Old or new apartments for sale in Istanbul

Old or new apartments for sale in Istanbul? In this article, we will learn the answer to this question..Continue reading to know more details..

In order to find the right apartment in Istanbul, buyers face an important choice, which is to buy an old or new apartment and both options have their own advantages and considerations that must be taken into account, so through our article, we will learn everything related to the question of old or new apartments for sale in Istanbul? All you have to do is continue reading to see all the details and information that will help you when buying in Istanbul.

Differences between old and new apartments for sale in Istanbul

New apartments are mostly modern buildings designed according to modern standards of living and offer contemporary architectural designs and advanced facilities, while older apartments may be more traditional in design and need renovations and upgrades.

New apartments are usually in excellent condition and require minimal maintenance, while old apartments may need renovations and repairs to maintain their good condition.

New apartments are often equipped with the latest technology and equipment, such as central air conditioning systems, security system, and remote control of lighting and heating, while old apartments may need updates to meet modern technological needs.

You may find new apartments in modern real estate projects and rapidly growing areas, while old apartments may be in more historical and commercial areas, as the location is an important factor in determining the value of the property and its ability to invest.

In general, new apartments are more expensive compared to old apartments, due to the modern equipment and features that they offer.

Features of new apartments in Istanbul

1. It features modern facilities and high-quality equipment and these facilities may include a gym, swimming pools, gardens, children's play areas, underground parking, and 24/7 security.

2. The latest technologies are used in the new apartments, such as the security system, smart home control systems, central heating, air conditioning, and smart lighting.

3. These technologies provide ease of use and enhance the building's energy efficiency and the new apartments provide professional maintenance and property management services to help maintain the building and ensure that all facilities and fixtures are in proper working order.

4. New apartments can be a good investment opportunity, as they can bring a high return on investment in the future.

The disadvantages of new apartments in Istanbul

1. New apartments are usually more expensive than the old ones, and this is related to the modern designs, luxurious facilities, and advanced technologies that are provided.

2. They may lack the historic character and personality of older properties, their designs may be standard and they may lack the cultural and heritage elements that you find in older apartments.

3. Due to the increasing popularity of new apartments in Istanbul, there is pressure on the market, which leads to higher prices and more competition in buying new properties.

4. The construction and handover of new apartments may take some time and in addition, the completion of the project may be delayed or there may be a delay in receipt, causing inconvenience and delay to potential buyers.

5. You may be in areas under development or new projects that may need time for full development and there may be uncertainty about future developments in the area and their impact on real estate value.

What are the advantages of old apartments in Istanbul?

1. The old apartments have a lot of historical and cultural character and you can find traditional and heritage design elements that reflect the local history and culture, adding a unique elegance to the place.

2. It may be in prestigious locations and central areas in Istanbul, it may be close to tourist attractions, commercial areas, and basic services such as schools, hospitals, and shops.

3. Being less expensive than new apartments, it can be a good opportunity for investors or individuals looking for an affordable home in desirable areas.

4. Attractive to investors because of the possibility of achieving a good investment return, you may benefit from an increase in real estate value with the passage of time and the development of the region.

The disadvantages of old apartments in Istanbul

1. The fixtures and amenities in the older apartments are outdated and in need of refurbishment and you may need to replace your plumbing, electrical, heating, and ventilation systems, which can cost you more money.

2. It needs periodic maintenance and repairs to maintain its good condition, you may need to renew paints, replace floors, and repair doors and windows, which requires effort and additional cost.

3. It does not meet modern specifications and current building standards, it may not comply with earthquake laws or environmental sustainability requirements, which may affect its value and the possibility of renting it at high prices.

4. You face limitations in making alterations to older apartments, especially if they are located in historic or conservation areas, there may be restrictions on changing the interior layout or adding additional facilities.

5. They are not energy efficient, may have poor thermal and acoustic insulation, resulting in higher energy bills and environmental discomfort.

Which is better to buy old or new apartments for sale in Istanbul?

Buying an old apartment might be the best if you are looking for:

1. Living in a house of historical and cultural character, older flats offer these aspects even more.

2. Low prices, this can be an advantage if you are looking to buy in a desirable area at a lower cost.

3. If you find an older apartment that is in good condition and meets your needs, you may have a ready made home without major modifications.

On the other hand, buying a new apartment may be the best if you are looking for:

1. Modern apartments usually enjoy modern fixtures and modern facilities, providing you with comfort and technological development.

2. Newer apartments are often more energy efficient, resulting in energy cost savings in the long run.

Common questions

Is it recommended to buy new apartments in Istanbul?

Investors should research and analyze carefully before making a purchase decision.

It is also necessary to study the real estate market, verify the records of developers and contractors, ensure that the information provided is correct, and determine the appropriate budget for purchasing new apartments.