Although it may be tempting to buy a show home outright, there are a few factors you should consider before signing on the dotted line.
Here Are 6 Things To Take Into Account Before Making An Offer On A Show Home In Winnipeg.
1. Location, location, location
The first factor to consider when buying any property is its location.Show Homes Winnipeg is usually located in desirable areas that come at a premium. If you’re set on living in a specific neighborhood or school district, you may have to pay more for your dream home than you originally budgeted for.
2. Maintenance and upkeep
When you buy a new build home, everything is brand spanking new – from the appliances to the light fixtures. But just because something is new doesn’t mean it won’t ever break down. New homes come with a warranty, but that only covers major structural defects – not normal wear and tear. Be prepared to budget for any necessary repairs or replacements down the road.
3. Privacy (or lack thereof)
Show homes are built with the intention of being photographed and toured by potential buyers. As such, they generally don’t have much in the way of privacy features (e.g., blinds, curtains, etc.). If you value your privacy, you may want to wait until after the development has sold out to move in – that way you can pick a unit that isn’t right off the main drag.
4. Furnishings and finishes
One of the biggest selling points of show homes is that they come fully furnished and decorated with high-end materials and finishes. If you love everything as is, then buying a show home can save you a lot of money and headaches down the road. However, if there’s something you’re not crazy about (e.g., the paint color, countertops, etc.), keep in mind that you’ll probably have to live with it – at least until you can afford to renovate.
5 . Resale value
If you’re not planning on living in your home for the next 20 years, then you’ll want to take resale value into consideration before making an offer. Show homes tend to appreciate at a higher rate than other properties simply because they’re newer and often better appointed than existing homes on the market. That said, if you buy early on in the development process, you may have to wait longer for your investment to pay off.
Last but not least, you’ll need to factor in the costs associated with buying a show home. In addition to the purchase price, you’ll likely have to pay for things like closing costs, land transfer taxes, and any upgrades or extras that come with the property. Be sure to do your homework and get a clear idea of what all the costs will be before making an offer.
Show homes can be a great option for those looking for a turnkey property in a desirable neighborhood. However, there are a few things you should keep in mind before making an offer, including location, maintenance and upkeep, privacy, furnishings and finishes, resale value, and cost. By taking all of these factors into consideration, you’ll be sure to find the perfect show home for your needs.