Orlando - Condo vs Single family

[Andrew Brown]

Hi, my name is Andrew and I am a newbie investor that is interested in the Orlando market. I see that condos have high HOA fees. Do the HOA fees fluctuate often in most condos making an investment less profitable than a single family house?

I travel to Orlando several times a year to visit family so i figure getting a property there would make sense

Let me know your thoughts

[Alice Horn]

Hi @Andrew Brown! The issue with HOA's is a bit different in Orlando. Remember that many tourists visit Orlando looking for a complete resort experience - a gated community with a clubhouse, gorgeous pool area, even lazy rivers, water slides and more. These amenities will make a huge difference in the rates you can charge for your property. So paying higher HOA fees may also mean higher rates and revenue for your unit, if you buy in a well managed community. The top booking properties are S/F homes with pools, followed by townhomes with pools. Apartment-style condos in multistory buildings are extremely competitive on rates and I would encourage you to proceed with caution, with a few notable exceptions depending on location. Happy to help with any comparisons you might need as you check out occupancy and revenue for different communities and home types. Above all, have fun with your search!