Orlando is one of the most visited cities by international tourists who want to visit Miami and Disney World as well as locals who don't get tired of repeating the experience that Orlando has to offer.
Buying a house in the United States is not hard, and Orlando is one of the most international buyer-friendly places. In fact Orlando is one of the cities that is breaking the stigma and has shown that close to 25% of new buyers are Hispanic.
The value of real estate is on the rise, even during 2020, a year affected by a global economic crisis. The SHF Index of Housing Prices with mortgage credit showed an appreciation of 5% in Q3 2020 at a national level compared to 2019. In Orlando, this appreciation is greater than 10%.
If you want to acquire real estate in the United States, here are some recommendations:
Get a real estate agent
One of the easiest ways to obtain the home of your dreams is with the help of a local. Real estate agents that specialize in international clients will help you with a wide variety of procedures. Even when you have a specific place like The Flats Orlando in mind, they can act as mediators to get you all the permits that you may not know about because you do not live in the United States.
Know your taxes
One of the taxes that you should consider when buying a home in the United States is property tax, which is usually between 1 and 3% of the appraised value of the vacation home, per year. The appraised value is usually less than your purchase price. Depending on how you treat your property, taxes differ, The Flats Orlando is a condo hotel concept, so you will have to pay income tax, however all administrative charges will be handled by The Flats Orlando team.
One way to make investment in a property in the United States easier is to have a registered company in the country. It is much simpler than you might think, since in the United States, you are not required to be a citizen or resident, nor are there minimum capital requirements. Forming a Limited Liability Company (LLC) is the best option for an efficient and safe process that serves as a guarantee when investing in real estate.
Like everywhere, Orlando was affected by the Covid-19 pandemic, but its recovery is exceptionally fast and it is expected to stabilize very soon. Despite this, Orlando has a strategic infrastructure development plan for the tourism industry to recover and prosper in the coming years. The Flats Orlando is part of a green future, of open spaces and committed to fun as well as the well-being of residents and tourists.