If you’re part of the 28 million Americans planning to buy a home this year, you’ve got some big decisions to make. Not only do you have to choose the right area for your needs, but you have to make the choice between buying a move-in ready home or a fixer-upper.
So, how do you make the right decision? We’re here to help.
Keep reading this short homeowner’s real estate guide to learn more about what you can expect to see in a move-in ready home and the pros and cons of buying one.
What You Can Expect to Find in a Move-in Ready Home
First of all, it’s important to understand what constitutes a move-in ready vs fixer-upper home. A move-in ready house, which is also known as a turnkey home, is one that doesn’t require significant work to get it in a comfortable, liveable condition.
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More specifically, a move-in ready home should have the following:
- Modern plumbing and electrical
- An updated HVAC system in good working order that won’t need replacing in the next few years
- Windows, siding, and roof in good condition
- Updated kitchen appliances
- Flooring that’s in good condition
Essentially, a move-in ready home may need some cosmetic enhancements based on a buyer’s preferences, but there shouldn’t be any features that would prevent someone from living there comfortably.
Interested in investing in turnkey properties? Be sure to check out this beginners guide to learn more.
Pros and Cons of Buying a Move-in Ready Home
Now that you know more about what constitutes a move-in ready home, how do you know if it’s the right choice for you? Let’s take a look at the pros and cons of buying one.
The biggest pro of a move-in house is that you don’t have to do any work on it once you buy it. Outside of cosmetic changes like repainting, your home will be ready for you to enjoy from the day to unpack.
Another benefit of buying a turnkey home is that you won’t have to worry about unexpected surprises like plumbing issues or a broken HVAC. Because the components of the home are newer and more modern, you shouldn’t have to deal with unwelcome surprises.
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The truth of the matter is that there are very few cons to buying a move-in ready home. But, if you want to have full control over the look and feel of the design of your home, then you might have trouble finding something that matches your aesthetic.
Another thing to consider is that buying a move-in ready home is usually more expensive than buying a fixer-upper. However, by the time you put money into updating the fixer-upper, you might end up spending more money than you would have when buying a move-in ready house instead.
Choose the Right House for Your Needs
After reading through this quick guide, you should have a better idea about what to expect when buying a move-in ready home. Now, you can make an informed decision about what to buy so you get the perfect home for your needs.
Want to read more before making your final decision on what to buy? Browse through our other articles before you go.