New Property Vs. Resale Property: Which is a Better Investment?

The Foreign investor always wants to get the best opportunities, the best offers, and the best real estate, whether it is residential apartments, villas, palaces, commercial offices, or shops, in order to achieve one goal, which is to obtain the largest possible investment return in Turkey.

New apartments in Türkiye

They are newly built apartments with an age of no more than months or a few years. New apartments are usually located within modern residential complexes built in modern ways similar to international building systems with the inclusion of materials that are resistant to earthquakes, and are distinguished by modern designs, quality of construction, elegance of finishes, and luxury of internal and external cladding, seasonally. About its distinguished location, because the project area was carefully chosen by the construction company, in addition to the view of the sea apartments, forests, the city, or highways, with the provision of a range of basic services such as security monitoring, parking, elevators, sports fields, swimming pools, and others.

Resale apartments in Türkiye

They are apartments located inside independent buildings that are more than 10 years old, and some of them reach 25 years and may be more. Usually, these apartments suffer from wear and tear as a result of age and signs of time, and some of them were not built according to modern building standards launched by the private Turkish government, especially with regard to safety and their inclusion of barriers Seismic, and resale apartments lack a location, as they are usually located in neighborhoods and slum areas with a complete lack of services such as elevators, parking lots, and others.

Advantages of new apartments in Türkiye

• The distinctive construction site is on the main roads of cities or near their sea lines, city forests, or tourist places
• Modern designs and modern construction quality according to standard standards, in addition to the excellence of the interior and exterior cladding
• Multiple spaces, options, styles, ceiling heights, room distribution, and bathroom and kitchen spaces that are either open or closed.
• New apartments in Turkey gain amazing views. We rarely find a new apartment with a poor view, and usually the views are of the sea, forests, city, or interior of the project’s services, noting that the quality and beauty of the view play a role in raising or lowering the value of the apartment.
• New apartments in Turkey are being built by major Turkish construction companies that are working to introduce many features such as smart home technology.
• The new apartments have all licenses and approvals, and therefore there are no current or future problems in terms of the legal integrity of the property and obtaining the title deed.
• The new apartments located within the modern residential complexes provide a range of various services such as elevators, reception, parking lots, swimming pools, children's games, gyms, restaurants, cafes, shops, and others.
• The new apartments are managed by the Department of Residential Complexes in Turkey, which means providing permanent and periodic maintenance of the apartments and recreational services.

Disadvantages of new apartments in Türkiye

• The prices of new apartments are high compared to resale apartments in Türkiye
• High additional costs on decoration and cladding to match the project's designs
• The owners of the new apartments incur additional expenses such as the monthly returns that are paid to the management of the residential complex in exchange for services, maintenance, periodic cleaning, security protection and parking.
• The delay in obtaining good investment returns from new apartments in Turkey, and a period of time must be waited, whether the investment is through rent or resale.

The expected profitability of investment returns from the new apartments

New apartments in Turkey achieve high investment returns, whether the trend is towards investing in rent or waiting a few years ranging from 3 to 5 years after the date of purchase. If the trend is towards investing in resale in order for the property to record a good and significant increase in its price, as it is directly proportional to Investment value of apartments.

The return on investment varies from one apartment to another according to the location, the view, the quality of construction, the variety of services, the value of the property, and the type of investment (rent or resale), so it is impossible to talk about specific numbers, but they are very satisfactory to the client.

Advantages of resale apartments in Türkiye

• Old apartments in Türkiye give several advantages, including:
• Low prices of resale apartments compared to new apartments.
• Ease of adding modifications to it at low costs.
• Learn about the pros and cons of the apartment simply through the old owner of the apartment.

Disadvantages of old apartments in Türkiye

• The resale apartments are located in the heart of old, worn-out buildings that have been built for decades.
• Most of the old resale apartments in Turkey were not built according to the new building standards.
• The resale apartment buildings are without designs and lack the quality of construction and internal and external cladding.
• Most of the resale apartments are located in buildings built in popular neighborhoods or slum areas, and therefore have a bad location.
• resale apartments overlook other adjacent buildings or the surrounding alleys and alleys.
• The services in the old apartments are completely non-existent, as there are no elevators, no parking spaces, and not even security protection
• The low investment value of resale apartments in Turkey, and this justifies the low price due to the decline in demand for them and the trend towards apartments located within modern residential complexes.
• Difficulty finding a tenant, since most of the rent seekers move towards new apartments, and if a tenant arrives, the rent value will not be high and will not satisfy the investor.
• Old apartments need periodic maintenance due to the old facilities in them, especially the sewage system, water taps, electricity cables, gas installations, etc., which constitutes an additional cost to the investor. Also, maintenance is only like healing wounds or relieving the patient, and thus the problem will reappear again due to the deterioration of the facilities.

Expected investment returns from resale apartments

Investing in old resale apartments constitutes a great risk and is not recommended because the investment value is gradually declining as a result of the decrease in demand for them in terms of rent and ownership and the tendency of the majority of investors towards modern residential complexes.

Which is the best investment in new or resale apartments?

To find out the best investment options, follow the following tips:

1. The property’s location must be within a vital area with full services.
2. The construction is new, so do not be satisfied with owning an apartment within a dilapidated building that has been worn out for ages
3. The quality of construction and its inclusion of safety standards, seismic dampers and barriers.
4. The variety of services, the least of which is the availability of reception, security guards, parking lots, and elevators. Do not accept less than that, and the wider the circle of services, the higher the value of your apartment.
5. A good view, whether sea, forest, city, or even internal, of the project's gardens
6. Put the name of the construction company in front of your eyes and get to know well its previous works and delivered projects to ensure the delivery date, construction quality and legal safety of your apartment.

Therefore, we at Property Superiors recommend refraining from owning old resale apartments in Turkey and moving towards owning new apartments in the heart of modern residential complexes with various advantages, reality and a bright investment future.