Things That Can Destroy Your Brand

Providing impressive products and services must be the goal of every business. It is what leads to profit for the business indeed. The problem is, there are other factors outside products and services that can cause problems in your attempt for achieving success. It is the relationships between brand and consumers. Just like any other relationship, it should be nurtured constantly to last long. Problems will arise inevitably because your brand will not always be perfect. The key is how to solve the problems and responds to what consumers need and demand appropriately. 

Angry couple claiming and shouting to an office worker

Excellent customer service is vital

The key for long lasting relationship between brand and consumers is customer service delivery. When your brand is able to deliver excellent customer service, it is highly likely for consumers to stay loyal to your brand. They know that you will always have their back even if you have problems to solve. Therefore, a problem in maintaining solid good customer service can be the cause of your pitfalls, ruining your brand and its online presence as well. 

Things that ruin your brand and its reputation

There are things that can ruin your brand and its online presence. Most of them are linked strongly to your customer service, such as:

Broken products or services needing constant customer service assistance

If your products or services need customer service assistance constantly, there might be bigger problems you need to find. It is probably something is broke, or that the instruction is not clear enough. It is also probably because consumers don’t expect what they are receiving. Make sure to evaluate your products and services while giving solution to your consumers. Avoid giving vague responses and don’t aggravate your consumers even more. Assist your consumers to properly learn what your company offers.

Poor employee training

Your employees, especially those who are in customer service departments are like the face of the company. They are the ones who constantly interact with consumers. Improper training to the employees will lead to customer service disaster, ruining the reputation of your brand. Hence, make sure to properly train your employees on how to deliver excellent customer service. If your employees don’t understand the use of social media, train them until they are skilled. Or, choose more experienced employees who understand it better for efficiency. 

Using no strategy in managing social media

Social media is a platform that is considered to be one of the most effective to boost a business and brand’s reputation. However, social media is like a double-edged sword. It can make or break your brand’s online reputation if not handled well. Hence, make sure to use social media with the right strategies. 

Appoint someone who understand well how social media works. Make sure that you always know what is happening around your brand and the world outside of it before trying out new strategies. A careless error will be imprinted in social media history so be mindful when managing your brand’s social media handle. Use social media to boost your brand’s reputation and increase networks.

How To Stay Ahead Of Your Competition

Staying ahead of your competition is important to ensure a successful business. Every business goes in the world must have already known this and that’s why the competition is getting tough each day. However, it is not so easy to do because it is more complicated than it seems to beat your competitor. Also, you have to do it fairly and legally if you don’t want to get into trouble. 

Happy businesswoman crossing finish line during race business competition

How to lead a successful business and beat your competition

There will always be competition in every market even if you think you have a unique niche in the industry. The main purpose of beating your competitors is to increase market share. And the way you do it is not by crushing your competitors to the ground but by nullifying their effects in the market. And here are some useful tips to help you stay ahead of your competition:

Identify and solve the pain points of your customers

You and your competitors might have a shared target audience. The way to beat them is by addressing the needs of your shared target audience better than your competition can. Be more proactive in identifying the pain points by asking them open-ended questions about what they want while using your products or services. Then, help solve the pain points by providing solutions with the best explanation that your customers can understand clearly. Remember to solve your customers’ issues rather than just sell products or services to them. 

Use storytelling and specialization

You need to build a unique niche in the market to stay ahead of your competition. And you can do it through storytelling and specialization. It is because it is almost impossible to have no competition at all. However, you get closer to it if you can build a niche. Storytelling is a great way to build emotional and more personal connections with customers. It helps build relevance between your brand with your customers. With specialization, your prospects become easier to target, resulting in a good retention rate. 

Consider setting competitive pricing

Even though pricing strategy is not the most effective alternative for businesses to stay ahead of the competition, you may consider it to some extent. Make sure to make thorough calculations before setting the price point. You need to determine the ideal price point first while researching which competitors offer the best value. Make sure what you are going to offer brings more value to the table. Hence, it doesn’t matter if you set a higher price if it brings more value to your customers. 

Do not be afraid of changes

Flexibility is one of the best weapons for a business to grow successfully. With it, you will be able to pivot according to the situation that requires. In business, change is constant and you will get nowhere if you are persistent with something that brings zero impact to your business. Try to identify which model your business may need to be changed and see what other alternatives you can execute for more successful growth, ahead of your competition.

