Consider these when buying a home.
In the beginning, the factors that should be paid attention to the home buyers are
the features such as location and building age,
The common feature of the houses that will gain value in a short time is that
they are located in a developing region,
When the house for sale is in a central and busy spot, its price increases even
more,
Considering the long-term, those who buy a house from a central point increase
their earnings even more over time,
The demand for busy residences is always higher than the flats in Sapa or rundown areas. Due to the dense housing stock in urban transformation areas, there
are attractively priced residences for buyers in these areas,
Budget-friendly options should be evaluated in order to avoid financial
problems,
The house to be purchased must comply with the earthquake regulation,
It is of great importance for those who will buy a house to follow the real estate
indices in order to benefit from the most affordable prices.
Where can we buy a house in Istanbul?
It is possible to buy housing at affordable prices in districts such as Sancaktepe,
Esenyurt, Çekmeköy, Beylikdüzü, Kartal, Pendik, Tuzla, and many
neighborhoods of Kadıköy in Istanbul.
Eyüp, where the number of housing projects has increased rapidly in recent
years, Mecidiyeköy-Alibeyköy-Mahmutbey metro line, Eyüp-Bayrampaşa tram
line, Eminönü-Eyüp-Alibeyköy (around the Golden Horn) tram line, İncirliEdirnekapı-Gayrettepe metro line, Gayrettepe-Kemerburgaz 3.Airport Rail Its
system, Vezneciler-Sultançiftliği-Arnavutköy metro line and Eminönü-FatihEyüp-Bayrampaşa metro line continue to make a premium.
Where to buy a house outside of Istanbul?
When we take a look at the provinces other than Istanbul, we see that especially
İzmir makes a high premium. Hürriyet Emlak index data shows that İzmir-
Menderes with 40%, Bursa-İznik with 37%, and Antalya-Aksu with 32% are at
the top of the districts that earned the most in 2018. These three districts are
followed by Foça with 28% and Güzelbahçe with an increase of 27% in İzmir.
In Antalya, Alanya is one of the districts with the highest premium after Aksu,
with an increase of 25%.
In Ankara, the district with the highest premium is Polatlı with 21%, Akyurt is
in the second place with a premium rate of 17%, and Keçiören is in the third
place with a premium rate of 10%.
Focus on the Local Market
Istanbul has 39 districts and hundreds of neighborhoods, each with another
unique feature. These regions, which have many sales points, offer much more
options for the housing market.
Some of the districts and neighborhoods offer a rich portfolio of apartment
living, while others offer ultra-luxury villa living. Investors purchasing
properties for rent should also look for properties with rich transportation
facilities located in tourist centers in the city. Investors should evaluate all
possibilities by looking at crowded places that are suitable for family life or
unusual, where tourism and nightlife are intense. If you determine the reasons
for your purchase well, it will be much easier to find the most suitable option for
your investment.
Examine the deed of the house!
This is an issue that should be considered not only for investment purposes but
also for those who buy housing for living. It is necessary to examine the legal
status of the house. In other words, is the title deed of the house condominium or
condominium servitude? You must know the answers to these questions.
Pay attention to the condition of the land.
If the house’s land is in a water basin or earthquake zone, it may cause problems
in the future because it would be difficult to sell a house on such a plot. Even
when it is sold, its value may not reach the expected figures.
Be a good researcher.
Investing in real estate requires being a good researcher. Whatever type of real
estate you invest in, the regions that will shine should be a priority. Such regions
always bring profit to the investor. It is important to learn how the housing sales
and rental values in the area where you plan to invest have followed over the
years.
A square meter of the house
The square meter of a house bought for investment is, of course, necessary.
However, in recent years, there has been an interest in homes with small square
meters. These types of residences are bought and sold for investment purposes,
and it is even easier to find tenants.
Find out your dues
You should definitely find out the dues of the house you are considering buying.
Because renting a house with high dues can be difficult.
Calculate the rent multiplier
The return of the money you give for the investment, that is, the amortization
period is important. If you get back the amount you used for the investment in
20 years, it is not a profitable investment. Therefore, you should choose houses
with high rental income. So be sure to consider the rent multiplier. For this, you
need to divide the annual rental income of the house by the sales price.
The location of the house is important.
Please pay attention to the location of the house and the development of the area
in which it is located. Prefer houses that are open to development and have
transportation facilities. The value of such houses increases, and the rental
income is high.
What should those who want to rent out the house they bought for real estate
investment immediately and earn rental income in a short time? The common
feature of the residences, which can be rented as soon as possible at the best
price, is the advantage of transportation. Another feature that is as effective as
the ease of transportation is the presence of a hospital, school, and park in its
immediate vicinity.
Be careful when buying a model or earthen house!
Buying a house from the ground or from a model can be advantageous in terms
of price. Thus, when the project is finished, it achieves a certain value increase.
However, there is a possibility that such investments carry risks, and when the
project is completed, it is completed as you expected.
Manage your budget correctly.
You will buy a first-hand apartment from the housing project. You are faced
with many payment and campaign options. When deciding between the options,
do not take action without making a study according to your budget and how
you will plan your payments when you rent the apartment you bought.
If they have social facilities…
Having various social facilities of a house increases its value. Today, such
features are demanded when buying a house. Social facilities, on the other hand,
are valid for the apartments located within the site or the housing projects. It is
important to have such an advantage when selling the house in the future