If you’re in the market to buy your dream home that’s filled with features and facilities that you’ve always wanted, a house and land package could be the answer. But before you sign on the dotted line, there’s another alternative that you may not have considered before: display homes in display villages Adelaide.
However, as with any home purchase, there are numerous upsides and downsides that you’ll need to consider before you finally go for a home in a display village. In this article, we’re going to help you make your decision by showing the pros and cons of buying a home in showcase villages.
The Pros
Premium Fittings and Fixtures
Display homes are known for their superior quality and pristine attention to detail. Since builders use display homes to showcase the best of what they can offer to their potential clients, they’re typically built with premium fittings and fixtures that you may not be able to afford if you opted to build your home by yourself. In addition, the home you’re going to buy will be professionally cleaned and maintained regularly to ensure that it’s always in top condition.
Surrounded by Other Quality Homes
Display homes within a display village are surrounded by other beautifully-built houses that we’re also finished to a premium standard. The streets are also clean and well-maintained, giving you the impression of a dream home within a dream neighbourhood.
Leaseback Rental Return
If you’re not in a rush to move in, you can earn some good money from your property in the meanwhile. Builders tend to sell their display homes than rent them back from the landlord for a specific time while they’re still building homes in the area. Depending on the length of the lease, you could move in sooner than if you were to build a new home. You also get the opportunity to purchase some of the display furniture at a discount price.
The Cons
Stamp Duty
When building a new home, you’ll only need to pay stamp duty tax on the price of the land since while the home isn’t built yet. Buying a display home is the exact opposite since you’re purchasing a ready-made house.
Limited Scope to Personalise It
Another downside of buying display homes is the limited ability to customise the property. Since it’s already built, you won’t be able to customise it fully according to your liking. Since you’ve invested in the property, you also won’t have the money to do a quick renovation.
These are the pros and cons of buying homes in display villages Adelaide. If you want more information about display homes and display villages, visit our website and talk to one of our customer representatives.