Thinking of Buying on a Complex? 5 Things You Should Know
An important consideration once you’ve decided to buy a home in Antalya is the kind of property that will suit you best. Your choice will be influenced by factors such as whether it’s a permanent or holiday home, or if you want to rent it out to third parties.
For some people, buying property on a complex makes the most sense – for example, if you don’t want to worry about garden or pool maintenance, or just prefer to be surrounded by people. If you think it might be best for you, here are a few points to bear in mind.
You can still buy a villa
Most people assume they are limited to apartments if they buy on a complex, but that’s not the case – there are developments that include villas too. For some people, this kind of living gives them the best of both worlds – they still get a private luxury home with a pool, but there’s nobody living directly above or below them. There might be other benefits too, such as access to a gym and leisure facilities.
There will be maintenance costs
When you’re working out your budget, remember to factor in any additional charges for services like pool and grounds maintenance. These might be payable monthly or annually and should be the same for everyone. The arrangements will vary depending on whether there is a dedicated site manager or if such matters are dealt with by the residents or an official committee.
If there are unforeseen necessary costs, such as a roof repair, the total should be divided equally among property owners; some sites might ask you to contribute to an additional fund that covers such circumstances.
Check out the rules
If you find your dream home in Antalya on a complex, make sure you know what’s allowed and what isn’t before you sign on the dotted line. For example, some sites have a strict ‘no pets’ rule, which is no good if you’ve got a four-legged friend in tow. Others have regulations covering any changes you’re allowed to make to your property.
How sociable are you?
Do you enjoy having people around you constantly and being part of a lively community? Or do you prefer a quiet life? If you plan to live in Antalya permanently, you need to consider your location carefully.
Buying on a complex of predominantly holiday lets means summer will be a whirlwind of activity. There’ll be plenty of people around between April and October, and you’ll never be stuck for someone to chat with around the pool. This rapid turnover could make it hard to form long-term friendships, and once the season is over you might find your surroundings are too quiet for your liking. If that’s the case, you’d be better to look at buying in a more residential area.
Conversely, if you value your peace, you might struggle to settle on a complex where new people come and go for six months of the year and the environment might be a bit noisy for your tastes.
Turkish condominium law
If you’re considering buying a home on a complex, you’ll need to know about Turkish condominium law. If a plot has more than a stipulated number of properties – eight, at the time of writing – then a board of condominium owners must be formed to take responsibility for running the site.
The committee is usually made up of those who own property on the site, but outsiders can also be appointed. It can compel owners to maintain their property to required standards and contribute to communal expenses and oversees the appointment of a site manager if one is required. There should be an annual general meeting and a set of official accounts.
The existence of a committee doesn’t preclude any other on-site agreements that might be made regarding meeting communal costs, but these don’t have any legal standing.
You can read the Turkish condominium law in full here.
Thinking of buying?
If you’re looking to buy your own piece of paradise, our experienced team is on hand to guide you through the process. Whether it’s for full-time living or as a holiday rental, or current portfolio ranges from exclusive villas in Kalkan to stunning sea view apartments in Antalya city. We’re always happy to help you find the perfect property and answer any questions you might have.