(Hawaii News Now) - Turnkey homes are ready to move in, no repairs needed and is in excellent condition. Homes in Original Condition (or Remodel Ready) are homes needing major repairs to any or all elements. Turnkey homes allow a buyer to move straight in without the fuss of any repair work. Remodel ready homes will take some time for renovation and logistics and planning for permits, contractors, etc., but the home will be remodeled the way you want it.
If purchasing a Remodel ready home, carefully evaluate your intended use. Are you purchasing it to be an owner/occupant or is it an investment for resale? Evaluate the condition and sales of other properties in your neighborhood and consider if the value of the improvements is appropriate for your use and goals. Your Real Estate agent can provide you with a comparative market analysis to reference values and conditions of properties that might be in your competitive market. Scott Larimer (RA) sat with Dan to go over what you need to look for when looking for a turnkey home in this week's Real Estate Of Mind.