7 Benefits of Buying a Quick Possession Home

Posted by Justin Nolette on February 5, 2018

As you consider purchasing a brand-new home, it’s important to understand you don’t necessarily have to start from scratch. Many people do enjoy the process of choosing the perfect floor plan, selecting colours for the walls, faucets for the sinks, and otherwise designing that perfect home. However, many others simply can’t wait up to a year before moving or just don’t care about the small details. If this sounds like you, a quick possession home may be the right solution.

  1. Getting an Earlier Move-In Date
  2. Seeing Exactly What Your Money Gets You
  3. Making Some Design Choices
  4. Purchasing a Home Within Your Budget
  5. Having the Most Popular Features
  6. Receiving a Warranty
  7. Taking Advantage of Builder Incentives

These homes have been built on speculation to fulfil the needs of people like you who want to move in quickly. They are either completed or are near completion, and they come with many of the same advantages of other brand-new homes. Learn more about quick possession homes to decide if it’s the right choice for you.

Benefits of Buying a Quick Possession Home Exterior Image1. Getting an Earlier Move-In Date

In general, a new home takes less than a year to build - this can vary depending on supply availability and the weather, but it’s a good rule of thumb. When you buy a quick possession home, though, you don’t have to wait. The purchase typically takes about the same amount of time that it takes to buy a resale home. That makes them especially attractive if you're moving for work and need a new home immediately or if you want to coordinate your new home timeframe with a specific date like the end of a rental lease.

2. Seeing Exactly What Your Money Gets You

You get a sense of what your new home can look like as you tour Edmonton show homes, but most people end up mixing and matching various elements. You might like the floor plan in one home, the carpets in another, and the kitchen style in a third home. To create a home like this, you need to be able to visualize what things will look like in a different setting and trust that the builder can create the home you’re imagining. Not everyone has a knack for this.

With quick possession homes, though, you get to tour the exact home you’ll own. You can see the colour choices in person, experience the “flow” of energy in the home, and accurately picture how your furniture will fit.

3. Making Some Design Choices

Sometimes, builders advertise a quick possession home that’s still in the works - this is sometimes referred to as a spec home. They’ve already selected the floor plan, exterior design, and lot placement, and they have started to build. Depending on where they are in the process, you may still be able to make design choices for the interior of the home. You will still have to wait a few months before moving, but you won’t have to wait as long as you would if you were starting the process from the beginning.

Benefits of Buying a Quick Possession Home Kitchen Image4. Purchasing a Home Within Your Budget

Brand-new homes have a certain starting price based on the standard features, but once you start adding the features and upgrades you want, the price starts to increase. With quick possession homes, though, you already know the cost of the home, so it’s easier to shop for what fits your budget. You don’t have to cut corners or make adjustments to make the home more affordable.

5. Having the Most Popular Features

When building quick possession homes, builders typically choose the most popular floor plans and features for the homes. They rarely build a bare-bones standard model because that’s not going to sell as well as a home that’s packed with modern amenities and styles. This works nicely for those who are concerned about resale value for the future. 

6. Receiving a Warranty

As with any other brand-new home, you can look forward to new home warranty to protect your purchase. While you won’t have to worry about things breaking down because they're new, if there are problems with the materials or workmanship, they’ll likely be covered by the warranty.

7. Taking Advantage of Builder Incentives

Sometimes, builders are eager to get rid of the quick possession homes they have on the market, so they offer incentives to the buyers. In this case, you may be able to purchase the home for less money than it would have cost if you had made all the design choices yourself. This is a great way to get a good deal on a home.

Quick possession homes are the perfect choice for home buyers looking for something modern, affordable, and move-in ready. Browse Sterling’s current selection of quick possession homes, then come take a tour. You may just find the perfect home for you.

Click here to download your free guide to the home buying process today!

Tags: buying new home, quick possession, finding a home

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