Pros and Cons of Investing in The Grove in Orlando, FL
If you are ready to undertake an investment property, location is likely one of the biggest decisions you will have to make. The area you choose to invest in can determine the value of your property over time, whether it is a primary or vacation home, and how much you may have to spend on things like taxes. It’s likely no surprise that many people making this decision land in any of the homes for sale in Orlando, FL, for their investment - with great year-round weather and many tourist attractions, the city is an ideal place for a vacation property.
With so many wonderful homes to choose from, you may be overwhelmed with the right choice. If you’re wondering, “is The Grove in Orlando a good investment?” read on to learn more.
What Makes the Grove in Orlando a Good Investment?
You certainly wouldn’t be the first person to invest in Orlando’s The Grove, and for good reason. Ownership at The Grove comes with luxurious benefits, a turnkey lifestyle, and even the ability to earn extra income.
The Grove Has Easy Access To the Well-Known Theme Parks
Most people associate Orlando with one of its largest attractions: Walt Disney World. And when it comes to the large theme park, The Grove could not be more ideally located, a mere 15 minutes from the entrance. In fact, some of the rooms are even positioned so that you can catch a glimpse of Disney’s famous fireworks each evening.
But Walt Disney World is not all that Orlando has to offer. Of course, there are other theme parks, like Universal Studios and Islands of Adventure, as well as LEGOLAND Florida and SeaWorld. These are parks that many people travel to visit, and they are right in the neighborhood when you live at The Grove.
The Grove Offers World-Class Amenities & Adventure For the Whole Family
The Grove prides itself on a luxury lifestyle for all residents and visitors, including the whole family. The Springs Pool includes three large pools, a large hot tub, private cabanas, and a dining location all in one place. For the kids, there is also Surfari Water Park, located near The Springs Bar and Grill. Families can also enjoy the Family Fun Center for immersive games.
Other amenities include world-class fitness centers and jogging paths, exercise classes, and a full spa with a range of services. The Grove is also home to Lake Austin, where you can find people paddle boarding, surfing, and fishing on any given day.
The Grove Provides Great Rental Opportunities
Many people who invest at The Grove choose to live in their unit and enjoy the property themselves, but it can also be used as a rental property. Units can be enrolled in a hotel rental program, and when you are away, the hotel management team will take care of everything a guest can need.
By offering property management, those who own units at The Grove do not have the same responsibilities and obligations that other investors may have. Instead, your own home can become a source of income while a property management team takes care of every task and amenity, making the business aspect seamless.
The Grove Is Situated Near The Best Food Spots in Orlando
If you enjoy a great meal, there is no need to even leave the neighborhood. The Grove itself is home to excellent lounges and restaurants. Valencia Restaurant, Longboard Bar & Grill, and Element Bar and Lounge are all favorites of residents and those in the area alike.
Because of The Grove’s proximity to Orlando’s city center, there is no shortage of excellent food options just outside the boundaries as well. Whether you prefer fresh seafood or a local pub, The Grove offers access to amazing dining.
The Grove Attracts an International Interest
Millions of people visit Orlando each year, with a large percentage of them coming from other countries. The Grove is well-established and known across the globe, with a reputation that draws these visitors. This recognition ensures that The Grove will maintain its amenities, and potential rental revenue is high.
What Are The Risks Involved in Investing in The Grove?
Of course, any investment comes with risks, and The Grove is no different. Properties in Orlando can be priced higher compared to other areas of the country, so it’s important to make sure any investment is sound.
The largest challenge for investors is the competition in Orlando. The area is full of resorts with rental properties, so there is stiff competition, and you will want to make sure yours stands out. This can also mean a fierce real estate market, so you’ll need to act fast and be prepared to make a strong offer on high-quality properties like The Grove.
Get Great Rental Property Management Services at The Grove
If you’re planning to use your Orlando home as a rental property, there is no better choice than The Grove. Many times, renting out your home means managing things like reservations, cleaning, preparing supplies, and customer service for your guests - but not at The Grove. Instead, any unit at The Grove that is enrolled in the hotel rental program is run by an experienced property management service.
Benchmark Hospitality International has 40 years of experience in thousands of rooms, making them an obvious fit for The Grove. Guests are taken care of and enjoy a luxurious stay, while owners do not need to use their own time and resources to ensure satisfaction.
See Properties for Sale in The Grove, Orlando, FL
Florida Realty Marketplace is ready to help you find your next property. See current homes for sale in The Grove, and we’ll look forward to helping you begin your investment!
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