Business & Property

Tips for Successful Property transaction

Buying and selling property is common in property business. Lots of people believe that the cycle of property market is the key for successful transaction in property business. However, it is not entirely true because in reality, there are other factors that hold important factor for successful transaction. Property market plays important role in property business and investment. However, it is not the only thing that matters the most. In fact, the right strategy can overdo any kind of property market’s cycle. In property transaction, there’s seller and buyers. Both have their own purpose in doing transaction. However, both have similar goal, which is to get the best deal.

Successful transaction in property business

Investing in property is promising yet challenging at the same time. There’s complex stages and phases you need to go through before reaching your success. It may take years before you can pay your mortgage fully or earn your well-deserved profit. Patience is key but the right strategies can lead you to success closer. Here are some tips both for seller and buyers in making successful property transaction:

For seller

Selling a property investment is not easy because there’s various factors you should take into consideration. You can search for property by yourself. However, it may take a lot of time. Thus, it highly advised to hire professional agent who knows very well the local property market. You should also choose agent who is great at negotiation. Do not choose agent because of cheap price because you may only receive half-hearted service.

The next thing to do is setting the right price. To decide the right price, you need to calculate based property market flow and other important factors. If you set the price too high, it will be harder to find potential buyers. However, setting it too low will put your financial plan at risk of losing too much. Choose the right strategies to sell your property. You can put it on the listing or at auction. Discuss this with your agent will be very helpful.

For buyers

It is highly advice to not rely on cheap price when buying a property. Instead, look for investment grade property. There’s various due diligence you need to do before finding the right property to buy. Researching market is one of them. You also need to plan your portfolio to acquire the right investment property. If the price that the seller set is too high for you or out of your budget, do not waste your time by waiting for them to lower the price. Instead, it’d be better if you move on and find another one.

Do not let the word ‘perfect’ deceive you because if you keep waiting for perfect property you won’t ever find it. Delaying reaction in a dynamic market may lead you to miss out promising opportunity for a great deal. Thus, plan your strategy to find the right property in the right location at the right price. Another important thing to remember is do not let your emotion or personal attachment cloud your judgment.

What Makes Bali Villas Better Than Other Accommodations

Choosing accommodation is a matter of personal preference. Every individual has their own preferences to state their ideal place to stay during a vacation. However, Bali villas are most preferable amongst visitors. Of course, Bali has other accommodation including hostels, resorts, hostels, guest houses, etc. however, the number of villas in Bali are incredible. There are various types of villas as well that you can realize every of your fantasy for a perfect holiday. You can stay at villa overlooking the magnificent ocean while feeling so close to the clouds. Everything is possible when it comes to villas in Bali.

Bali Villas

Choosing Bali villas over other accommodations

Villas in Bali are varied in sizes, prices, and locations. The features are also varied from one villa to another. You can choose the one that fits you. For example, you can book a villa located in more secluded area if you are having honeymoon. Or, you can book a villa with high-end facilities if you are having luxury vacation. The choice should reflect what you need for your dream retreat. Here are some reasons why most Bali visitors choose villas over other type of accommodations:

  • The perk of staying at villa during your holiday in Bali is that you don’t get stuck in a long line just to have breakfast. You don’t have to wait in line just to enjoy your leisure time in a daybed because the others are using it. Or, you don’t have to share the pool with other guests. Villas give you more privacy. Even if the villa is not entirely private, at least you don’t have to deal with the crowds. The number of the guests you will encounter with are only a few.
  • Friendly, experienced staffs. When you stay at villa in Bali, you don’t have to lift your finger to do mundane things. Cleaning, laundry, or cooking are not included into your itinerary. All those jobs belong to the friendly, exclusive staffs. Villas in Bali have already had in-house staffs ready at your service. They are well-mannered, experienced, and can speak basic English at least.
  • Staying in villa means you can save money. It is even better when you travel in group because you can split the rent. You see, some resort charge up to $300 per night. If you need two room, the price is doubled. However, you can find villas with 2-3 bedrooms for less than 3300 per night. Who says villas in Bali are expensive? You can find the one that is more cost-efficient if you search enough.
  • Another reason why staying at villa is better than at other accommodations is modern facilities. Some people are worried that facilities and appliances in villas are less modern. However, Bali villas are well equipped with modern facilities. Entertainment system, kitchen appliances, and cable TV are usually included in the package. You also will be able to enjoy en-suite bathrooms and infinity pools. Those just make your holiday in Bali more perfect that you could ask for.

