Ready to move in homes, also known as move-in ready homes or ready-to-occupy homes, such as a luxury house for sale in Kandy or holiday villas for sale in Sri Lanka, are properties that are fully completed and prepared for immediate occupancy by the buyer or tenant. These homes are constructed, finished, and equipped with all the necessary amenities, making them ready for the new owner to move in without the need for any additional construction or renovation work.
Here are some key characteristics that differentiate ready to move in homes from other types of properties:
- Completed Construction: Ready to move in homes are fully constructed, and all the necessary building work, such as the foundation, walls, roofing, and flooring, is completed.
- Fixed Features and Amenities: These homes come with fixed features and amenities, including kitchen cabinets, bathroom fittings, flooring materials, lighting fixtures, and often, some basic appliances like stoves and ovens.
- No Delay in Occupancy: Since this type of low price house for sale in Sri Lanka is already completed, buyers can move into the home as soon as the purchase process is finalized.
- No Construction Hassles: Buyers do not need to deal with the complexities and uncertainties of ongoing construction, as the house is ready for occupancy.
- Viewing the Actual Property: Prospective buyers can visit and inspect the actual property before making a purchase decision, unlike properties under construction that can only be shown through sample units or architectural plans.
- Fixed Price: The price of a ready to move in home is usually fixed and less susceptible to fluctuations compared to off-plan properties (properties sold before construction completion).
- Quick Investment Returns: For investors, ready to move in homes offer the advantage of generating rental income or reselling quickly after purchase.
In contrast, other types of properties might include:
- Off-plan Properties: These are properties that are sold before completion, often during the early stages of Buyers need to wait for the project's completion, which can involve risks, construction delays, or design changes.
- Fixer-Uppers: These properties require significant renovation or repairs before they can be inhabited. They are typically sold at a lower price, but buyers need to invest time, money, and effort in fixing them up.
- Under-Construction Homes: These properties are still being built, and buyers can purchase them at various stages of construction. However, the completion timeline might be uncertain.
- Newly Constructed Homes without Finishes: Some newly constructed homes may lack essential finishes like flooring, cabinets, and fixtures, leaving it up to the buyer to complete these elements after purchase.
The choice between ready to move in homes and other types depends on the buyer's preferences, budget, and willingness to take on renovation or construction responsibilities. Ready to move in homes offer convenience, while other types of properties might present opportunities for customization and potential cost savings.
Why do buyers prefer ready to move in homes over other types?
Buyers prefer ready to move in homes over other types for several reasons, as these properties offer a range of advantages and conveniences. Here are some key reasons why buyers often favour ready to move in homes:
- Immediate Occupancy: One of the most significant advantages is that buyers can move into the property immediately after the purchase is finalized. There is no need to wait for construction to be completed or deal with potential delays.
- No Construction Hassles: Buying a ready to move in home spares the buyers from the stress and uncertainty associated with construction projects. There are no worries about construction quality, schedule overruns, or unexpected costs.
- Certainty of Features and Finishes: Buyers can physically inspect the property and see exactly what they are getting. There are no surprises in terms of finishes, layouts, or the overall appearance of the property.
- Time-Saving: Ready to move in homes save buyers considerable time as they do not have to go through the lengthy construction process or spend time on renovations.
- Immediate Rental Income: For investors, buying a ready to move in home can mean generating rental income right away. This allows them to start earning a return on their investment immediately.
- Fixed Price: Ready to move in homes often come with fixed prices, providing clarity and predictability to the buyers. In contrast, off-plan properties or under-construction homes may be subject to price fluctuations or additional charges during construction.
- Convenient Financing: Financing for ready to move in homes is generally more straightforward and less complicated than funding a construction project.
- No Additional Investment Needed: Buyers do not need to budget for post-purchase renovation or finishing costs since the property is already complete.
- Comfort and Convenience: Ready to move in homes are designed to be immediately liveable, providing the comfort and convenience of a fully functional dwelling from day one.
- Limited Competition: Depending on the local real estate market, ready to move in homes may have less competition compared to off-plan or under-construction properties. This could mean a smoother negotiation and purchase
- Peace of Mind: Buyers can have peace of mind knowing that they are investing in a fully constructed, inspected, and habitable property.
While ready to move in homes offer numerous benefits, it is essential for buyers to consider their specific needs, preferences, and budget before making a decision. Some buyers might still opt for other types of properties if they seek customization opportunities, are willing to take on renovation work, or if they are looking for potential cost savings.