How are Bali Contractors Boosting The Local Economy?

The development of villas, resorts, or hotels in Bali is increasing considering the high number of tourist arrivals who need accommodation during the high season. Balinese construction requires high precision considering the different soil structures.  You must exercise caution when hiring Bali contractors or builders to construct your home, villa, resort, or hotel. There are far too many builders, contractors, and subcontractors who add no value. They only add to your anguish and frustration. Working with these people or companies is nearly impossible. 

bali villa construction with green concept open space

It makes no difference whether you work with a repair or maintenance contractor, a general contractor, or a builder. It is preferable to hire a dependable construction services company that will never let you down, or even better, work with a contractor guild. A guild of contractors is made up of well-known companies and individuals who are knowledgeable, experienced, and trustworthy.

Bali Contractors & Construction’s Issue

The truth is that Bali has issues with its water, waste management, traffic, and power supplies. Local communities are being pushed aside in the name of progress, or are being ignored in terms of opportunities, and education needs to be revamped. With such a rapid pace of development, it would be easy to overlook some of the basic construction projects in Bali that are necessary for long-term growth.

The issues are serious, and all stakeholders must work together to address them so that future generations can continue to enjoy Bali’s beauty, growth, and success. The construction of villas, hotels, and resorts with the concept of green construction is an attraction for domestic and foreign tourists. Aside from construction, other business services experienced reasonable growth, including Health and Social Activity services.

Investor awareness of the accommodation needs of local and foreign tourists. Carrying the concept of green construction is able to keep Bali more sustainable. 

How to choose a Bali construction company?

There are numerous benefits to hiring a building contractor from a guild. To begin, many contractors join forces to form a union, and these are typically large business firms. It is preferable to do business with them rather than with a small local night-flying operator with limited experience, qualifications, and goodwill. Remember that a guild is a team, and its members will come from all walks of life and companies, with varying levels of experience. 

You can be confident that your job will be completed by experts, no matter what it is. They will have prior experience with both large and small jobs. In other words, you can find the best contractor for your specific project. When you hire building contractors from a guild, you can be confident that the materials used for your project will be of the highest quality. It makes no sense for them to use low-quality materials to increase their profit margins at the expense of their reputation and goodwill. The loss will be significantly greater than the gain. This is why Bali construction companies, investors, and local peoples just need a change of mindset.

The Idea Of Taking Personal Loans To Fund Your Business

The Idea Of Taking Personal Loans To Fund Your Business

One of the most challenging things about running your own business is finding the right funding. It is because insufficient funding is a roadblock to success. Many entrepreneurs decide to get a loan to fund their business especially during the initial stage. It is a decision with its own risk regardless how common it is in business world. What about personal loan? Is it safe to take out personal loans to fund your business?

Using personal loans to fund your business

It is possible that you use personal loans to fund your business especially if you have a clear path and understand the risks. If compared to business loan, personal business loan has higher risks. However, personal loan is easier to get without too many requirements involved. Some small business owners decide to take personal loans when they are unable to obtain business loan. 

Finding the right lenders

Be more selective and careful with the choice of lenders. You can get personal business loan from banks, credit union, or online lenders. Or, you can also get it from a loan marketplace or crowdfunding website. Many of these lenders provide online applications that only take few minutes to complete. Be mindful in choosing the lender and consider many factors before choosing one such as fixed interest rates, fixed loan terms, etc. 

Finding the right lenders

Personal business loan is easy to get

One of the most common reasons many small business owners use personal loan to fund their business is because it is easier to get. The lenders only look at your personal credit score, income, as well as debt-to-income ratio. They don’t pay attention to the business you are doing. They don’t even need to know your intention with the money. If you are credit-worthy, you will be approved. This is different from how business loan works. The health of the business is the main thing the lenders pay attention to. 

Lower interest rates

Another good thing about personal loan is lower interest rates compared to business loan. If you have high credit score, a personal loan can be a cheaper solution for your financial problems. Meanwhile, the terms of business loans always revolves around your personal credit score and your business’s financial health. It will be harder to get business loan if you have struggled in the past. 

Flexible use of personal loans

Personal loan is also more flexible in term of use. The lenders don’t care much about what the money you are going to use for. As long as you can pay it back, then the rest don’t matter. Most lenders don’t have tight restriction with the money use. Hence, you have the freedom to do everything you need with the money. 

