2.5 million people visit Bali every year, its golden sandy beaches, richly decorated and quiet temples and beautiful smiling people: they prove to be a great attraction for people all over the world. After a catastrophic shelling, security throughout the region has improved significantly and stabilized, and visitors are returning to the island with massive smiles.
Despite the widespread belief, it is not guaranteed that buying a bali villa reservations is easy or cheap, and there are local laws that should be considered at every step of the way. It is also worth mentioning that a holiday home can have high maintenance costs that must be covered even if you do not satisfy your new wishes, so careful planning is of utmost importance.
Legality of buying a villa in Bali
Many new investors in Bali did not initially realize that foreigners cannot own land and are not allowed to own property rights to any particular building. The only option for foreigners who want to take advantage of the property in Bali is to buy it.
This type of lease often does not have real value for investors, since any financial product, such as a mortgage with this type of agreement, cannot be obtained. Another real problem is that it limits the rental of your villa to other tourists in Bali when you are not using it with your friends and family.
When buying a villa in Bali, the local experience is priceless
If you do not remove anything else from this article, the most important tip you will get about buying a villa in Bali is this: take time to visit the island before making a deal, and ideally at different times of the year.
Choosing the best place for your new Bali villa and investments that change your life are of the utmost importance, so be sure to try it before you buy. Move around the island, get an idea of the different places, design and type of expatriates who live there.
Amanda Richards is a writer of Sites By design. She likes to spend her free time wandering. The world is her oyster and nothing can keep her from many adventures.