Bali, known as one of the greatest tourist destinations in the world, is held very highly when it comes to its real estate value. Even during the pandemic as well as Indonesia’s PPKM that was enacted in January 2021 to prevent an even more widespread of the virus, the market of Bali Real Estate is still often considered to be one of the best.
Due to this, it’s not uncommon for many people such as yourself to be interested in Bali real estate market considering its potential massive potential as the Island of the Gods. Though, it’s also common for you to feel intimidated stepping foot into this still unknown territory in your life.
But, there’s no need to worry about such things with our tips on getting started with Bali property market.
Choose the location you love
When it comes to property, especially Bali real estate, the most important thing before choosing a location is to determine whether you love it or not.
Bali is a gorgeous place overall, and its real estate do offers tons and tons of location to choose from, but, choosing one that you love will resonate with other foreigners and potential guests in the area, resulting in even more returns on your Bali property investment.
Don’t choose a place that’s faraway from the sea
One of Bali’s most prominent attractions for foreigners and tourists are its beach and surfing activities. As such, when you’re thinking on investing in Bali real estate, choose a place that’s close to the beach because visitors often won’t compromise when it comes to beach distance.
A good location to start looking into is Seminyak due to its strategic location on being near the sea, as well as its reputation on one that’s generally safe to invest to even for beginners, though that comes with the cost of it being more expensive.
Choose one with an agent that’s properly recognized
Considering its potential to grow in the future, there are a lot of sharks and charlatans in the Bali real estate market that’s ready to rip you off because you’re just starting out in this business.
So, before buying or building any villas, make sure to know that your agent is one that’s known and recognized in the market because investing in Bali property market through some shady or sketchy ways can lead to some unpleasant situations for yourself.
Understand the country’s property laws
Before you start even thinking of investing in Bali real estate, do your homework regarding Indonesia’s property laws first.
There are a lot of things that have changed at the time of writing this article, and due to the limitation of said media, it’s impossible to list out the things you need to keep an eye on for these laws.
So, make sure you understand what you’re going to do first before making any decision. That being said, a good agent will often fill this information in for you, but knowing beforehand can still be handy nonetheless to avoid any frauds or schemes being done to you.
Don’t put all your eggs in one basket
While investing in a generally more popular area such as Seminyak, Canggu, Jimbaran and Uluwatu often considered to be good business practice, especially for people that are just starting out, it’s also important to point out to not invest everything you have into one location when it comes to Bali real estate market.
Indonesia, in its nature, is still a developing country, so there are always potentials to be discovered in places that was thought profitless for people. Always keep an eye out on the market and try to snatch the hidden jewel before anyone else.
Know the risk
If you’re thinking of Bali real estate, chances are you’re thinking to make profit off of it. With profit, there’ll always be risks involved in them, and Bali real estate is no different. Considering that it is a tourist destination, things such as the pandemic that’s going on right now can put a damper on your business.
So, before you start to actually invest, make sure to do your homework and understand the risks that are inherent with the real estate market, especially on a location as popular as Bali.
However, if the reason you’re looking on to Bali real estate is because you’re only looking for a place to settle for your family or your own retirement, then just choose a location that you liked the most.
Look to professionals
If by any chances you are still confused or have question about Bali real estate, especially for things that involves villas hunt, then perhaps it’s time to ask a professional yourself.
A good proponent for this would be Satya Puri Studio Consultant, being already in the Bali real estate market for over four years already, Satya Puri Studio has already made a name for themselves when it comes to advices on helping investors look for villas to rent, buy, or sell.
And besides Satya Puri Studio, there are of course many others professionals in the market that you can trust, so again, if you’re confused, just ask the professionals.
A professional’s help is also a good way to prevent yourself from getting blindsided with the business too as they can help fill you in on what information you’re missing in these lines of work.
And with that, ends this article on the Bali real estate market. It’s though doing real estate business on a place like Bali with the pandemic going on, but it will end eventually, and the Island of the Gods, is definitely a good place to start your real estate investment journey when the time is finally right.
Conclusion
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That’s all for us for now, thank you for reading this article up to this point, we hope you liked it, and we’ll see you again next time with another article that’s just as informative and useful. Goodbye and stay safe!