If you have ever shopped for a home, you know it can get chaotic. From the onset, though, there are decisions you can make to lessen the stress. Purchasing a fixed-price turnkey home is one of those decisions that ease the process. Ordinarily, you would have to deal with the whole thing in numerous steps: purchasing the land, sourcing around for a builder, being a part of the construction, etc. However, all of these are glossed over when purchasing a fixed-price property; the engineers and property developers do these for you.
It also eliminates any discordance between these two parties on different construction factors like services needed, connections to be made, the readiness of the plot to be developed, etc. The implication is that when construction is completed on your turnkey building, all that has to be done is the interior arrangement (moving of furniture, decoration of walls, placing of potted plants, etc.), and you can immediately start living there.
Well, below are five things you should know about purchasing a turnkey house and package:
1. A reputable developer makes the process easier
Apart from choosing a competent developer, it is essential to maintain a good rapport with them. What this does for you is that you get the best quality work done for you and all dealings are essentially straightforward – no one-upmanship or dishonesty at play. Having this sort of interaction with your developer also ensures that you are communicated with effectively; it gives you the privilege of being relayed more information than usual and allows you to inquire about details you would like to know.
Part of these details includes information on the land area you'll live in. While the land might seem too material to have any problems, it is still subject to deterioration due to various environmental factors. On this, the Director of Linden Wise, Adam Jian, asserts that the benefit of having one company doing all the work for you ensures that the entire procedure is quicker. Thus, you get economic interest benefits through faster development and approbation and fewer waiting periods between land preparation and construction.
2. Choice of location is important
In the long run, one thing that matters is that the new area of your turnkey house was designed and appropriately planned. To paraphrase Adam Jian, if one is dependent on public transport to move to and fro, it becomes imperative to choose a place with appropriate services that are readily available. New families are drawn to places with a lot of green, so it would do to have a look around the public parks and fields.
3. Clear communication is essential
Builders have different notions of what they consider to be turnkey projects. This is why it is necessary to be aware of what constitutes your package, even down to seemingly little details. You would not want to be stuck with a finished project that lacks niceties that should have been included in the deal.
4. If you cannot decipher your contract, leave it
It is alarmingly common for people to get into contracts they do not understand and end up having to back out of, creating what is a dicey situation for all involved. Michael Cronk, an expert from Transpire Construction, states that contracts differ between builders, and it is imperative to be aware on all fronts of what you are entering into.
Most contracts on fixed-price turnkey houses would offer a resolved price, but these at times have an expiry date. Knowing when and how long the resolved price stands can save you a lot of trouble. Estimated average expiry periods can go six months, with three months being the opposite benchmark. A few companies do not begin construction until after this, so shelling out more than the resolved price becomes inevitable.
5. When in doubt, ask
You can never go wrong with asking. To avoid inadvertently making pledges that would not be honoured and ensure that terms are not misinterpreted, asking when in doubt is the best way forward.
Michael Cronk states that some builders offer homes that do not look like what was advertised; apart from this, there are clauses and implicitly (but not overtly) stated increases in price featured in the contract. If you do not understand or you have reservations, ask!
Linden Wise is a company that offers what can only be defined as par excellence value through stellar developments and projects for folk who prioritise exceptional results from their investments over all. Carving a niche out for themselves in the demands for residential and novel projects, they do work in:
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Building construction
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Land development
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Property project marketing
If you're looking to purchase your first home or looking for a project to work on, The Hills Estate has a diverse range of house and land deals (fixed-price and turnkey, of course) located within the boundaries of a flourishing well-designed hamlet.