Own a villa in bali
villa in Bali
Bali is not only an incredibly beautiful and culturally rich island, but it’s also a trendy place for real estate investment. To own a villa in Bali is popular for both people looking for a vacation home, as for investment.
Additionally, there is a growing expat community of permanent residents, especially around Canggu, Ubud and Uluwatu.
There are a couple of points to consider if you are looking to own a villa in Bali.
First of all, you need to decide around buying an existing villa, or building one yourself. In both cases, there are plenty of options.
Buying a property in Bali is not a smooth operation. Owning land is restricted to Indonesians; therefore, a lot of deals happen through leases. If you want to know more about how to deal with this unusual setting, please check our article about buying a property in Bali.
If you want to build your own villa, you will need to follow the process described in the mentioned article for the land lease or acquisition. Estimate realistically 18-24 months for the entire process from starting to search for the land to having a finished villa that you own.
Architecture wise there are really great things you can do here (more here). There are great architects in Bali, such as Alexis Dornier, who can design your dream villa with relatively few restrictions on building permits by the local government. So you do have the chance to create and own your dream villa in Bali.
Building contractors in Bali are plenty of wildly differing quality standards. We would recommend going through recommendations e.g., from your architect. You can also contact us here for questions.
Alternatively, you can buy prefab houses from Stilt Studios. They have the advantage of quick setup time, excellent quality and a sustainable way of building. On top of that, they present excellent value for money (more here). That is definitely the fastest and least complicated way to own a house in Bali.
Once you own your villa in Bali the question arises whether you want to use the property solely for yourself or rent it out. If you want to rent it, register it as a commercial property and make sure you pay tax on your rental income. The tax rate is fixed at 10%. For that case, we recommend consulting with a local lawyer or tax consultant to ensure your compliance.
To own a villa in Bali is a dream come true for many people, and it’s relatively easy to. But make sure you have the right people helping you in the purchasing process.