3 Tricks Of Getting The Right House From The Project
Is it really more lucrative to buy a house from the project? You have to find the answer to 3 questions to see if you have.
One of the most important reasons for buying a house from a project is the expectation that the purchase cost of the house will be more economical and will make a premium until delivery. Well;
How much money should I get the house?
Check the prices and unit m2 prices of the houses that you can get from the project in the vicinity of zero or close to zero and which may constitute a precedent. If you drop 0.75% – 1.00% per month for a few months to complete the project, the amount will be a very reasonable price. For example; The house you will receive from the project is just 200,000 USD. Your house will be delivered in 18 months. It is suitable if you can get the apartment from 15-18% of the 200.000 USD from the project. There is no point in buying a similar apartment at the same price after 18 months with a finished house. Of course, it is very important whether it is residence, apartment or villa.
If there is more discount than this, you should look at it with a bit of suspicion.
How much premium does the house need?
It is up to many things that the house received from the project makes a premium. If the company you are going to buy a house from the project does not do this one time but continuously, it will want to gain the areas during the construction phase. A project with a correct exit price should make a premium of 40-50% until the delivery within the 18-24 month delivery period.
The premium for a house is also related to how the site is managed after delivery, the controlled execution of second hand sales and leases and the quality of the people living on that site. Since you bought the house at the project stage, you should examine the projects that the company has done before in order to have an idea about these issues.
What will be the rental income of the house?
The price of the houses throughout Istanbul is equal to the rental income of 20 years. In other words, the price of a house with a rental income of 1000 USD is around 1000 USD x 12 months x 20 years = 240.000 USD. For the investors, the purchase price of the house should be equal to the maximum rental income of 18 years.