OK ... THIS is the house! :-)
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OMG.
When I started reading the description, my first thought was “they don’t know what turnkey means,” but then I read the whole sentence:
Turnkey investment with Fully furnished home with stable tenants
That means someone is living there, like that, as a renter….
BTW notice how saturated some of the photos are, that means that, besides everything else, it must be really dark in there, with the wall and ceiling paint and dark finishes.
Yuck.
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@Piano-Dad said in OK ... THIS is the house!
:"turnkey."
Yep! I would say our current house was almost turnkey. We had the roof replaced (literally the day after closing) and Mr SK painted (the bathrooms, his studio, one other wall, so not that much). And we had a (beautiful) banister installed on the stairs down to the basement.
That's it. That's about as close to turnkey as we'll ever get anyway, and much, much less than what we did for our last house.
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SK, when I use the term "turnkey" I mean the house includes everything. Ours included furniture, linens, cookware, bedding, everything. After closing, we walked into a fully useable house. We had it on the rental market the following month.
Over the next few years we discovered all the stuff that needed repair ... roofs, stucco, irrigation, landscaping, pillars, foundation (!), but it was still turnkey in the sense of walking into a fully furnished house ready to live in.
Crazy economist who likes to write about higher education.
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@Piano-Dad Yea, that was my understanding of what turnkey constitutes. It's about usability, not conformation to someone's personal tastes.
I think if you're either moving way across country or buying a second/vacation home, it makes a lot of sense. Way cheaper than trying to outfit a whole new house at once. You can make it your own over time. Or not.
When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier
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SK, when I use the term "turnkey" I mean the house includes everything. Ours included furniture, linens, cookware, bedding, everything. After closing, we walked into a fully useable house. We had it on the rental market the following month.
Over the next few years we discovered all the stuff that needed repair ... roofs, stucco, irrigation, landscaping, pillars, foundation (!), but it was still turnkey in the sense of walking into a fully furnished house ready to live in.
I actually think turnkey is the ideal vehicle for selling that house. The decor and furnishings are each so much a part of the complete scheme that one wouldn't make much sense without the other.
Big Al
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We bought the Huron house with everything in it - dishes, linens, the works.
Ended up throwing out a lot of it, but it was an easy way to get started.
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Our "turnkey" place had recently been remodeled by a couple for their daughter's use. She was injured in an accident and never lived in the house. As part of the remodel, they used a designer to completely furnish the place with high end Spanish Colonial stuff. It all coordinates. This wasn't someone's beat up leftovers!
We were thrilled not to have to furnish a house quickly, which would have forced us to do a fairly slapdash job on the cheap. And we don't have any particular attachment to the furniture, so we're comfortable renting the place out. I can only imagine what the original cost would have been.
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@Piano-Dad Yea, that was my understanding of what turnkey constitutes. It's about usability, not conformation to someone's personal tastes.
I think if you're either moving way across country or buying a second/vacation home, it makes a lot of sense. Way cheaper than trying to outfit a whole new house at once. You can make it your own over time. Or not.
@wtg said in OK ... THIS is the house!
:Yea, that was my understanding of what turnkey constitutes. It's about usability, not conformation to someone's personal tastes.
I think maybe I was actually just thinking "move in ready"??
As @wtg mentions personal tastes, 99% of what we did to this house (painting) was just about taste. The roof and the banister were not about taste, but the house was 100% "usable" -- it's just that it was completely empty before we moved our stuff in. So, asyou say, not turnkey.
I wonder if "turnkey," in the sense of buying a house with all the furnishings in it, used to be more common.... Or maybe it's more of a big city/swanky area thing? I don't really recall seeing houses being sold with all their furnishings while house hunting here, or in our previous city.
No idea, just thinking out loud.
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I had not seen th\is "turnkey" stuff either. When we expressed interest in the house and started negotiating I think we asked something like, "is this house staged" and found out that, no, this was the owners' stuff that they would be happy to sell along with the house. They had prepared an itemized list based on consignment guesses and we just made an offer for the whole thing, which they quickly took.
Crazy economist who likes to write about higher education.
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It's pretty common up in Door County where a lot of the homes are vacation properties. I loved a lot of the furniture we had up there but had no place to put it in our Chicago house. We were thrilled to sell the Wisconsin house fully furnished. It would have been a pain to find ways to empty it out.
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I had not seen th\is "turnkey" stuff either. When we expressed interest in the house and started negotiating I think we asked something like, "is this house staged" and found out that, no, this was the owners' stuff that they would be happy to sell along with the house. They had prepared an itemized list based on consignment guesses and we just made an offer for the whole thing, which they quickly took.
@Piano-Dad said in OK ... THIS is the house!
:They had prepared an itemized list based on consignment guesses and we just made an offer for the whole thing, which they quickly took.
Nice!
@wtg yes, that makes a lot of sense! And fits with why I wouldn't have those kinds of listings where I was looking.
