With every rent payment you make, you're helping build equity-not in your own future, but in your landlord’s property. That money could be going toward a mortgage on a home of your own, right here in Central Florida.
Orlando Rent Trends and Affordability
Orlando's rent prices have been steadily rising over the years, and experts project that trend to continue. In fact, Orlando recently ranked 178th out of 182 major metropolitan areas in the U.S. for rent affordability. This means that for many residents, renting is becoming increasingly unsustainable.
While you can’t control rising rent, buying a home allows you to lock in a mortgage payment and build long-term financial stability. Owning a home is one of the few ways to secure your housing costs in a growing market like Orlando.
Benefits of Buying a Home in Orlando
What to Consider Before Buying a Home in Orlando
How long you plan to stay: Buying usually makes more financial sense if you expect to stay in Orlando for several years.
Taxes and deductions: Florida property taxes can be favorable, and mortgage interest is often deductible. Consult a tax advisor.
Closing costs: These include fees for inspections, appraisals, and title work. A knowledgeable REALTOR® can help you navigate them.
Maintenance and upkeep: Homeownership includes responsibilities like lawn care, utilities, and repairs. Budget accordingly.
Explore Your Options
Deciding between renting and owning is a major decision for many Orlando residents. If you’re ready to explore what homeownership could look like for you Contact your trusted Berkshire Hathaway HomeServices Results Realty Orlando REALTOR®
