Location, Location, Location

Another thing to consider is that people coming from out of town often won’t have their own car. A vacation rental that is too far from everything requires a car and immediately disqualifies travelers who don’t want to rent a car for their vacation.

Are there restaurants and shops nearby that make it easy to run out for necessities on foot? Is there a bus system, trains, or a subway easily accessible?

If clients do want to rent a car, is there a car rental place nearby? How about a secure location to park the car at the vacation home? This can be important for liability considerations.

If you are considering investing in the Kissimmee vacation market then you need to know the most important factor for your investment is LOCATION. The ideal location for an investment lies within the magic triangle – An area between three major roads, the I-4 motorway, the 192-highway and the 429-highway.

Within this magic triangle you should be looking for a location that is at least 15 minutes away from one of the major parks or attractions. Beyond that, you want to find a location that has easy access to one of the above major roads, has local shops and restaurants for necessities, and preferably has its own community pool or clubhouse for lazy days.

While the job outlook of an area isn’t as crucial to consider when buying a vacation home, buyers should still consider the local economy. A strong economy indicates that the property value will remain strong or go up — an important consideration when investing in real estate.

If the economy is doing poorly, buyers should take note and understand why. Perhaps natural disasters regularly hit the area or there are environmental issues preventing growth.

Regardless of the reason why, buyers need to be aware that a poor economy can signal that few people are interested in visiting the area. This means it may be hard to rent out their vacation home and turn a profit from their investment.