How to Find the Perfect Move-In-Ready Home

Move-in-ready homes offer an easy transition. Home buyers don’t have to worry about new home construction or the stress and hassle associated with purchasing a property that needs work.

Instead of immediate repairs or upgrades, buyers can focus on settling in and making the space their own through design and decor choices. This immediate livability makes move-in-ready homes attractive, particularly for first-time buyers, busy professionals, and families eager to relocate without delay.

A move-in ready home can also bring financial benefits. While the initial cost may be higher compared to a fixer-upper, the long-term savings on repairs and renovations can be substantial. Every renovation brings an element of unknown and potential hidden costs. Modern amenities and recent upgrades often found in move-in ready homes mean fewer out-of-pocket expenses (such as lower utility costs) after the purchase. For many, buying a fully renovated or new construction home translates to better budget management from day one.

In this article, we will explore what qualifies a home as move-in ready, the benefits of buying such properties, and practical steps to start your search.

What is a Move-In-Ready Home?

A move-in ready home is a property that is in a condition suitable for immediate occupancy without the need for significant repairs or renovations. These include-

New Construction Homes

Brand new homes are properties that have never been lived in before. They are built to modern standards and codes, usually offering the latest in design, materials, and technology. Buyers like a new construction house because it often comes with a home warranty that covers elements like structure and appliances.

Newly Renovated Homes

Most move-in ready homes are those that have been newly renovated, either by a previous homeowner or house flipper. These properties have undergone recent updates and improvements, often featuring modern design elements and upgraded systems. Examples include homes with new kitchens, stainless steel appliances, granite countertops, contemporary bathrooms, and living spaces with fresh paint and new flooring.

Renovated homes can be built ten years ago or two hundred years ago. While newly renovated homes may not be new construction, they feel “like new” or need very little work by the next buyer. These properties often attract buyers looking for the latest trends and conveniences without the hassle of managing a renovation themselves.

Well-Maintained Homes

Move-in ready homes don’t necessarily have to be new construction homes or recently renovated. For many homebuyers, a move-in ready home can also be one that has been well taken care of by its previous residents. They aren’t looking for the latest in design or untouched paint but a house that has been well-maintained and meets the demands of their household.

These properties may not have the latest upgrades but exhibit signs of regular maintenance, such as clean and functioning HVAC systems, intact roofing, and well-kept landscaping. While they may have some older features, well-maintained homes don’t need immediate repairs. An example is a 10-year-old home with original features that are still in excellent condition due to upkeep by the previous owners.

Importance of Home Inspections and Certifications

Regardless of whether a home is newly renovated, well-maintained, or new construction, homebuyers paying a premium should insist on a home inspection. You want to confirm the property’s marketed condition and identify any potential defects.

A thorough home inspection assesses the property’s structural integrity, ensuring there are no hidden issues that could cause problems down the line.

If you’re buying a home that claims to be move-in ready, it’s best to have the property inspected. Inspectors check critical areas such as the foundation, roofing, plumbing, electrical systems, and HVAC units. Even new construction can have building defects that buyers may want repaired before finalizing their purchase. Identifying potential issues before closing can save buyers from unexpected expenses and stress.

Benefits of Buying a Move-In-Ready House

Buying a move-in ready house usually means that you’re paying a premium because these types of properties demand the most competition from homebuyers because they are looking for convenience.

So, what benefits do homebuyers get when buying a move-in ready home?

Immediate Occupancy

One of the most significant benefits of buying a move-in ready home is the ability to move in immediately. There’s no waiting for renovations to be completed or dealing with temporary housing. Immediate occupancy appeals to families with kids in school or professionals relocating for work.

Reduced Initial or Long-Term Costs

In some situations, renovating a home can save you money, especially if you take on the work yourself. However, renovations usually come in over budget. Once owners start opening walls or adding design elements, costs can quickly grow.

Move-in ready homes eliminate the need for extensive initial repairs or renovations, which can be costly and difficult to estimate. Buyers avoid the unexpected expenses often associated with fixing up a home and can stick to their defined budget.

Minimal Stress

While doing your own renovations and updates gives you the ability to fully customize, the work and decisions create a considerable amount of stress. The process of moving can be stressful enough without the added burden of managing renovations.

