The most important step for your investment is to learn the real value of the real estate you have purchased or invested in. There are 3 basic methods to learn this;
Home Value Calculation Based on Rent: The simplest method you can use to calculate the value of your home is to examine the monthly rental prices. Of course, a house with a high rental price has a higher value, and a house with a low rental price has a lower value. 214 monthly rental price is calculated for housing value calculation in Turkey.
Price Comparison with Houses in the Same Location: Although the location of the real estate is one of the most important factors that determine the price, it is not enough. For example, you cannot put all the houses in the Bakırköy district of Istanbul in the same bag. There will be a price difference between the houses close to the street, the houses near the beach, or the houses close to the E-5. When calculating the value according to the location of the house, you need to choose a small area. You should only compare the houses on the same street with each other. As there can be great differences between houses in the same neighborhood or on the same street.
Home Value Calculation Instruments: Another way to calculate the value of your home is to use home value calculators. You can reach the average value of the real estate with the calculation tools that you fill in all the properties of the house. Thus, you learn both the possible rental income, the amortization period, and the sale price of the house you own.