Many advantages when buying real estate under construction in Turkey
When it comes to buying a property on the territory of the Republic of Turkey, the process of choosing real estate under construction in Turkey stands out as an impressive option that attracts the attention of investors and buyers and this category of real estate is full of attractive features that enhance its attractiveness and make it an excellent investment option.
Through projects under construction in Turkey, the buyer enjoys many advantages that provide him with opportunities to obtain good returns and make full use of his investment, so let's find out about these advantages by reading on.
Get these benefits when you buy off-plan properties in Turkey:
1. With the pace of construction escalating, the price of the property will gradually rise, enabling the investor to obtain a good profit margin upon completion of construction work and receiving the keys.
2. The investment value of the property in Turkey increases significantly when it is ready for delivery, which makes it a good opportunity to obtain a high return on investment.
3. Purchasing the property in the offer stage gives the investor the opportunity to make adjustments and changes to the divisions of the apartment and to select interior decorations according to his needs and desires.
4. The executing companies provide flexible payment options, as a down payment can be paid between 30% and 50%, and the rest in convenient installments
5. Construction companies usually offer deep discounts to cash investors.
6. The investor can sell the property to the construction company before the completion of the construction work and achieve a good profit margin.
7. Once the construction work is completed and the real estate ownership is transferred, the investor can sell the property to any buyer and achieve a high profit return.
8. After receiving the apartment in Turkey, its value can be raised more and more by adding decorations or distinctive furnishings, and then reselling it at a higher price.
9. Many real estate projects in Turkey have prime locations and great views of the surrounding areas.
10. New and prestigious real estate projects in Turkey offer many facilities and services
Tips before buying real estate under construction in Turkey:
1. Buy real estate under construction in Turkey as soon as the construction company offers it, because the delay may lead to a significant increase in unit prices.
2. Choose the property accurately in terms of specifications and location, as this will greatly affect the importance of the property and its price in the future.
3. Try to make the first installment of the installments large, as this will contribute to reducing the monthly value of the installments on the property.
4. Do not rush to sell the property after purchasing it, but study the market well and take enough time before making a decision.
5. When you start your investment project, which is still under construction, be sure to choose high-quality specifications in terms of location, view, and surrounding services.
6. Developing a well-thought-out investment plan will help you avoid obstacles and pitfalls that you may encounter during the investment process.
7. Since Turkey is witnessing great investment growth, you must be aware of and respect Turkish real estate laws.
8. This type of projects is available in various parts of Turkey and is considered one of the projects that are in great demand by investors.
9. In addition to the down payment, construction companies may find flexibility in other payments depending on the needs of the investor.
10. Investors may be offered additional benefits such as discounts and marketing promotions when purchasing an off-plan property in Turkey.
11. Choose a reliable and licensed real estate company, or a guaranteed project from the construction companies that enjoy the government guarantee.
12. A field visit to the construction site to inspect the properties under construction in Turkey and to see all their details directly.
13. Ensure that the terms of the sales contract include all agreed upon details, including the quality and type of cladding.
14. Pay the price of the property under construction in Turkey in segmented payments to guarantee your rights in the event of a default by the construction company.
15. Inspect the property thoroughly upon receipt and ensure that it is free from defects, including the interior finishes.
16. Ensure that the property conforms to the agreed specifications, and in the event of a shortage in the content, you have the right to refuse receipt.
Which is better to buy real estate under construction in Türkiye or ready?
Here is a comparison between buying real estate under construction in Turkey and ready real estate:
Advantages of buying real estate under construction:
1. You can choose the design of the property and customize it according to your needs and taste
2. The value of real estate in Turkey can increase with the progress of the construction and development process.
3. Construction companies usually offer flexible payment plans to buyers, which makes it easy to pay in multiple installments.
Disadvantages of buying real estate under construction:
1. You must wait for the completion of construction and receipt of the property.
2. It can be difficult to accurately assess the end result before the property is completed.
3. The buyer may face risks such as construction delays or design changes.
Advantages of buying ready real estate in Turkey:
1. You can be assured about the specifications and quality of the property, as you can actually view it.
2. You can move into the property and start using it immediately.
3. You can negotiate the price and conditions before buying a property in Turkey.
Disadvantages of buying ready real estate in Turkey:
1. The price of the ready property may be higher than the price of the property under construction.
2. Allotment may be limited due to the property being ready for sale.
Common questions:
Is there a waiting period to obtain the property after the completion of construction?
Yes, you must wait until the property is completed and all legal procedures are completed.
Can I sell the property under construction before receiving it?
Some developers may agree to sell the property in the construction phase before receiving it.
Are there good investment opportunities in buying a property under construction in Turkey ?
Yes, buying an under-construction property in Turkey can offer investment opportunities and increase its value after completion.
Related articles:
