When it comes to investing in real estate, whether as a personal residence or a part of a portfolio, there are two important factors: timing and location. If you are in the market for a personal residence, a vacation home, or investing in real estate the timing may never be better and there may be no better location in the U.S. than the Horizon West area of central Florida.
Timing – Since the real estate bubble of 2007 burst in 2008 the real estate market has been on a roller coaster ride. We have, at last, hit a period of reasonable stability. Many of the excess properties that made up the vast short sale and foreclosure market are gone and home prices have rebounded by returning to a smaller and more sustainable rate of annual growth. When it comes to existing homes that has been a real boon to sellers of existing properties. Inventories are generally low and there is generally a lot of pent up demand for housing.
Though the prospects are good for increases in interest rates for mortgages in the near future, certainly by the first part of 2016, they remain at near historic lows currently. Even a moderate increase in interest rates will result in what previously would have been seen as very low, so prospects for excellent mortgages look positive for at least the near term.
Opportunities for excellent buys, however, abound in the new construction market. In some locations competition among developer/builders is fierce resulting in restrained prices and special offers for upgrades, closing cost assistance and more. The combination of opportunities makes today one of the best times ever to invest in real estate.
Location – Whether you are investing in real estate as a personal resident, for short term income, or for long term capital gains location is always a prime consideration. Currently there is probably no better location in the U.S. than the Horizon West overlay found in the Four Corners area of central Florida. Four Corners is located in central Florida near Orlando where Orange, Osceola, Lake, and Polk Counties abut each other. Those four counties came together and formed a commission to oversee planning for what would ultimately become the largest earth-moving and construction areas in America named Horizon West. Horizon West forms a massive semi-circle from the northeast side of the Walt Disney World Resort to the Kissimmee Loop.
As you travel I-4 US 27, SR 429, SR 192, and CR 435, 535, and 532, anywhere there is open land construction is underway with approximately 40,000 homes and attendant shopping, dining and entertainment venues planned over the next 5 years. Most of the major developer/builders in America are building at full speed creating communities high in quality and abundant in amenities. Competition is intense, and excellent buys abound with many homes available as permanent residences, second homes, short term income producing properties, and long term capital gain opportunities.
Home styles range from standard floor plans to highly customized homes from 1,600 sq. ft. to over 20,000 sq. ft. and priced from the upper $100,000s to over $12,000,000. Floor plans range from 2 bedrooms/2 baths to as many as 13 bedrooms/10.5 baths and include apartments, townhouses, condominiums, and single family residences. All communities are located in close proximity to one or more of the major arteries making all of the central Florida easily available to residents and investors. This area is the heart of the number one tourist destination in the world. World class shopping, dining, and entertainment venues are immediately available. The Walt Disney World Resort, Disney Springs, Universal Studios, City Walk, Islands of Adventure, SeaWorld, the Holy Land Experience, LEGOLAND, the Orange County Convention Center, the Orlando International Airport, professional world famous International Drive, and the new Orlando Eye are all within minutes of everywhere in this area, as is world-class healthcare. Also within an hour to an hour and a half east or west you are on some of the most beautiful beaches in the world.
Timing and location have come together in one incredible location right now.. Whether you are seeking the home of your dreams, a second home, short term income property, or long term capital gains investment property it has all come together right here and right now just for you today.
One special bonus remains for you – over the past decade and a half Wendy Morris Realty has become the premier agency both locally and worldwide in servicing your real estate needs in the Horizon West area and Windermere. We can assist you with all your real estate needs whether you are buying or selling real estate, customizing a home, arranging financing, locating the right Title Company for your needs. Put Mike Horton and the dream team at Wendy Morris Realty to work for you today and let us help make your dreams come true.