Pros and cons of property under construction in Turkey

Buying a property on the map may save the buyer some money compared to buying a ready-made property, in addition to his ability to control more about the type and quality of the cladding, and even his own desires within a property that may be his house or a place to practice his work. But it has a number of risks and problems that we will present in this article.

Many Arab and foreign investors tend to own property in Turkey for many purposes, most notably the low prices compared to European countries. The safe environment in this country, as well as the developed infrastructure and the rapid growth that Turkey is witnessing, not to mention the laws, incentives, and encouragements issued by the Turkish government from time to time. In particular, the amendment of the law regarding granting Turkish citizenship to anyone who owns a house or property worth $250,000, has encouraged many capital owners and investors, and even citizens of some neighboring countries, to choose Turkey for stability and investment.

Certainly, not everyone who is looking to buy an apartment in Turkey is aware of the developments in the real estate market in terms of prices, advantages, and risks, due to not knowing some of the necessary things. Therefore, it is important to get the help of a trusted advisor who gives a complete picture of the Turkish real estate market, which in turn protects the investor before and after buying the property for fear of falling into any fraud.
Off-plan purchases are often made by purchasing a virtual property on a property that has not yet been built. In this case, the buyer is satisfied with the description and information obtained from the seller, but it is very likely that the buyer will be surprised by the appearance of defects in his property upon receipt, contrary to what was agreed with the construction company.

What are the negatives of buying under-construction apartments?

Perhaps one of the main drawbacks to buying a property on the map; is waiting for a long time until the construction is completed, there may be some negative surprises in the construction and finishing after work, other than what was previously agreed upon with the real estate construction company. Also, paying the installments before the completion of construction and before receiving the property means freezing the capital for a period that may sometimes be long.
Therefore, the investor who buys an apartment on the construction scheme should not pay the property installments at once before the completion of the construction process, as the remaining amount is a guarantee in the hands of the buyer, and in this case, he reserves his right in case of default.

What should you consider when buying an apartment under construction in Turkey?

It is necessary for new property buyers in Turkey to take into account some basic things, and follow the tips that will secure a sound and satisfactory purchase, especially when buying an apartment on the map, the most important of which are:
• The buyer must pay attention to the terms of the sales contract and include all the agreed details, especially the quality of finishes
• Beware of paying the full price of the property before the completion of the construction process and the receipt of the property. Accordingly, it is recommended to pay in installments 
• You must purchase from trusted and approved entities or companies with government guarantees
• The buyer must request all the details of the property, in terms of location, proximity to public transportation, schools or universities, hospitals, and markets
• Make sure that you have chosen the right place before writing the purchase contract. It is recommended to visit the real estate website and take some details on the land from some of the residents in that place

• The purchase contract must contain a detailed description of the property in terms of:

1. The wasteland and the net area of ​​the property.
2. The total number of rooms, their internal and external facilities, and the division of the property.
3. The exact location of the apartment in the building or in the area if it is separate property.
4. Determining the price of the agreed property and the method of payment.
5. The agreement document with the real estate developer must specify the date of signing the final contract and the expected delivery date.
6. The contract must include an annex describing the facilities and quality of materials used in construction.
7. Before buying a property on the map, it is advisable to consult an architect about the specifications of the agreed-upon property.
8. It is better to document what was agreed upon in the contract with the seller with a notary public.

In addition to the detailed description of the property and the building plan, the property developer must also provide the buyer with the joint ownership regulations if the property is an apartment. These regulations indicate whether professional activities are possible in the building and the nature of these works if they are on the ground floor.
It is advisable to include a penalty clause for each day of delay if the construction company delays the delivery of the property, a clause that the real estate developer may sometimes object to, but this clause is a legal document that must guarantee the right of the buyer when delaying.

Finally, this guide contains all the tips and instructions, but this does not mean that you are familiar with all the details, as each environment includes different data. In general, it guarantees and secures a complete and proper ownership process. It preserves your right and eventually gives you an investment in a distinct geographical spot.
One last tip! Feel free to visit the site starting from its selection to its creation and completion.