Buying a property under construction in Turkey… a winning deal

When thinking about buying a property in Turkey, a person may be confused between going to a ready-made house or a house under construction,

In general, the properties under construction in Turkey are still popular among investors as the buyer gets much more options than the completed properties.

It is known that buying a property in Turkey or anywhere in the world during the construction process means obtaining it at a lower price than buying it after the completion of construction.

Some residential properties may increase their price by 20% upon delivery of the project compared to the price during construction, and some investment properties can increase their price by more than 100% upon handover compared to the price at the beginning of construction.

That is, as the construction progresses, the price of your property also increases, which means that the value of the property will rise at the time you receive it.

Important things to consider while investing in a property under construction in Turkey

We have mentioned that investing or buying a property under construction in Turkey is a profitable deal for you, but in order for this deal to be guaranteed also pay attention to the following things

Location:

The required location should be determined according to the buyer’s requirements. The location of the real estate in Turkey must be economically future-oriented and have strong growth fundamentals.

It is also important to remember that a higher appreciation or rent, from an investment perspective, has a lot to do with the progress of construction and surrounding infrastructure.

Modifications and customization to the scheme:

During the construction phase, the property buyer in Turkey can modify the floor plans according to his convenience and change the various specifications to suit the requirements of his investment or home

The possibility of designing the property:

Real estate under construction in Turkey offers many options unlike ready-made properties or resale properties.

Where one can choose between high or low floor, preferred view from balcony/window, any kind of customization or alteration one might want in the house e.g. kitchen walls to be tiled etc.

And as is customary in Turkey real estate, when buying a ready-made apartment, it is fully prepared and furnished so that the buyer can learn about the quality of materials used in construction for walls and floors, kitchen and bathroom ceramics, in addition to the heating and cooling system, smart apartment control system, and finally the electrical tools and appliances that will be Delivered upon completion of the project, but this is also possible when purchasing a property under construction with the ability to restructure the decoration and interior design, in addition to supervising the selection of these materials.

Higher profit:

In addition to the advantages of buying properties under construction in Turkey, the buyer also benefits from the high prices depending on the progress of the construction process of the property and the development of the surrounding infrastructure so that this leads to an increase in the value of the property and thus increases the return.

Reputation of construction companies in Turkey:

Buying a property is always a calculated decision made by an individual, and buying a property in Turkey is usually the biggest check a person makes in his or her life. Therefore, property buyers prefer to deal with a well-known construction company with a proven track record of trust.

Buyers should check for project reviews and previous projects by the construction company to understand the proportions.

All information related to the persons associated with the project, such as developer, guidelines, banks, etc., must be obtained to check for quality, feasibility or delays in possession. It is always advisable to invest with a reputable company with a proven track record even if the property price is higher

The congruence between the offered apartment you saw during construction and the apartment you received upon completion of the project has a positive relationship with the construction company itself in terms of reputation in the market, the number of completed projects, and the accuracy of their delivery.

On the other hand, real estate investment in Turkey requires a relatively large capital, and therefore if we talk about small and medium businessmen, this investment constitutes a financial payment that is not simple for them, and therefore the delay in delivering the project beyond the specified time means a loss of time, and time I mean money for the investor, even if the problem is limited to delay only, this can be accepted, but what if the project was not delivered originally, which is another reason to choose the construction company carefully