Your goal of the real estate investment in Turkey will not be achieved unless it is thoughtful and continuous
10 Tips for Real Estate Investment in Turkey
- Finding the right property
The main rule and the most important thing is that the real estate investment in Turkey is done properly, and it is certainly not as complicated as we imagine. It is enough to find the right property in the right place with the required specifications for example, the property in the city center, close to public transport.. Etc.
- Set your goal accurately
When we make real estate investments in Turkey for the first time, it is necessary that the number of properties we buy according to our capabilities and limited budget.
Perhaps the important point in the advantages of investment in Turkey is that there are many offers to buy in installments without interest regardless of your choice you must use common sense, there is certainly a relationship between the location of the property you want to buy and the segment that will accept the rental. For example, Studio will be required to rent from the student segment, especially if it is in the city center, and a large property will be required to rent from families .. Etc.
- Search well and visit different sites
You have to visit different properties in different locations and places, because the right choice will be the reason for the success of real estate investment in Turkey, and the search method can be confusing at first, especially since the search methods are many, such as searching through the Internet, newspapers or real estate agencies and real estate companies.
- Search tirelessly
Try to find out how attractive the city or neighborhood where real estate offers are viewed. The factors that attract people are simple: work, schools, universities and a good reputation of the region or neighborhood.
Try to know more about the quality of the infrastructure in the place of purchase, and is it well managed by the municipality? It is advisable to focus on cities that are experiencing a large economic and tourist movement.
- Search by people and acquaintances
Try to ask and discuss everyone you know about the location of the property chosen, and try to imagine how the neighborhood will be after 10 years. Whether if it will witness an urban renaissance? Is there a continuous development movement? Are services increasing day by day? As in most neighborhoods of Istanbul.
- Focus on the proximity of the property to public facilities
Shops, schools, and public transport are the three most important elements that help you, and you should consider them when buying your property because they will play a role in determining the value of monthly rent, and the turnout. Consequently, this factor is essential indispensable, and in the absence of these things, try looking for another property.
- Buy a property close to where you live
This criterion is simple, but we have made a special point. The alternative is buying property in Turkey, and in a certain place, we know well, for two reasons:
First, you buy in a place you know and tell people about it.
Second, in case of any problem, you can intervene immediately.
If you live in another country, you can assign a company or agency to manage this property. There are many examples of successful remote management.
- First investments
You have to know that you will learn many new things from the first investment, so you need to be vigilant when selecting a real estate agent and notary, and if you are in a country that does not speak your language and you do not master the language you should hire a reliable translator from your side.
- Don’t be emotional and do a detailed analysis of the Property specifications
Study the specifications of the property rationally, and the best way to do this is to create a table on Excel to include the most important features of the property in Turkey and its disadvantages.
Try to analyze the property in all its aspects without ignoring any element in it. If you find a problem, it does not mean that it is a reason to cancel the purchase, but it may be a reason to negotiate the price at the very least, and if it is a minor defect, you can fix it.
In general, the tenant will be less demanding than the buyer, a point you should remember and consider.
- Make profit calculations that you will make
Do the calculation of the expected profit, the amount of taxes you will pay, and everything you might see in the future so that you don’t be surprised by anything that comes out of the blue. It is up to you to calculate the price you can offer based on the return you want, so you should know the value of the rents in the area and neighborhood, and make sure it is real.
And at last if you want information in more detail you can visit imtilak website and read more, they even can help you to decide which area and what property in turkey will be better for you.
The original article in this link
https://turkey.imtilak.net/en/articles/10tips-realestate-investment-turkey
and if you want to see what projects in turkey will fit for you can visit this link and see detailed projects and property’s for sale in turkey.https://istanbul.imtilak.net/en/apartments-for-sale-istanbul
mohannad blog 