Buying Turkish property under construction has many benefits; there are pros and cons, but the pros outweigh the cons every time. There is no denying that the chance to enter Turkey’s real estate world looks bright in the eyes of many foreigners who, when they go through the depths of this world in great detail, have puzzling questions.
Will I buy a property that is ready or pick a property under construction? What is the difference that we have prepared this article to address between a key ready property and a property under construction? There are many questions and we aim to give you the answers to your questions, and promote the process of acquiring the right property for sale in Turkey.
Your real estate agent
Your trusted real estate agent guides you around this vast world and discusses the legal and realistic foundations that prevent fraud or fraud from victimising you. This agent will be prepared to support you at any time with the guidance or service you need.
Many buyers are interested in buying ready-made property for sale in Turkey that has been developed and completed. A team of Turkish property searchers tends to look for Turkish apartments under construction and want to realise many of the advantages of buying a property from the gains under construction.
Pros of buying a Turkish property under construction
It seems to be a common investment choice among the pioneers of Turkey’s real estate market to purchase a property under construction. These properties are often cheaper than ready-made ones so that the buyer can select an apartment with better area and location requirements at a lower price.
The buyer can also decide his apartment’s requirements, choose the form and quality of finishes, and divide the house as he wishes. The purchasing of a building property is usually in installments that will make it easier for the buyer to buy safely over a period of time.
Cons of buying a Turkish property under construction
The downside to purchasing this form of property is that the buyer has frozen the money for a more extended period by first waiting for a long time before the property is delivered.
It is not without surprise that entering this form of purchase may be negative at the time of delivery. The buyer is surprised by the appearance of defects in construction or cladding that are not acceptable after completing the job, as this phase remains hypothetical. Without seeing it, you invest in a house.
Until receipt and completion of the building, do not pay the property’s full price but make timely payments for what was created. In government-guaranteed ventures, make sure you purchase from reputable and trustworthy real estate firms when choosing your property.
Before signing the contract, consult the real estate agent and other experts. Visit and inspect the property site on your own and make sure that this site is suitable for you, especially in proximity to means of transport and public services.
Protect your investment
Write down in the purchasing contract what you want to record and list all the information agreed upon in it, such as area, number of rooms, venue, price, payments, and date of delivery. To ensure your right, it is best to provide a penalty clause if the construction company delays the delivery of the property.
When you deliver the property, do not hesitate to object if you notice a shortage or violation of the conditions agreed between you and the building company.