Many buyers are choosing to buy turnkey homes, and for good reasons.
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Why are buyers interested in purchasing turnkey homes? For those people that may not be familiar with this real estate term, a turnkey home is one that doesn't need any type of improvements, so someone can move right in. There are a few reasons why buyers would want to buy this type of home, and today I’m sharing a few of them.
1. They have a new-home feel. Turnkey homes are staged, clean, and smell nice. They are often an emotional purchase, which appeals to many people who want their properties to be perfect. Then the buyer doesn't have to do anything other than move their clothes in, put some furniture in, and make the house their own.
2. Fewer transactions to deal with. With these properties, buyers don't have to deal with city permitting, hiring contractors, spending additional money, making more decisions, etc. Homeownership is a long process and takes a lot of effort. For someone who may have a busy work or family life, they just want to keep it simple. Making sure that the house is already ready to go is the best possible option for them.
"When buying turnkey homes, you should always still get a home inspection."
3. Less stress for investors. Investors are looking for turnkey properties so that they can just close escrow, get the keys, and immediately start renting the property out. It's an income property, and they want to start making rental income.
When buying turnkey homes, you should always get a home inspection. They range anywhere from $300 to $600, depending on the size of the house. Your home inspector will point out if there are things that could cost you a lot of money and headache in the future, whether it's a primary residence or an investment property.
Home inspections are worth the money, and you'll be able to figure out if there's anything truly wrong with the house. Even though it looks great, there still may be some fundamental problems with it.
If you have any questions or comments about turnkey properties or real estate in general, feel free to reach out to me either by phone call, text, or email. I look forward to hearing from you soon!