However, be mindful of the risks of taking personal loans as well. For example, taking personal loan means you already mix business with personal life. The loans maximums are also lower. Not to mention that you need a personal guarantee which means putting your asset at risk. 

Selling Your Private Villa in Bali

Selling Your Private Villa in Bali

If you’ve been in vacation rental industry for quite a time, you will know how vacation rental platforms like Airbnb, VRBO, or Homeaway has revolutionized the way we travel and now invest in the previous ten years. With between fifteen and twenty thousand villa postings in Bali alone, the short-term rental market has become extremely competitive. Though vacation homes are good investment, it does need dedicated time and energy to keep the property fully booked. Some people probably just cannot keep up with that—and decided to sell their private villa in Bali. If you plan to sell your villa, here are things to keep in mind to ensure you get the best result. 

Take professional, high-quality photos

Take professional, high-quality photos

When potential buyers view high-quality, distinctive photographs, they are considerably more likely to exhibit interest in your private Bali villa. It’s best to hire a professional photographer to take compelling photo that engage potential buyers. The top photographers will gladly talk to you about your brief, offer advise, and, in the end, capture the photos that will attract the ideal buyers to your property. While taking your own images is great for Airbnb as a platform, professional photography is required when selling and can make a significant difference in the value customers perceive and hence the amount they will pay.

Consider putting your furniture up for sale as well

You can sell the current furnishings to the buyer as part of the home transaction if you wish. When the new owner lists their Bali house on Airbnb under their own name, they can use the exact setup and photos you used. While some customers may wish to rearrange items to suit their own tastes, others may embrace the opportunity of saving costs on furniture.

Clean up your villa

Clean up your villa

Tidy up your private villa Bali. Vacuum the carpets inside and do any small repairs, such as repairing broken hinges and replacing damaged tiles. Try to make it appear as good as it did when you first bought the house. Buyers want a blank slate to visualize how their own items will look in the property, so paint the walls white or another neutral hue. Take some time to clean up the outside of the house as well.

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Use reviews from past guests

Great evaluations have the same impact on people that great photographs do on people. And, because over 7% of complaints are related to guests having trouble checking in, receiving insufficient support, or feeling betrayed by the host, you’ll have a lot more positive reviews of your property that are directly relevant to your potential purchasers.

Gather your finest Airbnb reviews, especially ones that mention your home, and include them into your promotion. Reviews can validate the value and potential of a Bali property in the same way that guests validate the value and potential of a villa rental.

Work with local agent

Work with local agent

Work with a real estate agent to sell your private house in Bali. They should be not just a real estate agent; but people who specializes in holiday homes and property sales. Your real estate agent should be aware that selling a vacation home differs from selling any other type of property, and should be well-versed in the area.

Sell in the busiest period of the year

Determine the busiest season in the community where your vacation home is located. During the peak season, when buyers are hunting for homes in the region, list the property. Summer is, in most circumstances, the busiest season. Selling during the busy season means you’ll face more competition, but you’ll have a better chance of selling faster and for more money due to the higher buyer-to-seller ratio.

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Arrange pricing strategy

Price the home in comparison to similar villa for sale in Bali. Your real estate agent will have information about this. Look for houses that sold with the same amenities as your three-bedroom property with an upgraded kitchen. Look for any tiny variances that make a difference, such as the amount of bathrooms.

Share your contacts of house helpers and more

Be courteous. Share your contact information, as well as any contracts you have for services such as handymen, cleaning, and housekeeping supplies. Many purchasers would appreciate not having to go out of their way to acquire new assistants and being able to leverage your existing relationships with them.

What Digitizing Important Documents Can Do To Your Business

Running business in today’s fat changing world needs more efficiency. You no longer need to work harder but work smarter. It means, you utilize the right tools to help complete the job faster and better. And one of the approaches you can do for more efficient business operation is digitizing important documents. 

Fully digitizing your business documents

There are various forms of digital documents such as CSS< Javascript, HTML, etc. In the past, we handled documents by typing, printing, and storing the papers in file cabinet in a room. Today, most of us create and store documents digitally using digital devices and tools. There are many reasons why digitizing documents are beneficial for your business, such as:

Keeps up with the fast changing world

By digitizing your business document, it is easier for your business to keep up with the fast-changing world where everything is digitized in a way. Today’s world has become more and more focused on digital solutions. More people like to store their documents on online space wince it is easier to access or show to everyone they want to share with. 

