Display homes, sometimes known as show homes or model homes, provide potential buyers with a tangible walk-through experience, showing off the best a building company has to offer.
The question we're considering today is, "Is it a good idea to buy a display home?"
Read on as we unpack this topic and delve into the advantages and disadvantages of buying a display home.
What is a Display Home?
Display homes are professionally designed and decorated properties, which serve as a practical demonstration of a builder's capabilities.
They feature a builder's top-quality workmanship and often come complete with luxurious extras and high-end finishes.
The Advantages of Buying a Display Home
One of the key advantages of buying a display home is the high quality and good condition of these properties.
Display homes are constructed to impress, showcasing the highest standards of workmanship and materials. They are also kept in pristine condition to remain appealing to potential customers.
Display homes often come with upgraded features. From high-end appliances to superior fixtures and finishes, these homes often feature the best a builder can offer.
A unique advantage of buying a display home is the potential for guaranteed tenancy.
Builders often lease back the display home while the remaining homes in the development are being sold, offering a source of steady income for the new owner, along with a great and reliable tenant..
The Disadvantages of Buying a Display Home
However, there are some potential downsides to consider. One of the primary drawbacks is limited personalisation.
Unlike a bespoke build, display homes come as they are, limiting the buyer's ability to tailor the property to their personal taste.
Another concern is wear and tear. Display homes have been open to the public and may show signs of usage, particularly in high-traffic areas.
Key Considerations When Buying a Display Home
It's essential to have a home inspection done to identify any wear and tear issues that might need addressing. Check the warranty and ensure it covers all aspects of the home.
Consider the leaseback terms, the price, and remember, the reputation of the builder is paramount.
The decision to buy a display home can offer many benefits, including high-quality construction, upgraded features, and potentially guaranteed tenancy.
However, it's important to weigh these against the downsides such as limited personalisation and potential wear and tear.
In essence, a display home can be an excellent choice for buyers who appreciate the certainty of a finished product, value the high-end inclusions, and are comfortable with the location.
If you're contemplating buying a display home or building a new home in Perth, don't hesitate to reach out to us.
We'd be happy to help guide you through the process, providing you with all the necessary information you need to make an informed decision.