Closing costs come first. Across different markets, they typically include a buy property in turkey transfer tax, kayalar real estate notary costs, registry costs, the cost of legal advice and agency commission. As a rough planning figure, set aside a meaningful percentage on top of the price, and confirm the exact rates locally.
Yearly taxes on the property follow. Assessment methods vary enormously, and a number of markets apply a separate rate perugia hotel for sale non-residents. Where the property sits empty for much of the year, additional levies may apply.
Community fees are easy to underestimate. An apartment in a complex with a pool, a lift and shared parking comes with monthly costs that run on whether you are there or not. Request recent accounts from the management company prior to purchase, and check on scheduled repairs.
Being far away creates a category of its own. Someone needs to handle keys for maintenance visits, accept correspondence from the authorities, and arrange repairs. Professional management normally charges a percentage of the rent, and managing remotely alone usually proves a false economy.
Insurance, running costs and the cost of selling complete the picture. The tax due on a future sale can apply when a non-resident sells, occasionally at a higher rate. A good discipline is to build a five-year cost model before making an offer — the figure tends to exceed what the buyer imagined.
