Investing in real estate is one of the most important ways to increase capital, but in order to be able to make a profit from real estate, you must choose the right real estate that can achieve this goal for you, and what matters most to investors is the price of the real estate. However, real estate prices vary according to their specifications, so what are the factors that determine the prices of real estate? Learn about it with us in this article.
- Location
The location of the property plays an important role in determining its price. The vital location of the property and its proximity to the city increases its price and increases the demand for it.
- Public Services and Facilities
The services available in the property area are among the most important factors contributing to determining the property price, such as universities, hospitals, parks, shopping centers, and public transportation.
- The Location Of The Real Estate Within The Building
The price of the real estate varies according to its location within the building, and here we must differentiate between ordinary buildings and residential complexes or skyscrapers. In ordinary buildings, the price of real estate on low floors is higher than those on high floors. As for residential complexes, real estate prices on high floors is higher than real estate prices on low floors.
- The Exterior Appearance Of The Real Estate
The beauty of the building’s exterior appearance is reflected in the prices of the apartments inside it. The more distinctive the building’s appearance, the higher the apartment prices are in it.
- Type Of Real Estate
Real estate varies between apartments, villas, lands, and shops, and their prices vary according to location and features.
- Real Estate Area
It is an essential factor in determining the price of the real estate, As It is known that the larger the area of the real estate, the higher its price, And you can choose the appropriate area of the real estate for your goal of investment, whether it is housing and stability, leasing, or buying the real estate and then wait until its price rises and sell it again.
- Building Age
Experts advises investing in projects under construction that have distinct specifications and modern construction, as the opportunity to achieve profits in these projects is greater than in others, and the price of the real estate is higher.
- Services Available In The building
The services provided by modern residential complexes, such as parking, a swimming pool, and a gym, certainly raise its price, and the same applies to separate properties that are surrounded by such services.
- Real Estate Features
The real estate’s specifications and features contribute greatly to determining its price, as the value of real estates with high quality and integrated interior and exterior equipment increases, while the value of real estates with low quality decreases. Among these specifications we mention:
Type of cladding, decorations, finishes, number and distribution of rooms, kitchen and its equipment, bathrooms and balconies…
- View Of The Real Estate
Real estate overlooking green nature, such as gardens, forests, or the beach, are characterized by their high prices, as investors prefer real estate with a unique view to enjoy the charm of nature and tranquility.
If you are looking for a profitable investment opportunity, Elhaj Real Estate Group is always available with its specialized team to provide all services related to real estate investment in Turkey. To learn about our investment offers, do not hesitate to contact us wherever you are around the world.
#apartments_for_sale
#real_estate
#Elhaj_Group