5 Things You Must Know Before Investing Bali Rental Villas In 2022
As a paradise island, Bali is not only famous for vacation, but also as an investment paradise for investors. Bali rental villas investment has always been and always will be a passive way of generating income.
This is supported by the tourist visits to Bali that always has a great number from year to year. In 2019, almost 6.3 million foreign tourists visited the popular holiday destination in Bali. But in the middle of the pandemic situation, how is the impact on tourism visits?
According to Coconuts Bali, in the midst of COVID-19 relaxation in Indonesia, by accelerating vaccination distribution to reduce infection rates, domestic tourism visits to Bali estimated around 3.6 million in 2021. By this data, it is certain that tourist visits to Bali will continue to soar from year to year.
But before you decide to build your property investment, you need to understand the basics. Like any other business, Bali rental villas, especially luxury rental villas are difficult and require highly proper planning.
You need to understand all the important things from zero. For example how to manage it, how to market your property, and screening the tenants. But before you start to have a bad headache planning all of these, is it worth it?
What Are The Benefits Of Bali Rental Villas Investment?
Income Generator
Imagine you don’t have to wake up in the morning and be ready to work from 9 to 5 every day just to earn money for your living.
The good thing about investing in rental property is you can have an ‘easier’ way to earn money. You even can go traveling and still get a good cash flow to your bank account. How nice is that?
Investing in rental properties means you’ll be pumping money into your bank account without putting out too much effort to maintain it. Rental property is a wise choice to invest in and ensure financial security before retirement. It’s also a great way to earn extra income for you and your family.
The Value Keeps Rising As Over Time
Over time, the value of the property will continue to increase. This is due to the need for housing that will continue to grow in the future. This means that as property prices rise over time, you can make more money and get on your mortgage faster.
You also have the option to sell your villa at the market price when you want to sell it. Villa rental investment is a long-term investment with guaranteed profits and has been on the rise for a long time.
6 Things You Should Know Before Investing In Bali Rental Villas
1. Choose Strategic Location
This on one factor that needs to be considered when buying the investment property. The property buying process is not easy. Therefore, choose a strategic location that is easy to reach and high demand. This will also affect the selling value of the property. High-demand locations usually have greater income opportunities than areas that are not strategic.
Bali has so many strategic locations that you can choose from. Tourist usually visits Canggu, Umalas, Kuta, Ubud, Nusa Dua, Nusa Penida and many more. These areas are the most favorite area for tourists and you can start to explore these are to find your desired property.
2. Market Price Research
Before starting to rent out your villa, you should research the market price first. This is helpful to make strategic pricing for your property and ready compete with competitors’ prices.
That way, you will be able to get the best price as well as maximum profit in investing. Consult with the property manager will avoid you from overpricing your property. Claim your free consultation here.
3. Find a Trusted Developer
Apart from market prices, it is important that you look for a trusted developer with good performance. It’s a good idea to choose a developer who has at least 5 years of experience in the property sector.
Also, pay attention to the facilities offered whether they are adequate and in accordance with the price. Because this will affect the selling value of the villa and your budget later
4. Prepare Budget
After doing the three steps above, you can start calculating and preparing the funds. The costs that must be prepared include a down payment, a sign-up fee from the developer, and installments if you choose to pay by credit. As well as other additional costs if you want to decorate your villa as uniquely as possible.
5. Manage Properties Efficiently And Optimally
The hardest part of investing in villas is managing them as an owner. Property management can make your villas well managed and successfully bring in tenants for you. If you don’t manage your villas properly, you may end up incurring heavy losses or even having to sell them early.
To make time and effort easier, investors may decide to use the services of a professional manager. Even so, that doesn’t mean you can’t manage your business completely because it remains the responsibility of the investor. You still have to make sure that your investment runs smoothly and brings a profit.
6. Get CHSE Certificate
CHSE is a certification given by the Ministry of Tourism and Creative Economy for business actors who apply the covid-19 health protocol standard for their business place
CHSE Certificate is Dimensions of CHSE certification, consisting of Hygiene, Health, Safety, and Environmental Sustainability. Meanwhile, three criteria that need to be met are management or governance, employee readiness, and visitor participation.
The granting of this CHSE certificate aims to provide guarantees to tourists for the implementation of Hygiene, Health, Safety, and Environmental Sustainability. This certificate is valid for one year and can be extended based on the results of the reassessment. Read to learn more about how to get CHSE Certification for your Bali rental villas
Bottom Line
Bali Villa Rentals is a worthwhile investment. It will be very profitable in the long run if you understand the basics. It takes a considerable amount of time and effort to start earning steady profits and achieve the financial security you desire.
However, if you want to do everything right and easily, you can consult your investment planning with Bukit Vista. Since 2012, we’ve been working with our partners for taking professional property photography, managing OTAs, doing reservations, projecting revenue, and hosting our guests with delight. Want to know an inspiring delight experience from our partner? let’s click here
By providing villa and property management services, we manage over 170+ unique properties, 12 Airbnb accounts, and over 30,000 combined reviews.
So, are you ready to invest in rental villas and bring in profits without a headache? Consult your investment goals with us and our team will help you to ensure your investment runs smoothly and achieves your desired goals. Contact us today to get started.
