Monday, July 11, 2016

Crucial Points To Be Considered When Investing In Bali Property

By Mary Moore


When you are looking at investment opportunities in homes for either vacations or living houses you should consider looking at the properties available in Bali. Investors are blown away by the various things that are available in this place like great real estate opportunities, gardens, scenic parks and sandy white beaches. You should ensure that you consider the following points before buying Bali property.

You should consider how close the land you are interested in is to the temples that exist in Indonesia as building projects are prohibited in areas near them. There are various buildings that exist near temples but you should not risk it. It is important to make certain that you get assurances from the local government to ensure that you do not have issues later.

The ownership of trees and also crops that will be present in the land that you plan to purchase ought to be established. There are some trees and crops that maybe present in your land but the produce from them is harvested by farmers. The crops that are mostly harvested by farmers are coconut and mango trees.

Building permits should be another important point that you should consider before making any plans to buy property anywhere in Bali. This is usually a statutory requirement for any building that is to be built in Indonesia and these permits are supposed to be prominently displayed. It is possible to start looking for the permits while still taking part in the sale negotiations.

If you will be buying a house then it would be important to ensure that it will be connected to the water system in the town or whether it uses a borehole or well. If the water is present in the land in terms of a well then you should ensure that it will be sufficient to fulfill your needs. On the same breath you ought to check if the house is connected to electricity supply and whether it has adequate wattage.

You should consider hiring a reliable and honest notary to handle the transactions you will enter in as you acquire property. If you find a notary located in the same place as the land you will be buying then it would even be better. However, ensure that the transaction is handled in a transparent way.

The access roads that link your land to the main roads should also be considered too before purchasing the land to ensure that you will not be blocked from accessing it. Establish if they are owned by private persons or they are public to be informed. If they are privately owned then you should know the charges that you will have to pay in order to be allowed access to your land.

It is also important to look if you know of any foreigner that has acquired any sort of properties based in Bali and seek advice from them. You will find that there are some communities who live in villages that you must pay some amount of money in order to join them. You should strive to become part of a community as the area is community focused.




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