Handling Garden Maintenance Issue for Property Investors

Outdoor property maintenance is as important as the inside at some points. Of course, tenants will stay inside for the most of the time. However, every tenant also wants to have beautiful, neat yard.

Garden maintenance issue for property investors

When you rent your property to the tenants, you need to set the right plan to address your and your tenant’s rights and responsibilities. Thus, there won’t be misunderstanding especially when it is about property maintenance. To help handling property management, you should consider professional property manager.

However, you still need to deal with administrative stuffs such as contract and agreement including related to outdoor property maintenance.

Issues coming from garden maintenance

Every tenants must want to live in a property with beautiful and well-maintained garden. Nobody wants to live in a messy yard full of fallen leaves. However, the issue of garden maintenance sometimes can be confusing for both tenants and landlords.

Having beautiful garden is a nice treat for tenants. However, it its maintenance is quite a chore. Sometimes, garden issue is left neglected by both landlords and maintenance which can cause another issue rising between two parties.

Know your responsibility of garden maintenance issue

As property owner, you have your own responsibility of garden maintenance. Basically, this can be discussed with your tenants to agree which responsibilities are for tenants and landlords.

Generally, you and the others, as the landlord and property investors are responsible for basic maintenance and providence such as providing hoses, sprinklers, reticulation system maintenance, cleaning gutters, as well as tree lopping.

You need to provide tools and equipment to maintain the garden. However, if tenants accidentally broke them, they are liable to replace broken equipment using their own money.

Meanwhile, your tenants have responsibility to maintain the garden regularly to keep it grow beautifully and well-maintained. They are responsible for edging and mowing lawns, weeding, watering, pruning, as well as fertilising.

These are considered as general maintenance. Basically, your tenants is responsible to keep the garden to be in the standard set at the beginning of the tenancy. It is great if your tenants are willing to nurture the garden and plan some flowers or trees. However, make sure to let them know that they have to notice the matter to you or your property manager beforehand.

Tenants also can advise property manager if there is any potential issue regarding to garden maintenance such as blockage or water leaks.

If they don’t report the issues and the damage is getting worse, it is tenant’s liability to handle the problems. Garden maintenance sounds like a simple issue. However, it often leads to another issue which cause misunderstanding and misinterpretation between tenants and landlord.

To avoid unnecessary dispute, it is better to talk about this matter from the beginning of the tenancy. This way, both parties know what to do and what to expect from each other regarding to maintaining the garden. Professional property manager will help you and your tenants to understand more about Property Condition Report so you know and comprehend your responsibilities better.

Best Social Media Management for Business in Bali

Social media management can be the new thing that you just heard whether your business in Bali will needs it or not. And if you really wanna know the answer for that, there will be 2 clues I will tell you where they are relating one another. The first one is if your business has its own official site and secondly when your business want to be developed through digital platforms.

You have known that developing your business in Bali especially in tourism industry can be hard sometime. You will need more strategies for that and if you have been built its site before, you can actually get your business even further by collaborates it with the usage of social media platforms.

Today, even the social media platforms themselves have their own advertisement services such as Facebook and Instagram ads. Both of them can be used to help developing your business as well ever since the tourism industry in Bali is increasingly high in competition.

To reach more customers, your business in Bali need to use more platforms as your strategy and if there will be one or two platforms that are performance the best, you can left the others while focusing your work to optimising the better platforms you have practised. In this case, I am reminding you that social media can also be the main platform to help your business to be developed. It will also be the main support for your business official site to get more visitors where they can see what you are offering them in there.

