Things to Consider When Buying an Apartment in Türkiye for Investment Purposes

Many people who want to buy a property in Turkey, especially when buying an apartment, wonder whether the investment will pay off in it, whether by renting it with the aim of recovering the capital or by selling it when its price rises. In order for the investment goal to be achieved and to be successful, some sensitive matters must undoubtedly be taken into account and not ignored. In this article, we will discuss the most important things that must be taken into consideration when buying an apartment in Turkey for the purpose of investment, so that the investor ultimately reaps the greatest return that can be achieved from this investment.

What does an investment apartment or apartment for investment mean?

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An investment apartment is defined as the process of purchasing a residential apartment with a certain investment value with the aim of selling it when its price rises or renting it monthly with the aim of obtaining a monthly return.

Advantages of buying an apartment for investment:

There are many advantages to buying an apartment for investment purposes. It is highly likely that the value of the apartment will double after investing it within a certain period, or the demand for renting it will increase and the rental value will be high.
Real estate investment is more profitable, and the guarantee of selling it when needed is stronger, due to the increased desire to own this type of apartment. As for those whose goal of investment is rental; There is an increasing demand for renting this type of apartment by tourists and families living in the city, who are looking for a safe and comfortable place to stay.

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Disadvantages of buying an apartment for investment:

The matter is not without some negatives and disadvantages that can be associated with buying an apartment for the purpose of investment. There are disadvantages related to the tenant in the event of malfunctions in the apartment as a result of use by the tenant and the costs that must be paid for repairs and maintenance. However, the profit rate remains higher than the loss.

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What points should be taken into consideration when buying an apartment for investment purposes?

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There are many points to take into consideration, the most important of which are:

1. Apartment location:

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The location of the apartment to be purchased for the purpose of investment plays a very important role in the success of this investment. Whenever the location is in a lively area and close to various public transportation such as the metro, buses, etc., or in an area that will develop in the future, this will increase the value of the apartment, whether in terms of the rental value or the increase in its price. .

2. Apartment area:

The area of ​​the apartment affects the way it is rented. For example, if the goal of the purchased apartment is to rent it to a family, then you must think about a 1+2 or 1+3 apartment, that is, with a relatively large area. If the goal is to rent it to university students, then studio apartments are ideal for this, taking into account that the apartment is close to universities, which will greatly increase its rental value.

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3. Rent multiplier value or capital payback period:

This matter must be taken into consideration when buying an apartment for investment, because investing in high-rent areas brings a high rental return, and therefore the capital recovery period will be shorter. The shorter the period, the more successful and profitable your investment will be, and for this reason it is very important to find apartments. In high rent places. The capital recovery period is calculated by dividing the apartment price by the annual rental income.

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4. Age of the apartment:

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The age of the apartment is also one of the factors that you should pay attention to when  buying an apartment in Turkey  for the purpose of investment. A new apartment, for example, has a high rental income and does not require additional maintenance costs.

5. Good research before buying an apartment for investment:

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You must research well and carefully before purchasing an apartment for the purpose of investment. The location of the apartment and its surrounding areas are important factors, so it is best to consult a credible real estate company to receive advice from it if you do not know the area in which you intend to invest.

Have knowledge of the area in which you intend to invest.

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6. The status of the apartment to be purchased: is it a ready apartment or is it part of a project under construction?

If you buy an apartment in a project under construction, you must pay attention to the safety of the project and not give the full price of the apartment before its delivery date to avoid any fraud.

Conclusion:

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Buying  an apartment in Turkey  for the purpose of investment is undoubtedly a profitable project, but if some basic points are taken into account, such as the location of the apartment, its age, area, and condition, and whether it is a ready-made apartment or in a project under construction, as well as research carefully before making a purchase, it is preferable to consult a credible, reliable, and reputable real estate company. Good and also think about what is called the capital recovery period.

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Reference:  emlakjet.com

Edit:  damasturk