Investment
The Pros and Cons Buying Ready Villa vs Buying Land in Bali: An In-Depth Comparison
April 29, 2023 •
4 min read
Bali is a beautiful island with a rich culture, stunning landscapes, and an amazing real estate market. Many people dream of owning a villa or a piece of land in Bali. However, there are pros and cons to both buying a ready villa vs a piece of land in Bali, and in this article, we will take an in-depth look at them.
There are pros and cons to both buying a ready villa vs land in Bali, and the choice ultimately depends on your personal circumstances and preferences. If you are looking for convenience, amenities, and location, then buying a ready villa might be the best option for you to free yourself from the hustle of running around the island to look for furniture.
If you need more information, reach out to us for any free consultation! We will be great hands for your Bali Villa Investment.
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Type of property ownership dedicated for local investors or foreigners under legal cooperation in Indonesia. The freeholder of a property owns it outright, including the land it is built on. If you buy freehold, you’re responsible for maintaining your property and land, so you’ll need to budget for these costs and taxes.
Surat Hak Milik (SHM) / Surat Hak Guna Bangunan (SHGB)
Lifetime, or until it’s sold to a new owner
Indonesian individual only or foreigner who has a company in Indonesia (PMA) to buy the property under that company’s name
Type of property ownership for foreign investors who are willing to purchase the property as an individual. With leasehold, you own the property (subject to the terms of the leasehold) for the length of your lease agreement with the freeholder. When the lease ends, ownership returns to the freeholder, unless the contract states guaranteed lease extension at future market price.
Akta Sewa / Right to use – Right to rent
Average 20-30 years, with possible extension. Maximum 99 years
All people including Indonesian and foreigner with KITAS-Visa status