3 Important Questions Property Buyers Should Always Ask Themselves
Each of us has a picture in our heads of our perfect house. My perfect home has stone cladding a large garden, a swimming pool and has natural surroundings. However, when it comes to buying your property there are some things you need to be honest with yourself about so that you can decide what you’re willing to compromise on – and what you’re not. Ask yourself these key questions it will assist to get your priorities in place and make finding the right property a little easier.
Question 1: Am I more concerned with investment potential or Attractiveness ?
You must decide if this property is going to be a long term home or part of a 3 to 5 year plan. If it’s the latter, often being able to afford the long term home on the next move becomes the focal point for this search.
The two can without doubt go hand in hand, however it will often be the places that allow you to add curb appeal that will give you the better long term investment. Often buyers are anxious about what family and friends will think of their investment, but you need to decide if you want them to be blown away by the beautiful street it’s located on or how successful an investment it was.
Question 2: How far is ‘too far’ from the local transportation?
When you find a property you like, the extra few minutes’ walk to the local transportation often is less important. It’s important not to miss out on great properties by being set back only by a few roads.
So you want to be near transport links? The great news is in Istanbul there are many metro stations, metro tubes , metro buses,Marmaray , plus trams and main road highway links . We also live in a busy working city, so naturally no one wants to spend longer on their commute than needs be. However, bear in mind this will always affect property prices. A three minute walk to the metro would of course be nice, but how about a 15 minutes to airport walk and save on the gym membership?
Question 3: How much work do I really want to do?
Many buyers like the idea of having a ‘property project’ to add their own mark on. However the reality of a project is often very different to what a buyer has in mind.
The good thing about property is that it is the one investment you can actually physically add value to yourself. Many people are attracted to the idea of maybe adding a new kitchen or redecorating, but these things are never as simple as they seem. Your time is valuable, so make sure you are committed to coming home after a long day at work and picking up a paintbrush, organizing building materials or getting a team of contractors. The monetary costs are of course a large factor, so make sure you have the funding ready for any last-minute emergencies.
The Istanbul property market moves swiftly and properties can come and go fast. Thinking ahead of the buying process and decide what your real priorities are, can help you find your perfect property faster than you thought.