The Top 3 Reasons to Buy an Inventory Home

The Top 3 Reasons to Buy an Inventory Home

There are more options when buying a home today than ever before. Resale homes are often quick to close but can require anything from touch ups to full renovations. While new construction homes are turn-key ready, they generally come with long closing dates to accommodate construction of the home. So, is there some middle ground between buying a resale home and a new construction home?

Inventory Home is the industry term that describes a Move-In Ready or Quick Closing Home. A Move-In Ready Home is a home that has been built or is under construction as part of a new home community but is sold after interior finishes have been chosen and construction has started. Keep reading to learn about the top 3 reasons you should consider an inventory home if you are currently looking for a home.

1. Two Words: Builder Upgrades

One of the best benefits of purchasing an inventory home is that it typically comes with finishes and upgrades meticulously selected by the builder. This can include enhanced and carefully curated interior and exterior finishes and colour packages, upgraded flooring, cabinets, hardware, appliances and so much more!

2. Move-In-When-You-Are-Ready Home

Another major benefit of a move-in ready home is that you will be able to move into your home sooner! Typically closing times are shorter because the home is either already built or under construction at the time of purchase.

3. What About the Warranty?

Buying a move-in ready home but concerned about losing months of coverage? TARION warranties start the day you move in, so your home will be fully warranted from your closing date, not the construction completion date.

Bonus benefit: often you can tour a move-in ready home, giving you the ability to really get a feel for the space and start envisioning your personal style in the space.

If you are currently looking for a home, consider an inventory home. It is a great middle ground between new construction and resale. One piece of advice: these homes often sell quickly, so do not hesitate!

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