Saves time

Digitizing business documents saves time because it can be automatically generated and distributed. Hence, your business will be more agile to manpower. Digital document can also be sued for further your core business. It can be a great resource for innovation as well as establishing new partnerships. It is easier to share or send digital documents in just few minutes or even seconds. It makes your business operation goes smoothly and efficiently. 

Low risk of being lost or destroyed

By digitizing important documents, your business can avoid the risk of losing resource because it can be safely stored on digital space. Not to mention that it is very hard to destroy digital documents. Even if you accidentally delete the file, there is always way to trace the document and restore it. Meanwhile, physical documents have so many risks such as stolen while you have no copies of the files ready. Or, it has higher risk of being damaged even due to natural circumstances. 

Get creative with the design

Digitizing documents allows you to put more creative thoughts into it. You can create more interesting design for document you make. You can personalized and customized as you want with the document. It is a great opportunity to make your business standout from your competitors. It helps you to build your own branding and image. Anything you can do on a website, you can do with digital documents. 

Generate traffic and statistics

Traffic and statistics can be generated through digital resources. Your documents contains valuable business data you can share on any digital platforms. As the result, your business traffic will be generated and the statistics will go up. You can also track how many people view and share your digital documents for better monitoring of your progress. Digital documents are great resources to improve marketing initiatives and overall business strategies while matching today’s and tomorrow’s demands.

The Elements Your Business Need To Pivot Successfully

The Elements Your Business Need To Pivot Successfully

To ensure survival, your business might need to pivot according to the situations needed. The real example has been the global pandemic, covid-19. It has driven so many businesses to make major changes in order to survive the unexpected waves. However, it is not always easy to make changes or pivot because there are things to consider beforehand. There are many parties affected when you decide to pivot such as your employees, customers, and the overall bottom line. 

Assessing important elements before pivoting

If pivoting is the only thing your business can do to survive, you need to make sure that the important elements are included into considerations. The changes will only affected positively to every important aspects in your business. And here are the important elements you need to take into consideration for successful business pivot:

Consider a pre-mortem analysis

Planning on pivoting, you may need to consider a pre-mortem analysis. It is important in order to optimize the chances of success that you aim. You will have to imagine the new plan being failed then working backward to determine all possible causes of failures. Then, determine strategies to avoid or minimize the points of those failures. This is like a visual imagining so that you can actually be prepared with all possible scenarios, especially the worst ones. 

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Build excitement and anticipation

Build excitement and anticipation

Many big companies treat their changes as confidential things. Hence, it is not something to be disclosed too easily to the public eye. However, you can try the opposite. You can make it confidential but give a sneak peak to build the excitement and anticipation especially for those who participate in the changes. It may help them perceive changes in more positive lights so they can manage changes more easily upon reveal. 

Build stronger team

One of the most important keys for successful pivot of your business is a strong team. Regardless of the changes that need to be made, it won’t affect badly if your team are always in a ready mode. It means, they are ready to navigate their way through the changes being made. If you already have a solid team, strengthen them so they stay inspired and dedicated throughout the journey of your business reaching success. 

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Establish effective communication

Communication is essential when your business needs to pivot. There are goals, plans, strategies, and expectations set when it comes to pivoting. By establishing effective communication, every aspects are clear and easy to understand by everyone. Effective communication also means addressing your team members and allowing them to grow with the ideas of changes. Make changes something that are exciting rather than intimidating. 

Build transparency

Effective communication also comes with transparency. Making changes in your organization, your team and overall employees may have various questions. Instead of shutting them off, be transparent with the information you provide for them. Keep them involved in every plan you make for the changes while also listening to their ideas. They are part of your business so they should be part of every process as well. 

Debunking 10 Myths of Putting Up Villa Rental Property in Bali

Debunking 10 Myths of Putting Up Villa Rental Property in Bali

Many people dreams of owning some nice holiday villas in Bali and put them out for rent in times when they are not using the houses. However, not all villa owners are ready to jump to vacation rental industry because of rumours and misguided myths. After all, if you think about it for a few seconds, you can imagine a slew of horrors that could befall your favorite retreat if you rent it out to strangers. 

Many holiday house owners have misunderstandings about the ins and outs of vacation rental. So, if you’re considering about putting up a vacation house rental in Bali, you’ll have to figure out what’s true and what’s not. Let’s separate fact from fiction.

