The benefits of visiting a display home
Whether you’re building your forever home or gathering research for your next build, visiting a display home gives prospective homebuyers an opportunity to sample all the latest home styles to help in their decision-making process. It’s one thing to look at a house in a magazine or online, but nothing compares to physically walking through a home and being able to see every design element in real life. By visiting a display home, you can become inspired and gather ideas for the type of floorplan and finishes you may like as well as see the quality of the builder’s workmanship. While you’re visiting a display home, you will also get the chance to speak one-on-one with a sales consultant and ask questions to further guide you on the possible style options and inclusions that may be available to you. While you’re there, you have the opportunity to imagine yourself living in the space and to see whether the house can accommodate your specific wants and needs.
Frequently Asked Questions
What should I look for in a display home?
When visiting a display home, there are some specific things to consider looking for. Before stepping foot inside, think about the following:
- Your build goals/needs: Come up with a checklist of your musts and nice to haves before visiting. This will help you to choose the right design easier. Think about the amount of bedrooms you want, the storage space, kitchen layout, if you want an outdoor space, etc. Making these decisions prior to sampling homes will save you a lot of time.
- Get a feel for the home: Before you enter the display home, get a sense of its overall street appeal. Then, once you walk in, notice how the space feels. Is it open and welcoming, is there plenty of natural light, can you feel at home there?
Research the building company: Some things to look for when researching include; years of experience in the building industry, build quality, design/style range, warranties and customer service.
Is it worth buying a display home?
Buying a display home can come with some worthwhile advantages. The key advantage is that the home comes fully-equipped with all the latest fittings and fixtures as well as add-ons that you may not be able to afford had you gone for a new build. For investors, buying a display home can generally earn you higher than average rental returns and you’ll also save on property management fees while still claiming depreciation on the home. There’s also a time-saving factor in buying a display home. Instead of having to wait months for a new build, a display home is already established and move-in ready. Although there’s a waiting period while the builder leases the home back for display home purposes, you have the confidence knowing you have a high-quality home with all the premium finishes and less maintenance to carry out. Not to mention it is likely to be in a premium area of the residential real estate.
Is buying a display home a smart investment strategy?
Buying a completed display home can be a smart decision for investors. For one, it’s a great way to ensure that you’re buying a high-quality, brand-new home with all the luxury inclusions and perfected finishes. The display home’s location also plays a role in the potential for higher returns as they are often located in prime real estate. If you’re looking to build your property portfolio quickly, a display home can provide the perfect solution; which is particularly helpful in today’s increasingly competitive and fast-paced housing market! If you’re an investor or not in a hurry to move into your property, you could enjoy good leaseback rental returns on your new display home, which is generally a much higher return than a regular property rental in the area. For many investors, this is one of the main benefits of buying a display, as they don’t have to waste time and money hunting for reliable tenants. For first-time investors, a display home also minimises any risk in the first few years of building a portfolio. Plus, you can still claim depreciation!