What is a display home?
Display homes are properties built in a display village. They are designed to give home buyers an idea of what they expect upon home completion. When you view Leneva display homes at Kinchington Estate, you get a chance to examine the home features. You also get an idea of how it feels like to live in the display home.
That's not all, though! You can check the room sizes and fittings and request the builder to make some modifications to match your needs. Upon checking all the home features, you decide whether to build a house with a similar design and features.
Do display homes make great investments?
Display homes are excellent investment options for many. They are lucrative with a lease back option, which guarantees rent way above the market value. Although display homes may not offer the same rental returns, the short-term gains are enticing once the lease period expires. Here are the benefits;
- Strategic location
Display homes are usually built in the best locations. They are surrounded by homes of similar quality and appeal. For this reason, they are easily marketable and fetch a good value. Also, they are readily saleable, and getting clients in such a neighborhood isn't a challenge.
- Quality fittings
Developers fit display homes with the latest fittings and fixtures at no additional cost. Most builders will add attractive features to enhance the home's look, making it more appealing and luxurious. And this benefits both the investor and the renters alike.
- Minimal maintenance
Display homes are designed with the client's comfort in mind. Builders use superior quality building materials and modern fittings. They are ready to move in, and you can rarely find faulty appliances or fixtures. Unlike conventional homes where the homeowner has to undertake some repairs often, display homes are in excellent condition, minimizing maintenance costs.
- High returns
Display homes offer higher returns compared to other properties in the marketplace. There's also an enormous appeal to tenants and buyers at the end of the lease period. Since the houses are well maintained, you can resell the property at a competitive price. Moreover, there's no need to hire a property manager since maintenance and cleaning are included in the agreement.
Final thoughts
Nowadays, buyers now realize the benefits of purchasing display homes and leasing them back to the builder. Such properties make great investments are associated with minimal maintenance costs. They are normally located in high-end areas and easy to sell. To get the best display homes, engage the right builders, and enjoy a good return on your investment.