There are various ways to buy your own home, including existing dwellings, new builds, and, of course, ready-built homes for sale. Pros and cons exist for all options, and it really comes down to your personal circumstances, needs, wants, time conditions and budget. However, our passion for ready-built homes comes exclusively from our knowledge of the home building industry and understanding of thousands of home buyers. With it, we know how incredibly beneficial this model of home is, across the board, even for those who have previously considered other methods. There are few other options that can tick the needs and wants boxes, across the board, than the ready-built home. Short or long term, here’s how they can benefit you, your family, your finances and your future.
First, what is a ready-built or turnkey home?
A ready-built home, synonymous with a turnkey house, is constructed to completion and ready for occupancy. Also known as a turn-key home, these homes are move-in ready either by design or by having been actually constructed, with all the final features, amenities, inclusions and interiors, without any additional construction or renovation work required. They are highly convenient options for homebuyers who want an efficient, hassle-free, high-quality new home experience.
Short-term financial benefits of a ready-built home
Predictable costs
Opting for ready-built homes for sale in Sydney or elsewhere ensures little to no surprise costs, and a clear, budget-friendly upfront price. With Complete Homes, you pay a small set deposit and then pay absolutely no progress payments; second and final amount payable only at completion and once you’ve moved in. This ensures you have a clear timeline to save and work to, without worrying about unexpected expenses ever, let alone at times you aren’t prepared (which is common in other home building models). You can read more about our fixed pricing and payment process in our Buyer Resources.
Faster occupancy
As the name suggests, ready-built homes are ready-built. They are either pre-constructed and ready to move-in, or they are completely designed for a block of land and are constructed on a very strict and transparent schedule. This means less time paying for rent or other interim housing before your move-in date, which can be a saving of thousands depending on your circumstances.
Avoid construction delays
As all of us have witnessed in the news and through word of mouth over the past few years, construction delays have had a huge negative impact on Australian home-buyers who have had dreams dashed as their ‘home’ is still nothing but a slab waiting to be built on. Pressures on building teams with disruptions to supply chain, particularly overseas imports, and retention issues have caused big construction delays. Complete Homes’ ready-built homes have managed to remain steady throughout. Thanks to strong industry relationships, foresight for troubleshooting problems and a ready-built model, we have avoided the impact so that our customers can too.
Lower cost of living areas
Turnkey properties, or ready-built homes, are typically constructed in community-focused, family-friendly areas. The cost of living in these city areas is extremely high, particularly today. Cost of living in our estate areas of North-west and south-west Sydney, Newcastle, Hunter, Central Coast, Northern Tablelands and Illawarra/South Coast are not only much lower, while also offering high return on just living.
Long-Term benefits of a turnkey home
Reduced Maintenance Costs
Brand new houses, like ready-built homes, employ up-to-date materials and modern construction techniques. This means fewer maintenance problems and lower costs in the long-term compared to unpredictable existing homes. The use of new materials and techniques means you can rely on the overall quality and durability of the home, reducing the likelihood of structural issues or the need for frequent repairs. Ready-built homes can enjoy a more worry-free and cost-effective experience, encountering fewer (if any) maintenance challenges along the way.
Market Appreciation
Owners of turnkey homes, also known as ready-built properties, benefit when the real estate market appreciates over time. We build our homes in high-yield areas that are growing infrastructure to appeal to more and more of the market, with homes that are higher quality and family-oriented than existing dwellings that can have very out-of-date floor plans. This means that your home appreciates, and will be worth a lot more as time goes by than what you initially paid for it. By owning a ready-built home in an area with a growing real estate market, you have the potential to make a substantial profit when the time comes to sell your property, or take out an equity loan. (Need finance? Read more about how we make finance easier).
Easier Resale
Selling a turnkey property, or a ready-built home, tends to be a smoother process due to their immediate occupancy readiness and broad market appeal. When there are more people interested in buying your home, it typically will sell faster. It also means saving on mortgage payments, property taxes, and real estate expenses that accumulate while the property is unsold. In essence, the move-in ready reputation of these homes and their ability to attract a wider pool of buyers can lead to a quicker sale, helping you avoid the financial burden of extended sale periods.
Potential Tax Benefits
Owning a ready-built home can offer you some valuable tax advantages. You may be eligible to deduct the interest you pay on your mortgage as well as your property taxes, meaning that the amount of income subject to taxation can be lowered, ultimately reducing the total amount of taxes you owe. These tax benefits can lead to significant savings. It's important to consult with a tax professional to ensure you're taking full advantage of these potential deductions.
Of course, the specific financial benefits of ready-built homes can vary depending on factors such as location, the quality of construction, and the condition of the property. When considering a ready-built home, it's crucial to conduct a thorough financial analysis and assess your long-term goals to determine if it aligns with your financial objectives.
Short and long term benefit
High yield rental market
Due to the high interest areas we build and the budding rental market, ready-built homes are an incredible opportunity to enter the investor market. Ready-built offer renters a breath of fresh air from weathered and cramped existing dwellings, and offer family-focused areas they can see their family thriving in. You will never be short of resident opportunities, and can also enjoy the tax benefits that can accompany owning rental properties.
Want to find out more? Explore more of our currently available ready built packages.
Want to talk more? Contact our incredible team today for a no-obligation and transparent chat on your interest in ready-built, and if it’s the right home buying route for you.