This type of investment allows the buyer to get a ready-made property to move into. You may want to make changes to this, but you can't change the decorations too often. In addition, it is possible to completely finish the apartment, except for external additions that can be made: suspended ceilings, separation of rooms, October paintings and wallpaper on the walls.
After all these steps, the investor reaches a crossroads to choose between short-term and long-term investments, the apartment of the first type is sold again after adding the cost-profit ratio spent on Decking and furniture.
The second type (long-term) is a rental suitable for location, regional characteristics and used furniture, it can be rented with an annual rent that allows increasing the rent once a year. According to the Turkish state, according to the annual inflation rate.
Both types allow the investor to make changes to his apartment and sell or rent it as purchased, but without taking advantage of the profit that can be made if the first method is followed.- Real estate under construction / under construction
Some investors believe that buying a property off-the-plan or at the beginning of construction will bring more profit than ready-made real estate.
The vision is correct, but if you hire a construction company with a Decently good reputation and a proven real estate track record in this area, you will not experience delivery delays and discrepancies between the details of the contracted apartment and the apartment during delivery, and vice versa. Yes, investors may experience fewer losses or gains in the future than expected.
The purchase of properties that have not yet been built or are just starting out. Prices are much lower compared to ready-made real estate. This is a well-known fact in the Turkish real estate market. Because the investor pays for his apartment and waits. The term is in the range of 2 or 3 years (this is the average known term for the construction of residential complexes in Turkey).
For example, let's assume that apartment prices in some projects and certain areas start at 300 thousand euros for apartments that are still being planned, investors will buy the apartments in cash or in installments and wait. If you look at the price of the apartment, it was 500,000 or 600,000 euros in a few years until the construction was completed.
October pays 100% profit, in addition, it is allowed to make additional changes to the apartment and the plot that were not there when the plan was created, pay the difference in cash, and it is also possible to negotiate with the construction company. More prices for apartments.Investing in ready-made real estate or real estate under construction is considered a successful investment, provided that you are new and knowledgeable and ask and question the best construction companies in Turkey that you are recommended to work with.
