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Condo - Hotel Orlando, Why Purchase?
By Doug Lasley
Why purchase a condo hotel in Orlando?
Condo hotels have quickly become one of the hottest commodities in real estate. As more and more people realize the investment potential of these units, the demand for these properties continues to grow. While the majority of buyers are focused on the investment opportunity a condo hotel offers, many are quickly realizing the extra benefit of the hassle free ownership of a luxury unit in one of the top vacation destinations in the world. This ability to use a condo hotel as a vacation home is almost as important as the investment diversification that these properties offer.
With such a high demand for these properties, the condominium hotel market continues to see most new properties sell out in the pre-construction phase. In fact, because of the tremendous demand, a large percentage of these properties are taking reservations for the purchase of 100% of their units well before they have even broken ground on the new construction. It is the real estate investors that are getting in earlywho are able to purchase at a lower price point, secure many of the best units, and are realizing amazing initial appreciation on their condo hotel investments.
If you plan on utilizing a condo hotel unit as not only an investment opportunity, but also as a vacation home, you will not find a better type of property, or a better location then Orlando. A condo hotel provides a first class vacation accommodation in a high demand location. Plus, when you are not using your unit, someone else takes care of the renting, managing and maintenance. Truly the definition of a hassle free opportunity!
The Condo Hotel Advantage…
* Your own luxury vacation accommodation that you and your family can use at any time located in the vacation capital of the world.
* Generate rental income from your unit when you are not using it.
* Purchasing now allows you to get in at a lower price before the popularity of these units cause the influx of new investors to drive up prices.
* Acting now also provides an opportunity for higher gains with a real estate investment that will diversify your portfolio. Condo hotels historically offer better returns then traditional real estate investments(2nd homes, commercial buildings, etc.) while allowing the owner to actually use and enjoy the property for themselves.
* Hassle free opportunity! Someone else takes care of the renting, managing and maintenance of your unit.
The Orlando Advantage…
* Orlando is one of the hottest housing markets not only in Florida, but in the entire world. The demand for homes is so great that it currently has close to a zero inventory of newly built vacation condos/homes.
* Orlando property continues to be undervalued by 30% when compared to other major city markets in the United States.
* The average hotel occupancy rate for Orlando is 78.9% (March ’03 thru March ’04).
* The average real estate appreciation rate for 2004-05 was 27% (with the short term vacation rental market being higher).
* Orlando sees 40 to 55 million visitors each year.
…more advantages of why you should buy in Orlando!
Yet every condo hotel does not offer the same investment potential. As this new market continues to gain popularity, it takes a seasoned eye to identify which properties offer the best opportunity for financial gain. The Buy Vacation Condos team will combine their considerable experience in this new market with their knowledge of the Orlando area to help you locate a property that not only fits your price range, but also offers the amenities you desire. They will work closely with each client to help them achieve their financial goals, by searching for the best possible investment opportunities with the least amount of risk. At Buy Vacation Condos, we don’t just sell property; we help our clients build a diversified real estate portfolio with the ultimate goal of financial independence.
We encourage you to take a moment to review some of the condo hotels investment opportunities currently available below, or contact us to personally discuss this exciting new real estate investment opportunity.
There has never been a better time to participate in the Orlando short-term vacation market. We are here to help you answer those questions and advise you along the way.
"Fortune Favors the Bold" Virgil Roman (70BC -19BC)
Doug Lasley (Real estate Broker-Associate)
info@BuyVacationCondos.com
http://www.BuyVacationCondos.com
Article Source: http://EzineArticles.com/?expert=Doug_Lasley
http://EzineArticles.com/?Condo---Hotel-Orlando,-Why-Purchase?&id=111611
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