The cost of purchasing an investment property: 11 tips

Orlando is a great place to own an investment property. There are smart ways to maximize that investment.

Orlando is a great place to own an investment property. There are smart ways to maximize that investment.


ORLANDO — The cost of purchasing an investment property can go well beyond simply the price of the home itself. Anyone interested in buying a home as an investment should first consider the many factors that go into maintaining it, renting it, and keeping it viable in a competitive market.
An Flamand, the owner and broker at An Flamand-Orlando Vacation Realty, is an expert in investment sales. As is the case with first-time home buyers, An noted, there are a lot of costs associated with owning a home that need to be factored into the early decision-making process.
For example, maintaining the home in good condition is critical for both first-time buyers and investors. Both want to ensure that the property stays clean, attractive and free of problems.
Even a home that’s brand new will eventually suffer from wear and tear – everything from leaky pipes to an aging air conditioning unit. Continue reading

Can the presidential campaign impact the Orlando real estate market?

This year, voters will elect a new president and Congress. In the months before the election, though, there's a question of how the campaign will impact the housing market.

This year, voters will elect a new president and Congress. In the months before the election, though, there’s a question of how the campaign will impact the housing market.


ORLANDO — In the midst of a heated presidential campaign, Americans across all 50 states are being asked to absorb a huge number of questions facing the nation’s next commander in chief, from foreign policy to fighting terrorism to nominating Supreme Court justices and improving the economy.
That’s a lot of weighty issues to consider. But whether the nominations for president ultimately go to Donald Trump, Ted Cruz or John Kasich for the Republicans, or Hillary Clinton or Bernie Sanders for the Democrats, there’s another key issue that has been getting much less discussion on the campaign trail: How the next president could impact the real estate market.
In Central Florida, the real estate market is clearly on the upswing. The sale of homes is up, and so are prices. New developments are being built at a pace not seen since the last housing market boom in 2004-2006.
Orlando Real Estate expert An Flamand, owner and broker of An Flamand-Orlando Vacation Realty, said it’s important for all of the candidates to understand just how much the housing market’s recovery has helped the overall economy, and helped more people to become homeowners.
If, as some have predicted, the presidential candidates are Trump and Clinton, could an argument be made that one of them would be better for the long-term health of the housing market? Continue reading

Construction employment rises in 43 states, including Florida

There are a fast-growing number of new construction jobs in the Orlando area, as new residential developments are being built.

There are a fast-growing number of new construction jobs in the Orlando area, as new residential developments are being built.


ORLANDO – As the economy continues to recover, one industry in particular appears to be making a sharp comeback, and that’s the field of construction. And that’s been particularly true here in Florida, according to the nation’s top construction industry group.
According to the report released on March 25 by the Associated General Contractors of America Association, California led the nation by adding the most construction jobs last year — 53,800 altogether, a 7.6 percent jump between February 2015 and February 2016.
But Florida was close behind, adding 25,800 jobs, a 6.2 percent increase, in the past year.
The construction industry is making a rebound just as Florida’s economy appears to be becoming one of the strongest in the nation. Last week, Gov. Rick Scott announced that the Orlando area was leading the state in terms of job growth, adding 53,900 new private-sector jobs over the year in January. That was the highest number of new jobs among all Florida metro areas. The Orlando area’s unemployment rate has fallen to 4.7 percent in January, below the national average of 4.9 percent. Continue reading

Related Posts Plugin for WordPress, Blogger...