Personally I think the best investment in the area would be a single family home with a garage apartment over a 3 car garage in Laureate Park, You would need to factor in no income on the house the first year. This is a proven rental model and you could pick up such a property around $400,000 and the exact same thing in either Celebration or Baldwin Park costs $550,000 to $600,000 today. In 4 or 5 years all three communities will be priced the same and it won't be because Celebration and Baldwin Park come down in price.
I think Village Walk and also Eagle Creek is a gated golf course community would also be a great investment. I would love to help you find a great investment in the Nona area. I have over 12 years of new home and general real estate experience.
I can be reached at 4077010547. I look forward to hearing from you.
Lin Joy Jesse
Charles Rutenberg Realty
New homes take time to appreciate, because you are paying top price. Both communities will be very attractive and there is little to differentiate between them except your own personal taste.
Townhouses require less maintenance from the owner. That's their advantage.
I personally don't think the rent is much higher for a single family home with the same accommodation as a townhouse, unless it has a private pool
In the end, buy what you like best.
I have sold several properties in Lake Nona, just closing another deal this coming Friday. First let me start by saying that in my opinion for investment purposes Lake Nona is the place to be â€“ Good Choise!!
There are a few communities that are greatly positioned for investment; I do not see them in your list. If you would be interested, I can email you the name of those couple of communities.
In my opinion Single family homes tend to have a better outlook in Lake Nona. Only because you would be looking at professionals moving into Lake Nona due to their jobs and families usually prefer a single family home. A townhome might be faster to rent cause it would be more affordable than a single family home but in terms are appreciation I believe a single family home for this particular area might be the better choice. In LAUREATE PARK you would be able find a single family home for $300K in Village Park is a little bit more expensive.
Check out the link below for a list of Lake Nona homes:
By the way, if you would also like to conduct your own search from a single source that has the entire inventory of homes for sale in Central Florida, you are more than welcome to use our website: http://abidhendi.orlandopropertiesonline.com. This website basically contains the same data base that all the agents use to search for homes.
Have a fantastic day & I look forward to hearing from you.
Abraham Bidhendi - Top Producer RealtorÂ® with over 25 years of experience
Awarded as Exitâ€™s TOP Buyer side Transactions for the State of Florida
We have had 165 successful transactions during the past year alone.
Exit Realty Access, LLC
Direct: (407) 744-2533
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Email: REOsofflorida@msn.com Or abidhendi@ORLANDOPROPERTIESONLINE.COM
Website: http://reosofflorida.mfr.mlxchange.com/ Or http://abidhendi.orlandopropertiesonline.com
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Congratulations on seeing the opportunities in our housing market at this time. Researching and considering your options before you jump into the investment property arena is quite wise.
To answer the question about which type property is going to bring the best return, is not that simple. Each type property will contain different issues in taxes, maintenance and the type of renter you will receive interest from. These differences can highly affect the return on your investment.
I have found that in general single family properties do better than townhouses but being an overseas investor as means you will not be local to deal with maintenance issues or management of the property. That would require the assistance of a manager which is an additional cost to your investment.
I would love to try to help you more with your questions and guide you in this process. Please email me at THOYT@prutropical.com or review my profile here on Trulia. I currently have a single family home that might work for you in another area of Orlando.
Prudential Tropical Realty
The developer has impossed restrictions on the number of units that can be sold to investors in Laureate Park. Ashton Woods was allowed to sell only ten of their duplexes to invesors and those were gone six months ago. Minto just opened last Friday and they too can sell ten of their townhomes to investors and one was gone opening day and the rest will go fast.
You can not buy a single family house in either for under $300,000 any more. The prices you see on line from the builders do not include lot premiums or any upgrades. Lot premiums can reach $40,000. Maybe if you get real lucky an Oakmont will show up for resale under $300k in VillageWalk.
With the budget you have in mind it is either a one or two story duplex in VillageWalk or a Minto Townhome while they last in Laureate Park.
If you want to work with the Lake Nona expert, I'd be happy to hear from you.