A vacation home is a residential property, other than the owner's primary residence, and is used primarily for recreational purposes, including vacations or holidays.

Because it provides more privacy, keeps the family closer together while traveling and is a way to save on lodging and food expenses, many people have chosen to rent vacation homes in Orlando instead of staying in hotels.

The search has become so great that today this is a market that generates $27 billion a year for Florida's public coffers.

With such strong power in the economy, the Orlando vacation home market has become an excellent investment option also for foreigners who want to diversify their assets and have dollar income.

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Step one to buy a vacation home in Orlando.

When thinking about buying a home in Florida, people always have questions about the first steps to take.

But when talking specifically about vacation homes, one of those steps is defining the purpose your investment will serve based on what you expect from it.

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We usually say that the best investment in vacation home in Orlando is the one that fits in your pocket and meets all your expectations.

Expectations may just be to have a home close to Disney for you and your family to enjoy the holidays.

Have a vacation home, use whenever you are in town, rent for season when you are not occupying and part of the income help in fixed costs of the property.

Or invest in a property in Orlando with a focus on making it a successful business that not only pays all the bills but also generates dollar profit.

Once expectations are aligned, the next step is to understand how the vacation rental market works.

And once you understand the mathematics of this business, you can define what is the best investment for you.

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Small house or big house in Orlando - Which is more cost effective?

Townhouses are considered small vacation homes that have a maximum of 5 bedrooms.

When we think of large vacation homes that have up to 15 bedrooms, these home models are the single family homes.

And it is exactly in the difference in size, the key to understanding the profitability of this business.

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The difference is in the amount of people you can host per night.

First understand that some costs like pool cleaning and community vary very little between a small property and a large property in Orlando.

The biggest difference in the fixed cost between them is the water bill, energy and property tax, which in large houses cost more expensive, but you can easily dilute the value of housing.

Second, since you get to host more people in the bigger houses, you get to charge a higher price for the daily rate.

That is, the houses that give greater profitability are those with the largest number of bedrooms, because the fixed costs differ little and you have a higher return on houses with more bedrooms because you can charge more for the daily rates.

Another important thing to note is that currently, over 70% of the homes available for short term rental in Orlando are 5 to 6 bedroom homes.

When buying a smaller home, you still need to deal with a lot of competition.

This explanation about profitability ties directly into the alignment of expectations we talked about at the beginning of this article.

If your expectation is to have a vacation home, rent for season when you are not using it, you can invest in a smaller home.

But if your expectation is to invest in a property in Orlando with a focus on turning it into a business, an excellent option is larger homes.

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What can make your vacation home more profitable?

Buying a property based on current market mathematics is not what will make your vacation home have the occupancy rates needed to generate the income you seek.

We have separated here 4 points that you need to consider in your business planning when investing in a vacation home with the focus on profitability.

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Decoration

The interior design work done on your home after purchase is one of the main points analyzed by those looking for a vacation home to rent in Orlando.

The people who are renting your home, they make decisions based on the pictures.

And the decor will make them decide if your property is really comfortable, safe, practical and charming as they seek.

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Administrator

There are numerous companies that specialize in managing vacation homes, they are called property management.

These companies are responsible for renting out your property, organizing the cleaning, taking care of the guest reception, checking in and out, paying all bills, reporting extra expenses, performing maintenance, issuing occupancy reports and passing on to you the profits from the property.

Looking for a reliable company that gives you security makes all the difference when investing in the Orlando vacation homes market, because you can return to your country of residence with the certainty that your business will be well managed.

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Use person

You have a beautiful home in Orlando and you can use it however you want, but you need to think carefully about the use.

Be careful not to concentrate your stay or the loan of the house to friends and relatives in high season periods.

If you stop billing at the time when there is a high demand, it will directly impact the income you can get from the house.

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Structure of the community

Tourists who travel to Orlando usually visit the city more than once a year or at least once a year every year.

When they already know the city, have enjoyed the parks or simply do not want to spend their time in tourist activities, they look for rest and entertainment in the very community where they are staying.

Therefore, the leisure infrastructure of the community of your vacation home is also a great differential in attracting guests and consequently in the dollar profit you can get.

But BEWARE!

If community offers an excellent structure and the guests who have stayed at your home want to return, they will opt for the place they already know and like.

If the decoration of your house is bad or some problem happened that the administrator did not know how to solve, the guest will return to the same community, because he liked the leisure structure, but does not choose your house.

But if your house is well decorated, everything went well during the stay and the community offers a structure that pleases, the guest will come back, will stay in your house and will recommend it to those he knows.

So, it's important you have that set of items to make your home really profitable.

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We invite you to watch the video "vacation home IN ORLANDO - How to have a LUCRATIVE INVESTMENT (earn in dollars) [#5]"

Watch it on YouTube by clicking here: https://youtu.be/kq-9sHnT-sA

Get to know the YouTube channel: https://is.gd/canalnoyoutubedaselecta

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