“Turnkey” essentially means that everything is completed by the contractor, and you just have to turn the key and move in.
However, the contractor only builds what is explicitly stated in the contract and the scope of work, even though there may be some technicalities that could require them to deliver more, but that is rare. Anyone choosing a turnkey build must know exactly what they want and agree on this precisely in the contract. Later changes can potentially become expensive.
Regards
However, the contractor only builds what is explicitly stated in the contract and the scope of work, even though there may be some technicalities that could require them to deliver more, but that is rare. Anyone choosing a turnkey build must know exactly what they want and agree on this precisely in the contract. Later changes can potentially become expensive.
Regards
Hello everyone,
First of all, it should be noted that, as far as I know, there is no legally binding definition for the term "turnkey." A judge would probably have a different view on the term "ready to move in."
Therefore, it depends on what is included in the contract and the specifications of the respective turnkey provider. For example, it might be the case that all connections (water, sewage, electricity, gas, telephone, etc., including all related work) are not included in the offer price, and the sewage pipe only extends half a meter (1.5 feet) out of the foundation.
In such cases, I strongly advise extreme caution. If necessary, consult a specialist construction lawyer, as a layperson will likely be overwhelmed. There are many dishonest operators in this field. Additionally, having a building constructed by a turnkey provider can involve unexpected and serious drawbacks, even risks, that could prove very costly for the homebuyer.
Here are just a few key points to keep in mind: Very important—never make advance payments; pay only according to construction progress! But who verifies this? Who exactly (which tradespeople) will carry out the work on the new home, and at what price? Who supervises this work? If some work is to be done by the owner, will I actually be reimbursed for the real costs? Could I get the same work done by another tradesperson for the same price? What happens if the turnkey builder files for bankruptcy during the construction period?
I hope I have not unsettled you too much but have still been able to help a little.
Best regards
First of all, it should be noted that, as far as I know, there is no legally binding definition for the term "turnkey." A judge would probably have a different view on the term "ready to move in."
Therefore, it depends on what is included in the contract and the specifications of the respective turnkey provider. For example, it might be the case that all connections (water, sewage, electricity, gas, telephone, etc., including all related work) are not included in the offer price, and the sewage pipe only extends half a meter (1.5 feet) out of the foundation.
In such cases, I strongly advise extreme caution. If necessary, consult a specialist construction lawyer, as a layperson will likely be overwhelmed. There are many dishonest operators in this field. Additionally, having a building constructed by a turnkey provider can involve unexpected and serious drawbacks, even risks, that could prove very costly for the homebuyer.
Here are just a few key points to keep in mind: Very important—never make advance payments; pay only according to construction progress! But who verifies this? Who exactly (which tradespeople) will carry out the work on the new home, and at what price? Who supervises this work? If some work is to be done by the owner, will I actually be reimbursed for the real costs? Could I get the same work done by another tradesperson for the same price? What happens if the turnkey builder files for bankruptcy during the construction period?
I hope I have not unsettled you too much but have still been able to help a little.
Best regards
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