The Australian Best Houses is a show that normally showcases some of the best of Australian houses. Here you will get to see luxury homes, display homes among other residential properties. Occupying prime locations in a developing estate, display homes are those showcased with high quality building materials and surrounded by homes of the similar standard. A keener look at display homes and you will notice some attention arresting features not very common in other buildings. This is because a builder usually takes this opportunity to showcase his possibilities and latest innovations. It’s therefore, common that you will see the latest designer materials, striking light fittings, quality finishes, professionally done landscapes and interiors that are designed with the best color schemes all to lure a buyer into buying. Many investors of Eden Brae Homes, for example, are often faced with the question of whether investing in a display home is a wise idea. This article focuses on display homes and whether it’s a good investment choice.
How it works
What happens in display homes Newcastle market has today is that a developer will buy land in high profile areas and then put together a display village where all the properties in the village will be marketed to buyers directly. Builders will then look for a display home site and then build it. After the building is constructed, the builder can sell it to the owner and then lease it back. In a lease back, you buy a home and then rent it out to a builder who will utilize it as a display home, paying you the owner some rent that is fixed. When the estate gets fully developed, then the Eden Brae Homes, for example, for display will be no longer of use. Thus, a developer will be ready to move on to the next project. Check Eden Brae Homes for more details.
Reasons it’s a lucrative investment
You will be guaranteed of a tenant who is the builder for the lifespan of the display village which could be ranging from one to five years. It will also have a high rental yield usually about 7% as the builder will pay rent at a commercial rate. Display homes Sydney market has today are of the highest quality because the builder will be excited to showcase their best work. During the lease back period, the high–short returns could be utilized to generate enough income that can be used to fund a deposit on the next addition to your investment portfolio. Lastly, builders of Eden Brae Homes, for example, will make great tenants as they have vested interests in the property. Therefore, the gardens and the outdoor areas will be maintained for as long as the property will be operating as a display home. Thus, you need not worry about hiring a property manager.
If you are a first-time investor and are looking for something that will offer some level of certainty to minimize risk in the first few years of building construction, then you will want to take an interest in display homes elara estate has. This is because you will have a guaranteed rent yield among other benefits.