Owning a holiday villa in Bali can be an attractive option of investment, especially if you own one in Benoa Bay. Located in a quiet enclave, this coastal area is famous as the land of high-end resorts, stark white beaches, and thrilling water sports operations. It’s a perfect place in Bali to enjoy a calming and relaxing holiday. Before you rushed on buying a property in Bali Benoa for your second income, read on this tips.
Carefully Selecting Property in Bali Benoa to Buy
Know your consumer and know your product – two business golden standards that also apply to vacation rentals. Consider your reasons to buy property in Bali Benoa and choose one that align with your purpose. Eliminates houses by the budget and choose one that you can afford. Along with that, buy a house in Benoa that you’ll actually enjoy vacationing here. This will allow you to determine whether the rent you’re charging is reasonable, and it will also allow you to use the home while it’s not inhabited.
Make Your Property Stands Out from Ordinary
The appearance of a property is just as significant as its location. Properties that are quirky, lavishly luxurious, or social-media ready tend to be more popular. If you live in a typical, modern three-bedroom semi, it’s only natural that you’d want to rent somewhere different for your vacation. Log cabins, charming coastal cottages, ultra-modern five-star residences, and anything unusual stand out and draw attention. You will draw a consistent stream of visitors if you price it correctly. However, don’t give up hope if your property is fairly generic. Guests don’t mind if it’s located next to a lovely beach or a few minutes’ walk from a major attraction around Benoa Bay or Nusa Dua.
Do Not Personalise Your Property Too Much
Because the villa will not be your main home, be careful not to over-personalize it. Have a “theme” if you want to, such as coastal shabby chic, but stay away from anything too specific or you’ll limit your potential audience. This can be seen in too cluttered decorations, ‘loud’ colors, and unfashionable décor.
Neutral colors and simple yet comfortable furniture are your best bets. Prepare to replace sofas and beds every 3-5 years, as they may experience more wear and strain than a longer-term rental. Avoid light-colored sofas and furnishings, since they will require more frequent cleaning to maintain their appearance.
Equip Your Kitchen with Cooking Essentials
When guests go on vacation, they anticipate all of the modern conveniences. Dinnerware, cookware, pots, pans, cutlery, glasses, and other kitchen essentials should be well-stocked. White goods such as dishwashers and other white goods are required. Invest in an appliance repair policy so that if anything goes wrong, you can get it mended as soon as possible. By all means, guest love it when they can cook during their vacation in Bali. Especially if they are staying for long term.
Do Not Neglect the Outdoor Spaces
Don’t forget about the outdoors. Guests on vacation love a pleasant garden to relax and unwind in on a hot summer evening in Bali. Set a garden table and chairs, and make sure the space is well-kept and planted. A gas or charcoal grill is a useful addition, but remember to clean it regularly. Consider supplying beach toys, such as buckets and spades, loungers, and beach umbrellas, for beachfront residences. In a nutshell, everything that can attract visitors and distinguish your house from others is a worthwhile investment.
Live in Your Own Property Bali Benoa
To get thorough understandings about your own property, try to live there for few weeks. For example, you can conduct deeper investigations about issues in the villa, which occasional spot inspections might fail to uncover. There are numerous things you might only notice after living there for a while, such as the water boiler needing re-pressurising, the dishwasher smelling, or a problem with a neighboring property. It’s a wonderful excuse for a relaxing long weekend away, and you can pretend to be at work when you sleep in.
Read More on Similar Stories:
Bali Villas for Sale Guide to Investment 2021
The Limiting Factors to buy Bali Villas Seminyak
Take Advantage of Your Local Knowledge
When you own a villa by yourself, you have a significant advantage over a vacation rental company. You’re familiar with the location, the major attractions, and how to make the most of a vacation there. Apply your knowledge to give the last touch to your Bali Benoa property. You can keep essential items like beach equipment and children’s toys in the house and allow guests to use them, as well as leave holiday suggestions based on your own experience. Pass on whatever you’ve learned. This will make your tenants feel at comfortable and enhance the likelihood of recommendations and re-bookings, resulting in a consistent annual income.