Comparison between old and new apartments in Istanbul
- What are the advantages of buying a new apartment in Istanbul?
- Are there downsides to buying a new apartment in Istanbul?
- What are the advantages of buying old apartments in Istanbul?
- What are the negatives of choosing to buy an old apartment in Istanbul?
- What are the factors through which you can decide whether to choose an old or new apartment in Istanbul?
Istanbul is characterized by the fact that it contains many real estate options that differ in terms of construction, most notably the old apartments and the new apartments? If you are about to buy an apartment in Istanbul, you will certainly be confused, which of the two options is the best.
There are those who advise choosing new apartments, and there are those who advise choosing old apartments, and we at Ramzy Real Estate Company will never let you be confused. Through the following article, we will present you with a comprehensive study on these two types.
What are the advantages of buying a new apartment in Istanbul?
The new apartment means that you are the first to live in it and no one else has preceded you, but this does not mean that it is completely positive and you must know everything related to it.
- The new apartments have a modern, modern and luxurious character, where the latest architectural trends are applied to them.
- If you choose to buy an apartment that is still under construction, you will be able to contact the construction company in order to make the modification you prefer.
- A new apartment, which means that you will not need any maintenance or modifications until a long time ago, as it is not consumed.
- You can choose to buy an apartment in installments if your financial budget does not allow you to pay in full, and the installment period may reach up to ten years.
- If you choose to pay the entire price of the apartment in one payment, you can get a large discount that may reach ten percent of the price of the apartment.
- This type of apartments is followed by large guarantees by contractors of up to ten years.
- If your choice falls on an apartment located in a new area, your property will get many advanced services and it will have a strong infrastructure.
- You will not be in front of the fait accompli for any of the details of the apartment, as you can control this matter and take over the task of adding what you wish to have.
Are there downsides to buying a new apartment in Istanbul?
- If the apartment is in a modern area, your apartment will be similar to the surrounding apartments in terms of design, finishes, and many other details.
The prices of new apartments are not negotiable, and their price can only be reduced slightly.
- If you choose an apartment in installments, you will be in front of a lot of benefits.
In this context, it is worth noting that new apartments are the best option for real estate investment, and this is what real estate experts recommend in order to reach high and distinguished profits.
What are the advantages of buying old apartments in Istanbul?
- The old apartments are distinguished by the fact that there are plenty of options in the real estate market with different designs, shapes and specifications.
- When you choose to buy an old apartment, this means that there is a great possibility for the price to be negotiated.
- An old apartment, which means that it is located in an old neighborhood, and this indicates that it is inhabited and served extensively.
What are the negatives of choosing to buy an old apartment in Istanbul?
- Old apartments are often worn out and need comprehensive maintenance in order to make the appropriate modifications.
- In general, this type of apartments is far from modern and modern designs, and in order to modify it and make it compatible with the requirements of the times, you will have to pay a lot of costs and expenses.
- You have to repaint the walls again, for sure it will not be what he likes.
- It is possible that there will be problems arising from it, such as mortgage or seizure and possibly inheritance problems. Therefore, before signing the sale contract, it is necessary to take a look at the real estate registry, because the presence of any of these problems means that the property will lose part of its material value when it is sold.
- A large group of people do not prefer to live in an apartment where someone else has previously stayed, so they tend to search for modern apartments.
What are the factors through which you can decide whether to choose an old or new apartment in Istanbul?
- Financial budget:
It does not make sense if the apartment is modern, as it is the most expensive. This matter is determined based on the location of the apartment, the view it enjoys, its internal specifications, the age of the building, and other details. But in general, a real estate company with experience and knowledge in the real estate market in Turkey should be sought. Starting from your financial budget, you determine whether you should buy a new or old apartment that matches your desires.
- Purpose of buying an apartment:
As we mentioned above, the old apartments are the best for real estate investment, but if you want to live in them only, you can choose the apartment that suits you.
In the event that you want to obtain Turkish citizenship by buying an apartment in Istanbul, you must search for someone who matches the conditions for obtaining it.
These lines were a look at the real estate market in Turkey, and through the features we provided for both old apartments and modern apartments, you can choose easily, just set your goal and budget and then go.
At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
- Legal advice .
- Property Management.
- After-sales services .
- Legal services and obtaining Turkish citizenship.
- Buying and selling real estate in Turkey.
- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.
Editing by Ramzy Real Estate Team ©
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