Your House Will Get Destroyed by Unknown Guests

Many homeowners are naturally hesitant to rent out their Bali villas for the first time. One of the main fears is that the visitors will not clean up after themselves. However, instances in which paying guests devastate a home are uncommon. In truth, the vast majority of situations go off without a hitch. The worst that usually happens is that the house becomes a little dirtier than you’d want, which takes longer to clean. A completely demolished home with damaged belongings, on the other hand, is uncommon. Consider investing in specialized storage and shipping containers to store any of your more precious and/or larger items if you want to be extra cautious. If you’re looking for a unique way to express yourself, this could be a great option.

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Listing Your Bali Property for Rent in OTA is Free

Listing Your Bali Villas for Rent in OTA is Free

Both Airbnb and VRBO, two of the most popular rental platforms, charge fees for listing properties. VRBO charges $349 annually, or 10% on each booking transaction if you don’t use it very often, while Airbnb charges 3% for each reservation. Keep these fees in mind and account for them as you decide on your pricing. You should also factor up the time it will take to clean the property after your visitors have gone, especially if you hired a cleaning service. Furthermore, you can add an optional cleaning fee to the cost of the reservation on Airbnb, which most owners do.

Your Regular Homeowner Insurance is Enough for the House

This is tightly related to the point above. However, not many owners of villa rentals in Bali are aware of the importance of vacation rental insurance. 

Be sure to put your house in insurance and, specifically, vacation rental insurance. Because it considers your property to be a company, vacation rental insurance protects it. It offers money in the event of a natural calamity, for example, because your primary source of income has been depleted. Furthermore, many typical insurance policies contain stipulations that nullify the contract if something goes wrong while someone else is renting your property.

In addition to that, platforms like Airbnb give their own guarantees. They also check each Airbnb guest’s history, ensuring that everyone who rents property through the site does so responsibly and is held accountable. 

Having Bali Villas for Rent Give You A Source of Passive Income.

If you talk to anyone who leases out their home, you’ll quickly hear that, while it might be a good side hustle for extra cash—and in some situations, can even pay you more than being a regular landlord—not it’s a passive income. As a host, you must always strive to be the best host you can be. This includes connecting with guests prior to, during, and after their arrival; prepping the space; and curating a fantastic vacation rental experience for each visitor, regardless of their stay length.

The Rents from Property in Bali Doesn’t Pay Off the Initial Purchase

The Rents from Property in Bali Doesn’t Pay Off the Initial Purchase

Fears develop as a result of the initial cost of purchasing a new holiday villa rentals in Bali or upgrading an existing house for vacation rental, the present level of competitiveness, and the chance of having disruptive visitors. With these worries comes the idea that “it’s not worth a shot.” The point is that if your vacation rental business is successful, your profits will be substantially bigger than if you were renting a property for a long period of time. Although some owners become in debt as a result of not receiving as many bookings as expected or troubles encountered along the route. That is why it is critical to have everything planned out ahead of time, to ensure that you can afford such an investment, and to devote time to the business.

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You Need to Live Nearby to Manage Your Bali Villa Rentals

With internet and communication technology we have now, this statement is completely irrelevant. Thousands of chalet owners rent their properties from afar. Finding a dependable housekeeper or caretaker in the neighborhood is crucial, or you can hire a property management business.

Can You Build Powerful Team With Less Expensive Cost?

Can You Build Powerful Team With Less Expensive Cost

You can start your business with the goal to reach success and gain financial freedom. However, it is not something you can do it on your own no matter how passionate you are about it. Also, there are many parts of running business where you need more hands. Hence, it is essential to build a team that is reliable and powerful. With a solid team, you will be able to work together to reach your goals since you have different skills expertise needed to make it true. But what if you don’t have that million dollars to hire the best talents?

Building high quality team with limited budget

It is possible for you to build a high quality team even with such limited budget as long as you know how to it right. And here are several tips for you to go through hiring process more smoothly:

Be clear with your purpose

It is important to share your purposes clearly in all your marketing materials and job descriptions to attract candidate who share the same passion as you. It is more interesting for candidate to join a cause that makes themselves feel proud. Therefore, share your purpose to show your passion about what you are doing with your business. Only candidates who share the same passion to the cause, your mission, and vision who will help you build your business. 

