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What is a Turnkey Investment Property?

Written by Reuben Welsh | Jun 7, 2023 4:57:55 AM



A turnkey investment property refers to a fully renovated or newly constructed property that is ready for immediate occupancy or rental. The term "turnkey" derives from the idea that the property is ready to be "turned" over to the investor, requiring minimal effort or involvement on their part. It is a popular option for landlords and property investors who seek a convenient and hands-off approach to acquiring rental properties.

Adding Value

Whilst turnkey property investments require little or no time, you also miss the opportunity to add value to the property. With My Build Pro, you have a building contractor which can help you renovate, refurbish and extend your property investments - but keeping it 'turnkey.'

My Build Pro's Turnkey Building Services

My Build Pro is a professional building services company that specialises in property refurbishment, extensions, and HMO conversions for landlords and property investors. Our turnkey solution is designed to provide a comprehensive and hassle-free experience for clients, taking care of every aspect of the project from start to finish.

Professional Project Management

One key aspect of My Build Pro's turnkey solution is their professional project management services. They have a team of experienced project managers who oversee the entire project, ensuring efficient coordination between different trades, managing timelines, and maintaining quality standards. This relieves landlords and property investors of the burden of project management and allows them to focus on other aspects of their investment strategy.

Architectural Design and Interior Design

My Build Pro offers architectural design services, helping clients optimise the layout and functionality of their properties. Whether it's a property refurbishment, extension, or HMO conversion, their team of architects can provide creative and practical designs tailored to the client's objectives and budget.

In addition, My Build Pro's turnkey solution includes interior design services. Their interior design team can assist clients in selecting finishes, fixtures, and furnishings that enhance the property's appeal and market value. This attention to detail ensures that the property is aesthetically pleasing and ready for immediate occupancy or rental.

Furnishing

To further simplify the process for hands-off property investors, My Build Pro offers furnishing services as part of their turnkey solution. They can source and provide furniture packages specifically curated for rental properties, taking into account durability, functionality, and style.

Benefits Turnkey Property Investment 

Opting for a turnkey investment property, such as the solutions provided by My Build Pro, offers several advantages to landlords and property investors:

  1. Time and Effort Savings: With a turnkey solution, investors can avoid the time-consuming tasks of finding contractors, managing the construction process, and overseeing multiple trades. The entire process is handled by professionals, saving significant time and effort.
  2. Streamlined Experience: My Build Pro's turnkey solution ensures a streamlined experience from start to finish. From initial design concepts to final furnishing, all aspects are carefully managed and coordinated, providing peace of mind to investors.
  3. Quality Assurance: With professional project management and expertise in building services, the quality of workmanship and materials used in the property's construction or renovation is closely monitored. This ensures a high standard of craftsmanship and reduces the risk of costly issues down the line.
  4. Market-Ready Properties: Turnkey investment properties are designed to meet market demands, taking into consideration tenant preferences and rental trends. This increases the likelihood of attracting tenants quickly and achieving favourable rental returns.

A turnkey investment property offers landlords and property investors a convenient and comprehensive solution for property acquisition and management. My Build Pro's turnkey solution, with its professional project management, architectural design, interior design, furnishing, and consultancy services, provides a hassle-free experience. By leveraging their expertise, investors can save time, ensure quality, and have market-ready properties ready for immediate occupancy or rental.