1_ Determine the budget for home purchase
2_Determine the needs of the household
3_ Determine the desired neighborhood and area
4_Select the requested property type (resident or normal)
5_ Elect desired options
6_ Obtain the average price of options
7_ Obtain the information and validate the options (deed, certificate of completion, accommodation)
8_Obtain the information about payment and purchase methods for the options
9_Know the best schedule for property purchase
10_The information for post-property purchase affairs
1_ Determine the budget for home purchase
One of the first measures a person or family should take to purchase a property in a city like Istanbul, which is itself a critical issue, is to consider and provide for an appropriate budget according to their needs.
Determining a budget is a topic that should be taken into consideration and makes it up to other important issues.
For budgeting, you should pay much attention to the type of family or person needs. The budget should be rationally determined and applicable to the desired work, in many cases observed that the budget has not been determined based on the needs. This has sometimes led to significant costs and losses for the purchase and investment applicant.
2_Determine the needs of the household
After the determining of budget, it is required to identify the needs of a family or person or an investor, which is crucial in its kind.
In this section, we provide information for a buyer that does not have information about a large city of Istanbul and wants to purchase and invest in this beautiful city. No doubt, the first and most key question that any real estate agency will ask from you before the dialogue is about your budget and the needs. Therefore, basic steps should be taken to identify your needs proportional to your budget.
You can easily achieve such information by inquiring the average price in different areas of Istanbul and classifying your needs and budgets.
3_ Determine the desired neighborhood and area
In the previous sections, we mentioned two important things before traveling to Istanbul to purchase or invest. It is required to choose and get information about the neighborhood in which we can purchase property. Considering the vastness of Istanbul and the great dispersion of this metropolis, this is also very important and vital.
Istanbul also has various neighborhoods that determine your accommodation budget. But based on your budget, there will definitely be neighborhoods that will be good for selection, and have many similar characteristics. This is important that get information about them before your visit to Istanbul.
Based on your research method and time you spend before traveling to Istanbul to purchase your desired house, you will get useful information for your stay in Istanbul.
After identifying several areas that are compatible with your budget, it is recommended to select two areas for yourself and conduct more detailed research on them.
4_Select the requested property type (resident or normal)
As we have mentioned in the previous sections, you now determined your budget and needs and chose the desired neighborhood based on the budget. You have succeeded in choosing the area from among the many options, and you should not forget this important step prior to purchase of a property in Istanbul.
Now we have to pay attention to what kind of property in our chosen neighborhood is available for purchase or investment.
There are two types of houses in Istanbul, the first is the normal houses, without facilities such as guards and common areas such as swimming pools and clubs, etc. and the other is relatively modern apartments that are inside residences or residential towns with all facilities available to you.
Of course, the type of your needs and the budget you have considered for purchase or investment and the region will allow you to purchase the house you want inside or outside of these towns.
In this section, the most important factor for you before traveling to Istanbul is to choose and know about the type of property that will help you a lot during your stay in Istanbul.
5_ Elect desired options
As mentioned about the measures before traveling to Istanbul to purchase a property, which we have reviewed them step by step, we have reached here that we have chosen the property of our choice, either a residence or a normal apartment.
If you decide to purchase the desired house in a residence or a town, it is better to choose a few of the towns that are compatible with your price range. This help you and facilitate your quest to purchase or invest into the right property during your stay in Istanbul.
This will save your time between multiple residences in the same area, and in addition, you will be more focused on your options.
For the normal apartment, it is usually not possible to choose and focus on your options before travel because your options are located in different alleys or in different conditions, and it is very difficult to manage the selection process compared to a residence. Therefore, it is recommended to choose such options only when you are in Istanbul.
6_ Obtain the average price of options
After the buyer has reached a consensus regarding the desired residences, by visiting and obtaining information about these residential complexes, you have now obtained sufficient information about their average prices at different levels. Then, you should consider the selected property and facilities, type of structure, common areas, access, location and make your purchase with an open mind when you come to purchase the desired unit.
After choosing a town or a residence or even a normal apartment, it is very important to get information and inquire about the price range of that town and the apartments in different floors and different sizes. This information will make it very easy for you to purchase your desired property.
7_ Obtain the information and validate the options (deed, certificate of completion, accommodation)
Relying on the information on available options, which is balanced both in terms of budget and our needs and in the desired area or the average price, the next step that should be given special attention is to collect necessary information on the quality of the apartments of that residence or the neighborhood where the normal apartment is located. In this section, the information that you should pay attention to is the title deed of the residential unit, whether it is issued for residence units or not, and if it is issued, the apartments in question have accommodation or no accommodation.
Accommodation status in the residential document is very important that is assigned to houses or residences that have been considered as completed by the municipality of their region.
It is required to follow these steps before traveling and to know the types of deed, the rest of the legal matters should be followed when you are in Istanbul.
8_Obtain the information about payment and purchase methods for the options
In the previous sections, we have mentioned important things about obtaining information for buying a property in Istanbul before traveling, each of which complements each other and can make a great purchase for you in the city of Istanbul if fully researched.
You should also consider the payment methods and the financial issues of the apartment you are looking for, which is very important. Due to the difficulty of transferring money from a foreign country to Turkey, you should decide on the best payment for the purchase of your desired house before traveling to Istanbul, Turkey, because not all houses for sale in Istanbul provide the same conditions for payment.
Therefore, before traveling to Istanbul and after choosing the area, neighborhood and residence and receiving information about the average price of that apartment, in the next step, you should definitely get enough information about the type of payment available, to avoid any unwanted problem during the purchase process.
9_Know the best schedule for property purchase
Previously, we have reached a consensus on how to identify the desired property before traveling to Istanbul and what information should be gathered. In addition, it is important to obtain information from the desired project for the schedule of money transfer and receiving the timing for deed transfer. This would be an important issue to be considered for purchase of a property in Istanbul.
After we have been informed how the amount should be paid, you should also obtain information about the time and time of deed transfer that the project or the landlord will determine for you. In some cases the seller does not give you much time to transfer money and transfer deeds due to financial needs, and if you don’t pay attention to this issue, you will face a lot of problems in the future.
10_The information for post-property purchase affairs
One of the pre-travel information for applicants who are thinking of investing and buying property is how to rent the purchased item after transferring the deed and benefit from it.
According to the current laws of Turkey, there is no restrictions on renting your purchased property and you can easily rent your house and benefit from it.
One thing that you should pay attention to before traveling to Istanbul is the amount of rent received for the desired house. You should do research about it before coming to Istanbul in order to purchase the property with sufficient information and its economic feasibility.
