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The Turnkey Advantage: Looking For Turnkey Homes With Help From Firms Like MarquisBy Expert Author: Ned Mrozek
Real estate is often a wise investment. In many aspects, property investments can raise in value over time, depending on factors such as nearby commercial developments and market conditions. This is surely the case considering that the current property market in the U.S. is slowly getting back on its feet after the big slump of several years ago.
One type of property that has attracted a modest following among realtors, as well as buyers or sellers alike is the turnkey property. These are homes that have been repaired to some degree and certified ready for occupancy. They're often under the stewardship of real-estate firms that specialize in turnkey developments like Marquis Properties, LLC . Liaising with such companies when you're in the market for your own place can work in your favor in the long run.
A turnkey realtor acquires numerous properties in certain neighborhoods and pay for them in cash. These properties may include foreclosed or abandoned residences still in good condition. All it takes for the group is to take them over and start fixing them up with help from reputable contractors. This has the added benefit of the buyer not having to spend extra for repairs.
The fact that a turnkey property company like Marquis Properties, LLC has connections with firms that concentrate on certain aspects of home systems allows for a full package renovation. A renovation specialist will map out the materials needed for the project and the overall cost of the program. This ensures that each contractor will complete their assigned task within a specified period.
House hunters will always take the financing route when making a play for a property they like. A turnkey property firm you choose will often have partnerships with experienced lending providers in the community. Many of these will help you take out a loan only if the property you seek has been fully renovated. Usually, a 20-percent downpayment, plus closing costs and turnover of important papers, is sufficient for you to get the place.
Acquiring a turnkey property does have its advantages. A reputable turnkey realtor who will work for you adds up to the value. To learn more, check out realtor.com/advice/pros-and-cons-of-working-with-a-turn-key-company-biggerpockets-investors-corner/.
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