Buying Apartment? Know Here Which Payment Scheme Will Suit the Best

1. Buying Apartment? Know Here Which Payment Scheme Will Suit the Best Summary: This blog shares the information about the different payment schemes for the people who are planning to buy apartments in Istanbul. An Overview Buying apartments in Istanbul is a huge financial step that could be substantial for an ordinary family. Most of us get exhausted as our all savings gets expend when buying a home. You can have the option to take some loan to able to pay the total cost of the property. Hence, to make the situation a little stress-free, many builders today offer different payment plans and schemes to ease the situation of payments. Moreover, the different payments are discussed in this blog from which you can choose the one which suits your financial situation as the best: Down-Payment Plan This plan is the most conventional scheme where you and people like you have to pay approximately 10- 15% upfront that is called down payment. At the time of booking of the apartments in Istanbul 80-85% of the total cost within 30-90 days of booking. The remaining 5-10% balance amount, along with additional charges if any is paid at the time of possession. Go for this scheme if the development is near to the completion. This becomes the chance of the builder to miss the deadline. Also, if you have the money and simultaneously trust the builder, you will get the best bargain under this scheme. Construction-Linked Plans As the scheme suggests, the payments done under this plan are linked to the construction stages of the apartments. In this, you have to pay around 25-30% of the purchase price within ninety days from booking time and the balance in the installments can be set on completing different construction stages. It is 10% of the total cost on completion of every floor. Also, you can likely to get discounts as well under this plan. Go for this scheme if the project in real estate of Istanbul is in its initial stages.

2. Time-Linked Plan Below this plan your installments becomes time-bounded. In this, you have to make payments based on a pre-determined calendar set by the builder from the real estate, irrespective of the progress that the project has made. Any delay in the installment means you will have to pay penalties with interests as payable as well. However, the risks are higher; some builders offer a discount on time-linked plans as well. Go for this scheme if the construction of the apartments in Istanbul is in its mid-stages. Flexi-Payment Plans This plan comes with a combination of down-payment and construction-linked plans. In this, you are required to pay 10% when booking the apartments, another 30-40% of the property value within 30 days of the booking. The rest 50% to 40% payment is made in installments similar in a construction- linked plan. The last 10% charges are paid at the time of possession. Since these payments are linked to the stages of construction; it is a safe option in case of any delay. Wrapping Up! Hence, by applying these schemes, you can easily get you desired apartments in Istanbul to live with families. Contact Us Real Estate Antalya Turkey Maximos Cağlayan Mahallesi 2044 Çağla Apartmant 1-7, 07235 Lara/Antalya Ph: 0532 251 4433 Email: info@realestateallturkey.com