Many real estate investors feel lost when buying a property in Turkey, there are many projects under construction and also a lot of properties ready to move or even for rent, but which is better financially, in other words, when the investor is confused between a property under construction and another is ready and at the same price, which one thy must choose?? This is the topic of our article today
Under construction real estates go through three stages:
1- If the project is still on the plans only and working on it has not started
2- The project was established and the construction company started the finishing phase
3- The construction company started finishing the apartments, but it has not yet been delivered
Ready-to-move-in property: It is clear that it is ready to receive its owners, and even the building may include other residents.
The under construction property is sold after the completion of its finishing at a price that exceeds its original price by 20-35%, and it may reach up to 40%, depending on the stage in which the property owner purchased it.
As for the ready-made property, it is sold at the same price at which it was purchased, but if there is a project near your apartment, then the price can be raised by a small percentage.
The under construction property iowner can not use it or invest it while it is still under construction. Even the construction companies request the buyer not to sell it until the completion of working on it.
The ready-to-move-in property can be used to live for yourself or others, sell it after a while or even rent it.
The under construction property does not have full ownership, as it is an easement property, and this is a risk for the buyer. Here, it should be noted that when buying an under construction property ,it is better to buy it from a reputable company, in order not to fall into the trap of fraud of small companies.
The ready property is often fully titled.