Move-in ready homes allow buyers to settle in quickly and comfortably without the disruption of ongoing construction projects.

Modern Amenities

Modern amenities can be the features and elements that you see, but what you don’t see but experience. Move-in-ready homes often come equipped with the latest amenities and upgrades, from energy-efficient appliances to smart home technologies.

These modern features not only enhance the comfort and convenience of the home but can also lead to long-term savings on utilities and maintenance.

Better Financing Options

When buying a house, most homebuyers don’t think about the condition of the property as being a factor in getting financing; except it is. Lenders often view move-in ready homes more favorably because they pose less risk than fixer-uppers. This can translate to better financing options for buyers, such as lower interest rates and more favorable loan terms.

Additionally, move-in ready homes are more likely to appraise at or above the purchase price, removing an added element of stress.

Resale Value

Homes that are updated and well cared for tend to hold their value better than dated properties. A home that is move-in-ready today will likely stay in good condition for several years with minimal added work.

Buyers can often sell these properties more quickly and at higher prices, as the next set of buyers will also appreciate the convenience and modern features as much as they did. This higher resale value with minimal effort can be crucial for those considering future real estate investments or who expect to move in a few years.

Start Your Search for a Move-In-Ready Home

Finding that perfect turnkey property is possible with the right strategy and know-how. Follow these simple steps to streamline the process and find your ideal move-in-ready property.

Step 1: Hire a Real Estate Agent

Finding a move-in-ready home (without overpaying) requires an experienced guide. The right real estate agent will prove invaluable, leveraging their knowledge of the local market to target options that truly fit the bill. They identify listings with the key features, updates, and amenities you require so you don’t waste time on homes needing major renovations. Furthermore, their expert eye helps you identify potential red flags that may lead to more work than you are willing to take on.

To find the best real estate agent in your area, start with FastExpert. FastExpert connects you with top-rated professionals who have the experience and local market knowledge to guide you every step of the way. Start your journey to finding the perfect home with the right agent.

Step 2: Establish Your Criteria

Before you start touring homes, make a list of what you want and need in your new place. Factors like location, size, layout, amenities, and special features should all be considered. This will help you zero in on options that fit the bill and avoid wasting time on properties you won’t buy.

Step 3: Set Your Budget

Your budget needs to go beyond just the purchase price. Be sure to factor in closing costs, inspection fees, appraisal costs, and other transactional expenses. And don’t forget to allocate funds for minor renovations or personal touches you may want to add, like fresh paint colors, or upgraded fixtures and finishes. The truth is that no home is ever completely perfect from day one. Having a comprehensive budget that includes these extra costs will give you a true sense of what you can afford. 

Where to Look for Move-In Ready Homes

With so many homes on the market, finding one that’s truly move-in ready can feel like searching for a needle in a haystack. But you can streamline your search by looking in the right places. Here are some of the top sources for discovering move-in-ready listings.

Online Real Estate Platforms

Today’s home buyers do much of their initial searching online. Be sure to utilize the major real estate websites and apps like Zillow, Realtor.com, and Redfin which offer robust search filters to help you find move-in ready homes with your preferred features.

Enable filters for keywords to find the right type of property. Some keywords to use include:

• Turnkey
• Updated
• Move-in-ready
• New kitchen

Location filters are also useful – search within a radius of your preferred school district or neighborhood if schools and commute time are priorities.

Local Listings

Don’t overlook old-school listings sources like local newspapers and real estate magazines. These often contain exclusive listings (before they hit big national websites) and off-market properties. Comb through classified sections for possible hidden gems. 

Ask Your Real Estate Agent About Off-Market Properties

Ask your real estate agent about off-market listings to get a leg up on the competition. These homes are not yet publicly listed on MLS but will be soon. Off-market deals allow you to get ahead of the competition and potentially negotiate a good price before wider marketing. 

Get matched with a top real estate agent at FastExpert who can connect you with off-market opportunities in your local area to help you find your dream home.

Evaluating Properties

When you find a home marketed as move-in ready, don’t take the seller’s word at face value. These updated homes often come at a premium price point, so you want to verify that the property truly delivers the turnkey experience you expect. Take steps to thoroughly evaluate both the home itself and the surrounding neighborhood before making an offer.

