5 Reasons to Purchase a CreekWest Leaseback Showhome

If you're in the market for a new home or investment opportunity, a leaseback showhome might be an option worth considering. For those unfamiliar with the term, a leaseback showhome is a property that is typically sold by a builder or developer, but the builder continues to use it as a display model or showroom for a certain period of time, after which the buyer moves in. This unique arrangement offers several benefits for buyers, especially those who are looking for both a great home and an attractive investment. Here are five reasons to consider purchasing a leaseback showhome:

1. Immediate Rental Income

One of the key advantages of purchasing a leaseback showhome is the immediate rental income you can receive. While the home is being used as a show model, the builder will pay you rent for the duration of the lease agreement. This means you get to enjoy the benefits of passive income while the property is still technically part of the builder's marketing program. This rental income can help offset mortgage payments and other expenses, providing you with a great return on your investment right from the start.

2. Brand-New, High-Quality Home

A leaseback showhome is often a brand-new property that has been meticulously designed and constructed by the builder. Builders typically put extra care into making their showhomes aesthetically appealing and feature the latest upgrades and high-end finishes to attract potential buyers. When you purchase a leaseback showhome, you're essentially getting a top-of-the-line property that's move-in ready, with no need for immediate renovations or repairs.

3. Limited Wear and Tear

Since the property has primarily been used as a showroom, it has likely seen far less wear and tear than a typical home. The builder takes extra care to maintain the property in pristine condition, ensuring that it remains in excellent shape. When it comes time for you to take possession, you’re stepping into a nearly brand-new home that looks just like the day it was finished, providing you with peace of mind regarding the condition of the property.

4. Flexible Move-In Timeline

With a leaseback showhome, you're not immediately required to move in as the property remains in the builder’s care for a specified period of time. This gives you flexibility in terms of timing. Whether you’re waiting for your current home to sell, coordinating a relocation, or simply need a little extra time before you move in, you can enjoy the convenience of having a flexible timeline. The builder usually allows you to select a date that works for you after the lease term ends.

5. Potential for Appreciation

Since leaseback showhomes are typically part of new developments, they are often located in growing or desirable neighborhoods. As such, there’s potential for your property to appreciate in value over time. If the development is in an area that is experiencing growth or if the builder is known for quality, you may be able to sell the property for a profit in the future. Purchasing a leaseback showhome gives you the opportunity to capitalize on the builder’s reputation and the neighborhood’s long-term potential.

Purchasing a CreekWest leaseback showhome is a win-win! It offers a mix of investment opportunities, brand-new quality construction, rental income, and flexibility. Whether you're looking for a sound investment, a new home with minimal wear and tear, or a property in an up-and-coming neighborhood, a leaseback showhome could be the right choice for you. Be sure to explore this option further with an email to our Sales Manager mack@creekwest.net for available options!