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If you are looking for a home like this be prepared to negotiate and often at a higher price than what it is listed at. Top candidates for turnkey houses include: Buyers who fear home improvement: If assembling your IKEA Lerhamn table brought you to tears, consider buying a turnkey house. But you’ll pay a premium for a house in perfect condition, so expect to compromise on the square footage or location you’d score with a fixer-upper. This means you can literally turn the key once the building process is complete and start living in your brand new home. Referred to as ready built ‘turnkey’ packages, this means your home is ready for you to move in with a fully fitted kitchen, bathrooms, flooring and more. This means that you can actually move into a completed home without having to run around to fill in all the missing gaps. It’s a smart option for new home buyers who might feel overwhelmed by the whole building process. It takes out a lot of the nitty-gritty processes when it comes to buying and renovating a home. A Couple of items to help your offer through such as a pre-approval letter a higher ernest money deposit a shorter inspection period will make your offer more attractive to the seller. Advertised with a single, fixed price for land and construction, turnkey properties won’t leave you any nasty surprises, such as builders calling up for more money mid-construction, because of underquoting. A turnkey home is also known as ‘move-in ready’ because unlike a typical new build, you can literally move into a turnkey home and start your new life. The term turnkey property is not used solely by investors, however.In marketing literature, realty companies sometimes use the phrase to describe any renovated, move-in ready home … A turn key home is undoubtedly a great option for both home buyers and real estate investors. A turnkey home, also known as a move-in ready home, is a home that is complete when you move in. Unlike many house and land builds, with a turnkey package there are no extra charges due to a builder underquoting or going over schedule. You will want to make sure that a turn key home fits your needs and goals before jumping right in, though. Often times a turn Key home will have multiple offers and it will drive up the price. Make the Right Choice. Source: (Sharon McCutcheon / Unsplash) Buyers on a strict budget: … Purchasing a turnkey home can help avoid budget blowouts because absolutely everything your family needs is included in the price. And while this option means less stress in the end, there are still a number of steps every buyer should take to ensure they are happy with the final product. 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