Owning Your Own Piece of Bali Magic: What to Look for When Buying Bali Real Estate

Owning Your Own Piece of Bali Magic: What to Look for When Buying Bali Real Estate

Bali is a small island in the chain of Indonesian islands, and one of the most beautiful islands in the world. Bali is more than just a great vacation spot, which is sought after by celebrities and commoners alike, but it is also the perfect place to settle down, or buy a vacation home. Bali real estate has really grown in popularity in recent years. Once the world began to realize that Bali offered luxury and affordability, more and more people are meeting her shores with a sigh and an eye to snatch up a bit of Bali for themselves.

If you'd like to own your own piece of Bali real estate, there are a few things you should consider before making the dive into property ownership.

Location

Before you hand someone your hard earned money, you need to decide the location of the property you wish to buy. If you'd like to live right on the beach, the prices will be higher, but the costs will be worth the private beaches and incredible sunsets. Purchasing property inland will provide you with incredible forest views and plenty of indigenous and endangered wildlife as neighbors.

No matter where you choose to buy property, you'll find that Bali is beautiful and offers much to her people.

Price

As stated above, price of Bali real estate depends on location, property size, amenities, and any applicable taxes and fees. If you have $200,000 USD to spend, you can purchase a 4 bedroom villa with views of the mountains and sea, but not very close to either. If you want to put down a bit more, at $750,000 USD, you can buy a piece of property closer to the beachlet the sun shine in and the breezes kiss your cheek every morning.

You really can own an exotic hideaway for the same price as a much smaller, less luxurious home in the United Statesthat's why Bali real estate is booming.

Use

Another factor you should consider before purchasing real estate in Bali is how will you be using the property? Will it be a vacation home for 4 months out of the year? Will it be your full time residence after retiring? Or will it be used as an investment property as a rental villa?

Your plans for use will determine the size of the property and how much you'll want to sink into it in renovations or upgrades.

Upkeep

One last thing you should consider before buying Bali real estate is how much it will cost in upkeep. If you aren't planning to live there all year round, you'll need to invest in a housekeeping service, gardening service, and security service to go in once a week and care for the property. You don't want to purchase property only to see it fall to pieces while you're gone.

Buying your own piece of Bali magic is totally possible, and using these few simple ideas can help you plan for that perfect purchase.

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