There are several different types of Vacation / 2nd Homes available in today’s market place and you really should get an expert to help you sort through your options. In most cases the other home can be used as an investment property and yield not only a positive cash flow, but have a guaranteed place you can stay on vacation when needed. There is not a ‘one size fits all’ solution of what type you should get, it really depends on your needs and where you buying.
The Realty Partner PLUS Team is licensed in Florida, though we have great contacts and referrals in other states if you are interested. As a state-wide brokerage we have agents all over the state who would be happy to help you view and identify your perfect vacation home. We even have agents on the Gulf with boats to show you the view from the water. GulfWaterfrontHomes.com is another one of our sites and expertise.
Take a look at the different type of Vacation Homes we could help you purchase/invest in!
Condo Hotels is a new concept in second home ownership. Buyers purchase vacation condos at hotels. You get to use all the services and amenities when you want, and when you are not using it the hotel’s rental program will rent it out and give you a share of the revenue to offset your cost.
Your return on the investment can vary by location and hotel, and though that is an important factor you should also make sure this is a vacation spot you would like to visit.
This is an advantage purchasing single family residences to use as an AirBnB and may have struggles with zoning, neighbors, and management companies and fees.
You will find Condo Hotels in Florida cities like: Miami, Fort Lauderdale, Orlando, Naples, Fort Myers, Tampa, and Clearwater!
Fractionals & Private Residence Clubs are also a new concept, very similar to a timeshare except it is for longer periods of time (generally quarterly or monthly). You get a deeded share of a property that may be a condo or a home.
Condos are all over Florida. What many buyers, sellers and even agents don’t realize is that Florida has a separate set of CONDO LAWS that 75% of real estate have never heard of and it can kill a deal. Make sure you work with agents like the PLUS Team, who know the Condo Laws and how to use them for your advantage.
Private Residences when used for income purposes provide a unique challenge for buyers and investors who want to rent out their homes on a short-term or long-term basis. Neighborhood HOAs, city regulations, county and state regulation have ruined many plans and resulted in huge fines for owners. Don’t just buy a house and hope you can convert it to an AirBnB. Make sure you are working with reputable agents, who can help you stay clear of communities that could cost you money and fines!
If you want to explore some of your best option, give us a call at 844-435-7325 so we can help you narrow down the best options that will work for you.