I would stay away from Reunion. With the high HOA fee's and the poor craftmanship future buyers are going to think twice before they purchase. Combine that with the fact that a timeshare company puchased most of their condo inventory(Wyndham Resorts) your not going to see a bottom in there for a while. If you notice the listings in that community tend to average long days on the market than similar communities. I hope that helped.
While I'm on a roll, the Patriots Landing section of Reunion contains some the poorest workmanship I've ever seen in homes that originally sold for over half a million. I been in more than one bathroom there where the counter was not even close to level. Talk about zero pride in your work.
If you are still looking. I can also speak to you about Reunion. I sell many homes in Reunion. Times have changes and the rentals are doing very well in many communities.
I specialize in income producing properties in the Disney area. (Central Florida short term rentals,vacation homes,second homes) I have been an investor for 17 years in this area as well as helping others invest in Florida properties. 90% of my sales in the Disney area are international buyers. I am sure I can help you find a very good vacation/income property that you can use at any time you want to use the home.You can call me at any time and we can talk in depth about how the best way for you to purchase a property, what is needed for you to start the process, managers taking care of your property and what they charge, how bookings/guests are placed in the property and the fees involved and what kind of income you will receive in all the different communities in the area. Every community close to Disney has a little different income ability. This is where I come in. You do not want to be to far from Disney. Please contact me and I will answer all your personal questions over the phone. It's best to answer all your questions before we start looking at properties. You can call me at 407-572-3022 or email me at firstname.lastname@example.org
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The owners in Reunion are currently trying to get the association and management to ease up on restrictions to make it more appealing for renters. Right now many of the owners are having trouble keeping their units rented due to all the restrictions and fees. My suggestion would be to run the numbers here http://theflamingogroup.com/estimated-return/ and if you're willing to pony up 15K for the initiation to the club than go for it. It's a beautiful place to own vacation property but not for the person who needs to make ends meet every month on their investment. Best of luck to you.
I think Reunion will improve over the next 3 - 5 years. I am seeing a lot of buying at the low end. I think prices will drop further this year, there are still some bank owned homes not on the market and likely more foreclosures. I have also heard there is the most new builds right now than at anytime in the past 3 years.
My concern with Reunion is the high running costs, great facilities but if you want to use everything it is going to cost $630 per month (and still pay green fees for golf!).
If you are going to rent your home short term unless you use their in house management your guests are restricted as to what they can use there. If you use their inhouse management they take 50% of the rent! (no monthly charge for that though!).
I think the homeowners need to band together and try to get better pricing on the HOA and golf/ammenity packages and allow their guests unrestricted access to the facilities. This will boost income for short term rentals which should help future prices.