Bodrum Real Estate > Should I rent or buy a Bodrum property

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Bodrum Real Estate Calculator
Finding a Home In Bodrum If you plan to rent or buy a property in Bodrum, finding your property will be a major step in your relocation to Bodrum. If you have not lived in Bodrum, you should rent rather than buy your property in Bodrum, at least for six months. If you would like to rent or buy a real-estate property in Bodrum 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 Bodrum is the place you want to live or retire for the next few years, but also if Bodrum is suited for you. Apartments & Houses in Bodrum If you are planning on living in Bodrum, 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 Bodrum to point out the negatives of a place they're trying to rent or sell you. Bodrum Agencies Real-estate agencies in Bodrum advertise in local Bodrum newspapers and as well on their office windows. You should be able to notice a real estate agency in Bodrum by the window full of ads for the different apartments or houses they have available for rent or sell in Bodrum. Before you begin working with an agency in Bodrum, check that their fees are acceptable and that they are a member of the Bodrum Real-estate Assocation. In most rental agreements in Bodrum most agencies charge a month's rent for a twelve-month rental agreement. When selling a property in Bodrum, real-estate agents in Bodrum usually charge between 2.5% and 3% of the final sales price.
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Total estimated cost of renting a property in Bodrum:	$
Total estimated cost of buying a property in Bodrum:	$


After coming to an agreement on a rental or purchase, both parties in Bodrum sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Bodrum 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 Bodrum will be affixed to the agreement. Renting Real estate agencies in Bodrum are the safest way if you want to rent or buy a property in Bodrum. Please make sure they are a licensed agent in Bodrum and very familiar with the Bodrum property market. Local newspapers in Bodrum also advertise apartments and houses for rent, but word of mouth is the best way in Bodrum. If you are currently an academic in Bodrum, you could check local at local universities in Bodrum, where apartments or rooms for rent are commonly posted. In general rental rates in Bodrum, increase by a small percentage each year in accordance with the government's annual cost of living reports in Bodrum. You can find yearly leases in Bodrum, and more short-term housing is available near academic institutes or around tourism areas within Bodrum. Short-term tourist housing in Bodrum is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Bodrum. If you want to buy a property in Bodrum, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Bodrum to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Bodrum. If you are buying a brand new property, you'll need to pay property tax in Bodrum. If your purchase is a luxury property, you may have to pay local taxes in Bodrum and possible stamp duty. Even as a non-resident homeowner in Bodrum, you may become liable for all kind of taxes in Bodrum, including income tax. Bodrum Mortgages If you plan to take a mortgage in Bodrum you need at least a 20% downpayment of the purchase price of the property in Bodrum. Even if you generate rental-income from renting your Bodrum property out, it is not considered by most lenders as you may decide to move in, at a later time. The Bodrum Real Estate calculator will help you to compare the costs of renting a house or condo in Bodrum to the costs of buying a house or condo in Bodrum. Since there are all kinds of forces at work behind the scenes such as the current interest in Bodrum, Bodrum property taxes, tax savings, appreciation in general to investments in Bodrum, comparing the cost of renting to the cost of buying in Bodrum is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. The Bodrum 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 Bodrum. 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 Bodrum Bodrum Multi-Family Traditional, multi-family residential complexes located in Bodrum and suburban markets of Bodrum. Bodrum Mixed-Use Properties in Bodrum that integrate and combine residential with different uses, including retail and office spaces. Bodrum Office Traditional office or office type properties in Bodrum. Bodrum Retail Properties in Bodrum with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Bodrum. Bodrum Light Industrial Single- or multi-tenanted spaces in Bodrum used for warehouse, manufacturing, distribution, or research and development in Bodrum.

Bodrum Real Estate Calculator