Renovations

New Home Builders in Sydney and The Central Coast

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Builders tend to offer buyers their show houses as these are top quality and also shows the skills of the builder. Display houses are well maintained as these are a builder’s shop front which is why such homes offer investors several advantages. In order to provide a higher return, builders tend to lease back their properties at commercial rates as opposed to residential rates. Such leases run for two to three years or longer of which will cover the builder’s costs such as insurance. MBA in Australia have stated that in general display homes that are on display to the public are far better quality as the builder applied more attention to detail and effort. These houses are even more tempting, as many of these homes have won MBA awards.

Display homes are more tempting as the builder enjoy displaying the extent of their skills and will also add luxury extras such as alarm systems, beautiful landscaping, water features and outdoor settings, the top fittings and fixtures as well as air conditioning and other luxury items to impress potential buyers. New home builders Sydney and Central Coast are exceptionally good quality and in immaculate condition with lots of luxury additions. These are ideal properties to purchase for these specific reasons and others. However, there are flip sides, like everything in real estate such as the builder moving on, which will cause the investor’s returns to drop due to the residential market not paying high rates.

In such instances, the investor will either move into the property or opt to sell the property. At any one time there are not an abundance of display homes for sale, and many investors are put on a waiting list. The new home market currently has seen a downturn, although opportunities still exist for investors. Around 45 thousand new houses a year are produced, and in 2012 only 33 thousand were built. New housing estates are still being produced and there are still many display houses waiting for buyers. In comparison to years ago, there are far more opportunities to purchase display homes for investors. Investors get really good products including landscaping, and they provide professional maintenance which in turn means good tenants.

Display homes are open for a year or longer or which investors are queuing to buy these homes. Buyers are now offered a guaranteed seven to seven and half percent return. As opposed to completing a home and then putting up a for sale sign, builders now have waiting lists. When buyers see a house being built, they call the builder and say they are interested in buying the home.

Peter Williams has many years of custom home building experience and shares his valuable knowledge about New home builders Sydney and Central Coast. If you are looking to hire professional builders to make your dream come true, please visit wincrest.com.au.

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