Invest in Bali continues to be encouraged by the Government, including through the Ministry of Investment/BPKM.
In line with that, the growth of invest in Bali is indeed strengthening at the end of the year. Through the official length of the Ministry of Investment / BKPM, some tips need to be considered when planning to invest in Bali.
Among them are making purchases when prices are stable, buying outside the holiday season, adjusting to market demand, and re-checking the availability of facilities.
Property is still an investment instrument that steals the attention of many Indonesian people, especially in strategic and profitable areas such as Bali. The Island of the Gods, which is never empty of domestic and international tourists, is said to be an easy target for investors. Are you also interested invest in Bali in the form of property?
Here are the best tips to consider so that profits are doubled.
Make a purchase when property prices are stable
Please note that property prices in holiday destination areas are relatively more stable when compared to other sites. This means you can buy property anytime to invest in Bali. However, there is no harm in re-checking the property’s market price to be purchased. You are strongly advised to buy property when the market price is stable. Look for as much information as possible from the internet, property agents, or direct market research.
Buy property outside the holiday season
Invest in Bali is tricky because many competing investors also look for properties like you. Generally, they will look for landed houses and then rebuild them into guest houses, villas, or hostels that are more pocket-friendly for backpacker travelers.
Most investors will come during the holiday season to ensure the property’s location is in demand by the market. This condition creates sales competition which increases property prices. Therefore, you should buy a property to invest in Bali during the holiday season. You can more freely bid the price at this time because you don’t have to compete with other investors. As a domestic citizen, you know which strategic locations are suitable for buying property in Bali.
Adjust to market demand
Tips for invest in Bali, the next thing you can do is adjust to market demand. That is, before making a purchase, it is recommended that you conduct a survey of the target market in the environment you are going to. Your investment is guaranteed a lucrative profit if the demand is high enough, but the availability is insufficient.
Read more in Want To Buy Property in Bali? Here’s What You Should Know
Consider a second-hand house
Property prices in holiday areas are higher because the investment value is promising. However, as a novice investor with a limited budget, consider buying a used house.
However, don’t forget to check the condition of the building, the completeness of essential documents, and the environment of the house itself. You can also take advantage of the used house offers from owners who need money. Usually, the previous owner can provide a lower price because they are in a state of urgency.
Double-check the availability of facilities
form of property, namely the availability of facilities. For this reason, it is highly recommended that you conduct a site survey directly. This is important to find out what facilities are available around the property area—for example, the availability of places of worship, supermarkets, pharmacies, ATMs, etc. The more complete the existing facilities, the more attractive your property will be for rent to tourists.
Invest in Bali is quite friendly for those who are still beginners. The benefits can be obtained if you can read and take advantage of the opportunities that exist well. Property investment in Bali is not even limited to buildings in the form of villas, hostels, or guest houses, but also co-working space office buildings, which are currently quite a lot of enthusiasts on the Island of the Gods.
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