Turnkey ROI

maryland turnkey animation

Why Baltimore, MD?

Baltimore, MD is located about 40 minutes north of Washington DC and 2 hours south of Philadelphia. Interstate 95 runs through the town and will connect you to the entire eastern seaboard. The economy in the area is steadily growing, with 69% of households having an annual income greater than $50K with 30% of households exceeding $100K in annual income.

In Maryland, the median home sale price increased by 4% to $293,930 compared to 2017 sales. In 2018, 19% of the homes sold in Maryland were priced under $150,000, 38% of the homes sold were priced between $150,00-$300,000, 42% of the homes sold were priced at $300,000+. The overall rental vacancy rate is estimated at 4.3 percent, down from 7.2 percent in 2010. During the 3-year forecast period, demand is expected for 2,500 new market-rate rental units.

The Maryland Metro Market is home to four Fortune 500 Companies including Lockheed Martin, Marriott International, Discovery Communications, and Host Hotels and Resorts. Some of the other well-known companies with offices in the area include Amazon, McCormick, Under Armour, Domino Sugar, and Johns Hopkins Medicine, to young technology and biotech companies.

Purchasing a turnkey investment property in Baltimore, MD has very high-income potential. When you work with the professionals at CR of Maryland you won’t have to worry about a thing. We handle everything throughout the process from acquisition, renovations, repairs, and screening tenants. Our property management company will even manage things on your behalf so all you have to do is kick back and collect your rent each month.

Our Standards

We have exceptionally high standards for the properties we sell. As such, the properties will generally appreciate much more quickly, while attracting high-quality renters in the area. A typical scope of work will include:

Exterior 

  • New architectural shingle roof OR new EPDM rubber roof
  • All new vinyl replacement windows
  • New exterior doors on front and both rear doorways
  • New aluminum wrap on exterior windows/doors
  • New oversized gutters and downspouts
  • New exterior light fixtures
  • New mailbox
  • Power wash all exterior brick, stairs & sidewalk, point up as needed
  • Landscape exterior of home with basic mulch beds, plantings
  • Includes removal of significant overgrowth

Entire House 

  • New HVAC system with new modern ductwork
  • All electrical and plumbing brought up to current code under permit
  • All new switches, GFCI’s, outlets, and light fixtures
  • New smoke detectors and CO detectors per current code
  • New drywall installed, finished, painted
  • Refinish and paint walls, ceilings, trim, and doors
  • New interior doors and hardware
  • New interior base, door, and window trim/casing where applicable

Main Level 

  • Refinished hardwood flooring or new LVP flooring
  • New modern lighting
  • New quartz countertops
  • New modern shaker style cabinets with soft close doors/drawers
  • New stainless-steel appliances including:
    • Dishwasher
    • Gas stove/oven
    • Microwave
    • Refrigerator
    • New stainless-steel sink
    • New brushed nickel faucet

Bedrooms 

  • Refinish hardwood flooring OR New LVP flooring
  • New modern lighting
  • Replace all closet shelving with modern systems

Bathrooms

  • New LVP flooring OR New sheet vinyl flooring OR New tile flooring
  • New vanity and top with brushed nickel fixtures
  • New tub/shower and surround
  • New toilet
  • New towel/toilet paper holder

Lower Level 

  • New waterproof carpet OR New LVP flooring
  • New framing, insulation, and drywall OR Unfinished walls/ceiling painted
  • New modern lighting
  • New washer and dryer
  • New washer supply/drain box and supply lines
  • New dryer vent to exterior per code

As you can see, we don’t cut any corners when renovating the property. This means you will be able to both sell and rent it out for more.

Learn more about the turnkey ROI we can offer you! (443) 798-2281