Real Estate Investment Tips

Real Estate Investment Tips: The Reason behind All Success in Business and Life is Following Tips From Guru Or An Expert. Always Seek the best practices & Share your experience. Use Our Tips As A Guide For successful Real Estate Investments.

All The Best

M.Y.S

Real Estate Investment Tips N 1: Stay Calm

Keep your attention on the present.

Tap into your intuition.

Easing negative emotions.

Real Estate Investment Tips N 2: Buy A Property Pay Later

Invest In Real Estate Turkey

What Do You Know About Investing In Real Estate Turkey?

How To Start Investing In Real Estate Turkey?

Buy A Property Pay Later

Rent Out The Property

Replicate

About Investing In Real Estate Turkey

Real Estate Investment Tips N 3: Want To Be Financially Secure? Buy A House By Forbes

1. Mortgage payments can be fixed

Average rental prices have seen significant jumps over recent decades, increasing 22.3%.

2. Equity in your home can be a financial resource later

Paying off a mortgage during your working years allows you to remove a large expense from your plate during retirement.

3. You can build wealth without paying capital gains

Depending on the housing market and where you buy, there’s always a chance your home won’t appreciate in value.

4. A mortgage can act as a forced savings account

For those who haven’t made a habit of putting money away, paying a mortgage can create a savings cushion that renting cannot.

5. Overall, homeowners can enjoy greater wealth growth than renters

Research conducted by the Joint Center for Housing Studies at Harvard University

Growing convinced of the financial benefits of buying over renting? Share your thoughts in the comments!

Real Estate Investment Tips N 4: Buying Home In Turkey Costs’

Buying Home In Turkey Costs’ are low. foreigners will be pleasantly surprised at how much money they can keep in their pocket. As always though, it is wise to know before you start the process of the additional expenses that will arise from legal procedures, as well as tax and service fees.

Appraisal Report Fee

Appraisal report showing the value of the property is obligatory before the title deed transfer in sales done to foreigners. The cost of the SPK validated appraisal report is approximately 1.500 TL depending on the city and features of the property. Buyers pay this fee directly to the SPK validated expert. Completion of the valuation report lasts 2 – 3 days.

Title Deed (Tapu) Transfer Fees

The General Directorate of Land Registry and Cadastre carries out the conveyance procedure. Both the buyer and seller must be present unless either side has given power of attorney for the final signature.

4% of the declared value of the property must be paid to the title deed office, as conveyance tax. Buyer pays Title Deed Conveyance tax as customs. There are several costs and taxes roughly 2.500 Turkish Lira which are;

• Passport translation at Notary (300 TL for each person additionally)
• Address document translation at Notary for opening a bank account
• Sworn translator
• Power of attorney (optional)
• Obtaining a tax number
• Photos
• Cadastre Tax (Tapu Kadastro Harcı)

Additionally, the Land Registry and Cadastre Directorate also charge one-time processing fees, Circulating Capital (Döner Sermaye Harcı) of approximately 400 TL.

Real Estate Agent Fee

According to the regulation, the real estate agent fee is 2% + VAT of the sales price and this rate is charged to the buyer. Since some sellers assume the finder’s fee to make their portfolios more attractive, the buyer commission does not appear in many of our properties.

When you check out properties for sale on our website, some properties show Estate Agency Fee is included and some properties show 2% Estate Agency Fee is demanded. It totally depends on the property sellers choice.

Lawyer Expenses

We have a sales agreements prepared by our company lawyers. We do our job with zero failure since 2004. We are experts in real estate sales to foreigners and title deed transfer. Your money is under Antalya Homes expertise guarantee and experience. Our customers who prefer us do not need a lawyer.

However, since the citizenship process is more intricate, we recommend that you complete your process with a lawyer. We provide a list of several independent English speaking lawyers for you to choose from. The lawyer fee for this procedure is an average of 1.750 USD + 18% VAT.

Property Tax (Emlak Vergisi)

Property Tax is paid every year and is 0,2% in metropolitan municipalities and 0,1% in non-metropolitan areas. The tax rate of commercial properties is 0,4% in urban districts and 0,2% in non-metropolitan areas.

The tax is used by the government to fund water and sewer improvements, provide law enforcement and fire service and other items deemed necessary.

Property and Earthquake Insurance

Earthquake insurance (DASK) is compulsory in Turkey and is calculated on a square meterage basis. Risks that may arise from fire, explosion, tsunami or landslide during and after an earthquake are under Mandatory Earthquake Insurance. Fee varies between 150 TL to 250 TL (depends on m2).

Property insurance provides protection against most risks to property, such as fire, theft and some weather damages. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance. It provides financial reimbursement to the owner of structure in such cases.

Getting Connected: Electricity and Water

The electricity and water abonnement fees in Antalya varies from district to district.

Electricity abonnement fees;

If you get the first-time abonnement, you pay between 100 TL and 500 TL in total for abonnement registry, electricity meter and additional deposit fees. The transfer fee is as much as the deposit amount and additional DASK amount, if DASK has expired.

Water abonnement fees;

If you get the first-time abonnement, you have to pay 775 TL in total for abonnement registry fee and additional deposit fee. The transfer fee is as much as the deposit amount and additional DASK amount, if DASK has expired.

Telephone and Internet

If you have a residency permit, you can get a telephone and internet connection. Turk telecom and TTNET are countrywide, and they hold a majority of the market.

For new subscribers, special packages are available, if you sign a two-year contract. Examples include telephone calls, broadband internet and TV satellite packages for 130 Turkish Lira a month. All companies will charge an installation fee.

Maintenance Fee (Aidat in Turkish)

Anyone buying an apartment in communal buildings will also need to pay a monthly maintenance fee (Aidat) that goes towards communal facilities such as stairwell electricity, swimming pools, garden maintenance or security.

Real Estate Investment Tips N 5: Check before buying a home

Research the local area – 1/3 of first-home buyers wish they had looked around more before they purchased their property and over 20% regret the area in which they bought.

“Why is the property on the market?” – Get to know more about the history of this property.

Get your finance sorted – … before attending auctions or going on real estate websites.

Visit the property at different times – … and check out the neighborhood: take the kids to the park, to to the coffee shop…

Get legal advice – Get a conveyancer or solicitor to review the contract.

Strata report and pest inspection – Not all properties are built to the same quality. The builder can find issues that owners and tenants may not know exist (failing waterproofing, leaks in the roof…)

Check for environmental hazards – Flood zone, land subsidence area or bushfire zone. They can impact insurances as well as values

real estate investment tips for beginners

Know the costs involved. To be frank, real estate investment is not cheap. …
Select the property type. …
Check out the area. …
Protect yourself. …
Decide terms. …
Buy property with growth in mind. …
Keep important numbers on hand.

Only 35% Down Payment
Ready To Move

Real Estate investment Tips

Invest Wisely

Real Estate Investment Tips

Real Estate Investment Tips N 1: Stay Calm