Sunday, July 10, 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 the proximity of the property you wish to buy from a temple as there are laws that prohibit building within certain ranges to the temple. Although there are houses and buildings that are built near these temples it is important to check with the banjar or local government. This will ensure that you will not face any potential issues when you decide to build a building later on.

The trees and crops that will be growing on the land you want to purchase will have to be established on their ownership. In Bali there are various crops and trees that may be growing on your land but you are not allowed to harvest their produce as there are various farmers who should do that. The most common crops are the coconuts and mango trees.

The issue of getting building permits should also be considered before you decide to buy land from a certain part of Bali. All buildings that are being constructed in Indonesia ought to have building permits and the same should be displayed prominently. You could be in a position to start looking for the building permit while still engrossed in the negotiations for your land.

You should ensure your house will be well connected to a water supply either from the system or a well or borehole. It would be wise to look at the amount of water available to check if it will be sufficient for your uses. Electricity is another vital thing that you should also consider if it is connected and if the wattage it comes with will be effective.

It would be important to find a honest and reliable notary to handle your transaction in properties. It would be imperative if they are located in the same regency that these properties are located. Ensure that they handle every detail of the transactions over board.

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.

If you are aware of any other foreign investors who have bought property in Bali before you it would be important to consider talking to them. There are some villages there that impose some fees on any person joining them and you cannot build before you build your home. Villages in Bali are community focused and you should be part of it.




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