When it comes to the decision on buying a house in Istanbul, it can be hard to decide between whether it should be an under construction apartments or a ready to move apartments. Both of them have some advantages and disadvantages but the final decision depends on the wishes of the buyer.
Some buyers want to buy a ready to move apartments to live in or rent it out. Some buyers want an under construction apartments to resale and make profit from it. SO What type of apartment should you buy as a buyer? Let’s analyze the aspects of under construction apartments and ready to move apartments such as price, social facilities, level of risk, payment etc.
Ready To Move Apartments In Istanbul
Ready to move apartments are less risky compared to under construction apartments in Istanbul. Because the buyer can see what s/he is buying. Knowing what you buy is perhaps the biggest advantage of a ready to move apartments. Because the construction phase is completed, buyers don’t need to wait to move or rent the apartment. There are no risks such as delays or changes in the apartments. If you want to move and live, you can move once you buy the house. If you want to benefit from the rent income, you can find a tenant right away.
One of the biggest disadvantages of the ready to move apartments in Istanbul is the high price. There is huge price differentiation between a ready to move apartments and under construction apartments. If you want to buy a ready apartment, your payment should be ready also. This kind of apartment type is not suitable for investment purposes, because you can’t make good profit when you resale the apartment.
Under Construction Apartments In Istanbul
Under construction apartments in Istanbul are always a good idea for the investors. Once the construction phase is done, the price of the apartment can even go to double. It is all about finding good locations and analyzing the locations very well. Most of the buyers have some hesitations about the under construction apartments because there can be delays in the delivery times. Or the completed apartment can be different from the apartment which they saw on the brochure. So should you trust an investment in an under construction apartments?
To remove your hesitations, you should look into the construction company. Let’s say you find an under construction apartments, and the price is good. You can even pay the house price with installments. Once it is finished, you can sell the apartment and make profit from it. Or you can start living in your apartment. It seems like a great plan right? But you have some doubts about the delivery date, social facilities, and other features. What should you do?
Look at the construction company. See their previous projects, references. Search them and make sure that you can fully trust the construction company. In this way, you can remove your hesitations.
THE FINAL DECISION
To sum up, both of them have advantages and disadvantages. To choose between a ready to move apartments in Istanbul and under construction apartments in Istanbul, first you should choose your goal. What do you want as a buyer? Do you want to buy that apartment to make profit or live in it? Maybe you just want an apartment as a second home.
Some foreigners want to buy an apartment to obtain Turkish Citizenship by Investment. Once you are sure about your goal,then decide on the payment method. Do you want to pay the price in cash or do you want installments? These questions and answers will show you the way of investment. To get help you can CONTACT US! Our expert sales team will give you detailed information about the investment plans. You can analyze the apartments for sale in Istanbul. In Istanbul there are many under construction apartments and ready to move apartments. Make your decision and start your living!