What is a turnkey home?

The appeal of a turnkey home is being able to move into a finished property without first organising a renovation. But do not assume that a home advertised as turnkey is already complete or available for immediate occupancy. Ask what is included and when it will be ready, and check these details against the sale and purchase agreement.

What are the potential benefits?

A finished home may suit buyers who would prefer not to coordinate renovation work before moving in. Consider the layout, location and specifications alongside your budget and preferred moving date. The right choice depends on the individual property and your needs.

What should you check before buying?

• Is the property complete, under construction or being sold off the plan?
• Which appliances, floor coverings, landscaping and other items are included?
• What are the agreed completion and settlement arrangements?
• What ongoing maintenance and ownership costs should you budget for?

Have your lawyer review the sale and purchase agreement before you sign. Settled.govt.nz provides independent guidance on property options, including buying off the plan, and understanding the sale and purchase agreement.

Thinking of renting the home out?

Do not assume that buying a finished home guarantees an immediate tenant, rental income or a profit. Before purchasing, seek independent advice about whether the property suits your circumstances. Ask about property management services, their fees and what they cover; a finished home should not be treated as maintenance-free.

For information about a particular Williams Corporation home, talk to one of our Client Consultants.