What Is An Inventory Home?

Being a homeowner, you must know what is an inventory home. If it is your first time going house hunting, you have arrived at the right place. Buying a new home is one of the most exciting things and scary things at the same time. In today’s post, I will explain what is an inventory home in detail. Many people among us love the idea of purchasing an inventory home for a variety of reasons. Make sure you even check out the pros and cons of inventory home buying. Without wasting much time, let us now check out what is an inventory home in detail.

What Is An Inventory Home?

An inventory home is a home that has already been built or is in the process of being built. In short, the details of the home have already been determined and selected. This includes the floor plan, interior selections, exterior architecture, and other upgrades. All these factors are already determined by the designers and builders themselves. An inventory home is also known as a quick move-in home.

You can keep on reading further to learn more about what is an inventory home.

The builder can still allow you to make some changes within your home even if you sign a contract for an inventory home. The biggest advantage of purchasing an inventory home is it is a quick move-in. Once the house is fully completed, you can move in almost immediately. A builder has to sell the home after building it to showcase their work. When it comes to inventory homes, builders are often willing to negotiate down.

Now, you must be wondering are inventory homes cheaper. Yes, inventory homes are cheaper as you don’t have to pay for contractors, materials, or labor. 

Advantages Of Inventory Homes

I hope now you’ve understood what is an inventory home in detail. Below I’ve listed the advantages of purchasing inventory homes.

  • Inventory homes won’t create as big a dent in your bank account as custom-built projects would.
  • You don’t have to invest additional amounts in choosing the location, the floor plan, or other components.
  • Generally, these homes are ready for use immediately or within three months of purchase.
  • You don’t have to worry about choosing paint color or countertops as your professional designer will choose it for you.

The only drawback of inventory homes is that you don’t get to make all the choices. Sometimes, the builder may be willing to throw in some of the changes you are looking for. While buying an inventory home from a builder, you can negotiate for upgrades and customizations.

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In the above post, I’ve explained what is an inventory home. An inventory home is a brand-new house that has been built already and is ready to move in. Here, a builder builds a home on the property that he owns without a predetermined home buyer. In most cases, the homebuyer can’t even choose color schemes or fixtures in the home. But the best part is that you don’t have to go through the design section process. As inventory homes are already built, you don’t have to worry much about the construction budget. Once you know what is an inventory home, you can get the home of your dream quickly.

What does inventory mean in home