Tips of getting the right house for you
Is it really better to buy a house off a project? To see if you can, you need to find the answers to three questions. One of the most important reasons for buying a home from a project is the expectation that the initial cost of the home will be lower and you will earn a premium on delivery. spring; How much money should I get for my house? Check home prices and unit prices per square foot for near-zero or near-zero projects that look like precedents. If you drop 0.75% to 1.00% per month for a few months to complete a project, that amount is a very reasonable price. For example; the house cost from the project is only $200,000. Your home will be handed over in 18 months. It’s reasonable if you can get an apartment for 15-18% of $200,000 from a project.It doesn’t make sense to buy a similar apartment for the same price 18 months later in a finished house. Of course, it is very important whether it is a house, an apartment or a villa. If there are further discounts, you should consider them with suspicion. How much does home insurance cost? There are several things that make a home obtained through a project premium. If the company you are visiting is looking to buy a home from a project, not just once, but on an ongoing basis, they want to get to the plot in the development stage. A project with an accurate exit price should offer a premium of 40-50% within a lead time of 18-24 months. The premium of owning a home also depends on how the site is managed after handover, the managed handling of second-hand sales and rentals, and the quality of the local people who live there. For inspiration on these topics, you should look at the company’s previous projects. What is the rental income of the house? House prices across Istanbul are equivalent to 20 years of rental income. So a house with $1000 rental income costs approximately $1000 x 12 months x 20 years = $240,000. For investors, the purchase price of a home should correspond to the maximum rental income for 18 years.