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Why it is better to gather from depreciation on second hand property if you are starting out?

24 August 2020
Why it is better to gather from depreciation on second hand property if you are starting out?

We often get to hear that depreciation on second hand property is a vital key to making right real estate investment in Turkey. In reality, investment in property is closely related to area where it is located. There is a considerable difference between properties in Istanbul and other cities of Turkey. If investing in real estate market of Turkey is in your mind, choose a city and a location that matches your requirements finely. Buying a second hand property is considered a safe bet and of major benefits. Price depreciation is one such plus factor. Let’s delve deeper into prospects of buying one such property at your dream destination.

Why depreciation on a second hand property is considered vital?

The sale by owner properties is considered profitable for many reasons. But as an investor you must go through the entire profile of the property with an eye to the details. You may hire an attorney who would lead you to a safe and genuine deal. Most real estate consultants in Turkey would be happy to help you with attorney services. Additionally they also cross check the ownership paper details of their recommended properties.  Depreciation on second hand property helps you invest and save a lot of money. As you proceed on to for the deal you may not need to invest time enquiring details about any property. This specially helps foreign investors who may not have direct link to local sources of information.

What you can gather from a quick depreciation on second hand property?

  • Prime location -The first known fact about second hand properties is that they are situated in prime locations of any city.  For Istanbul you may find many such properties in areas like Beyoglu, Besiktas, Kadikoy and Ortakoy and Faith. If you are searching for such properties in Asian as well as European side, you have a reason to cheer. These areas are dominated by properties for sale by owners. The prices may be high but you can get an easy bargain. If you are planning to work and live at Turkey there could be no better deal than saving from depreciation on second hand property.
  • Ready to move in property- The best thing about current depreciation on second hand property is that buyers get a ready place to immediate move into if they wish. Most the owners offers full furniture as a bonus deal with the property, thus you save the investment on furniture.

How to spot best depreciation on second hand property?

Depreciations are alluring for any investor. But to find the right one is an art and product research. While you are looking for quick depreciation on second hand property deals, the lesser value should not be the only criteria. You should not lose sight of the other factors like the location of the property, age of the building and genuine ownership papers.  If everything falls into line perfectly, go for depreciation on second hand property.

But where can you spot the best second hand properties in Turkey?

The property websites offer a wide range of depreciated rates of properties all over Turkey. You    can also direct bargain with the owner to get a discounted price. However, it is difficult to find best depreciation on second hand properties, in central areas of Istanbul. The same is true for emerging real estate areas in all cities of Turkey. The reason is high demand of properties in such areas. Thus finding offbeat yet viable locations is one criterion for inking a profitable deal. The good fact is that there is no dearth of such properties.

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