By using the term ‘shell condition’, one is essentially referring to the interior condition of the property.
Are bare shell properties cheaper?
On the contrary, bare shell properties can be expensive. Tenants who go in for bare shell properties usually do so, to have the flexibility to re-design the space as per their liking, requirement and style. Hence, they may end up spending more.
Do the terms bare shell and warm shell apply to residential properties?
You may have heard the term warm shell office space or bare shell office space but yes, the same jargons apply to residential real estate also. Most investors may, however, refer to these as unfurnished, semi-furnished or fully-furnished properties.
