Based on our own experience and numerous reviews of expats who have decided to buy a house in Turkey, we have come to some disappointing conclusions that people tend to make mistakes. Of course, in the context of the issue of immigration, mistakes are unacceptable and it is much better to prevent them than to admit them.
Mistake No. 1 – define the purpose of buying a real estate
For example, you dream of your own villa on the Mediterranean coast for relaxation, but you plan to permanently reside in your country. This implies the purchase of any property at a reasonable and affordable price for you, as well as without global nit-picking about infrastructure, remoteness, wall thickness, heat and sound insulation of rooms, and heating.
The second option is the choice of apartments for renting out and making a profit. Here it is important to take into account the infrastructure of the complex, its proximity to the sea coast, and the availability of shopping centers and entertainment facilities.
Bottom line – decide on your priorities and desires, and only then set the task for the manager of a real estate agency.
Mistake No. 2 – the desire to buy an apartment in Turkey cheaply
Are you sure that this is the right decision and you will not feel a bitter disappointment later? The low price of real estate in Turkey always attracts buyers. However, it can be either an act of an agency/developer or a problematic living space. The second situation is:
- the property was put into operation 30-40 years ago;
- construction was carried out quickly, but in violation of European seismic safety standards and construction technology;
- communication systems have long worn out and require a complete replacement.
Living in such a house will not only be uncomfortable but also dangerous. You will have to invest a lot in its repair, which will lead to high costs much higher than buying a finished modern facility directly from the developer. For example, by purchasing an apartment in a modern Antalya complex for USD 110,000, you can apply for a residence permit, and subsequently for citizenship. Also, this option is beneficial for renting housing and subsequent sale at a much higher rate.
Mistake No. 3 – choosing the wrong intermediary
Such a problem is very relevant due to people’s well-established belief that “all people are brothers and never lie.” Of course, this does not apply to the younger generation, but older people often take their word for it, not bothering to check the business reputation of a real estate agency.
To buy an apartment in Antalya, Istanbul, or any Turkish city and not get a “pig in a poke”, we advise you to choose your intermediary especially carefully:
- impeccable reputation and work experience are very important in this matter;
- look at the reviews of real customers and the relationship between the agency and the developer;
- study the company’s website, in the absence of which it is better to contact another realtor.
Also, the experts advise you to buy property in Turkey with partial or full furnishings, which will significantly reduce your costs for the purchase, delivery of furniture, and interior design in the future.
Mistake No. 4 – selection of non-liquid real estate
Before the transaction, it is necessary to assess the liquidity of the acquired housing, not excluding its possible sale in the future.
To do this, you need to find out how much secondary properties cost in the selected area and residential complex. The choice of region is also very important in determining future liquidity.
Here are some other things that are vital while choosing a housing and making the best out of it, whether you will live there by yourself, or rent it our in the future.
Turkey is characterized by the construction of multi-storey residential complexes, which are equipped with their own internal infrastructure. Single high-rise buildings are rare here. The infrastructure of the complex has a significant impact on the cost of apartments. The more extras, the higher is the price. Having only a swimming pool and parking will ensure a low cost proposal. If there is a sauna, a gym, playgrounds, a hammam, a beauty salon and other amenities, the price will be higher, but the level of comfort will increase incomparably. Therefore, each buyer needs to find the optimal balance between the set of desirable services provided by the internal infrastructure and the purchase budget. Also, do not forget that the infrastructure affects not only the purchase price of the property, but also determines the amount of the obligatory payment of aidat.
- View from the window
Dealing with this factor is quite simple. You just need to decide whether an attractive view from the window is important to you, or whether it does not matter. You will have to pay extra for the opportunity to admire the sea or mountains.
- Urgency of sale
If you are planning a purchase on the secondary market and want to save money, choose offers marked “urgent”. Urgent sales always leave room for the buyer to maneuver in terms of price reduction. After all, if the seller is more interested in selling, he will make concessions.
Real estate in Turkey
If you are ready to buy residential or commercial property in Turkey, but do not know what to choose, and also dream of moving to a southern state for permanent residence, opening a bank account, and becoming a successful entrepreneur, Turk.Estate specialists are ready to discuss all these issues with you today.
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