Making a real estate investment is surely profitable. However, diving headfirst into making an investment can lead to drowning. It is better to test the waters first, know what you are dealing with, and then carefully go in. Voila! You are swimming through anything that comes your way.
If you are thinking of making a real estate investment in Turkey, that’s great! You are already off to a great start if you are reading this. Because, it is crucial to know the country and the real estate market inside well before making an investment. You know how they say, better safe than sorry. That's why we have prepared this in-depth guide to make a real estate investment in Turkey. You will find everything you need to know to get to a great start in this guide. Continue reading to learn more!
5 Pillars of a Successful Real Estate Investment
Risk Assessment Before Everything Else
Assessing the risks involved is always important in all types of investments. In the case of real estate investment, you need to assess a potential investment in every aspect before deciding. It wouldn’t hurt to keep a wary eye for opportunities that seem too good to be true.
Work with Experienced Investment Advisors
Even though you might be tempted to do all the work by your own, it will be extremely tiring. After all, you are marching into unknown territory. In that case, it is better to work with investment advisors who are experts in the field. They know the market well; they can guide you in finding
exactly what you are looking for, and they will inform you about profitable investment opportunities. Trem Global has more than 150 acknowledged experts actively working to support our clients who want to make a real estate investment.
Don’t Rush, Choose Wisely
Once the investment options are presented to you, don’t rush to choose one just because you like it more than the others. Carefully examine each project and compare them. Find the one that meets your expectations while also offering the best profit and value.
Don’t Be Left in the Dark
While it is a good idea to let the experts deal with the investment process, it is not ideal to be in the dark. You need to know every detail about the projects and the process before deciding to invest in real estate.
Make Solid Investments
You have done everything right, assessed the risk, worked with investment advisors, chose the project wisely, and finally made a successful investment. Congratulations! However, it is better not to be tempted by success and invest beyond what you can afford in the long run. Prefer to make a few solid investments rather than more yet questionable investments.
Choosing the Right Investment Advisor
Working with investment advisors is key to making a successful real estate investment. Investment advisors are experts in assessing the market and finding profitable real estate options that match your expectations perfectly. Whereas if you were to try to invest all by yourself, the process would be time-consuming and tiring, and the real estate options wouldn’t meet your criteria perfectly.
Investment advisors will inform you as necessary and do all the work for you while supporting you during the entire process and even after the sale is finalized. If you want to work with a real estate investment advisor but don’t know where to start, we have gathered a list of qualities you need to look for in a successful investment advisor. Trem Global prioritizes these qualities in its investment advisors to provide top-quality service to its clients when making a real estate investment.
Knowing the Market Well
A good investment advisor should know the ins and outs of the real estate market. They should use statistics to help you find the most profitable investment options. They should also know the city and the districts well to guide you in making a decision. They should have a wide range of portfolio network to find the best match for you. We deeply care about the life you are envisioning. To find the best matches for our clients and provide a broad portfolio of real estate options, we hold regional analysis trainings every month.
Knowing the Laws and Regulations
Laws and regulations are certainly an important part of investing. They can change during the investment process, or there may be details you need to know. To keep you updated and make the investment process as smooth as possible, an investment advisor should know the laws and regulations regarding real estate investment. A Tor Holding subsidiary, Tor Advisory, partners with Trem Global in legal matters. Our legal advisors inform you regarding everything you need to know about laws and regulations and take care of the legal processes.
Be Satisfied with Your Process
A successful real estate investment is not only profitable but also meets all your expectations. An investment advisor should prioritize client satisfaction, listen to their expectations and needs carefully and offer investment options based on these criteria. During the process, they should inform you regularly and provide support whenever you need it. Our investment advisors can provide support in your native language to increase satisfaction and the accuracy of your investment.
Steps to Making a Real Estate Investment: The Process
It is one thing to know the basics or the things you need to consider before deciding to invest, but it is another thing to know the entire process well. Knowing the investment process can help you whether you are investing on your own or with the help of an investment advisor. Knowledge is power. As long as you know the details regarding the investment process, you will be less likely to run into surprises and be ready if they ever come up once in a while.
We will be explaining each step you need to follow when making a real estate investment. By following these steps, you will have a general idea of what you need to do to make a successful and satisfactory investment in Turkey.
Make a List of Your Expectations
Before you decide on anything, you need to list all your expectations. You need to consider everything keeping in mind your current situation and plans. Decide on the real estate type, the number of bedrooms, the neighborhood, proximity to the schools and hospitals, proximity to the city center, forest or sea, and so on. Knowing exactly what you want will help you when researching your options and give you a more filtered list of options to choose from. When listing your expectations, you also need to consider which ones are a must and which ones you can compromise.
Consider Whether You Want Citizenship
Before deciding on the budget, you need to consider whether or not you want to obtain Turkish citizenship. Turkey is one of the countries you can obtain citizenship by making a real estate investment. If you want to get citizenship now or in the future, you might want to look for real estate that is suitable for citizenship. Trem Global offers a citizenship by investment program to its clients who want to become Turkish citizens.
Set a Budget
Now that you know your expectations and whether you want to obtain citizenship, you can set a budget. It is a good idea to set a minimum and maximum budget. You should also consider whether you will be investing with cash or a mortgage.
Decide on the Location
Depending on your expectations and budget it is a good idea to decide on one or more districts in the city you wish to live or invest in. An investment advisor can help you choose the best districts that meet your criteria and budget. Considering your workplace, school preferences, and other needs, our investment advisors can find the perfect district for you by doing a thorough analysis. They will also inform you about the current real estate market trends in the area and can guide you on whether it would be suitable for your expectations.
Start Searching the Options
Now is a good time to research the market for suitable options. Our investment advisors will carefully examine your needs and research all the investment options for you that will meet your expectations. During this process, it is important to learn more about each option. Comparing each option is a great way of eliminating the options that fall short of meeting your expectations. After you narrowed down the list, you can visit the options you are seriously considering investing in with the guidance of your investment advisor. Seeing the options in person will give you a better idea.
Plan When to Buy
The real estate market changes constantly. Investing at the right time can affect the price of the projects and therefore, your profit. It is better to invest when the market is not in its boom phase. However, if you are working with an investment advisor, they can guide you in terms of when to invest.
Close the Deal
When you finally find the option that checks all the boxes, you can move on to closing the deal. It is important to keep in touch with an investment advisor during this process so that setting up the contract and negotiation processes go as smoothly as possible. Once you are happy with every aspect of the option, you can close the deal. Alternatively, investment advisors at Trem Global can take care of the entire process for you, so you don’t have to deal with these steps all by yourself and focus only on what you want to invest in.