Buy a property under construction in Turkey and enjoy these features
Among the many options offered by the real estate market in Turkey are the real estate that is still under construction, and it is the choice of many investors who want to enter the real estate sector to obtain a large profit in a short time, as well as cheaper than ready-made properties.
In this article, learn about the most important details related to real estate that is still under construction.
Due to many construction projects, Turkey has become one of the most popular countries to buy under construction properties and the reasons for this are many, but the most important of them are the following:
- The Turkish economy is very stable, which makes the purchase of property under construction a safe investment.
- The prices of properties under construction in Turkey are very reasonable, especially when compared to other countries in Europe.
- There is a wide range of off-plan properties available in Turkey, from small apartments to large villas.
- Turkey offers a wonderful way of life with its beautiful beaches, friendly people and delicious food.
If you are thinking of buying a property that is under construction, Turkey will surely be at the top of your list!
Learn about the most important tips that should be among your considerations when searching for apartments and real estate for sale in Turkey, especially if they are still under construction, including:
- Before you start looking for properties, it is important that you do your research and have a good understanding of the market. This will help you know what to expect in terms of prices and also give you an idea of the areas that are becoming more popular.
- When you are looking for a property, it is important that you find a good real estate agent who knows the market well and who will be able to help you find the right property as well as negotiate on your behalf.
- It is important to have a realistic budget in mind before you start looking for properties and this will help you narrow your search and only look at properties that are within your price range.
- Make sure to visit the development site, speak with the developer, and get all the information relevant to the project.
- If you plan to finance your purchases with a loan, be sure to shop and compare interest rates from different banks before making your decision.
- Make sure you have a contract that states everything that is agreed between you and the seller and this will protect you in case anything goes wrong in the line.
- Make sure you know exactly what you're getting into before you commit to anything. There are a lot of scams, so it's important to be well informed before making any decisions.
It is an exciting time to buy a property in Turkey as the country's popularity continues to grow as a tourist destination, and there are many new developments emerging to meet this demand. However, when it comes to buying a property that is still under construction, there are a few things you should keep in mind.
The first thing to consider is if the builder has a good reputation and there are many developers who move around at night and disappear as soon as they take your money, so make sure you do your research before handing over any money and it is also useful to check if the project is registered with the local authorities, This will give you some protection if something goes wrong.
Another important consideration is whether the construction company has proper insurance that will cover you in the event of any accidents or damage to your property during the construction process.
Finally, make sure you have a good attorney who can review the contract before you sign anything as this is important to protect your interests and ensure that you are not responsible for any hidden costs or clauses that may cause problems in the future.
Despite all the advantages that you will find when buying real estate that is still under construction, there are many people who do not prefer buying it and choose ready-to-move-in properties without it, as it is safer for some, and here are some details:
- One of its biggest advantages is that you can move in right away and this is ideal if you need to move for business or personal reasons and don't have time to wait for a new construction project to be completed.
- Their prices are often lower than new construction projects and this is because developers are looking to make quick sales and are willing to sell at a discount in order to do so.
What you see is what you get. There are no hidden costs or unexpected fees associated with the purchase This contrasts with new construction projects where buyers often have to pay extra for things like landscaping or maintenance.
If you choose to buy a ready-made property, some negative aspects may appear, including:
- One of the biggest disadvantages of buying ready-to-move property is your inability to control the build quality and the building company may lower the standards set in order to save money and this can affect the quality of your home.
- When you buy ready-to-move-in properties, you are limited to properties that are currently on the market and may not find the perfect home and may have to compromise on certain aspects such as location, size or layout.
- The images you see online or in brochures may not be an accurate representation of the actual property.
- Even if the property looks good in the pictures, the build quality may not be up to international standards.
- The developer usually sets the price of ready-to-move properties and it is not negotiable.
- Be sure to ask and account for any hidden costs such as monthly maintenance fees, taxes and utility bills.
- It is very important that you do your homework and research the developer's past projects and make sure they have a good track record and have kept their promises in the past.
The best investment opportunities in Turkey you will find with us. Just tell our advisors what suits you, and leave the helm to us as we take the task of finding what suits you, we offer you advice that helps you choose, we take over real estate management and help you invest it.
WHY MUST YOU CHOOSE BINAA REAL ESTATE COMPANY AS A COMPANION IN YOUR REAL ESTATE INVESTMENT JOURNEY IN TURKEY?!
- It is partnering with the most trusted and successful construction companies in the construction of buildings and residential complexes in Turkey.
- Take your hand to choose the right property.
- It assists its clients in the procedures for obtaining real estate residence, Turkish citizenship, and Turkish passport.
-Signing contracts and required papers and legally ratifying them.
- Our motto is seriousness and credibility in dealing to ensure our clients successful real estate investment in Turkey.
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