Buying Property in Bali: A Comprehensive Guide. Part 3
- Olga Kurak
- Nov 20, 2024
- 5 min read
Hello everyone!
Welcome to the third and final part of our blog series on how to invest in Bali. In this post, we’ll summarize the key steps you need to consider to maximize the benefits of your investment. Whether you’re exploring buying property in Bali or refining your investment strategy, these insights will be invaluable.
In the first part, we discussed how to choose a developer and evaluate their reliability and experience. The second part focused on why the project location is crucial for future success and highlighted key points for signing a land lease agreement in Indonesia.
Now, let’s move on to the next important steps: architectural design and construction, payment terms, and villa management—key elements of buying property in Bali.
Buying Property in Bali: Architectural Design and Construction Essentials
Visualizing the project on paper
Owning property in Bali starts with a dream – imagining yourself as the owner of a beautiful villa on the island. Turning that dream into reality requires clear, structured steps. The first of these is architectural design, a crucial stage in the process of buying property in Bali successfully.
When you receive blueprints or renders, take the time to study them carefully:
Where does the morning light come in?
Is the living space open enough and well-connected to other areas?
Are the bedrooms private enough?
Practical aspects are equally important. Look at the storage space, kitchen layout, and bathroom accessibility. Check whether high-traffic areas are designed to handle wear and tear. Ensure there’s enough ventilation for Bali’s climate. Finally, evaluate how seamlessly indoor and outdoor spaces connect. The easier it is to move between living areas and spaces like the pool or garden, the more comfortable the design will feel.
By understanding both the overall vision and finer details on paper, you can avoid future disappointments while making progress in buying property in Bali.
Building regulations in Bali and practical realities
Bali’s climate and building regulations play a big role in your design choices. The island’s coastal humidity means you’ll need durable materials suited to tropical conditions. Discuss this with your developer to ensure long-lasting quality.
Water supply, waste management, and energy efficiency are other important factors. They affect the environment and can also impact your long-term maintenance costs. Reviewing these aspects carefully with your developer ensures your design balances your vision with practical construction realities. Understanding these considerations is key to navigating buying property in Bali with confidence.
Choosing the right partner to realize your dream
Your developer or builder is more than a contractor – they are your long-term partner in making your dream a reality. To find a reliable one, consider these questions:
How much experience do they have building in Bali?
Can they show you completed projects or ones currently under construction?
Have previous clients been satisfied with their properties after completion?
Experienced developers understand Bali’s unique challenges and have portfolios that speak for themselves. Partnering with the right developer is a critical step in buying property in Bali successfully.
Staying involved from afar
Construction takes time, and if you’re not based in Bali, staying updated is essential. A reliable developer will provide regular updates via photos, videos, or even drone footage. Weekly reports and group chats can help you stay informed without being overwhelmed by small decisions.
Payment Terms and Cooperation When Buying Property in Bali
Contracts and conditions – know what you’re signing
When formalizing your investment, you’ll likely sign several agreements. These might include contracts for the land lease, construction, and additional services like property management. Each contract should clearly outline:
Payment schedules and amounts.
What’s included in the cost.
Any additional charges you might face.
Who handles permits and approvals.
The roles and responsibilities of both parties.
Understanding and negotiating contracts is an integral part of buying property in Bali safely and successfully.
Identifying hidden costs
Some additional costs may surprise investors if not discussed early. These might include:
Legal and notary fees for land leases.
Permit or tax fees for foreign investments.
Infrastructure expenses, like road access or utilities.
These costs aren’t always “hidden” but are often overlooked. A good developer will address them upfront. Working with a lawyer familiar with Indonesian law ensures your contracts are clear and transparent.
Payment structure
Payment plans can vary depending on your agreement. Some developers prefer staged payments tied to construction milestones, while others require larger upfront sums. Typical payment stages include:
An initial deposit to secure the land.
A first payment before construction begins.
Installments during construction.
A final payment upon project completion.
Having clarity on payment terms is crucial for anyone learning how to invest in Bali or exploring buying property in Bali.
Villa Management: A Key to Success
Who will manage your property?
Congratulations – your villa is complete!But what’s next? Managing your property is crucial if you plan to generate rental income and enjoy steady returns. A professional management company should handle all daily operations, including:
Marketing and ensuring high occupancy.
Staff management and quality control.
Managing bookings and guest communication.
Check-ins, check-outs, and cleaning services.
Maintenance and inventory management.
Tracking income and expenses.
Regular reporting to investors.
Choosing the right management company is one of the final steps in how to invest in Bali and ensure long-term success.
Choosing the right management company
Look for a company with proven experience managing properties in Bali. Check online reviews, visit managed villas, and evaluate their condition. If the company is new to Bali, ensure their staff has relevant experience elsewhere.
The agreement should clearly outline the company’s responsibilities. Most management companies in Bali charge a percentage of rental income (usually 10–20%). Confirm what’s included in this fee and what might incur additional charges, such as marketing, utilities, or OTA commissions.
With a professional management company, you can focus on enjoying the returns from your investment while avoiding unnecessary stress.
Why Serena Villas Uluwatu Is a Smart Investment
Located in a peaceful, green area of Uluwatu, Serena Villas Uluwatu offers thoughtfully designed villas that harmonize with the surrounding landscape. Built with style and durability in mind, our project ensures high-quality living on the island.
To simplify the documentation process, we partner with a trusted consulting firm that provides full legal support to our clients.
Our portfolio includes 25 completed projects in Bali, with 7 more currently in progress. This extensive experience allows us to understand every stage of the real estate market on the island – from design to full-service property management.
If you’re serious about buying property in Bali and making a smart investment, we’re here to guide you every step of the way.
Interested and want to learn more?
Visit us at www.serenavillasuluwatu.com or contact us on WhatsApp at +62 821 47845541.
See you in Bali!
Olya
Kommentarer