A turnkey, a turnkey project, or a turnkey operation is a type of project that is constructed so that it can be sold to any buyer as a completed product.

What does it mean when a house is turn key?

A turnkey property is a move-in ready home that doesn't require any major repairs or improvements before it is livable. ... In most cases, a turnkey property has already undergone all necessary updates, so it is likely to be significantly more expensive than a fixer-upper.

What is considered Turn Key?

Turn-key is a term used by listing agents in marketing remarks to indicate that the home is move-in ready. This means that all appliances are in working condition and there are no obvious structural or electrical issues with the home.