A full turn-key house: A complete, move-in ready solution
A full turn-key house is an upgrade offered by home builders, ensuring your home is fully completed with all necessary additions, such as internal wall painting, flooring, and blinds. Opting for a full turn-key package provides peace of mind, knowing that your home is truly ‘move-in ready.’ Once you receive the keys, you can either move in immediately or lease the property without the hassle of additional work.
What is included in a full turn-key house?
A full turn-key house package offers a comprehensive solution for homebuyers looking for a ready-to-move-in property. The package typically includes all the essential elements to ensure the home is fully functional, stylish, and up to code, such as:
- Fixed Site Costs: Covers all land-related costs and ensures the home complies with local building regulations.
- Building Permit: The necessary legal document for construction.
- Driveway and Footpath: Fully paved, along with landscaping to complement the property’s aesthetics.
- Featured Front Facades: Attractive exterior designs to enhance curb appeal.
- Full Fencing: Ensures privacy and security around the property.
- Ducted Heating: A whole-house system for even warmth.
- Split System Cooling: Alternatively, evaporative cooling can be installed to manage summer temperatures.
- Remote-Controlled Garage: Offers convenience and security.
- Fibre Optic Readiness for NBN: Ensures the home is ready for high-speed internet.
- Window Furnishings and Flyscreens: Includes blinds, curtains, or shutters, plus screens to protect against pests.
- Fully Fitted Flooring: Carpets, timber floors, or tiles, depending on the buyer’s choice and style.
- Stone Benchtops: High-end kitchen and bathroom finishes.
- Stainless Steel Kitchen Appliances: Includes oven, cooktop, rangehood, and dishwasher.
- LED Lighting: Energy-efficient lighting throughout the home.
- Alarm System or Security Features: Optional, for added peace of mind.
- Alfresco Area: Outdoor space designed for entertaining or relaxation (optional).
- Clothesline and Letterbox: Functional outdoor features to complete the home.
This type of package is ideal for buyers who want a hassle-free, turnkey solution with no further work needed after settlement.
Why is a full turn-key house easier to finance?
A full turn-key home is generally easier to obtain a loan for because it is a completed and fixed-price asset. Banks and lenders prefer financing fully completed homes, as they provide security for the loan. In contrast, owner-built properties come with uncertainties that make lenders hesitant, as an unfinished home does not provide adequate collateral in case of default.
Is a full turn-key house worth it?
A full turn-key house and land package offers excellent value, providing a stress-free experience for buyers. Some key benefits include:
- Fixed pricing—no unexpected cost increases during construction.
- Quality assurance—homes are built to a high standard with all essential fixtures and fittings included.
- Simplified borrowing process—banks clearly understand the required loan amount and recognize the property as a complete asset.
- Move-in readiness—no need to worry about post-construction expenses for driveways, landscaping, or essential fittings.
How much deposit is needed for a full turn-key?
For a brand-new home, buyers typically need a 5% deposit of the total purchase price. If purchasing an off-the-plan land package, no additional payments are required until construction begins. However, the build cannot commence until the land is titled.
For example, for a $350,000 house, a 5% deposit would be $17,500.
What is not Included in a full turn-key price?
While most builders offer similar inclusions, some minor differences exist. For example, one builder may include an alarm system while another may offer evaporative cooling. However, most full turn-key packages do not cover:
- Stamp duties
- Government registration fees
- Conveyancing and solicitor fees
- Loan application fees
- Mortgage registration fees
How long does it take to build a full turn-key house?
The construction of a full turn-key home generally takes three-four months after obtaining the building permit. However, it can take up to six months due to factors such as weather conditions, material supply delays, or buyer-requested changes to the design.
Before construction begins, two essential steps must be completed:
- Land titling—the house can only be built once the land has been titled.
- Building permit approval—the builder submits this application on your behalf, which can take three to six weeks, depending on the local council.
What’s next?
If you’re interested in learning more about building a home, we’d love to assist you. Contact us today for expert guidance on your property journey.
For additional insights, check out our YouTube channel and Market Insights, where we provide valuable information on property investment and homeownership.
Visit us at: www.crestproperty.net.au
While we strive to ensure the accuracy of this information at the time of publication, changes in legislation and circumstances may impact its relevance. For the latest details, please contact us directly.
February 2025
