Turkeydar Real Estates is going to talk about the most common mistakes that should be avoided when buying a residential property in Turkey, whether the property is for housing or for investment.
• Buying real estate in suburbs: One of the most common mistakes is buying a property outside the city, especially in the suburbs, in order to buy it with lower prices. If you have enough money, then it is better to buy a property in the city center in order to benefit from the infrastructure and services that are higher quality in cities. But in Turkey there are many suburbs that include services and infrastructure at the same level as cities, so if there is not enough money to buy from the cities, the investor must choose one of the suburbs close to the city, with good services, whether for housing or for rent .
- Focusing on cheap services: Many investors think that choosing residential properties with lower service costs is better than those properties that provide better services at a slightly higher cost, such as residential compound. It should be noted here that the services provided at a lower price are of lower quality as well, and therefore The property returns are lower for the investor.
• Neglecting the location factor: Some investors think that choosing an apartment with good and even excellent specifications, but with an inappropriate location, would be better in order to save a larger amount of money for the location. Here, it should be noted that one of the most important factors in determining the price of the property and determining its returns is the location, as the property with an excellent location will reflect better returns and investment for its owner.
• Dealing with unlicensed real estate brokers: Many investors fall into the trap of fraud as a real estate consultant, as he may be a real consultant, but is not licensed by the Turkish government, so we recommend dealing with reputable real estate companies or a real estate consultant licensed exclusively by the Turkish government.
• Choosing an old property to renovate: Investors think that buying and renovating an old property is a profitable investment, ignoring that the price of the property depends on its age as well. Old properties do not have the features of modern properties, and renovating them to match modern properties costs creating a completely new property, so it is not recommended By buying an old property to invest in its renovation and resale, there are many modern projects in Turkey that include great features that real estate investors everywhere want.
