Calis Beach and Fethiye Turkey Discussion Forum
Property For Sale in Calis Beach & Turkey => Moving To Turkey => Topic started by: kayakebab on October 18, 2010, 07:57:54 AM
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have wanted to move to Fethiye area since the first visit in 1994. Both kids have flown the nest and its time to stop dreaming and put the plan together!
Phase 1 at the weekend, went house hunting in Portsmouth and want to buy a 2 up 2 down to make into 4 beds to rent to students to provide an income to live in Turkey.
Have seen 2 possibles, 1 bare shell which would need a bit of partitioning, carpets, take kitchen units out & reaarange & furniture.
The other needs a partition in dining room, but otherwise could let it immediately & is mostly furnished but a bit dearer.
Big question now is whether to remortgage existing house to release equity for student house & stay in UK til it feels like the right time to go or sell existing house,then look for & pay cash for student house & book a flight! This way I would have somewhere for my furniture, microwave fridge etc.
Didnt sleep much last night, so many ifs & ands and knowing what order to do it all.
Have woken up wondering whether to call local agent to sell mine or phone Portsmouth agent & buy furnished one.
Bet I end up going off to work without doing either!
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If you mean to put all your stuff into a student house then don't put anything in it that you care about as you may have nothing left to come back too. My son lived in a student house with his friends and believe me it was not a pretty sight. Who will look after the student house regarding letting it etc.? Is there a reason you want to let to students? If you are wanting to buy to rent why not just couples? Is student housing cheaper to buy in Portsmouth? In our experience renters seldom look after your furniture etc.
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This brings back the feeling of how desperate we were to come and live here in Fethiye. The discussions went on for months and months. Ours where mostly illness related problems that could crop up but there will always be an excuse if you want one. We bit the bullet and came and we love it. I really feel for people who are just not in a financial position to come and live in the place that they also love.
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Our neighbour here in Turkey considered similar renting to students and concluded that he would earn almost the same at 8% in the bank as he would after agents fees / breakages / insurance etc
Why not downsize in the UK and rent out here first for 6-months?
A lot of people I know that have bought and live here say they would rent if they could turn the clock back.
We have just finished our first 6-months in our apartment to learn some lessons and we want more of it but:
1. We really like it but do not want to be here more than 3 months without "nipping home" to see families.
2. August was unbearable - half of July as bad - too hot
3. We can live much cheaper than I thought and I am a cheapskate - admittedly we do not drink / smoke or own a car here
4. Our conclusion that keeps us both happy - we will come out Mar - April - May - go home June - July - Aug back Sept - Oct - Nov then home for Dec - Jan - Feb
We will do some temp work when we go home and those periods are good for temping. Those periods also work well with residency or not!!
We never thought that would be our conclusion 6-months ago but the flights our now booked for next year :)
So why not dip your toe first before jumping in is my advice - you could even rent your house for a 6 months so you have the same base to go back to just in case but either way YES do it!!
Ian :)
Ps Just had my haircut and washed for 5 lira - in internet Cafe (1 lira) with a lovely coffee - cost 50 kurus - give me more :D
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5. Don't buy furniture that looks like a big tomb
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Oh Linda - just to it !! You are so lucky to be able to be thinking along these lines. We can't wait to do the same thing, we have a daughter at college so are probably looking at 5 years before we take the plunge....but we can't wait...so exciting !! Whatever you decide...good luck.
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We were only trying to fit in - Lycian Era and all that :D
quote:
Originally posted by Scunner
5. Don't buy furniture that looks like a big tomb
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Cheeky bugger-I'm sat with my feet up on that "Big Tomb" right now - we love it!
At least it's stopped the other half moaning that his legs ache :)
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or sell there - rent here - earn money on the interest which may well cover your rent and living expenses depending on how much you have equity - your capital will be untouched and you then have choice further down the line - buy here if you like it or take your capital back to the UK as a cash buyer you will be in a good position to bargain. Just another suggestion.
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Thanks for all the advice & words of encouragement.
The reason for the student house is that my son has just started uni in Portsmouth & is living in the grottiest 2 up 2 down that the landlord has adapted to squeeze 5 students in. The understairs shower room is interesting!
Well....Ive put an offer on a little terraced house and looks like I will get it for £125k ( couldnt get much for that here in Brighton !)
Then will be able to rent to 4 students & my son will be able to get a reduced rate in return for looking after it.
Have had my house valued & its going on the market today.
Im terrified, but really excited too.
Have no idea how the timings are going to work & how people begin to transport belongings or how I get the cat there...... not been sleeping much!
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All I can say is go for it.!!!You will get all the advice you need from people on the forum. Good luck.
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Hi there I have been dreaming of moving to Turkey for a few years now. 3 years ago we put our house on the market and almost sold it but then the market took a dive and this never happened.We decided to take the house off the market and wait till things picked up. Still waiting. I work for the council and recently our council is offering voluntary redundancy. I looked at my redundancy forcast payment after 29 years as a council employee and am shocked to find my payment would be 24,000. What a cheek. I thought I may be able to get early retirement as well but because the early retirement age went from 50 to 55 in April this year I cant have early retirement. I am 53. Believe me I am constantly thinking of how I could go to Turkey, even if it were for 3 months at a time like Ian. I would love this opportunity. It just isnt meant to be for now but when I get the chance im off to Turkey. Good luck to anyone is is now at the stage where they can sell up and go. Ah well I believe in fate. I still have dreams of the great escape. like those posts above i really can understand those who feel like me about planning the great escape. x
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Thanks so much for all the words of support,much needed at the moment!
Put my house on the market 4 days ago and have had 2 offers, one for the full price and one 5K under - but she is renting and mortgage ready- and could be as quick as 6 weeks
Yikes!
After 16 years dreaming the reality now is surprisingly scary.
I spent much of the day yesterday on the phone to my sister doing all the ifs and ands and guilty feelings of leaving parents & children. (grown adults who have left home as I keep being reminded)
Shes right behind me, told me in no uncertain terms to just do it! Shes already planning her summer holiday and has requested I have somewhere with a pool.
My daughter is travelling in Africa at the mo, and back in December, would have liked to have talked it through with her, but then shes always known Ive wanted to do it.
Not sure she'll be impressed that we may well all end up at a local Church or soup kitchen for Christmas dinner...
Im off to Thailand tomorrow,and who knows how far along things might be when I get back.
please keep telling me your positive stories,and keep the negatives as nice as possible!
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How exciting. remember you aren't going to the end of the world, it is only four hours flight away, so if you are needed you can get back within 24 hours. I'm sure your family will be pleased for you and will want you to follow your dream.
In terms of moggie transport - I believe some airlines will let you carry her on board in a carrier if you purchase a seat for her. I can't remember which airline....or if rules have changed.
Good luck - go for it !
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Oh wow things are happening so don't get twitchy now. Be brave just go for it. You are not too far away if you need to return to the UK. Good luck and keep us posted.
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Thank you, I will. I suddenly have so many questions in my head that I'd never thought of before, thank goodness for this forum
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I've emailed you re: bringing pets
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Can I be you pet please
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thanks ever so much. Heather can you squeeze in a cat basket?