When buying a house or any other property, it is always important to consider the location. The location will determine the pricing for the land, security, or the cost of the building process among other things. You could buy or rent a property in many locations around Bali including downtown locations, mainland, or beautiful beachfronts. If you wish to purchase a house that you could rent out, then it is advisable to buy a house with a nice view or on the beach because it is easy to rent. You could probably look for a property in Jimbaran Bay, Bukit area and Seminyak or Canggu, which is amongst the most attractive sites in Bali.
Bali and the most of Indonesia is a safe place; therefore, the prices of properties have shot up during the last few years. However, this does not discourage investors, many people both local and foreigners continue to invest in Bali real estate. If you want to purchase a piece of land in Bali, the price ranges from $50 to $800 per sq meter. Notably, the price of land depends on its location. Land that is near a beach is more costly than land that is inland. For example, land near a popular tourist beach or attraction could cost between $500 and $1500 per square meter. If the land is in an up-market development area, then the price range increases to approximately $300 or more. Expect the highest rates to be on land that is near Seminyak or Petitenget.
Real estate scene in the country is a tricky one. Most people from Bali would advise you to be present at all times while building your property, be it a house or villa. According to them, construction workers like to work with a slow pace, expect to be out of work during all Balinese holidays, avoid working when it is raining, but still expect you to pay them. Despite all these reports, the results will be good. However, it is advisable to do some research before commencing any project. You could use the services of Bali property experts or those who have been in the construction industry for a long time.
The cost of construction in Bali varies depending on the location or the size of the property under construction. A good home can cost from $400 to $1200 per square meter. This does not include the pricing for site development, its preparation, access roads, swimming pool, landscaping, permits and licenses, water and waste treatment, electricity and water supply, filtration and water pumps, or architect and consultant fees. In addition, other factors like the exchange rate will add to the overall cost. Here is a sneak preview: A villa in Bali that is already built, ready with a swimming pool and garden, could cost between $400,000 and $2,000,000 or more depending on the location.