In the vast majority of cases, property developers who are about to sell a number of house and land packages start off by building one or more display homes. These homes are often furnished as well so that prospective buyers can see what their future home could look like by the time they move in. The big question is however, do these homes really reflect the expertise of the builders who'll be responsible for building a buyer's new home?
Obviously developers don't want to risk losing a potential buyer, so it's perfectly understandable that they'll go to great lengths in order to ensure their display homes are as close to being perfect as possible. Even so, there is simply no question that these homes can go a long way in putting a potential buyer's mind at rest.
Quite often, the developer will also use one of the display units as an onsite sales office, but what happens to these units once the development has been sold out? Once all the allotted properties have been sold, what happens to the show houses?
While not all developers operate in the same way, many of them tend to sell the display houses at a reduced rate. The price reduction might not be that significant, but for a couple purchasing their first home, any saving is better than nothing at all. Also, many developers will sell these units "as is", which means the buyers get all the furniture as well.
Of course, if a particular development proves to be exceptionally popular, the developer will have the upper hand when it comes to selling the display units, and as such, there are occasions when these units actually fetch a higher price than the original asking price.
So, if you've looked at the houses on display, and you've decided you would like to invest in one, should you go ahead and purchase one immediately, or should you wait to see if you can grab one of the display units at a reduced rate?
In all honestly, it's essentially a bit of a gamble. If you wait, you could end up missing out on the home of your dreams. On the other hand, if you are successful, and you do manage to purchase one of the display units, you'll have peace of mind in knowing that the builders would have gone the extra mile in order to ensure the home was built to the highest standards permissible for that particular development.
Buying a home is a major investment, and in fact, it's the biggest investment many people will ever make. It only stands to reason that buyers need to proceed with caution, and it's always advisable for potential buyers to do plenty of research. There's a wealth of information and advice out there, but as is often the case, a lot of it can be misleading.
If you're looking to buy a new home, never allow yourself to be pressured into signing anything. If you have even the slightest doubt, you need to seek professional advice. Also, you need to remember that while display homes can give you a good idea as to what you can expect from builder, they are certainly not a guarantee.
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