Moving into a new place is a thrilling adventure filled with promise and possibility. Among the many options on the luxury real estate market, one term you'll likely come across in your home search is "move-in ready." But what does it mean, exactly?
A move-in ready home is, as the name implies, fully ready for you to move in! However, there's much more to it than just being prepared for habitation, and this article will delve into the details. Read on for a complete guide from trusted Realtor® Ricardo Scala to learn whether a move-in ready home is the right move for you.
Understanding the concept of a move-in ready home
So, what is a move-in ready home? A move-in ready home is a property that's on the market and ready for immediate occupation after closing. It's a home that has undergone any necessary renovations, repairs, and maintenance to meet local code requirements. The home should be in fantastic condition overall, both structurally and cosmetically. Simply put, the new homeowner can immediately settle down without undertaking any immediate significant upgrades, repairs, or renovations.
Just because a property is listed on the market, that doesn't mean it's move-in ready. A house that needs substantial repairs or renovations or which doesn't meet local building codes is not considered move-in ready. While it might be liveable, if it requires significant work to make it comfortable, it's not truly move-in ready.
Just because a property is listed on the market, that doesn't mean it's move-in ready. A house that needs substantial repairs or renovations or which doesn't meet local building codes is not considered move-in ready. While it might be liveable, if it requires significant work to make it comfortable, it's not truly move-in ready.
The pros and cons of move-in ready homes
Before diving deeper, let's take a moment to consider the advantages and disadvantages of opting for a move-in ready home.
Pros
Money-saving
Move-in ready homes are equipped with modern features and appliances, which can help you save on maintenance and utility costs in the long term.
Time-saving
Perfect for those with demanding schedules or who prefer minimal involvement in the home-buying process, move-in ready homes allow you to move in immediately after closing without worrying about the hassles of various repairs and updates.
Less stress
Moving is already challenging enough, and a move-in ready home alleviates the stress of dealing with construction or renovation projects right after moving in.
Fewer hidden issues
You can tour and inspect the entire property before purchase, feeling confident that it aligns with your needs and preferences. You can expect that what you see is what you’ll get, as move-in ready properties usually come with fewer surprises.
A solid resale value
Luxury move-in ready homes are consistently in high demand, promising a strong return on your investment when it comes time to sell in the future.
Cons
Higher price point
Typically, move-in ready homes command higher prices than their fixer-upper counterparts in the same area. Because the seller has already made the necessary upgrades or repairs, you save on time and energy.
Less investment potential
Relatedly, since you are paying a premium for the convenience and allure of a move-in ready home, these properties typically have less room for immediate appreciation compared to a fixer-upper.
More competition
When purchasing a move-in ready home, you will likely encounter more competition from other buyers. These properties are generally in high demand, especially in popular communities with tons of nearby amenities. This heightened level of demand and competition can often drive up the price even further.
Unknown maintenance history
While it’s true that move-in ready homes are typically very well-maintained, you might not receive complete information on their maintenance or renovation history. Thus, it’s crucial that you ask the seller for receipts or records regarding the property’s repairs and upgrades.
Limited customization or personalization
The design of a move-in ready home is predetermined, which might be a drawback if you crave a highly personalized space. When you buy a move-in ready property, you will have fewer options for customizing its layout and design compared to purchasing a property that already needs renovations.
Characteristics of move-in ready homes
As discussed, these properties should require little to no additional work, upgrades, or repairs before you can comfortably and confidently move into the space. Move-in ready properties provide a hassle-free, ready-to-go solution for buyers looking for a truly luxurious home right from the moment they receive the keys.
Functioning plumbing and pipes
One of the critical features of a move-in ready home is a fully functional plumbing system. All pipes and fixtures should be in working order, without any leaks or water damage, providing the homeowner with immediate access to clean and running water.
Modern electrical outlets and wiring
In addition, move-in ready homes should have updated electrical outlets and wiring that adhere to local code requirements. All outlets, switches, and light fixtures should be operational.
Weatherproof roof and exterior
The roof and exterior of the house should be free of any leaks or damage, protecting the home from weather and the elements. In addition, the property should have working gutters and downspouts to manage rainwater effectively.
Essential appliances included
Most move-in ready homes come with major appliances like refrigerators, stoves, dishwashers, and washing machines. These appliances should be in proper working order, eliminating the need for immediate replacement.
Intact flooring and walls
Whether it's carpet or hardwood floors, the flooring in a move-in ready home should be thoroughly clean and undamaged. The same goes for the walls; they should be free of significant blemishes, with fresh, clean paint.
Windows and door locks are in working condition
Windows and door locks should function as expected. This feature allows for efficient heating and cooling systems.
Optimal heating and cooling systems
An efficient heating and cooling system is a must. HVAC systems should be serviced and tuned up, ready to maintain the comfort of the home immediately.
Beautiful landscaping
The exterior of a move-in ready home is typically very well-maintained, with pristine landscaping that sets the tone of luxury.
Recently renovated
Move-in ready homes often feature recently completed renovations or upgrades, which may include new flooring, fresh paint, modern fixtures and finishes, and up-to-date, energy-efficient appliances.
Partner with Ricardo Scala for exceptional results
If you’re ready to find out if a move-in ready home is right for you, reach out to top-tier Realtor® Ricardo Scala. With a solid reputation in the luxury real estate sector, Ricardo Scala has built an illustrious career based on expertise and a deep understanding of high-end real estate. If you're in the market to buy or sell a home, or if you have any questions about the Dubai real estate market, reach out to Ricardo Scala today. His unrivaled expertise and dedication to his clients will make your next real estate venture a delightful journey.