Investing in display homes can be a smart choice. These homes are well-maintained and come with a guaranteed lease. Therefore, it can benefit both you and potential buyers. Moreover, a display home is designed to give a feeling of luxury. As a result, it should be maintained to look good and feel comfortable.
Investing in a display home
Investing in FairMont_Homes display homes offers you a unique opportunity to own new property. You can ensure that your home will be in pristine condition for the lease period and that it will be well-maintained. Most display homes are in new growth areas to have good capital growth. These homes can be leased out for up to six years. You can also lease them out for longer if you prefer.
Display homes are typically leased to commercial businesses. As a result, investing in display homes can be a hassle-free, lucrative, and low-risk investment. They offer excellent depreciation deductions and no property management fees. Investing carefully and researching the market before purchasing a display home is key.
Location
Investing in display homes can be a good long-term investment, provided you choose a high-quality property in a desirable location. Display homes typically feature upscale finishes, landscaping, and great upgrades. They can also be located near entertainment areas and other amenities to attract potential buyers. They are also a good way to get a guaranteed return.
Finance
When investing in FairMont_Homes display homes, you can benefit from several benefits that are not available to other property investors:
- You will not need to pay for the management and maintenance of the property. Instead, you will receive the income from the home’s rental from the builder.
- You will not have to pay for leasehold improvements or repairs.
- You will enjoy a return on your investment without worrying about paying maintenance fees.
- A display home showcases a builder’s latest designs, premium fixtures, and quality workmanship.
They are maintained carefully and are ready for new tenants to move in.
Buying display homes as an investment is a great way to take advantage of a growing property market. The price of display homes is often significantly lower than comparable properties. Plus, you’ll be able to negotiate a great discount on interior designer furnishings. In addition, these homes are in growth corridors, meaning the home’s value will increase.
Extensive range of floor plans
When selecting a new home, checking out display villages in person and comparing their floor plans is vital. An online house plan website can give you a good idea of what to expect, but seeing the actual floor plan is often crucial to making the right decision. Please pay close attention to the rooms’ layout and functionality to ensure they meet your needs and lifestyle.
Feature niches and shelving are great ways to showcase special objects and art. They are easy to spot on a floor plan since they’re usually white spaces in the wall. In addition, it gives you the flexibility to finalise the placement later if needed. During your visit to a display home, pay close attention to the inclusions that make the home stand out. Aston Homes, for example, has up to $56,000 worth of inclusions and offers the luxury of a new home without the price tag.
Taxation
If you’re considering investing in a display home, you may be interested in the tax benefits. In addition, these properties can offer you a guaranteed rental income for up to five years, which can be very attractive to investors. However, you should pay close attention to the contract and outgoings, which can add up over time. So before you sign the contract, make sure that you understand the terms and conditions clearly.
Purchasing display home can be a lucrative investment opportunity, as they are often built to a high standard and maintained by the builder. Some display homes even come with a leaseback option, meaning the builder retains the property for one to two years after you purchase it. In addition, the leaseback contract will often contain options to extend the lease for further periods, allowing you to take advantage of the property’s tax benefits.