Consider trusted freelancers and contractors

You may try to reach out as many talents as possible through various platforms. However, be specific with who you are trying to find. As for the start, it is best to hire trusted freelancers and contractors. It is essential to hire top talent who can help you managing your business the right way. Hiring freelancers with top skills will be beneficial. You have time to vet them until you are ready to hire them as a full-timer. 

Create positive work culture 

It is important to create an environment where everyone can experience something positive and encouraging throughout their career. Only this environment that can help a team to grow successfully. And this is why you need to train your hires and drive a culture of excellence. Engage them in culture and brand development that will help them to grow better while giving their best to the company. This will be beneficial for both parties.

Hire for the right abilities

There are two important matters that should be in your top list when hiring talents. They are work ethic and problem solving abilities. These two are very essentials to decide the type of talents that will be beneficial for you. During the interview, ask them questions regarding to real-world company problems and see their perspectives on how they solve the problems. And when the right people join your ship, give time for everyone to be onboard and get to know them better. Help new hires to engage more and build relationships across organization better. Don’t forget to delegate and teach them leaderships as they grow. 

The Hidden Cost of Buying Villas for Sale in Bali: A Must Know

The Hidden Cost of Buying Villas for Sale in Bali- A Must Know

Who want to have a vacation home in Bali? Not only that you can own it for your private holiday in the island, but you can also turn it as a source of income. Especially in Bali, where tourism blooms and holiday accommodation is a lucrative business. It’s not difficult to find good lands or holiday villas for sale in Bali — but buying it is another game. Not only that you need to deal with Indonesian law of land and property ownership for foreign investors, you also need to know the hidden costs of buying property in Bali. 

The Cost of Inspections

When you purchase any Bali villas for sale, you will need a thorough inspections. You’ll want to know anything that needs repairs and any other problems in the house. That is another cost. 

We recommend conducting a professional home inspection, just like you would for your primary house, to check the condition of the Bali villas and negotiate any needed repairs. This can cost as little as $200 on a smaller property and as much as $500 on a bigger one. You, as the buyer, will be responsible for this expense.

You may also choose to have extra, more detailed inspections done at your agent’s or the general house inspector’s recommendation. Termite/pest inspections, structural inspections, property surveys, and radon inspections are just a few examples. Each of these comes with an additional fee but can save you thousands — if not tens of thousands — of dollars if something new turns up.

Property Agent & Realtor Cost to Purchase Bali Villas for Sale

Property Agent & Realtor Cost to Purchase Bali Villas for Sale

In terms of comprehending the local processes and legal environment, purchasing a property in Bali might be challenging. Do not attempt to navigate it on your own. You’ll want an experienced realtor on your side to help you navigate the process. This will cost money, but if you avoid typical mistakes and problems, it might save you a lot of money in the long run. Get suggestions for agents from people in the area, and make sure they have expertise selling to foreigners.

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Taxes and Fees

Buying a real estate is never cheap, and the expenditures in Bali are higher than in many other places. There are at least three things you need to pay:

  • Fees for agency/agents:  5%, paid by either the selling or the buyer
  • The cost of a land deed: 1%.
  • Transfer tax for payments: 5% 

The Cost of Notary for Purchasing Bali Villas for Sale

Foreigners interested in purchasing land in Bali should conduct thorough due diligence to ensure that the purchase is legal and free of complications. Using the services of a reputable Public Notary is one example. In relation with property transaction and land acquisition, a notary will do the work of processing the transfers of land titles, and legalizing plus certifying the civil and commercial agreements, such as property leases. 

  • The fees for notaries and lawyers range from 0.5% to 1.5% from the property price
  • The fees for public registration are 0.2 percent of the total.

Some agency, like Kibarer, provide notary and lawyer service when you buy Bali villas for sale with their service. This could free you from finding a good notary that follow proper legal process during the transactions. 

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Insurance for Your Bali Real Estate 

Nobody can anticipate the future, but you can prepare yourself to deal with the unexpected. So, in a nutshell, yes, you should insure your newly bought Bali villas. Because Indonesia is located on the “Ring of Fire,” you should be aware of the dangers of earthquakes, volcanoes, and tsunamis. If you just want to protect your family’s home or business investment, you should check into insurance policies, which often cover things like fire, lightning, wind, hail, liability, and personal injury. If you rent out your home, you should consider getting landlord insurance to cover unforeseen losses to furniture, appliances, and other valuables.