The other reasons your business in Bali will need the social media management services

Before we are getting farther about the topic, have you been known about the benefits of social media management in general? If not, let me give you some things that will make you think that you should have use social media for not only connecting with your family and friends, but also with your customers whether the old ones or the new customers your business potentially to get.

Best social media management for business in Bali

Using social media platforms for your business mean you will gain more followers, you will need to prepare the daily or editorial posts, customer interactions through comments, likes, etc, and lead them to your main business website to make them know more about your offers.

You can also make use of the social media platforms to help you introduce the brand awareness or new products and services you have in Bali to your customers even up to getting them to know about the promo or deal that your business is offering.

And surely there are more benefits you will get by realising that your business will need to get the social media management Bali to gets it to the next level by making use of the digital marketing strategy.

Best things you can do to start managing your business social media accounts

I won’t telling you that you will need to sign up on Facebook or Instagram. You have known that for sure, nor I will show you the tutorials how you will do it. But, I will tell you that the first important thing you can do is determining which social media accounts should be registered first.

For that, you can start with the 3 or 4 popular social media networking sites in the world such as Facebook, Instagram, Twitter, and YouTube. Each of those networking sites have their own type of contents so you’d better prepare yourself for that.

For example, Instagram is great for image and video posts, Facebook is good for text and image or video as well, while YouTube itself is focusing on video content with a bit description. And Twitter? There you can find many influencers.

The question is that, can you really prepare and planning about all of the contents for the platforms? You may don’t need to use all of the them but even if you will only focusing in one platform, can you really get a time to prepare the daily contents?

It is important to publish daily posts since this may your first time using social media for your business in Bali. So, you will need to gain trust from the users so they can start following you.

Let me tell you that your post will need a good image, good words in it, hypnotising descriptions and a bit of viral luck through the use of hashtags or by mentioning the popular influencers. You have to think about all those and they will really take your times and then what you will take longer time to optimising your social media accounts since you are dealing alone with all of that.

No wonders, many of the other businesses in Bali are finding the social media agency for that. They are asking the agency to increase their followers, making the contents for the social media accounts to tell the followers they will keep getting updates, up to asking the agency to create good copywriting for the digital ads they are putting on Instagram or Facebook for various purposes.

I am sorry but I think that you will not really focusing on that. You’d better find a social media agency too or visit the one that mentioned above for that so you can really focus on what you were doing before the social media networking stuffs coming up.

Choosing the Right Decision for Your Family Home

There might be a time when you need to move to another place for personal or professional reasons. However, leaving your family home just like that seems to be wrong. If you are involved in business, you must have known that vacant home will be a waste. Even if you have memory of your family home, you need to do something so it won’t become a vacant property where the occupiers are just dust and dirt. Your family home is your asset. You still can make the most of it even when you need to relocate. There are many options you can choose. You can sell it, rent it, or make it as your holiday home. However, you should know that you can also make profit from it. Besides, your relocation may also require you to settle your finance.

What’s the best thing to do to your family home?

No matter what choices you make, there will always be some ramifications emotionally and financially. Some people may choose to sell it and leave it all memories behind then start building new memories in new place. This choice would be ideal especially if you don’t have plan to return. However, it is best to take some considerations before making decision because everyone has different situation. Here are some of them:

  • Relocation means you need budget to cover your expense during the transition. Therefore, you need to start planning your budget. If your financial situation can cover it well and you don’t have to sell your family home, might as well hold it. You can rent your family home instead. If your financial situation is tight, you may consider selling it.
  • Aside from financial consequences, there is also emotional experience while something like this happens. Your family home has lots of memories of your life. If you are planning to return to your home in few years, you may considering renting it out. It can help maintaining your property while you still get passive income.
  • If you are planning to rent your asset, you need to do some research of the rental demand in your area. If it is low, it is not recommended to rent it out especially when the vacancy rates are high as well. You may need to talk with the local agent to earn some advice.
  • You also need to consider your ability to become a landlord if you are planning to rent your family home out. Landlord has responsibilities that you can’t neglect. It means you have business to take care of. Managing rental property needs dedication because you are not just sitting while waiting for the tenants to pay for the rent.
  • You can also talk with others owners of the house if it is held in joint names. This can be good solution because then you don’t have to think of yourself. The others will have their opinions which can come up as best ideas for the solution. You may also need to trust your gut in the end.

