Bali is a beautiful island belonging to Indonesia with breathtaking scenery along its sandy beaches. Over the years it has become a great tourist attraction, so it is no wonder that many locals and foreigners decide to invest in Bali property. Naturally the locals have an edge over the foreigners, so some foreigners get discouraged. If you are a foreign investor, the following tips will help you avoid trouble.
The first thing you must consider is the location. Most people visit Bali to enjoy the ocean view, so a location close to the beach will probably be more profitable. Most people would prefer a villa with an ocean view as opposed to one that hasn’t. A quiet location is probably better than a noisy neighbourhood. Always opt to invest in a location that you like. If you don’t like it most probably others wouldn’t like too.
If you want to put up Bali villas for sale consider the initial cost as well as the cost it takes to break even. Initial investment will be high in Seminyak while its return on investment will be faster. North Bali and a few surrounding islands will have a lower initial investment and a slower return on investment.
Do your research
It is important that you find out what types of tourists are attracted to the location you chose. Usually Singaporeans prefer villas with a modern touch while the French prefer old school designs. Although preferences may differ from person to person it’s important that you decide on your target market before you design the villa. You will also get more customers if you list yourself in the proper platforms.
Always plan your expenses before you begin any project. The prices of the villas for sale in Bali are changing rapidly so ask reliable, up to date sources for this information. Apart from the construction fees you will have to invest in furniture and staff for your villa.
Find a reliable agent and a good notary
This is probably the most important step in this process, because you will probably be unfamiliar with the legal proceedings as well as the language. A good agent associated to a legitimate company will give you proper advice and will always be there in case complications arise. They will also have a contract with the land owner who provides the land for you. Stay away from those who are vague about their relationship to the land owner.
A good notary is essential to guide you through the complicated legal process. No foreigner can own land in Indonesia. It can only be leased to foreigners. If you want to own it, it can be done through a legal foreign investment company or via a nominee who is an Indonesian citizen.
These are the basics you will have to consider. Most importantly be familiar with all the rules and regulations that apply to your project. Also have business deals with people who are reliable. This way you can be spared a lot of trouble.