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Things to check before Renting a Villa in Bali
23 April 2019 by Ade
Have you ever dreamed of having your own villa in Bali? Bali’s year-round beautiful weather and stunning scenery makes the island a very desirable place to live. Repeat visitors return time and time again for either a short holiday or an extended long-term stay. Some even consider starting a new life in Bali, making this magnificent island a permanent home. If you’re thinking of securing a holiday home or even residing in this paradise for a long time, renting a villa in Bali could be a great choice for you.
Before deciding however, there are a few points you need to consider. Here are some things to look into before renting a villa or buying your dream property in Bali!
1 The location
Location is one of the most important decisions to make when looking for a villa. When it comes to location, there are many factors to consider such as accessibility, proximity to restaurants, schools, or shopping centers and whether to have rice field views or ocean views. Currently, Seminyak and Canggu are in very high demand when it comes to villa rentals.
2 Accessibility
No matter how beautiful a villa is, always keep in mind accessibility to surrounding areas. Make sure it’s within walking or driving distance to dine, shop and do other regular activities. Find out if the road leading to your villa is in good condition and big enough for other cars to pass by. Check also if the street is full of traffic during the rush hour. If your villa is within close proximity of a nearby temple, be mindful of possible road closures during ceremonies.
3 Your rights
If you are thinking of investing through long-term renting, you should be aware of your property rights in Bali. Regarding real estate, there are various rights that are recognized by the Indonesian law:
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The Right to Use
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The Right to Build
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The Right to Own
Since foreigners have restrictions when it comes to owning properties, the best way to invest is through a leasehold investment. It translates to a long-term lease contract where the Right to Own (owned by the owner) is transferred to you as the Right to Use. With this right, you are able to sub-lease or rent out the villa to other people making it a profitable investment.
4 Reputable property consultants
Choosing the right villa consultant is crucial. When it comes to properties, you want a 5 star service and experience. Bali Coconut Living is a reputable property consultant in Bali. Let us know what you are looking for and our team of real estate experts will assist you.