Locations That Can Be Great For Your Property Business

There are various ways to run your property business. One of them can be the good chosen location right before you are building your property empire or buying one that have been built before.

Locations for your great property businessChoosing the location is vital especially to know how the surround area will be developed in the future. So does the value of the land itself when the area will becoming popular one day or have been well-known by the others, both can be analysed and turn them into how you will make the decision.

The interesting thing about the land itself is many of the lands have the prices that are keep on increasing each year. Even, there are those who are buying the land and then don’t uses it at. There is not any activity and no development at all for years and they are waiting for the right moment and price as they have wished for, so they can be selling it with a good price.

There’s not even a maintain cost for that, so there are higher change to get the higher return of the investment.

Several locations to make a great property business

Knowing that the location is so important and can even bringing you more benefits, then finding the great locations for running the property business is even getting more important than before.

The better the lands are located, can possibly be the better for your business as well.

So that, I think that it can also be vital for you to know where the locations you can think about to buy or rent when its come to make a great property business in the future.

1. Think about to looking for the location that has been affected by the development of the CBD

You have know what the CBD is, right? If not, it is where the Central Business District is.

As the central of the business district, it is commonly will be known as the central of the city as well or at least as part of it. There will be more development as well as the complete utility has been provided.

Since this kind of location is somehow developing so far, then its development is also spreading and affecting the outer area of it. And the other areas will take some advantages where the development of the outer areas can also be developed.

But, you may won’t get the property at the CBD since it has been full booked until forever. So that, you need to see and analyse the outer locations of it that has been affected by the development of the CBD itself since developing the area as well as your business can be easier in the future.

2. Where people are getting to work?

CBD can be the place where many people are working. But since the place somehow impossible for many of us, then we will turn into where the other popular areas that have been developed especially where the business is running well for many of us.

I am talking about the other CBD’s that has been existing in a city or region even though it can’t be the main CBD at all.

There must be the other places that where workers are also so many in numbers so the areas becoming more popular.

This type of location can be a good business for properties such as boarding house for the workers, restaurants and mini-bar or where workers can hangout at noon, etc.

3. Where people are heading when traveling?

Have you been realised before that any kind of destinations can be the great places for your great property business in the future? It is because of people or travellers will keep on visiting everyday or in the certain times.

The important thing is that, you are getting bigger chance that there will always the crowds that will keep on visiting, so your property business as well can take advantages of them.

Be the accommodations such as hotels, renting the hostels and villas, and many others.

If you can at least one property business on above location, that can be the great investment you have ever made in your life and your business can also be developed easily since there have been many things provided on the locations.

Why You Need to Level Up Your Kitchen Space

The kitchen is arguably one of the most important spaces of the house, or so they say. More and more modern houses put a lot of importance in the kitchen area. While it used to be that open-plan floors where the kitchen and the rest of the living room are joined to save space, it’s a different matter now. Space saving, while it used to be one of the purposes of optimizing a kitchen, now has evolved. Kitchens are stylized and highly looked after. Here are merely some thoughts on why modern houses put a lot of importance on the kitchen. And moreover, why you should start upscaling your kitchen too, especially if you’re looking to increase your property’s value.

The kitchen is both a personal and social space

Entertaining guests happen in the kitchen. This is apparent, particularly with today’s houses. The kitchens are no longer an isolated place merely for everyday chores. Today, potential homebuyers are looking for more than functionality and aesthetics, but rather, a balanced combination of both.

