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Real Estate Renovation Cost in Turkey

Published on Jul 4, 2023
Published on Mar 15 2025
Kourosh Soleymani

The Ultimate Guide to Buying, Renovating and Selling Homes in Turkey

Real Estate Renovation Cost in Turkey:
If you are thinking about buying a home in Turkey, renovating it, and selling it for a profit, you might have many questions. Is it a good business? How much money do you need? Which cities are the best for this kind of investment? What does home renovation even mean? If you are new to real estate or just starting to explore the idea of renovation, this guide will walk you through everything you need to know in simple and clear terms.

Many people think of home renovation as simply repainting walls or changing some furniture, but in reality, it can be much more than that. A well-renovated home can increase in value significantly, allowing you to make a good profit when you sell it. However, renovation also comes with risks and challenges, so it is important to understand the process before making any decisions. This guide will explain everything in a way that is easy to understand, even if you have no prior knowledge of home renovation or real estate in Turkey.

What is Home Renovation?

Home renovation means improving or upgrading a property to make it more valuable, comfortable, and functional. Renovation can be small, like repainting walls or changing floors, or it can be big, like changing the entire layout of the home, upgrading plumbing and electricity, or even adding new rooms.

Renovation is not just for old homes. Many new homes are sold with basic features, and owners choose to renovate them by adding better-quality materials, changing the kitchen design, or improving the bathrooms. However, in most cases, older homes need renovation more because they may have outdated designs, damaged floors, old plumbing, or weak electrical systems that need upgrading.

The goal of renovation is to make the home more attractive, functional, and modern so that it can be sold at a higher price. Buyers are usually willing to pay more for a well-renovated home because it saves them the trouble of doing the work themselves.

How Much Does a Real Estate Renovation Cost in Turkey?

Renovation costs depend on many factors, including the size of the home, the materials used, and the type of changes needed. Below are some general price ranges based on different levels of renovation.

1. Basic Renovation (100 – 300 dollars per square meter)

Basic renovation is mostly cosmetic and includes simple upgrades such as repainting, replacing floors, fixing minor plumbing issues, and updating lighting. This level of renovation is ideal for homes that are already in good condition but just need a little refreshing to look more modern and clean.

2. Moderate Renovation (300 – 600 dollars per square meter)

Moderate renovation includes more serious upgrades, such as changing the entire kitchen or bathroom, installing new doors and windows, improving insulation, and upgrading plumbing and electrical systems. This is a good option for homes that need more than just cosmetic changes but are not in terrible condition.

3. Extensive Renovation (600 – 1,000+ dollars per square meter)

Extensive renovation is usually for homes that are very old or in poor condition. This level of renovation can include major structural repairs, replacing the roof, changing the layout of the home, installing high-end materials, and even rebuilding parts of the property. It requires more time and a higher budget, but it can also increase the property value significantly.

For example, if you are renovating a 100-square-meter apartment in Istanbul, the cost will vary depending on the level of renovation:

Basic renovation: 10,000 – 30,000 dollars
Moderate renovation: 30,000 – 60,000 dollars
Extensive renovation: 60,000 – 100,000 dollars

Real Estate Renovation Cost in Turkey: Best Cities to Buy a Home

Istanbul

Istanbul is the most popular city in Turkey for real estate investment. The market is strong, and there is high demand for renovated homes, especially in central and developing areas. Renovated homes in Istanbul can sell for much higher prices than non-renovated ones. However, buying property in Istanbul is more expensive compared to other cities, so the initial investment will be higher. Some of the best areas for renovation investments include Beylikdüzü, Esenyurt, Kadıköy, and Şişli.

Antalya

Antalya is a great choice for real estate investment, especially if you plan to sell to foreign buyers. Many tourists and expatriates are interested in buying homes in Antalya, and renovated properties sell well. The city has a strong rental market, making it a good option for both selling and renting. Some of the best areas for investment include Lara, Konyaaltı, and Kepez.

Izmir

Izmir is another growing real estate market with good investment potential. The city is known for its coastal beauty and relaxed lifestyle, making it attractive for both local and foreign buyers. Renovated homes, especially in modern areas, can sell at good prices. Some of the best areas for renovation investment include Karşıyaka, Alsancak, and Bornova.

Bursa

Bursa is a more affordable city compared to Istanbul and Antalya, but it has high growth potential. The real estate market is developing, and renovated homes can sell for a good profit. Because property prices are lower, the total investment required is also lower, making it a good option for beginners. The best areas to invest in Bursa include Nilüfer and Osmangazi.

Ankara

Ankara, the capital of Turkey, has a stable real estate market and is a good place for medium-term investment. It is not as fast-growing as Istanbul or Antalya, but it offers steady property value appreciation. The best areas for renovation projects include Çankaya and Eryaman.

Should You Renovate and Sell or Sell As-Is?

If you already own a property in Turkey, you might be wondering whether to renovate it before selling or just sell it as it is. The right decision depends on several factors.

Selling without renovation is the easiest and fastest option because you do not have to spend money or time on renovations. However, buyers may negotiate for a lower price, especially if the home is outdated or needs repairs.

Renovating before selling can increase the home’s value and attract more buyers. A well-renovated home can sell for 20 to 40 percent more than its original price. However, this requires additional investment and time. If your home only needs small improvements like repainting and fixing minor issues, renovation is usually a good idea. But if major structural repairs are needed, selling as-is might be the better choice.

If your property is in a tourist area, selling it fully furnished can also increase its value. Foreign buyers, especially those purchasing vacation homes, often prefer fully furnished homes to avoid the hassle of decorating.

Is Renovating and Selling Homes in Turkey a Smart Investment?

Buying, renovating, and selling homes in Turkey can be a profitable business if done correctly. The key to success is choosing the right city, controlling renovation costs, and understanding the market demand. If you have the budget to invest, a well-renovated home can bring in significant profits. However, it is also important to carefully calculate costs and ensure that the renovation does not become more expensive than the potential profit.

If you are considering getting started with home renovation in Turkey, research the market carefully and consider consulting with a local real estate expert to get accurate cost estimates.

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