THE LEGAL STUFF:
- Make sure there is LEGAL access to the block you are buying.
- Don’t listen to rubbish about “its a public road”, OR “No problem, It’s my uncles land, so it’s fine”. Or ” We have an ‘agreement with the Owner’ to use the access”. NOT good enough. Agreements can change. Uncles can change their minds.
- Don’t just trust someone and put all the money into their bank account, before the legal work is done. You wouldn’t just trust someone in Sydney, and hand money over because they ‘say’ they owned a property, you like the look of: so don’t just trust someone you never met before here either.
- If legal access is NOT clearly yours to use, then forget the deal.
- Make sure the land has a Certificate. Get that certificate checked by a Notary, before you pay for the land.
- There may be a “duplicate” certificate. That is why you need a notary to check it. Some areas in the south and particularly West of Kuta have encountered this, so please check thoroughly. Chances are your land is fine but CHECK.
- If the land does not have a certificate, but you are sure the land is Ok, Then only pay a small amount until a certificate is produced, (and you have it checked). Because: some people will try and sell you someone else’s land or forestry land to you. You can not ever own it. Or the original owner may have died and the Notary needs to check all family members who could have inherited that land, signed when the certificate was produced.
- You found the piece of land you love. You have checked that you would own the access and the land. BEFORE you settle: think about the following:
- Who will I get to design and build my house? check the work of any architect or builder who you might hire.
- If there is an offer of a land/ build. Check the pricing. Make sure its fair. You can build quality structures for less than $600 USD a Sqm at this point in time. If someone says they can build it for $100 a sqm; or $1500. Walk away.
- If I build a house, and I want to have family and friends join me sometimes, or rent it out. : Is it close to facilities that renters would want. ie The beach, Restaurants, Doctors.
- Is the road to the land, easily accessible? If not, think again: because no matter how lovely your outlook might be, people need to go out and about, to dine and drink and have recreational activities close.
- If I am not here all the time who will look after my house?
- Are their other quality structures going to be built in the area? so my investment will increase in value over time? If not, or you don’t know, then make sure you will be content in a local area, isolated. Some people prefer that, most don’t, particularly friends and holiday makers.
Investing in Southern Lombok can reap great rewards and its a fantastic place to spend time in. IF you have done your homework. Make sure you are happy with the area, the block of land, and you have legal title to access the land and for the land. Make sure you are close to all the things holiday makers, your guests, or you need, or want. Then sit back, reap the rewards, and enjoy your piece of paradise.