The “Buy Ready vs. Build” Dilemma when you are looking to buy Property in Turkey
We weigh the fundamental investment question in Mersin: whether to acquire raw land for bespoke development or purchase an existing property in Turkey. This exploration navigates the distinct advantages and challenges of each path, from securing prime coastal plots to evaluating turnkey apartments, all while showcasing Mersin’s diverse real estate landscape and potential returns.
How we determine the price of our listings
Valuation is key when it comes to putting a property in Turkey on the market. For example, when sellers contact us saying they are asking for i.e. 10.000.000 TL for their 5 year old building, we say let us inspect your property thoroughly first and prepare a valuation. After we prepare the report, let us say we got an 8.000.000 to 8.250.000 TL result, the owners may say this price is too low. We do not stop there and show them our parameters. We reiterate if we overprice their property, we will be pushing the buyers to buy a land and develop a similar building themselves.
Of course the decision lies with the owner, however this way we focus on listing our options at the correct price.
When you are stuck at the hurdle whether to buy ready or build your own property in Turkey
Imagine you met the owner above. He is marketing his property with another agent and your search tells you the 10.000.000 TL is too high. At this point, many buyers call us saying get this property for us at 8.000.000 TL and they will reward us. We had already spoken to the owner, and it is unlikely to get what our client wants regardless of how big the reward may be.
At this point our rich land portfolio comes in. Additionally, our professional development services will be your saviour. Benefits of building your own are as below.
- Most importantly your property will be brand new as opposed to the 5 year old building.
- We will design and build your property according to your requirements. This is very important when you buy property in Turkey.
- When you buy ready, you have to pay the whole amount at once, however with our model you pay just 40% of the turnkey price, and the rest is paid over the duration of the construction in equal instalments.
- We guarantee your brand new home will cost you less than the 5 year old building you were considering overall.
Please contact us for more information about our building services.