Buying a home can be a long, complex process, especially when extensive renovations need to be made before you can start living in it. This is why many homeowners choose to purchase a turn-key property, which is move-in ready from the moment you close your deal. If you’re looking to buy a home and think this may be the right option for you, read the guide below.
What Is a Turn-Key Home?
Typically, when you buy a home, renovations need to be made. Perhaps the kitchen needs to be updated, or the bathroom needs new plumbing, or the basement needs to be carpeted and finished. When you purchase a turn-key property, you don’t have to worry about any of these issues, as the house needs no fixing up.
While typically more expensive, turn-key homes are in fantastic condition — they’re newly renovated, feature updated, working appliances, and do not have any obvious structural or electrical issues. Many times, turn-key homes do not even require a new coat of paint — you can literally turn the key and move right in.
Who Are Turn-Key Homes Best For?
Turn-key properties are ideal for buyers who want to move fast and do not have the time, energy, or ability to invest in renovation projects. For example, an executive who’s relocating for work may opt to buy a home that’s in turn-key condition.
Overseeing renovations and repairs might be too much to deal with while settling into a new town and office environment. Or, a prospective homeowner may simply have no interest in participating in the renovation process and has the means to buy a move-in ready home.
If you’re interested in buying a home, contact Lawrence Realty Inc. in Red Wing, MN. Since 1948, this family-owned company has been helping clients find the properties of their dreams, from turn-key ready houses to fabulous fixer-uppers. Visit their website to check out their listings, and call (651) 388-4745 to speak with an experienced real estate agent today.