Disadvantages of buying a property in Türkiye
Buying a property in Turkey can have various advantages, including the potential for a beautiful vacation home or investment opportunity. However, the purchase may have disadvantages. Therefore, in this article from Ebla Real Estate, we will talk about the disadvantages of buying a property in Türkiye.
Disadvantages of buying a property in Türkiye:
Like any real estate purchase, there are disadvantages that you should consider before making a decision of buying a property in Türkiye. Some of them are:
Choosing an Inappropriate Property:
The basis for the success of any real estate ownership in Turkey is defining your goal of buying a property in order to choose the appropriate property that matches your perceptions and capabilities. It is known that the goals of buying a property in Turkey are many, including obtaining citizenship, investment, residency, tourism investment, and so on.
One of the key pitfalls that buyers might encounter is selecting an inappropriate property. This could involve failing to consider essential factors such as location, accessibility, proximity to amenities, and potential rental income. It’s crucial to thoroughly research and assess your needs and goals before committing to a purchase.
Buying a Property Under Construction from an Unknown Construction Company:
Purchasing a property that’s still under construction can be a risky endeavor, particularly if the construction company lacks a reputable track record. There’s a potential for delays, subpar construction quality, or even financial issues that could leave your investment in jeopardy.
Receiving a Property That Does Not Conform to the Specifications:
One of the disadvantages of buying a property in Türkiye is that you may buy a property based on a set of specifications and promises, only to find out that the finished product doesn’t match what you were initially shown. This can lead to disappointment and legal disputes. It’s essential to have a clear and legally binding agreement in place that outlines the expected specifications and features of the property.
Late Delivery of Property:
Delay possession is one of the most common issues. In most cases, the project got delayed due to various reasons. That can be frustrating for buyers, especially those who are planning to use the property for specific purposes or as a source of rental income.
Buying an Old Property:
Buying an old property may have many disadvantages. Maintenance costs can be higher, and there might be hidden issues that surface after purchase, requiring costly repairs. It’s vital to conduct a thorough inspection and possibly even renovation before finalizing the purchase of an older property.
Thus, we talked about the disadvantages of buying a property in Türkiye.
Edited by: Ebla Group Real Estate
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