If you’ve made the exciting decision to purchase a new build home, you have the option of following one of two routes. You can work with a builder to design your home from the ground up, or you can select one of their already existing inventory homes. Inventory homes - also known as spec homes or quick closing homes - are those that the builder has recently finished building or is in the process of building. Two of the greatest benefits of purchasing inventory homes is how you can save in two very important areas: time and money.
Inventory homes are typically ready for move-in within 3 months of purchase, but often times are ready to move in as quickly as a resale home. With an inventory home, the builder has already done the work so the home is ready for you to move into. Because so many of the time consuming decisions have been made for you already, you aren’t tying up your schedule with appointments to make these decisions. As a homebuyer, you’ll experience all of the benefits of a brand new home, without going through the long home building process, which can take many months and may require your attention on many different levels.
Another way an inventory home can save you is in your bank account. With a new home you are provided with a warranty, which covers your home from repairs that you would end up paying out-of-pocket if they occurred in a resale home. Additionally, builders are usually quite receptive to price negotiations and other incentives as they are motivated to move the home quickly. In many cases, builders will also offer to cover closing costs, which typically range between 3% - 4% of the price of your home. Our clients are usually surprised at the extra incentives or extra options such as smart home, appliances, blinds, etc that we are able to negotiate for them.
If you are considering buying a new home in the near future, an inventory home may be perfect for you as it can give you all the benefits of a brand new home while saving you time and money.
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