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Real Estate Calculator

Finding a Home In
If you plan to rent or buy a property in , finding your property will be a major step in your relocation to . If you have not lived in , you should rent rather than buy your property in , at least for six months. If you would like to rent or buy a real-estate property in you may email us at webmaster@turkey-travel-guide.de with your real-estate questions.


It is the best way to know not only if is the place you want to live or retire for the next few years, but also if is suited for you.

Apartments & Houses in
If you are planning on living in , it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don't count on real-estate agents in to point out the negatives of a place they're trying to rent or sell you.

Agencies
Real-estate agencies in advertise in local newspapers and as well on their office windows.

You should be able to notice a real estate agency in by the window full of ads for the different apartments or houses they have available for rent or sell in .

Before you begin working with an agency in , check that their fees are acceptable and that they are a member of the Real-estate Assocation. In most rental agreements in most agencies charge a month's rent for a twelve-month rental agreement.

When selling a property in , real-estate agents in usually charge between 2.5% and 3% of the final sales price.
Monthly rent :$
Monthly rental insurance:$
Expected annual inflation rate in :  %
Purchase price of property in :$
Down payment amount:$
Length of mortgage term (years):#
Mortgage's annual interest rate:  %
Discount points on purchase of home in :  %
Origination fees:  %
Other loan costs in :$
Mortgage Insurance (PMI):  %
Homeowner's insurance rate:  %
Monthly association dues in :$
Average monthly maintenance of property:$
Annual property tax:$
plus government income tax rate:  %
Interest rate you expect to earn on savings in :  %
Expected percentage your home will appreciate by each year:  %
Number of years you will stay in :#
Realtor commission rate:  %
Total estimated cost of renting a property in :$
Total estimated cost of buying a property in :$
After coming to an agreement on a rental or purchase, both parties in sign the contract. However, it is not a legal agreement until the appropriate seals of the city of with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of will be affixed to the agreement.

Renting
Real estate agencies in are the safest way if you want to rent or buy a property in . Please make sure they are a licensed agent in and very familiar with the property market.

Local newspapers in also advertise apartments and houses for rent, but word of mouth is the best way in . If you are currently an academic in , you could check local at local universities in , where apartments or rooms for rent are commonly posted.

In general rental rates in , increase by a small percentage each year in accordance with the government's annual cost of living reports in . You can find yearly leases in , and more short-term housing is available near academic institutes or around tourism areas within .

Short-term tourist housing in is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in .

If you want to buy a property in , I would highly suggest you to have the property checked out by yourself and hire a lawyer in to check how much debts the property has currently registered and if those numbers matched with the seller of the property in .

If you are buying a brand new property, you'll need to pay property tax in . If your purchase is a luxury property, you may have to pay local taxes in and possible stamp duty.

Even as a non-resident homeowner in , you may become liable for all kind of taxes in , including income tax.

Mortgages
If you plan to take a mortgage in you need at least a 20% downpayment of the purchase price of the property in . Even if you generate rental-income from renting your property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Real Estate calculator will help you to compare the costs of renting a house or condo in to the costs of buying a house or condo in . Since there are all kinds of forces at work behind the scenes such as the current interest in , property taxes, tax savings, appreciation in general to investments in , comparing the cost of renting to the cost of buying in is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in .

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in

  • Multi-Family
    Traditional, multi-family residential complexes located in and suburban markets of .


  • Mixed-Use
    Properties in that integrate and combine residential with different uses, including retail and office spaces.

  • Office
    Traditional office or office type properties in .


  • Retail
    Properties in with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within .


  • Light Industrial
    Single- or multi-tenanted spaces in used for warehouse, manufacturing, distribution, or research and development in .

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