In almost every of our Property Viewing Tour, we are talking about this important issue: whether to buy a ready-to-move-in apartment or under construction one? It all depends on your wishes, which we successfully carry out in the selection process.
Ideally, of course, it’s better to decide before you come in a Property Viewing Tour.
First, you need to answer the questions: What do you want to get from real estate purchase? What is your purchasing power? Be honest with yourself. Done? Now read on, and we give some useful algorithms that will help you to understand your desires.
Ready property will suit you if you want to:
• move immediately to your house;
• start immediately receiving rental income;
• eliminate even minor risks that “the project might not be built / might be delayed / you might be deceived” and other fears around the construction site.
Under construction property is worth choosing if:
• you need the lowest real estate price;
• you buy in order to resell then, and earn;
• you want the best option in the project, with the possibility to choose the placing and type;
• you don’t have immediately the full necessary amount, but only for a down payment (ca 30%);
• you need the maximum 0% instalment plan in order to “save up more money / sell your property in another country / pay slowly and live without limiting yourself”, or any other reasons unknown to us;
• you want to work independently with the layout of your future home, choosing the design and finishing materials.
Keep in mind that now all real estate is being sold very quickly, both finished and under construction.
You should not be afraid of the under-construction options, there are many advantages. But it is important to approach the issue of choosing a developer and a project responsibly. It is best to check everything from a legal point of view and consider the reputation of the construction company as well.
We hope it has become a little bit easier for you to understand what to choose: a finished property or a under construction one. If you have doubts, please, text to us or come on our Property Viewing Tour. Our company will help you to understand the issue. Anyway, the final decision is always up to you. We have both projects under construction and finished ones. Welcome to Northern Cyprus!