If you’re planning to add to your portfolio of Central Florida residential real estate investments in 2022, it is a good idea to first consider the anticipated outlook and trends for the area. That way, you will know better what to anticipate.
According to the national real estate brokerage, Redfin, the housing market in Orlando, Florida, is quite competitive. In November 2021, home prices in the area were up 16% as compared to November of 2020.
Further, on average, homes in Orlando and Central Florida have been selling after just 14 days on the market. This can make it difficult for consumers to purchase a home of their own – especially if they are not already approved for a mortgage and ready to move quickly. This, in turn, could have the effect of increasing the number of potential renters.
Given that – and coupled with the historically low interest rates that we’ve seen in the U.S. for more than a decade now – 2022 could prove to be a good time to start or add to your portfolio of Central Florida residential rental home(s).
If you already own residential rental property in Orlando and/or the surrounding Central Florida locale – or you plan to do so soon – <give CFL Property Management a call> and learn more about how we can make your life easier.
In addition to taking care of day-to-day maintenance issues, responding to emergencies, finding and screening potential tenants, and collecting rent, CFL Property Management also keeps you informed with easy-to-read monthly financial statements that are prepared by our in-house CPA. That way, you’re never in the dark about how your investment(s) are performing financially.
So, contact us by calling (407) 429-4834 or sending an email via our secure online email form at https://cflpropmanagement.com/contact-us/. We look forward to hearing from you, and helping you manage and maintain your property portfolio.
Orlando Real Estate Market: Prices / Trends / Forecasts 2022. Norada Real Estate Investments. December 13, 2021. https://www.noradarealestate.com/blog/orlando-real-estate-market/