I guess if you have decided to invest in Turkey the headline – how to save money on property in Turkey may seem like an odd one, or is it? Yes you can save money it’s quite simple really; see how you can save today!
The majority of resale properties are sold fully furnished which saves you buying a furniture package and for a 2 bedroom apartment for example that can save you in the region of £3000 depending on the quality of the furniture you would have bought yourself. If the resale apartment you want to buy has only been used a couple of times a year for the last 5 years say, the furniture and white goods are literally brand new. Usually outdoor swimming pools are standard on most complexes, but if you don’t want to pay communal fees or you just want to pay low fees for someone to keep the communal stairwells clean and a bit of gardening and maintenance then look for a complex which has no pool and is close to the beach.
Even if you buy a resale property where the furniture has been taken the chances are all the window blinds and curtains will have been left and that alone saves a fair few hundred pounds. Also air con units are usually left behind with 1 in each of the bedrooms and the lounge you are saving about £1000. It is possible the previous owner has already repainted it to freshen the walls up, had window shutters fitted or a boiler installed even WiFi installed will be a huge saving to you. Light fittings are not cheap even in Turkey and if they are not exactly to your liking you don’t have to replace them straight away. Saying the above is true and if you are looking at saving your pennies then a resale property should be a consideration for you.
Brand new builds
Some of the new properties that are being built today or are only one year old offer a whole range of extras that is included in the price such as a fitted boiler, communal high speed internet plus smart home technology and in some cases white goods packages already installed. When you are looking around for a property ask what else comes with it, even communal sunbeds help keep the cost down if they are supplied free of charge by the developer. Another saving is if the complex has a gym installed, that means if you like to keep fit and want to continue with your fitness regime whilst on holiday you do not have to pay an extra cost to the local gym every day to use the facilities there, it all comes under the communal fees you pay monthly or yearly.
If you buy high end apartments for example, you get a lot of extras on the complex you buy a property on. Some of these complexes are like small villages and lots of entertainment is based there. These properties are ideal for summer homes or indeed if you live in Turkey on a full time basis. Some facilities include an indoor swimming pool which is great during the winter months, a wellness centre, sauna, gym, spa, hobby room, children’s playroom, cinema and even a garage for parking. All of these facilities will save you money so again it is worth taking a look at these types of homes for sale.
Look at properties close to excellent transport links or within an hour from the nearest airport. Are you close to shops and supermarkets, a chemist, Doctors surgery or hospital, what about banks or at least cash machines in the nearby vicinity? Where will you go to pay your utility bills are all these places within walking distance? Not everybody has a car especially if they just use their property in Turkey as a holiday home.
Sometimes it’s nice to live in the sticks away from everyone where you have your own space, but if you then have to rely on taxis all the time when you go out, it can be expensive so think about the pointers I have given and this will save you money in the long run. One last pointer is the exchange rate now between Great British Pounds (GBP) and Turkish Lira (TL) it’s a bargain and we get so much TL for our money as the rate is currently 8.45 it allows us to spend a lot more in Turkey.