Tips on buying a new home in Orlando, FL
Orlando, FL - New Home Market Profile
With year round sunshine, state of the art resorts, attractions, and amenities, Orlando is the one of the world's most magnificent cities to live and play in. The year-round mild weather is really makes Orlando a great place for tourists and residents alike. There is fabulous, sunny weather in the months of October to May with low risk of rain. With a unique combination of old South and modern metropolitan feel, Orlando is constantly expanding its new home communities, employment opportunities, retail districts, and even cultural diversity.
During the day, anyone can take a dive in the countless outdoor activities, like skydiving, snorkeling, golf, and skydiving. At night, Downtown is alive with restaurants, bars, and clubs. Shopping districts have as much variety as the local attractions. Even if you already have Walt Disney World and MGM checked off your list, you've only scratched the surface of what Orlando has to offer. There's also Magic Basketball, Solar Bears Hockey, Orlando Jackals Hockey, Tampa Bay Bucs, Epcot, Sea World, Universal Studios, Planet Hollywood, Hard Rock Cafe, O-Rena Shows, Bob Carr Auditorium Shows, The Southern Ballet, Dinner Theaters, and more.
Population (year 2000): : 185,951
Estimated median household income in 2005: $36,699 (it was $35,732 in 2000)
Climate: Orlando has a warm and humid subtropical climate, and there are two major seasons each year. One of those seasons is hot and rainy, lasting from May until October. The other is a cooler season (November through March) that brings more moderate temperatures and less frequent rainfall.
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Orlando Real Estate Zindex (Provided By Zillow.com):
- Orlando: $223,907
- United States: $254,569
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Most common industries for males:
- Accommodation and food services (12%)
- Construction (11%)
- Arts, entertainment, and recreation (8%)
- Professional, scientific, and technical services (8%)
- Administrative and support and waste management services (6%)
- Finance and insurance (4%)
- Health care (3%)
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Most common industries for females:
- Accommodation and food services (13%)
- Health care (11%)
- Educational services (8%)
- Arts, entertainment, and recreation (7%)
- Professional, scientific, and technical services (6%)
- Finance and insurance (6%)
- Administrative and support and waste management services (5%)
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Buying New Makes Sense
One quick glance at today's headlines, and it's no wonder that, as concerned consumers, we're pinching pennies more than ever. In a recent survey conducted by HSBC Bank USA, 64 percent of us plan to cut unnecessary spending this year. And, in a similar survey by Discover Financial Services, about half of consumers plan to cut down on such non-essential spending as dinners out and movies - even remodeling.
Still, when it comes to buying a house - something that many consumers are doing because of the many good deals to be had in a slow market - most of us prefer new. Even better, buying a new home also makes good financial sense. New homes offer countless advantages for consumers when it comes to saving money. Perhaps the biggest plus is that, since they're brand-new, the maintenance headaches that often accompany maintenance - as with older homes - simply don?t exist, and won't for a while.
New homes also use the latest in whole-house systems, like heating and air conditioning, so they're not likely to break down, saving consumers money. They're also more energy-efficient, which is also good for saving lots of green. Speaking of green, with interest rates that aren?t too far away from historic lows (just over 6 percent for a 30-year fixed mortgage as of March 11), consumers can also save money on new home mortgages. And, since mortgage interest and real estate taxes are deductible, it's another way to save money by buying a new home, especially when it comes to tax time.
Click here to read more about "Why You Should Buy New".