Buying the Model Home

Consider carefully before you decide to buy the model home for your new home.

In your search to buy a new construction home, you have surely walked through many model homes. It is hard not to fall in love with them - they are usually fully upgraded and are perfectly decorated. If the builder has almost completed the neighborhood, then it may be time for them to sell the model home. However, you need to carefully consider whether or not it is a smart move for you to purchase a model home.

There are several advantages to purchasing the model home in your new construction community.

  • There is no six-month (or longer) wait for construction. The house is completed and ready to be occupied.
  • Although it may be more expensive than a new home that you could buy in the neighborhood, it is can be a better value. It has most likely been fully upgraded, but you probably won't have to pay full price for those upgrades.
  • It may have special features or upgrades that the builder does not offer in the other new homes.

Even though there can be advantages, there can also be drawbacks to buying the model as your new home.

  • It isn't really a new home. It has had hundreds, if not thousands, of feet walking through it for a couple of years.
  • Model homes are typically sold "as is." This applies to the carpet and pad. All of those feet cause a lot of wear and tear on flooring.
  • It is probably at the entrance to the neighborhood. This can mean a great deal of car traffic in front of your new home.

If you are considering purchasing the model as opposed to building a new home, there are several questions that you need to ask the builder.

  • What is the occupancy date? Are you going to have to wait a long time before they are ready for you to move in?
  • What repairs is the builder willing to make?
  • How will the builder convert the walkways between model homes?
  • Can you purchase the furniture, linens, or custom rugs?
  • When does the warranty start?
  • Also, ask for a list of the upgrades as well as their cost. Are you getting a good deal for those upgrades?
  • Will the home appraise without any problem?

Think carefully about whether or not purchasing the model home for your new home is a good move for you. It may be a great way to get the upgrades that you want for a fraction of the cost. However, it also can make more sense for you to go ahead and build a new construction home. Weigh the pros and cons before making your decision.

Related Life123 Articles

Why lie? Buying a house with bad credit is possible, but it isn't recommended. However, individual circumstances vary. Here is what you need to have in order before pursuing a bad credit mortgage.

The process of buying a house involves more people than you and your family. Knowing who the players are and when they get involved will be valuable as you determine where you want to live and what you can afford.

Frequently Asked Questions on

Once you've found the right home, the next step is to make an offer to the seller with these helpful home buying tips.

In order to complete your home sale, you will need to go through a closing procedure. This is when all parties involved sign the required papers and the ownership of the property is transferred from the seller to the buyer.

© 2015 Life123, Inc. All rights reserved. An IAC Company