP) as it is being called, is now underway with a total of $3.1 billion dollars in the process of being spent.

The 7 year project includes much needed enhancements to the North Terminal Complex plus new construction of the South Airport APM (Automated People Mover ) Complex and ITF (Inter-modal Terminal Facility). Funding for the $1.8 billion South Terminal Complex  Phase 1-Terminal C project will commence in early 2017.

What to expect from the expansion. (information courtesy of https://www.orlandoairports.net)

North Terminal Complex

  • Ticket lobby expansion to incorporate new technology and provide greater capacity
  • Baggage system improvements for increased efficiency
  • North Terminal cell phone waiting lot
  • Replacing Automated People Mover (APM) trains to Gates 1-59

Airside 4

  • Expanding capacity for international arrivals processing
  • Adding international gates to accommodate the industry’s largest aircraft
  • Additional central energy plant
  • Restroom renovations
  • Rooms for nursing mothers

South Airport APM Complex & Intermodal Terminal Facility

  • North Terminal Complex capacity reliever
  • Automated People Mover (APM) System from NTC
  • Accommodations for up to 4 rail systems
  • 2,400 Car Garage
  • Ground Transportation Facility
  • Remote Check-In
  • The STC and associated apron/taxiway, will encompass approximately 300 acres
  • The total building program will comprise 2.7 million square feet
  • The airside terminal will serve both international and domestic flights
  • 16-24 gates will accommodate narrow body, jumbo and super jumbo aircraft
  • Six-story 5,000 space expanded parking garage
  • Will follow the Sustainable Management Plan (SMP) for a planned LEED v4 BD +C

 

Sanford Airport Expansion

As if the planners in Central Florida are not happy with expanding MCO, Sanford International Airport is also getting an expansion of $43 million which will add a further 20% capacity for passengers.

 

Even more Orlando visitors

All of this seems to be coming just in time as Florida visitor numbers for the first Quarter of 2016 have been released and are showing a 4.8% increase on last year.

It’s still early but 2016 holds the possibility, based on the 4.8% increase, of close to 69 million visitors to Orlando this year. All of these tourists are going to need a place to stay and we foresee our owners enjoying another bumper year on the rental market

Orlando vacation home news

Orlando vacation home news.

Season is definitely upon us, as can be seen by the amount of closings currently going on. Just this last week, we have closed on three new build vacation homes.

We also closed on a resale home which we built five years ago, as the owner is upgrading to a larger vacation home. On top of all of that we wrote a contract for another of our vacation home owners who is now buying a residential property with us in Orlando.

As you can see, things are pretty hectic for us here in Orlando which is exactly how we like it. Each year we get to assist more and more national and overseas buyers in purchasing vacation homes in the Disney area. Each new property represents a new ‘Happy ever after’ chapter for both the new owners and ourselves.

Over the last 30 years or so we have helped many hundreds of families in buying vacation homes in the Disney area and all of these years later we still get a big smile on our faces when we deliver a great property which not only meet the given criteria but also hold the potential to outperform on the rental market.

We genuinely believe that being great at what we do, does not stop at selling a property, it means being around years later for our owners, so that they always have someone to call and assist. There are very few companies which have been around as long as we have and we intend to be around for a long time into the future.

If our kind of service is what you are looking for, then get in contact with us and allow us to assist in writing your very own ‘Happy ever after’ story in Orlando.

James.

Minutes from Disney

How many minutes from Disney? This is an often heard question by both prospective buyers and family renters but when put into perspective does it really matter? Most families have traveled hundreds of miles and many have traveled thousands of miles just to get to Orlando. So what gives with the final few minutes?

It seems like a legacy question from decades ago when there was only the Disney theme park, yet as new parks were opened and continue to do so, the question is still asked on a very regular basis. Nowadays, there are close to 20 major theme park attractions in the Greater Orlando area and there is absolutely no way you can be minutes from all of them … or can you?

Minutes are much like miles and kilometers in that how they are perceived is very different across different cultures. A Brit who ‘nips to the corner shop’ may walk a few hundred yards in a couple of minutes, whilst a Canadian may travel by car 30-40 miles or more in an hour. Yet when everyone arrives in Orlando we still talk in minutes.

The Golden Triangle which includes Four Corners is, and to a degree still is, the primary choice for both vacation homeowners and renters as it offers excellent access to ALL OF THE THEME PARKS within a reasonable time-frame. Vacation homes within this area also offer excellent access to international shopping and world class dining, two things which are becoming equally as important to some nationalities as the theme parks themselves.

To try and put things into perspective being 5 minutes from Disney is great, as it also means that you are either 8 minutes or 13 minutes from Epcot, depending on which side of Disney you are on. You could be 5 minutes from Legoland and 30 minutes to Disney but also further from the best shopping and dining options. You could be 2 minutes from Restaurant Row in Dr Phillips, 13 minutes from Wet n’ Wild, 26 minutes from Animal Kingdom and over an hour from Legoland. How many minutes from Disney is quite simply the wrong question nowadays.

A better question would be “which location is most central as we plan to visit locations A, B, C and D?”

Let’s face it, everyone rents a car when they come to Orlando, so the key to finding the right vacation home to buy or rent ultimately comes down to the property itself, the community amenities and ultimately the price. With 66 million visitors to Orlando in 2015, pretty much anything will get rented out one way or another for a portion of the year.

Minutes to Disney

As a potential buyer who plans to rent out your property, what you need to know is which vacation homes in which communities are going to deliver the best bang for their buck and deliver the highest possible rental incomes based on how you wish to use the property.

Having sold vacation homes in the Disney catchment area for over 30 years, we have an enormous amount of insight as to what works and what doesn’t work as well.

If you are seriously interested in purchasing a vacation home in Orlando, allow us to assist you in finding the property which is right for you and your family. Just drop us a line and we will be in touch and perhaps you will become one of our many success stories.

Email us

Orlando :: +1 407 383 1051
Europe :: +34 647 952 268