Rent with the Option to Own a Disney Vacation Home

The Orlando area and central Florida in general have been long considered prime real estate markets. For those who have long since wanted to purchase a home, but have only rented opted to rent a Disney vacation home when they visit should consider exploring the possibility of signing a lease agreement stating “rent with the option to purchase.” In doing so, that Disney vacation may end up being for keeps as well as being an excellent equity that may increase in value many times over.

Renting with the option to purchase is exactly what it sounds like. Essentially, you will sign a lease that specifies a monthly rental price. Say the rental is $1,200.00 a month and you rent the home for 12 months. At the end of the year, you will have spent $14,400 on rent. At the end of the year, you may opt to purchase the home and if this is the case, the $14,400 that has been paid in rent will go towards the down payment of the Disney vacation home.

While it is nice to rent a Disney vacation home, there is nothing that can be acquired from such a rental. There are no tax breaks and there is no equity to gain. The renter is simply paying for the right to live in someone else’s property. Now, there is absolutely nothing inherently wrong with this, but if the option exists to use the rental payments towards a purchase then exploring such an option may be the smart move to make.

Even if you do not wish to live in your Disney vacation home all year round, if you own the home outright you, yourself, can rent it out during your “off months.” In doing so, the home can be a great source of supplemental income. Once again, the financial potential in a Disney vacation home is rather vast.