Your kitchen is the focal point of the space

A center of the attention—that’s what a kitchen often is. It is not merely a place to cook and store food items anymore. Kitchens are the heart of the entertainment space in a house. These days, it is vital for property owners to have a good presentation of the kitchen and its surrounding spaces. If you’re still thinking of designing a house with separate space for the kitchen, tucked away at the back of the house somewhere, think again. When done correctly, the kitchen could be an asset to your property.

Well-designed kitchens have been known to increase a house’s value

Because the kitchen is often the focal point of the ground floor, it is the first thing that anyone walking in would take notice. Styling your kitchen to get it fit for presentation is extremely important. Regardless of your kitchen’s size, styling the kitchen does not have to be a headache-inducing business. Start by mapping your kitchen. Knowing the layout of your kitchen, first and foremost, is the key to leveling up your kitchen space.

A cleverly designed kitchen saves space

One of the open plan floors’ functions is that it saves so much space. But space is not merely the advantage of a kitchen as a focal point of the living and dining spot. The fact that the view is to the whole space is going to be unobstructed gives an illusion of largeness. This is an obvious advantage from an aesthetic point of view.

The kitchen is pretty much the new living room

A long time ago, it used to be that kitchen is the place that was tucked away, hidden from everyone. This is especially apparent in older houses. One of the prime examples of this is the houses of the nobilities, where kitchens are a part of the servants’ territories, and the masters of the house seldom visited. In contrast, these days, there’s often they often say that the kitchen is the heart of the house. Your kitchen influences your life’s flow. And even the day starts in the kitchen. So it’s time to spruce up and sweeten up this important place of your house.

BaIi Luxury Villas for Your Unforgettable Long Vacation

Arranging everything for long holiday can be a hassle. However, having a dream vacation these days is not that hard. In fact, everything can be arranged systematically and easily. That is why it is easy to go for a vacation whether for short or long trip. One of the most hassled thing to do is finding the right accommodation. However, there is Bali luxury villas offering you a 5 star service for memorable and enjoyable vacation in Bali.  There are many things in Bali to explore and wasting your time searching the right accommodation will be such a shame. Started from the culture to the most bizarre things, Bali offer everything to the next level. Villas is no exception. There are many private and prestigious villa you can book for your holiday in Bali and let the team choose you.

Bali Luxury Villlas

Best service and experience from Bali luxury villas

When it comes to accommodation, most important factors you should consider is the safety and comfort. Then, you need to pay attention to the type of service given by the management company. This is why Bali luxury villas is the right holiday planner during your vacation in Bali. Here are what you will enjoy:

Wide range options of villas

There are many types of villas you can choose for your stay in Bali. All villas in Bali luxury are private and prestigious, bringing out the best environment of Bali. Every villa is also equipped with high-end facilities to accommodate your need during your stay. You can choose villa based on the price range, location, or other arrangements. If you have kids, you can also ask for additional amenities to make your holiday in Bali with your families more comfortable and enjoyable.

Full package with five star service

Choosing to hire the team for your holiday in Bali is good option because then you will receive a 5-star service in a full-package. Thus, you don’t to sweat anything to get the most memorable experience during your stay in Bali. Everything you need will be delivered so you can enjoy your holiday to the max. There is no need to plan your itinerary on your own.

In-house service

The team of Bali luxury villas not only provide you the best villa to stay in but also in-house service. It includes personal chef to cook your meals. The chef will be making the meals according to your liking. Or, they can also give you recommendation of what to eat.

Get the finest of Bali

There are many places to visit and attractions to witness. If you have difficulties to plan your schedule, you can ask the team to help you deciding where to go and what to enjoy the most of Bali.

Celebrating your special days in villas

There is always time to celebrate special occasion. However, holiday in Bali is the best time to do it. If you want to hold an event such as birthday party or even wedding after party, the team will help you organizing everything.

Understanding More the Risks and Challenges in Real Estate Development

In every business, there is always risk and challenge no matter how insignificant it is. Real estate development has risks and challenges. Especially because it involves multi-step process that can be complex and complicated.

