Turnkey real estate is a term you’ve probably heard of or read once or twice while researching about real estate. The term ‘turnkey’ is just a fancy way of saying the contractor has control of the design of the property; most of the time, these are older homes the contractor has refurbished, designed, and outfitted.
This is just one of the many real estate opportunities out there, but how does it compare to the ‘usual’ real estate opportunities and investments?
Investing in properties can be lucrative, allowing you to diversify your assets and get a steady source of income. Turnkey has always been considered as the all-inclusive property investment. All you need to do is literally turn the key of the house to get started.
The main advantage of turnkey investment is that it’s a full investment system – the contractor handles the renovation or restoration and the continuing maintenance of the property you’re planning to rent out. It’s already furnished for you, so that’s less auxiliary costs to worry about.
There’s significantly less risk involved because the properties themselves are already ‘geared’ to a certain market. This also means a reduction of the time you will spend searching for the right tenant.
Turnkey real estate is easier to do than traditional investment. While these properties technically have a higher price tag than bare real estate properties, you’re investing in long-term security and a team that takes care of handling your rental properties.
The only ‘disadvantage’ of a turnkey property is that you don’t have a say on how the property itself will be renovated or designed. This can be an advantage, however, if you’re too busy to figure out how to design the rental property.
At Americas Housing Alliance, we’ll help you get started in turnkey properties. We’ll do the heavy lifting for you, from renovation to maintenance, so you can make the most of your investment.