What are the top 11.5 criteria for selecting an investment property in Orlando?
1. Make sure units are over 1800 square feet.
This will ensure that your clients can move within the villa and have that spacious feeling during their Orlando vacation. When large families feel crowded, vacation enjoyment suffers.
2. Make sure the cost per square foot is close to $ 140.
This will ensure that you get a current market cost at a value that is of great value in the Orlando FL market as of June 2005.
3. Make sure you offer flexibility in the floor plan.
Some investments offer locked rooms that are individual rooms for the business traveler looking for a place to stay, but also offering luxurious resort amenities. This also makes it better for you when using your unit. The lock allows you to use only what you need while renting the rest.
The lockout also attracts the rental market, as there is demand for four- and five-bedroom units. These units are ideal for a group of golfers or for families traveling together. Your rental property can accommodate these larger groups when we rent the entire unit. This gives you an edge in the rental market.
4. Make sure locks have central air conditioning and a kitchen.
You don’t want a room without television and air conditioning. Both are important to the business traveler and the individual traveler and are important to the real estate investor.
5. If possible, look for the sale-after-lease program instead of the standard real estate investment option.
This ensures that your real estate investment is rented for the full 52 weeks, ensuring constant cash flow every month. This also provides approximately a 10% return and you, as an investor, can operate your Orlando real estate investment on a turnkey basis with very little effort required to manage the complex. Every facet of property management and marketing is handled by the sale and leaseback method.
6. Make sure your Orlando real estate investment provides a high-quality clubhouse with amenities.
The minimum amenities at the family resorts in the Orlando, FL market are gym, game room, restaurants, food court, bars, nursery, movie theater.
7. Make sure your Orlando real estate investment provides a water park and children’s pool with amenities:
Lazy river, waterslides, cabanas, tiki bars, kiddy pools, adult pools, kiddy water park and playground and at least 10,000 square feet of deck space. This ensures that family vacations are a true experience and keeps everyone entertained while at the resort.
8. Make sure that if you exercise while on vacation, your real estate investment also has the following:
Basketball courts, tennis courts and jogging trails.
9. Make sure you can stay in your Orlando property investment at low cost.
This will ensure that you and your family can come to Orlando and experience the joys of a family vacation.
10. Make sure the property has 24 hour on-site management.
This will ensure that if there are any safety, cleaning or maintenance issues, they can be resolved immediately.
11 ½. Make sure the property is no more than 10 miles from Disney.
This will ensure that you are close enough that it doesn’t take long to get there, but far enough away to avoid all the heavy traffic and high prices at Disney properties.
If your Orlando real estate investment has the following, you can feel comfortable having a great investment.