A single project can take time more than what you have planned before.

It can take years to finish. Along the way, there are always obstacles whether big or small. However, lots of people choose this anyway.

Risks and challengings in real estate development

That is because real estate development is one of the most highly profitable investment. Development projects allows you as developer to create something new and fresh to be offered to the market demand.

Everything you have worked hard for will be paid off if you successfully finish your project with perfect result.

Risks and challenges in real estate development

There are many factors which can influence the level of risk you will face when handling development projects.

The type of project is the main factor.

In addition stage can also influence the intensity of the risk and obstacles you are going to face when handling a development project. Here are things you need to know about risks and challenges in development projects:

  • The risk is lower if the tenant is already identified. This mostly happens when you handle a retail built-to-suit project. When the project is already under lease, the risk is also lower. Just take example when you handle development project based on the request of already famous retail such as fast food retail. Since you have already known what the tenant want to the project, you don’t have the risk of the project to be disliked because the building is already like a uniform anyway. There is little to non-existent risk for the project to be rejected because since everything is clear.
  • The risk will be higher when you handle speculative projects. This happens when you have only few or no leasing commitments before commencing construction. You, as developer needs to figure out what the market wants and needs. You need to choose wisely about everything regarding to the development projects. This requires more research in the beginning. In this subject, the leasing risk is also higher because you don’t have already identified tenants. If you create unique project, the construction risk is also higher because there might some mistakes in small details to perfect the project.
  • In very stage of development project, there will be obstacles you need to face. In pre-development stage, the risk is considered the greatest and the most varied. That is why you need to do everything thoroughly especially on the preparation. You need to do thorough research to make sure your plan will work just find and identify some potential risks to tackle down. Compared to pre-development stage, the middle stage in which the construction begins has lower risk. Thus, you need to deal with the risks in the beginning to make the next stage of development goes smoothly. The risk in the final stage is to obtain tenants. That is the greatest challenge.

Things to research about property investment

Research is essential when it comes to property investing. Jumping blindly to property investing won’t do you good. Investing in property involves financial decision making which costly if you are not careful and thorough. Research allows you to make strategic plan based on the situation and avoid making costly mistakes. Planning and research are important part of property investing you cannot just ignore. Smart investor will gladly do their own research without being told to because they know the importance of it. However, it is also important that you know what you are going to research about.

Things to research about property investment

What you need to research for property investing

Property investing is promising business but it has also its own risks. Being brave and willing to take risk is not the only thing you can do. Bravery without calculating the risk will only put your money in the line. That is why you need to do your own research to gain reliable information and data to take actions. Research for property investing should include related topics and subject. Here are things you need to find from your research:

  • Deciding your long term goal is essential in property investing. However, it will be hard to do if you don’t know your financial position and capacity to buy a property as investment. Besides, there is always risk you need to calculate before making any financial decision. To make everything easier, you can seek advice from professional and experts. They can give you honest opinion and useful assessment. This will allow you to know the big picture of your timeframe in investing.
  • Remember that even though you do your own research, you still need others to complete it. You need reliable, solid team to help you gain reliable information and advice. You need to build your own investment team consist of financial advisor, professional accountant, broker, etc. they can help you identifying the best strategy for your investment.
  • Next thing to research is of course the market and location. You need to find investment grade property which is quite challenging. To find the right location, you will need to dig deeper about its history of capital growth, demographics matters, etc. demand factors and local supply also need to be included in your research. This subject may take the longest in the process because it is challenging to find the right location. However, it will be worth it once you find the right one.
  • Thing you need to research is the type of property you want to invest in. You need to find the one that will suit your investment strategy and goal. Make sure to find the right property at the right price in the right location. You need to consider the proximity to essential amenities as well.
  • As mentioned earlier that you need to research about the right property at the right price. Thus, you need to find out as well how much you are willing to pay for a property investment. This is important to avoid paying too much for a property.