Some people love the home building process. They love choosing a floor plan, palette and upgraded features for their new home. The process excites them and gets their creative juices flowing. However, this isn't the case for everyone. Others would rather skip the construction process and move-in right away. Luckily, purchasing a brand new home doesn’t always involve building from the ground up. There is another option - quick possession homes. Quick possession homes give all the advantages of a new build without any of the hassle.
What is a quick possession home?
A quick possession home, also known as a spec home, is one that is already under construction, if not already complete. Many builders construct quick possession homes with their most popular floorplans, and features that will appeal to buyers. Quick possession homes typically come complete with expertly selected finishings, fixtures and features. These homes are usually move-in ready, and if not, you can usually move in within 90 days.
Benefits of buying a quick possession home
1. Shorter timeline
Being that quick possession homes are either under construction or already complete, the move-in timeline is significantly shorter. Most quick possession homes are move-in ready within 30 to 90 days. This is much better in comparison to a new home build which typically takes eight to ten months to complete. So, if you're on the market for a new home, and don’t care for the long wait, a quick possession home is a great option.
2. See the finished product
As previously mentioned, most complete quick possession homes are finished with pre-selected palettes and features. Things like countertops, cabinets and flooring have already been chosen. This is good news for home buyers who prefer to see a finished product before making a purchase decision. With a quick possession home, you get to walk through the house and get a feel of what living there would be like. A walk through can be helpful when deciding whether or not a home is the right fit.
3. Set price
When embarking on a new home build, the costs can add up. Selecting unique palettes and upgraded finishings can really hike up the total cost of your new home. The price of a new build can also be affected by construction delays, or any other unforeseen circumstance. This, however, isn’t a problem when it comes to quick possession homes. Given that quick homes are move-in ready, and their palettes and finishings are pre-selected, the price of the home is fixed. This is great for buyers with a strict budget as you don’t have to break the bank to purchase your dream home.
4. Great deals
Builders are always eager to sell homes, and this is especially true for quick homes. Builders will often offer buyers great deals in order to sell their quick homes faster. If you’re considering purchasing a quick home, you may be able to save some money!
5. A desirable home
When quick homes are constructed, builders usually pick the most popular floor plans, neutral palettes and most desirable features and finishings. Buyers who opt for these homes don’t get rushed products. They get homes that are thoughtfully designed and crafted.
Quick possession homes are a great option for anyone looking to own a new home without the hassle of a new home build. They’re trendy and affordable, and you get to move-in within a short period of time. If you’re currently house hunting, a quick possession home could be a great option you’ve never considered. Right now in Ravenswood you can save up to $20,000 on a quick possession home. This can be combined with other builder offers, speak to your favourite builder for details.