| Tip #20 in our series of 70 ways to save | | | | already be installed and you will not get to |
| money when buying a house is to buy a new | | | | pick the model or lot. But if you happen to |
| home from a builders inventory. | | | | like an inventory home, there is no |
| | | | difference between it and any other home the |
| An inventory home is a brand new home built | | | | builder builds. In fact, if it was an |
| by the builder but without an owner. Either | | | | inventory home, you know that everything in |
| the person who wanted the house built backed | | | | the house works, and it will have the best of |
| out of the contract or the builder built it | | | | the best upgrades. |
| as a way to keep his staff working, or a | | | | |
| model, or a way to add built homes to the | | | | If there is anything you do not like about |
| neighborhood. | | | | the home, you can ask the builder to replace |
| | | | it or change it at no cost. For example, my |
| Whatever the reason of the inventory home, it | | | | wife and I went to look at a condo complex |
| can be a bargain for you. Builders hate | | | | recently. They only had one left. And it had |
| having empty houses sitting around. They try | | | | wood floors. I prefer carpet, so the builder |
| to build as fast as possible and move to the | | | | was more than willing to take out the wood |
| next area. If a home is already built and | | | | and put in top of the line carpet, at not |
| sitting empty it is called an inventory home. | | | | cost. The condo also had the best appliances |
| | | | as well. If we had bought this same condo |
| Builders often have specials on these homes. | | | | earlier and chosen the top of the line carpet |
| They offer great deals to get the home sold. | | | | and the same appliances we would have paid |
| But most do not offer the deals to people | | | | thousands in upgrade charges. |
| without Realtors representing them. So check | | | | |
| to see if a Builder you like has any | | | | Buying an inventory home or condo is a great |
| inventory homes and get your realtor to | | | | deal. You get to see what the house will look |
| negotiate for you. | | | | like when you move in, the builder is |
| | | | desperate to sell it, and you get a brand new |
| Builders get loans to build houses. The | | | | house or condo for less than what your |
| longer a home is sitting there empty, the | | | | neighbors paid. That is instant equity! |
| more payments and interest the builder has to | | | | |
| pay on that house. So the builder wants to | | | | If you are looking to buy a new house or |
| unload it, quickly. And to do this, the | | | | condo from a builder, an inventory home is a |
| builder will reduce it several thousand | | | | great way to save you several thousand |
| dollars. It will cost much less than having | | | | dollars. And you can have an agent represent |
| the builder build you the same model from | | | | you and save thousands on the commission like |
| scratch. | | | | I discussed in Tip #1. You get the best of |
| | | | both worlds: you save several thousands of |
| The only drawback is that the appliances will | | | | dollars and get a brand new house. |