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Top Tips to Buy Villas For Sale in Seminyak
24 June 2020 by Ade
There are many villas for sale in Seminyak, and this is a good indication of a healthy housing market. After all, a villa will return nearly twice the overall investment when they are sold back to the market. More villas for sale means more competition and lowering prices, even at such prime real estate.
Of course, pricing should not be your only concern. Villas come in all sizes and styles, with varying reliability (of utilities and facilities), as well as in locations that offer a huge difference in experience. In this article, we’ll cover some tips on buying villas in Seminyak for a great investment.
1. Size and style
The size and style of your villa will determine your target market. While it’s clear that larger villas can accommodate more people and therefore generate more revenue, this doesn’t mean smaller villas are not profitable.
Smaller, single-bedroom villas can be an accommodating place for young, mobile, digital nomads who seek remote working conditions at a holiday destination. Smaller villas are easier to maintain, keeping your costs and risks low.
Larger, more spacious villas can accommodate families on holiday, but sometimes (and especially if you maintain a budget pricing) a group of young people (e.g. students, travellers) can use it as a monthly rental. You may need to hire a housekeeper to monitor the number of guests staying and keep an eye on undesired activities.
2. Reliability and utilities
Seminyak is generally well maintained when it comes to providing a reliable supply of electricity and water. However, you can have two choices in providing clean water – groundwater (air sumur) and water pipeline (PAM as the locals call it).
The former can save you money in the long-run, although with high overhead cost of drilling and filtration, and finding a permit. However, do keep a connection to the pipeline in case of draught. You may connect the pipeline to the shower, while the groundwater to the sink and washing area. This way you can save a lot of money.
Keep in mind that neither of the water sources are drinkable, so you need to provide a steady supply of drinking water by supplying at least two 19L water gallons per month per person.
3. Location and experience
The closer the villa is to popular locations, such as the beach, the mall, and restaurants, the more expensive it is, and therefore you need to keep an eye on the market price as well as their experience offers.
The proximity of the villa to popular destinations will determine the experience of staying there, but this experience can differ in various market segments. For example, younger guests in groups of no more than two are likely to go around on rented motorcycles, so they have no problem with villas that are relatively far from popular destinations.
Manage your villa with Bali Coconut Living
Property is one of the best businesses with high returns and relatively low risk, provided that you invest in the right location, such as Seminyak. Once you have purchased your villa, you will need to invest in time to manage your villa.
Our villa management service does more than simply to manage the villa. We are able to provide higher value to your guests with a butler and pool-cleaning service. Learn more about our offers.