Are display homes the best way to invest in property?

best way to invest in property

When it comes to showcasing our skills, our craft, and what we have to offer in general, to influence the buying decisions of potential clients, it is only reasonable to put our best feet forward. This means showing off the best products we have on sale to convince prospective buyers that we are the real deal and its time to look for best way to invest in property.

Well, that is what our display homes are to us, letting us put our best feet forward. These display homes are built to taste, esthetic furnishing, intricate kitchen designs, top-notch architecture, floor coverings, and impressive landscaping, all to attract potential investors. However, are they the best choice for property investments?

Display homes are attractive options when it comes to property investments, as they are located in the best areas with the best facilities. Now imagine you could purchase such an investment with the assurance of a rent return up to 8%, coupled with having tenants who manage to keep the place clean, with professional cleaning done a couple of times during the rent period. Sounds great, doesn’t it? That is an advantage that comes with purchasing display homes. But do these homes serve as an excellent long-term investment? Here are some of the benefits that come with buying display homes.

Benefits of buying a display home:

  • Fitted with high-end materials: Display homes are built with the best materials, top-notch finishes, all in a bid to highlight amenities, and the top features that the builder has to offer.
  • Display homes certainly look better than the older homes on the market, as it is used to catch the attention of new customers. No one lives in this home, which leaves it in a better condition than most homes. Builders exert themselves to make sure display homes are built to taste and good enough to impress a first-time buyer.
  • Discount payments: Display homes tend to sell for less than the original value, which is a great deal for the buyer.
  • When you decide to purchase a display home, you buy a new home sooner than expected. Choosing to invest in an already built display home is undeniably faster than building on a vacant piece of land from the ground up. It is also less stressful as it is on a see, inspect and buy basis.
  • With a display property, you do not need a property manager, so that saves you money on property management fees. Note that when you buy a display home, you are signing up to be surrounded by great neighbors, a good plus if you ask me.
  • An opportunity for rental yield: With display properties, you have the chance to earn some more money, especially in a case where you are not in a rush to move back in. In most instances, home builders sell these homes and then rent them again from the buyer at rates that are slightly higher than the usual, so you make your profit. Depending on the agreement made, you could even end up buying some of the furniture and other fittings in the house at discounted rates, cutting costs in a significant way.

Purchasing a display home is not all fairy tale, as there are a few CONS when you buy a display home. Some of them include:

  • Banks do not consider display homes; the rent the builder is ready to pay for loan assessments. They will only consider rent paid if the property was rented for residential purposes.
  • The rental yields will only be high if the home is leased to the builder; subsequently, it will become available at market rates.

Ultimately, it is up to you to decide on the best property investment for you, but you should weigh both the pros and cons before settling on your choice. We have only highlighted these to broaden your insights and make your decision easier. For further clarification, you can contact us for help, and we are sure to help in the best way we can.

Achieve Homes’ display homes are currently for sale on a leaseback offer. The display homes on sale are the Ginninderry Display Home, in ACT and the Olivine Display Home and Woodlea Display Home located in VIC. For more information, get in touch with us today.

 

REQUEST A CALLBACK

  • Emma & Alex / Googong

    Our valued customers, Emma & Alex just moved into their brand new home in Googong, NSW. Check out what they had to say about their...
    Read more
  • Kerri / Googong

    Check out what our lovely client, Kerri had to say about why she decided to build a new home in Googong instead of buying an...
    Read more
  • TANIA & DANIEL / SCULLIN

    We recently checked in with our valued clients, Tania & Daniel, at their brand new home in Scullin, ACT. Take a listen to what they...
    Read more
  • Kate / Holt

    We recently caught up with our valued client, Kate, at her brand new home in Holt, ACT. Take a look at what she had to...
    Read more
  • Anita & Ram / Throsby

    Anita & Ram have just moved into their new home in Throsby, ACT. We popped in to see how they're finding their brand new home.
    Read more
  • Tristan / Googong

    Tristan just moved into his new home in Googong, NSW. We dropped in to see how he's finding the new home.
    Read more

LATEST NEWS

Knockdown Rebuild: The Solution to Your Family Home in Melbourne

Knockdown and rebuild, as it is becoming increasingly popular, allows you or anyone to design a new home by bringing down an already existing structure,...

Read More

Tips from an expert Canberra Builder on How to Choose the Right House and Land Package

Choosing the right house and land package within Canberra can be overwhelming, particularly for new home buyers, and there are a range of factors you...

Read More

How to Make Your New Home in Canberra Your Forever Home ?

A forever home like the name implies is a home that is intended by the occupant or owner to last him or her a very...

Read More

Our Awards

  • HIA ACT & SOUTHERN NSW REGION AFFORDABLE HOME

  • JUDGES RECOMMENDATION FOR WORK HEALTH & SAFETY

  • HIA ACT & SOUTHERN NSW TOWNHOUSE/VILLA DEVELOPMENT OF THE YEAR – LAWSON

  • HIA (ACT) AFFORDABLE HOUSING

  • HIA (ACT) PROFESSIONAL MEDIUM BUILDER/RENOVATOR

  • MBA (ACT) PROJECT HOMES – LESS THAN $300,000

Achieve Homes is a home building company that has become one of the most trusted builders in the industry operating in Canberra, surrounding NSW region and Melbourne. We have been operating since 2008 and understand what our customers want.

Keep in touch

Contact

Address
15/9 Beaconsfield Street
Fyshwick, ACT 2609

9/20 Graduate Road
Bundoora, VIC 3083

Phone
1300 234 432

ABN 31 137 872 014
ACT BL No 2009645
NSW BL No 224797C
VIC ABN 41 608 214 375
VIC BL No CDB-U 61982

© 2019 Achieve Homes All Rights Reserved | Site Created By 23 Creative