Downtown Orlando Condominiums An HOA fee means a periodic charge collected by a homeowners' association (HOA) from each condo owner. You may also hear an HOA fee called an assessment. HOA fees cover the maintenance of the common areas and services as well as the wages of building staff; in some condos, some of your utility costs, such as sewage, water, or trash removal, can also be included under an...
If you plan on buying a home in Orlando, now is apparently the time. Forbes recently announced that Orlando is currently the best city in the nation to buy a home, due to prices increasing by 9 percent in 2017. Citing Local Market Monitor, a website that tracks housing markets, Forbes says home prices in Orlando are projected to increase by 35 percent over the next three years. This puts the City...
Florida is an intriguing state when it comes to buying and owning rental property. On one hand, demand for homes — especially single-family homes — has been consistently on the rise in Florida. Yet despite the demand, it doesn’t necessarily convert to more homebuyers. Instead, even though Florida boasts fairly low housing prices statewide, many people are still opting to rent instead of buy. As a...
While 89 percent of millennial renters say they plan to buy a home someday, just 4 percent expect to buy in 2019 and 30 percent say they will wait at least five years. For most of the millennials in the survey, affordability is the biggest obstacle for their purchase, cited by 72 percent. While cash needs are the paramount obstacle, 38 percent of millennials say they have bad credit and 29 percent say...
Orlando-based design-build company Finrock and developer One Eleven Residential will break ground in March on the $50 million luxury apartment building in Ivanhoe Village now simply known as the Lake House Apartments. The nine-story tower across from Lake Ivanhoe will feature 252 units above 34,900 square feet of office space and 2,563 square feet of restaurant space. The luxury residences will...