Whether you’re converting your primary residence into a profit machine or turning over multiple properties, good taste may not align with your tenants or your own pocketbook. Here are a few things one should take into consideration before changing the aesthetic of a home: Aesthetic Zoning -Aesthetic zoning means a zoning in which, zoning regulations such as conformity to architectural and landscaping requirements are imposed to preserve the aesthetic features or values of an area. Using[...]
If you’ve ever been interested in owning a rental property, now may be a great time to start. Rental properties give you a chance to earn extra income, among other benefits. However, there are also several cons to renting out a home. For those who want to explore real estate investment, this article will cover the basics of owning a rental property. THE PROS There may be only a few advantages to renting out a home, but each of them carry significant weight: It can supplement your [...]
When you were a kid wishing you were an adult, owning your dream home was probably right up there with being able to eat ice cream whenever you want. Now that you’ve reached adulthood and you’ve been handed the keys, you’ve probably realized home ownership comes with a few headaches too. Home repairs are a necessary evil, and the aftermath of some could result in a noisy renovation project. Both of these scenarios come at a cost, but it doesn’t have to completely ruin your monthly budget[...]
Our friends in Canada who purchased at Lake Buena Vista Resort & Spa were kind enough to leave us a video testimonial discussing their experience. They purchased about 7 years ago and still own today! What's more we've become friends and usually see each other each year when they visit Orlando. https://youtu.be/lnvHQSfsBl4
Not sure if you need professional property management for your Orlando condo? Here's a few reasons why you might want to think twice before tackling it yourself. https://youtu.be/dw9xdDVg1WM
Considering the price of available homes in many areas of the U.S., a fixer-upper is a great way for first-time homebuyers to break into the market. If you're unsure of where to start, here are a few tips to get you ready for your first home. What You Need to Do If You Buy a Fixer-Upper Buying a Home When buying a fixer-upper, you will face a number of uncertainties. Make sure you take into account the initial investment, mortgage, insurance, and expense of repairs and renovation. This will be[...]
With a tremendous rise in Orlando's real estate market, the desire to purchase a condo has increased. The market is ideal for investors wanting to dip their toes into the area and buy an Orlando condominium. Local Realtor Fred Franks notes, "The housing market last year was strong in the Ocala housing market, but a rush of interest has appeared for condos in Orlando. Northeast buyers are eager to get their hands on these condos making Orlando's market stronger." For those considering [...]
H.R. 3700, the Housing Opportunity Through Modernization Act, was passed by the Senate. Now, it just needs President Obama's signature to become law. This legislation includes reforms to current Federal Housing Administration restrictions on condominium financing, and will help would-be buyers of Orlando condos - in particular the condo conversions which are so ''investor heavy". In some communities 90% of owners are absentee investors and this has made lending almost impossible until now. [...]
Here's a beautiful town house we just listed for a UK seller. Well looked after with lots of upgrades, it's in a new community built by Taylor Morrison just a few years ago. Already the landscaping has taken hold and the location couldn't be better. This town-home can be sold with our without a tenant, and professional property management is on hand for a would-be investor. Just call Condo Metropolis on: 407-901-5161 x10 with any questions or for a tour (or email Info@CondoMetropolis.com) [...]
The legal status of drone photography when it comes to real estate remains the subject of much controversy. In fact, several industries are currently affected with it comes to the legal status of arial video and photography, including drone photography for weddings, sporting events and the like. At the current time, any aerial photography done to advance a commercial purpose requires that the operator have a private pilots license. Such licenses are not required for "hobby" flights however, [...]