Home Inspections

A professional home inspection is essential to confirm a home is structurally and mechanically sound. Hire a professional to carefully inspect the roof, foundation, electrical systems, plumbing, HVAC, and all other structural and mechanical elements. A thorough inspection will validate the home’s move-in ready status across critical maintenance areas.

Neighborhood Research

Along with the home inspection, you need to research the surrounding neighborhood. Visit at different times of day to evaluate noise levels, traffic, safety, and walkability. Research online school ratings if education is important, but remember that school ratings will also impact future resale value.

Search city data and online reviews for insight into the vibe and livability of the area. Being able to walk to parks, shops, and restaurants may be a priority. Make sure the neighborhood aligns with your lifestyle before making a decision.

Making an Offer

The competition between buyers when purchasing a move-in ready home can be fierce due to their high demand and appealing convenience. By working with your real estate agent, you need to craft a compelling offer, and negotiate effectively to secure the best possible deal.

Some strategies to implement when making an initial offer on a move-in ready home and entering a potential bidding war include:

• Make sure you are pre-approved and that your pre-approval letter is up-to-date (they usually expire after 90 days).
• Have data on your side by getting a comparative market report from your real estate agent. This will help you understand the property’s approximate market value when compared to recently realized sales.
• Start with a strong offer. If other offers are coming in and you want to be included in the negotiation process, make sure your offer is strong to capture the seller’s attention. While you don’t want to overpay, your offer price and terms should be competitive based on your market research.
• Consider an escalation clause. An escalation clause automatically increases your offer by a set amount if other higher bids are received, up to a maximum limit.
• Be flexible on closing dates and offer to work within the seller’s timeline. Some sellers need more time to move or purchase another home, while others are looking or a fast sale. If possible, offer to work within their time restraints.

Your first offer may not be accepted, but that doesn’t mean you have lost the property. It’s common to enter a period of negotiation with sellers and their agents.

Here are some tips for negotiating with sellers:

• Emphasize factors that make you an attractive buyer, such as a large down payment, a pre-approval letter, or the ability to close quickly. Personal touches, like a letter explaining why you love the home, can also create a positive impression.
• Be prepared to offer more than the asking price if the market is competitive and you see the value in the property.
• Ask for a home warranty to ensure that the home is truly move-in ready. If the seller doesn’t want to pay for the warranty, know that it’s always an option for buyers to pay for their own home warranty. A home warranty can help cover potential repairs for major systems and appliances during your first year of ownership.
• Keep your emotions in check and remain objective. Focus on your budget and the home’s value, and be prepared to walk away if the terms don’t meet your requirements.

Closing the Deal

Once your offer on a move-in ready home is accepted, you’ll enter the closing period leading up to taking ownership. This typically takes 30-45 days from the acceptance of the offer to the closing day when you receive the keys.

Here’s what to anticipate:

• Contract signing: Buyer and seller agree on terms, buyer provides deposit.
• Title and insurance: Title company verifies ownership and issues title insurance.
• Financing: Buyer applies for mortgage, gets appraisal, and loan approval.
• Inspections: Inspector(s) check property and provides detailed report.
• Review: Buyer reviews inspection and may request repairs.
• Final financing: Lender finalizes loan, buyer signs documents.
• Closing preparations: Title company gathers final documents and performs final title search.
• Closing day: Ownership transfers; buyer receives keys..

Your agent, lawyer, and lender streamline this process to ensure no critical steps are missed. Be prepared to hand over any requested documentation in a timely fashion to avoid delays.

Start Your Move-In Ready Home Search Today

Finding a move-in ready home that meets your needs requires patience and diligence, but there are many advantages. Buyers get maximum livability, minimal maintenance, and better control of their ongoing expenses.

As you search, rely on real estate and legal professionals to guide you through the evaluation, offer, and closing processes. They will ensure you find and secure the right home for your needs and lifestyle. 

The perfect move-in ready home is out there waiting for you. Start your search today by finding a local real estate agent with FastExpert. Get connected with top real estate agents, lenders, inspectors, and other professionals who will provide insights and services tailored to you.