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What Does ‘Move-In Ready’ Really Mean in House Sales?

Posted: June 23, 2023 at 12:24 pm / by / comments (0)

When scrolling through house listings, it’s not uncommon to encounter the term “move-in ready”. To the uninitiated, it may sound like a broad catchphrase with little tangible meaning. However, in real estate parlance, it carries substantial weight. In essence, a “move-in ready” house is one where the buyer can comfortably move in without needing to undertake significant renovations or repairs.

Source: Unsplash

It’s a place where one could imagine living from the moment they step inside.

The Fundamentals of “Move-In Ready”

A move-in ready home is much more than just a swept floor and a fresh coat of paint – it typically meets the following criteria:

  1. Necessary Repairs and Updates: Crucial home systems such as the plumbing, electrical, and HVAC are in good working condition. There is no immediate need for repair or replacement.
  2. Functional Appliances: Appliances such as the refrigerator, stove, oven, washer, and dryer (if included in the sale) are in good working order.
  3. Up-to-date Décor: While this can be subjective, generally, the home’s aesthetics aren’t dated. Floors, walls, countertops, and fixtures usually reflect modern tastes.
  4. Code Compliance: The home is in compliance with local building codes and regulations, including aspects such as insulation, structural integrity, and safety standards.

While “move-in ready” homes often command a higher asking price, many buyers are willing to pay more for the convenience of not having to plan and oversee significant renovations or upgrades immediately after purchase.

The Importance of Compliance

In Australia, for instance, one of the critical aspects of home compliance is pool safety, especially in places like Boroondara where pools are prevalent. Each state has specific regulations and standards for home pool safety, and sellers are responsible for ensuring their properties are up to code before selling. In Boroondara, homeowners can ensure their pools meet the necessary safety standards by scheduling pool fence inspections in Boroondara.

These inspections not only contribute to the safety of the potential new homeowner, especially those with young children, but they also reinforce the “move-in ready” status of the property.

The Hidden Benefits of “Move-In Ready”

While the term might seem like realtor-speak at first glance, “move-in ready” homes offer several benefits for both sellers and buyers.

  • For sellers, it can mean a faster sale and potentially a higher sales price. A home in excellent condition is attractive to potential buyers, and those who are not interested in taking on a fixer-upper may be willing to pay a premium for a property where no immediate work is required.
  • For buyers, purchasing a “move-in ready” home often means less stress, fewer out-of-pocket costs after closing, and the ability to focus on settling into their new home instead of worrying about repairs or renovations.

“Move-in ready” is much more than a buzzword in the real estate world

It’s a promise of convenience, safety, and peace of mind for new homeowners. Whether you are a seller preparing your home for the market, or a buyer looking for the perfect new residence, understanding what “move-in ready” entails can make your real estate journey smoother and more rewarding.

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