Not everyone who bought real estate in Turkey wants to live only. Many real estate investors in Turkey want to rent and invest their properties to benefit from them later because this method of investment is an excellent way to make a fortune or secure an additional financial resource. 

If you are interested in renting real estate in Turkey, then this article is a helpful report for you to take this investment step, and we at Fanar Realty are keen to provide tips and directions in order to increase your monthly and seasonal profits from renting real estate in Turkey.

 

Determine your goal of renting a property in Turkey

Any investment activity must start with a correct start, which is "Determining the objective of this investment",

When you buy a property in Turkey with the intention of renting it, you must first think about the main objectives of this act in order to ensure a successful investment with satisfactory profits for you.

Why rent a property in Turkey

There can be different goals behind your desire to rent real estate in Turkey, so make sure of your main goal or set of goals from renting, and the most important of these goals are:

  • Do you want to keep your property to pass on to your children later?

  • Want to get a monthly profit return on top of your monthly revenue

  • You have monthly debts or taxes and want to find a way to cover these costs without losing capital.

  • Want a safe wallet for your money

  • You bought a property in a promising area and will sell it after a while when real estate prices in the area rise.

 

Types of renting real estate in Turkey

There are several types of real estate rental, the most important of which are:

  • Monthly rental

  • Seasonal rental

  • Office or shop rental

  • Student and youth rental

  • Furnished apartments rental

A close examination of the reasons that prompted you to rent your property, and the type of rental you want to do, put you on the right path to increase your expected profits from renting a property in Turkey

Choosing the property with specifications that achieve your goals

The finishing of the property, the external and internal design, the space, and the distribution of rooms, all should be paid attention to and chosen to suit your goal of buying the property. For example... 

When buying a property for student or youth housing, the appropriate distribution of rooms is one room and a hall, or two rooms and a hall as a maximum, but if the purpose of buying the property is family rental, the distribution of rooms should be two rooms and a hall or more. 

In this way, you compare your goal of owning a property with the specifications that serve you in terms of renting this property, and the more you are able to do this comparison, the greater your profit from renting real estate in Turkey.

 

Choose the right area for your purpose of renting

Choosing the right place, region, or neighborhood in which you want to buy an apartment in order to rent it plays a big role in determining the two most important points in this investment project:

Purchase cost

Value rent

For example, when you do not have enough capital to buy an apartment in the center of Istanbul, you will choose a neighborhood away from the city center to get lower prices. 

On the other hand, choosing your property in a location close to the metro and rapid transit stations is more attractive to tenants, especially students and tourists, so if you want to rent a furnished apartment in Turkey, you must buy it in a place served by modern transportation. 

For student housing, choosing the location closest to the universities remains their preferred option. If you want to rent your apartment to students, make it close to more than one university.

 

Select the appropriate rental value to achieve your goal

Here it is necessary to point out an important matter when buying a property in Turkey to be rented, you are between two options:

  • Either you have an additional amount of money that you want to buy a property to invest in, here you generally have no problem with the rent value.

  • But if you need a monthly financial resource, here you must choose the most suitable property for you, which achieves the largest possible rental return, covers your needs, or achieves your desired goal.

An urgent question will surely come to your mind:

What if the monthly rent is not enough for you, and you do not have the capital to buy an apartment that will bring you the rent you want?

There are a lot of plans to make this happen:

  • Obtaining a real estate loan, but make sure that the loan does not exceed 40% of the property price so as not to take a long time in paying the monthly installments.

  • Find a partner

  • Buying an apartment under construction

  • Buying a commercial store or office instead of an apartment, because the monthly rent for offices and shops is higher than the monthly rent for housing.

  • Equip the apartment with the appropriate furniture and rent a furnished apartment to get a higher monthly return.

 

Before doing any of the above, you should study the real estate market in the area in which you want to buy and rent an apartment, to know the average price per square meter and its average monthly rent.

 

Diversify your real estate investments

If you want to buy more than one property in Turkey with the intention of renting it, you must rely on diversifying your investments, for example, buy an apartment and a shop, or buy two apartments in two different locations.

The benefit of diversifying real estate investment is to enter more than one field and obtain a broader experience in renting real estate in Turkey, and this method helps you to increase your confidence in your real estate investments in Turkey and increase your desire to expand it.

 

Good publicity for your property

Even if you do not have to advertise for a long time about an apartment for rent, the media aspect must be taken care of because it represents your advertising front and the most appropriate promotional method.

In order to achieve the most successful publicity for renting your property in Turkey, do the following:

  • Photographing the apartment, rooms, and view in a professional and accurate manner

  • Pay attention to the lighting level while shooting

  • You must publish the advertisement in groups and platforms interested in renting real estate in Turkey, whether on Facebook, Telegram, or WhatsApp.

  • Ask the help of a real estate office for this if you do not have enough time for advertising.

 

Some real estate investment projects need permanent follow-up, such as renting furnished apartments in Turkey, or youth housing in Turkey. In both cases, you need a permanent presence on social media, publishing, media follow-up, and advertising in a way that achieves you a presence on these platforms.

 

Other tips about renting a property in Turkey

Here are some other tips that increase your possibility of getting additional profits from renting your property in Turkey, through the following:

  • Separate your personal choices in determining the property, and the investment options, because a residential apartment is different from a rental apartment.

  • Be realistic in calculating your expected profits and monthly returns

  • Full and continuous knowledge of real estate laws in Turkey

  • Select the tenant carefully so that you do not run into problems with not paying rent regularly, and maintain your apartment and its furniture if it is furnished.

  • Take good care of studying the feasibility of renting your property in Turkey on an ongoing basis, and try to correct the mistakes you make each time to gain more experience in the field of real estate rental in Turkey

 

Do not hesitate to invest in real estate in Turkey, and at the same time do not be reckless, make up your mind after an actual study of any real estate investment project that you would like to delve into, and we in Fanar can help you choose a property to buy to obtain its profitable returns according to your goal of leasing, with legal steps and useful consultations And perfect services that enable you to achieve your goal with ease.