What is a "Turnkey" Home?
Updated: Dec 31, 2019
If you are looking into buying a new home, you have probably heard the term “turn key.” You may have read it online when looking up properties or from a buyer agent that has interviewed to be your agent. However, you should know that not every listing or buyer’s agent has the same definition for turn key. The idea is very subjective, so you should always ask your agent want they mean if they use this term often. Why is there no concrete definition for this term? Not all home buyers have the same expectations when they say they want a turn key home.
Most home buyers are looking for a home that is move-in ready with minimal work or needed after purchasing the home. For some, that means only the basic elements like layout and function. But for others, that includes paint, carpet, and finishes that make the house a home. All you need to do is turn the key! The truth is, you are the one that should define what is turn key for you and your family. A good agent will have asked you a ton of questions about what you are looking for in a home. When an agent says a home is turn key, it should reflect what you want. If you are looking for a two-car garage and a big backyard, then a house that fits that description is a turn key house for you!