Display homes can seem like a great idea when you begin your journey to homeownership. A pre-built home by a trusted builder would let you get an idea of what their work is like, and what you can expect if you go with them. Unfortunately, they aren’t as simple as that.
With more than 20 years’ experience in the industry, Darren Walters has seen his fair share of home buyers fall for the display homes trap. Knowing many home buyers are likely to fall into the same trap in the future, we decided to put together this article to highlight the issues with display homes and what traps to avoid.
No1 Property Guide specialises in no or low deposit new homes. Whether you’re a first home buyer, have owned before, or are an investor looking to grow their portfolio, we have a new home solution for you. Complete our pre-qualification form today to discover your factual new home options.
The Truth About Display Homes
While display homes sound good on paper, there’s a few things you need to be aware of. The most important one is fairly obvious.
A display home is a sales tool.
This means the builder or developer is going to show you the absolute best they have to offer.
Now, in theory, it’s entirely possible to actually get that display home. The builders built it, and it includes inclusions that they do offer. However, the catch is that it’s almost never going to be a home that’s built with the standard inclusions.
When you’re looking at the home prices certain builders or developers offer, you’ll generally find it’s for the base version. So, this will include the bare necessities, using the cheapest version of everything they offer.
And unfortunately, when we say necessities, it’s the bare minimum you can build to classify a structure as a ‘house’. Often these displayed prices won’t include simple things like a letterbox, clothesline, and sometimes even a driveway!
The display home will have these though. And that’s where the genius of display homes lies.
Display homes attract new home buyers thanks to the affordable price and fantastic looking home.
And once the potential home buyer is in love with the home and commits to building one, they’ve fallen into the trap. Most home buyers don’t understand how to read an inclusions list correctly. This means they won’t be able to compare the inclusions in the home they’re signing for to compare it against the display home.
Then, once the home is built, they’ll discover it’s not what they imagined. But by then it’s too late.
That’s why, at No1 Property Guide, we don’t believe in display homes. We only hold open homes.
Why We Hold Open Homes NOT Display Homes
The reason we hold open homes instead of display homes is to showcase what a standard house build will include. While we do offer several different floorplans and designs depending on area and budget. All our new homes are 100% full turnkey. Which means the open home you go to is exactly what they signed for. No extra costs for a letterbox or clothesline.
Darren Walters is a big believer in providing the best service possible for our clients. It’s our goal to ensure every renter is able to become a homeowner. And we want the journey to be as smooth and enjoyable as possible.
By holding open homes instead of display homes, we’re able to showcase exactly what you can expect to get in your new home. Without showing you fancy extras or additions that aren’t standard or are out of your budget.
A No1 Property Guide open home is the perfect opportunity to see exactly what you can achieve thanks to Darren’s no or low deposit new home system.
How You Can Use Display Homes to Your Advantage
While display homes are a trap for many home buyers, there are ways you can use them to your advantage. The biggest benefit of visiting a display home near you is seeing the quality of work that the builder does.
While the home will feature inclusions that won’t be standard, it’s still a great indicator of the build quality. You’ll be able to inspect it to see if there’s any poorly installed features, bad paint jobs or any glaring faults that might be skimmed over during a general display home.
It’s also a great opportunity to talk to the builder about what the standard inclusions are. And you can find out what the extra fixtures, finishes and features will cost.
The No1 Property Guide Open Homes Difference
Once you’ve been to all the display homes near you, talk to No1 Property Guide about coming into one of our open homes. These are real houses of our clients (before they’ve moved in of course), so you can see the true build quality each and every new homeowner gets through Darren’s system.
You can also talk to our New Home Specialists on the day to understand how No1 Property Guide can get you into your own new home as well.
Darren has helped thousands of renters become homeowners thanks to his no or low deposit system. And he could possibly help you as well.
The best way to get started on your homeownership journey is to complete our pre-qualification form. This allows the New Home Specialists at No1 Property Guide to get an accurate estimate of your borrowing capacity.
With this we can discover your factual new home options and work with you to build your dream home.