Real Estate

What “Move-In Ready” Actually Means

publishedJun 27, 2018
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If you’ve ever been confused about the meaning of the phrase “move-in ready” when looking at houses and apartments, you’re not alone. According to the following four real estate professionals, there aremultipleacceptable interpretations of this phrase. So to prevent miscommunication and unmet expectations with your agent, it’s best to clarify what “move-in ready” means to them. Here, the four common definitions of the phrase move-in ready—make sure you know which one you’re expecting (and which one your agent is using).

Interpretation 1: No major renovations are needed.

Sometimes, move-in ready means that the home is in such great shape that a buyer shouldn’t have to make structural renovations, says Claire Groome, an agent atWarburg Realtyin New York City. “My clients who want move-in ready don’t mind changing countertops or appliances or wallpaper; they don’t want to go through the board or through the city for permits to change bathrooms, kitchens, or layouts.” She recalls one client who had been through so many renos that she couldn’t stomach another one. All she wanted to do was bring her toothbrush and her decorator and be done with it.

Interpretation 2: No aesthetic changes are needed.

不w renovations shouldn’t be necessary in a move-in ready unit, agrees Gill A. Chowdhury, who also works withWarburg Realty. But he goes further to say that move-in ready implies that buyers shouldn’t have to makeanyaesthetic changes at all. Fixtures, appliances, and finishes should be modern and up-to-date and the walls should be freshly painted.

Interpretation 3: The home is habitable, even if it’s not up-to-date.

入学再保险ady can also simply mean that a home is habitable and prepared to house residents, regardless of renovations or new amenities, says JJ Choi, an agent withTriplemintreal estate in New York City. “The decor could be from the 1950s and a place could still be move-in ready,” she says.

Interpretation 4: The pre-closing walk-through checklist has been completed.

Another meaning of the phrase contends that a home is move-in ready once the checklist created during the pre-closing walk-through has been completed, says Choi. Items on the list include verifying that plumbing, electricity, and appliances are in working condition; that the home has been cleaned and painted; and that the locks have been changed, says Erik Heitz, anotherTriplemintagent.