Every real estate project goes through a series of stages of construction, adaptation of spaces and decoration. If an investor buys a home and does not want to wait so long to live in it or put it up for rent, they can opt for a turnkey project.

What is a turnkey project?

These are those real estate works that are delivered to buyers 100% finished. They have the following characteristics:

  • They meet all the necessary conditions of habitability in their infrastructure.
  • They don’t need further adaptations.
  • They include even the smallest details of finishes and decoration.
  • They have the necessary paperwork and documentation, both for the unit and for the entire project, completed and authorized.
  • They are paid 100% with no subsequent disbursements.

Advantages of Turnkey Projects in Florida

Are you thinking about buying a property in South Florida? In the most sought-after cities, such as Miami or Doral, there are facilities to access turnkey projects. These are its main benefits:

Avoid extra outlays

It is common for unexpected expenses to arise during the various stages of construction. Errors in the calculation of materials, extra requirements at the time of carrying out municipal authorizations, breaks of pipes or reinforcement of structural components are some examples.

Normally, the project developers distribute the expenditures among the owners. This happens because many investors decide to buy in black works to obtain more favorable prices.

However, if you buy a home with a turnkey fit, you won’t have to worry. At the time of purchase, the unit will be fully finished, with no need for modifications that involve further outlays. In general, you work with a fixed price system in the purchase, which avoids later payments.

Simplify recruitment

You are probably looking to expand your investment portfolio and real estate is a great alternative to do so. At the same time, you may not want to complicate your life with hard-to-manage assets.

A residential unit with turnkey purchase fulfills both objectives. You’ll complement your investment portfolio without any headaches, as the hiring process is much simpler.

You don’t have to make decisions during the development of the project, as everything will be thought out in advance. Once you have signed, you will have the keys to live in the property or rent it out immediately.

Turnkey: easily coordinate adjustments

In some real estate projects, you will have the freedom to choose details such as finishes or paint color. This way, you will be able to enjoy a house or apartment to your liking.

These adaptations and final details are easily coordinated with those responsible for the work. You will have a personalized home, more in line with your lifestyle, but without making big decisions and commitments, as happens when you build from scratch.

Delegating bureaucratic procedures

Developing a new real estate project requires a series of permits that involve lengthy paperwork. For example, the building permit, the cadastral plan and the urban impact analysis must be processed.

You can delegate these bureaucratic procedures to the mortgage broker and take care of what matters most to you: signing the contract and acquiring the finished unit, with all the paperwork up to date.

Leave the project in the hands of experts

For people who do not have experience in areas such as architecture, construction, civil engineering and interior decoration, carrying out a real estate project can be complicated.

Indeed, there are a lot of cumbersome and tedious tasks that require knowledge, specialized personnel, materials and specific machinery. As a buyer, you can leave the project in the hands of those who know best and simply enjoy the end result.

Undoubtedly, all these advantages make turnkey projects in Miami the most suitable to invest in. In addition, foreign investors will avoid constant trips to supervise the progress of the work.

Are you interested in investing in real estate? With a turnkey project, you will have the peace of mind of having your apartment or home almost immediately. You will be able to decide whether to use it as a holiday home or rent it out as a new source of income.

Let the experts at PFS Realty advise you to choose the real estate project that best suits your needs. Entrust the management of your investment in the hands of professionals. Get in touch for more information.

References

Cieri, J. (2021). Turnkey homes, the demand is growing from those who choose to have everything sorted out before moving. Infobae. Retrieved from https://www.infobae.com/economia/2021/09/27/casas-llave-en-mano-crece-la-demanda-de-quienes-eligen-tener-todo-resuelto-antes-de-mudarse/

Rubio, J. (2022). What is a turnkey construction project? Certicalia. Retrieved from https://www.certicalia.com/blog/que-es-un-contrato-llave-en-mano