This time the concept ARV and cash flow we will not need But not because the purchased real estate will not bring its owner a penny. On the contrary, it can guarantee a high rental income as well as when using the concept BRRRR, will immediately attract a potential buyer, as often happens with those who are engaged flipping. The key difference is that this time you will not have to invest additional funds in the repair of the room, because it will already be completely ready for all the next steps.
❝Turnkey – real estate objects after repair or renovation, which come to the owner in a ready-to-move-in or move-in form.❞
You could hear this term more than once from the developers of metropolitan housing complexes. They quite often offer investors a full range of services, which includes rough finishing, installation of interior partitions, doors and windows, etc. Distinctive features of the turnkey facility are:
- a comprehensive approach to arranging premises. The developer assumes responsibility for design, construction, engineering, processing and installation of equipment. For greater convenience, the customer cooperates with one contractor, so the work is coordinated and carefully controlled;
- transparent fixed costs are discussed at the initial stages of cooperation, so the client's financial risks are minimized;
- cooperation with one contractor significantly saves time;
- the client receives his "turnkey" object in a ready form, so he can immediately move in, since all systems are working properly and the premises do not need improvements;
- of course, if we are talking about a residential complex or a cottage town, most objects are designed according to a similar methodology and taking into account a single style, but this does not cancel a personalized approach to each individual investor. For objects that are under construction, the owner can independently choose textures and colors, finishing materials and equipment, so that the final result corresponds to his subjective ideas about comfort and coziness.
Turnkey objects can be not only private houses and apartments, but also offices and other commercial premises.
Example of use:
- Hello! I heard that you are looking for housing in Kyiv. Already decided on the options?
— Hello, yes, I looked at several apartments, but I especially liked the offers in Residential Concept House. There are excellent turnkey facilities there. It is so convenient when everything is ready for occupancy.
- That's true. And what exactly is included in this "turnkey" offer?
— In the apartments, rough decoration has been done, windows and doors, some other basic elements have been installed. That is, I will not have to spend time and money on repairs.
"Oh, that's really a bargain, especially if you're planning to move quickly or." to rent an apartment.
"Turnkey" can be anything, even office. Contact us to start working on your business in new conditions. They say that even walls heal, so why not inspire them?
