Under Construction Property or Ready to Move Property in Bursa, which is better?
Under construction property or ready to move property in Bursa. Deciding between under construction property and ready-to-move-in property in Bursa can significantly impact your investment and living experience. Each option has its advantages and disadvantages, and the best choice depends on your individual needs, financial situation, and long-term goals. In this article from Ebla Real Estate, we will talk about if it is better to buy under construction property or ready to move property in Bursa.
Under Construction Property or Ready to Move Property in Bursa, which is better?
Under construction property or ready to move property in Bursa. Both options offer unique benefits and potential drawbacks, so it’s essential to weigh these factors carefully to make the best decision for your circumstances.
Cons of under-construction property in Bursa:
An under-construction property is likely to cost less than ready-to-move-in properties so it is an opportunity to save money.
Moreover, as the construction work in progress, the cost of your property also increases
Thus, the property under construction in Bursa is an investment opportunity since you are buying your property at a lower cost and the percentage of profits increases as real estate prices increase every year in Bursa.
Furthermore, buying a property under construction in Bursa is a good option for those who do not have enough money to buy a ready-to-move-in property.
That is because the buyers wishing to buy under construction real estate, they can pay by installments or by cash.
In addition, the buyer has the option to specify the specifications of his apartment and choose the type and quality of the finishes.
Pros of under-construction property in Bursa:
Delay possession is one of the most common issues related to under-construction projects. In most cases, the project got delayed due to various reasons and in this situation, the buyers face the consequences.
Moreover, the increased cost of property is a common problem faced by the people who book under-construction property. If the project got delayed for even two years, the builder may ask for increased cost for the property.
In addition, those wishing to obtain Turkish citizenship cannot apply for it until they pay the full amount and get the title deed.
Anyway, those wishing to buy a property under construction can avoid all these problems by assigning an accredited legal real estate company like (Ebla Real Estate Company in Bursa).
Cons of ready-to-move-in property in Bursa:
The buyer can instantly move into the new house and immediately can get the title deed.
Moreover, there are no risks of delayed possession.
Furthermore, the buyer can see and inspect the final outcome.
Additionally, ready-to-move real estate is the best option for those wishing to buy a property in Bursa in order to obtain Turkish citizenship in case the price of this property fulfills the conditions for obtaining Turkish citizenship through real estate ownership.
Pros of ready-to-move-in property in Bursa:
Buying a ready-to-move-in property might not always ensure you a new home.
Moreover, buying a ready-to-move-in property in Bursa reduces the chances of choosing the property features, location and the view.
Furthermore, buying a ready-to-move-in property in Bursa requires paying the full amount in order to obtain the title deed of the property (the Tapu). Thus, this may be a problem for some who do not have enough money.
Is it better to buy under construction property or ready to move property in Bursa?
In conclusion, under construction property in Bursa is better for investors looking for lower entry prices, customization options, and potential appreciation. It’s ideal if you are willing to wait and can handle the risk of construction delays.
Ready to move property in Bursa is the best for immediate occupancy needs, established amenities, and reduced financial stress from double payments. It suits buyers who prefer certainty and can afford the higher initial cost.
This was the most important information about if it is better to buy under construction property or ready to move property in Bursa.
Edited by: Ebla Group Real Estate
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