how a turnkey property is used to generate revenue
the purchase of turnkey property is expected to allow the new buyer to make it available for tenants immediately by acquiring real estate that requires little to no refurbishment the intent is to quickly generate revenue through renting the property as quickly as possible the extent of the work necessary to bring a residence to turnkey status can include replacement of electrical fixtures repairs to plumbing fresh paint for the interior and fixes to the flooring where necessary the shorter the turnaround to rent the property the faster the new buyer may start seeing a return on their investment the effectiveness and worth of fully renovating a home or other dwelling may be questioned if the goal is to put the property up for sale rather than for rent the expenses that may be put toward repairs and say fresh paint might not be a selling point as prospective buyers could want to make alterations to the property that could include tearing out or doing away with the very refurbishment done by the current owner also the money spent making those repairs will likely increase the asking price of the seller in some instances particularly for selling a residence it may be more efficient to see that repairs are done that bring the building up to code but little more 