Should I Sell My Home Turnkey?
Second-home buyers who hesitated to buy during the volatile luxury market now have opportunities to invest in turnkey properties, which are essential “move-in ready,” fully furnished homes. Affluent buyers are attracted to these properties for various reasons, but the primary reason is to instantly enjoy the house the moment they unlock the door. Recent media reports confirm that luxury home buyers often don’t have time or inclination to furnish, decorate and equip an empty property.
Turnkey properties were popular among jet-setters and celebrities in the past, but now second-homebuyers are embracing the trend! Let’s dive into what a turnkey property is and why it is becoming the new luxury mindset.
What is a Turnkey Property?
Turnkey properties take “move-in ready” to the next level. These homes are furnished with impeccable interior design, high-end furniture sets, upgraded or new kitchen appliances, cabinets, and countertops. Generally, turnkey homes are sold “as is” and require very little to no remodeling from the buyers. Often, luxury turnkey homes will come with original artwork or vintage furniture sets that are required to stay with the property and is owned by future residents, thus, increasing investment values and interests from affluent buyers.
Purchasing a turnkey property sidesteps most decision-making responsibilities regarding home selections and allows buyers to eliminate all concerns about furnishing and decorating. Instead of a chore, moving becomes a simple delight, involving only clothing and personal effects.