|What is a Turn-key Home? These are homes where a builder has secured a block of land, pre-planned a house design and actually commenced construction. Usually, you can then purchase the home either during construction or on completion (if it is still available).The benefit is that you or a tenant can move into a brand new home much more quickly without having to wait for land settlement, preparation of drawings and building approval. Another big benefit is that apart from the initial deposit (often only $2,000 up to around 5%), you pay no more until completion, avoiding the need to organise finance with progress payments and the associated costs.
The homes are ‘Turn-Key’ because most come with everything included – carpets, tiles, drapes, screens, light fittings, landscaping, fencing, driveway…even a clothesline and letterbox.
Have a look at the range of Turn-Key homes offered by Law Property Australia.