Orlando real estate proving to be valuable investment
Purchasing one of many available houses for sale in Orlando can provide a significant return on your investment, even if you're looking to acquire a fixer-upper. Orlando has become one of the top places in Florida for building permit activity and low home prices, according to a report by the National Association of Home Builders and First America Title Insurance Company.
Bank foreclosures have increased financial institutions' inventory of properties, and you may be able to receive excellent value on these homes. Additionally, contractors can provide you with advice to help you improve the value of a foreclosed property.
"People are tired of waiting around and they've put off buying a new home or renovating their existing one for way too long," Volusia Building Industry Association owner Anthony Viscomi told the news source. "They are not getting the value of their money in the bank so they are taking advantage of the low prices and putting it into real estate."
Lenders can offer you low interest rates to purchase a new property and complete additional repairs. For example, you could receive a 30-year fixed-rate mortgage with 4 percent interest to purchase a $120,000 home.