![]() All of these things are considerations to take into account when touring. ![]() Therefore, you may be settling for a home that gives you a direct view into your neighbors backyard or allows them to see into your living room. Some model homes are also right next to a neighborhood club house which could lead to lots of noise and traffic during the weekends.Ĭompared to older homes, a bunch of the new neighborhoods popping up with inventory homes have built them pretty close to each other to maximize the lots in a neighborhood. ![]() Some people don't mind this, but others have safety concerns about being in the very front. Typically, the first home when you turn in. In most neighborhoods, the model home is located at the very front of the neighborhood. However, as we mentioned above, inventory homes are already built, so unfortunately you won't be able to do much about the home's location or the layout of the neighborhood. When it comes to real estate, everyone knows it’s all about, “ location, location, location.” If you’re lucky, you’ll find an inventory home that checks enough of your boxes that you will still be happy living in it, but don’t expect that any contingencies will be considered. So, an inventory home is basically an “ as-is property.” You can either take it in its current state or keep looking. The last thing they want to do is put more money into them. If you always wanted a home with an indoor pool, a library, or some other “dream” feature, you’ll have to pay for it yourself.Īs we mentioned earlier, most developers just want to sell these homes. The obvious one is that the house is already built. Well, it’s because there are some potential drawbacks, as well. If inventory homes are so great, why don’t more people consider them? 3 Reasons to Rethink Buying an Inventory Home If you can’t wait weeks or even months to move, an inventory home could be a good idea. This is always nice, but it’s extremely attractive to buyers who are moving to a new town to start a job or into a new school district and have to formalize their address before their children can attend school. No one is living there, so once the sale is final, you can basically walk in the front door and start unpacking. There’s no waiting for the current owners to leave, much less offer them a bit more as an incentive to get going. You Can Move in Right Awayįinally, another reason that inventory homes are so popular is because they’re move-in ready. While you probably aren’t thinking of selling in the near future, new houses always attract a greater price when compared to otherwise similar homes that are older.Įven better, if you’re able to lock in a big discount because you found your inventory home at the end of the year, you could stand to make significantly more when you decide to sell. You don’t have to settle for old technology or worry about paying to replace these features any time soon. The Home Is Brand Newīuying a new construction comes with many benefits, not the least of which is that all of the appliances and fixtures will most likely be brand new. Whatever the case, builders are looking to free up money – not necessarily turn a huge profit – which means you could enjoy a massive discount on a house, even one that would have otherwise been out of your price range. Maybe it was a show home and the builder is ready to begin construction on a new design. Perhaps the home was a custom build for a client who was later unable to afford it. This is when builders are trying to offload them. It’s in these situations that buying an inventory home could be a great idea provided you do so at the end of the year. They might even have to wait a year or two until some more attractive houses become available or they’re able to save enough to build the one they really want. So, most buyers just have to make the most of their local real estate market’s current selection of preowned homes. Of course, building a house is even more expensive. It goes without saying that brand-new homes usually cost more than those that have had previous owners. Sometimes referred to as “spec homes” or “move-in ready homes”, they’ve become popular for countless reasons, but these are their three biggest advantages. Inventory homes are in high demand all across the country. In fact, many people can’t believe they had never even heard of inventory homes until right before they became the proud owners of one. However, if you’re in the market to buy a new house, it’s important that you consider another option that’s becoming especially popular in recent years. When it comes to different types of houses, most people have heard of popular styles like bungalows, carriage houses, and colonials.
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