Dreaming of owning property in Bali but limited by your starting budget? If so, buying an off-plan property might be the perfect solution. Off-plan villas are popular among investors because they often come at lower prices.
But what exactly is an off-plan property? Don’t worry, this guide will explain everything. We’ll cover what it means, the benefits, and why investing in off-plan property could be a smart move in 2025. Let’s dive in!
What Is an Off-Plan Villa?
An off-plan villa is a property you buy before it’s built. Instead of walking through a finished home, you’re purchasing based on the developer’s plans, drawings, and designs.
Think of it like reserving your spot for a villa that’s currently under construction—or hasn’t even started yet.
When you buy off-plan, here’s what you can expect:
- 3D Renderings or Digital Designs: Visual representations of what the villa will look like when completed.
- Floor Plans: Layouts showing the size and arrangement of rooms.
- Brochures or Models: Tools that help you visualize the finished property.
Off-Plan vs Finished Property
When buying property in Bali, you’ll often hear the terms off-plan and finished property. Both options have their own pros and cons, depending on your goals, budget, and risk tolerance. Here’s a quick overview to help you understand the difference and make a smart decision.
| Aspects | Off-Plan Property | Finished Property |
|---|---|---|
| Definition | Property bought before construction is completed | Property that is already built and ready to use |
| Price | Usually cheaper than finished properties | Higher upfront cost |
| Customization | Often allows you to choose finishes or make design changes | Limited to renovations after purchase |
| Rental Income | No income until the property is finished | Can generate income right away |
| Risks | Construction delays, developer issues, or market changes during build time | Fewer risks; no delays or surprises during construction |
| Market Value | Potential to grow as the area or market improves | Known market value based on current conditions |
| Tangibility | Hard to visualize until it’s built | You can see and inspect the actual property |
| Payment Terms | Often offers flexible payment plans during construction | Usually requires full payment upfront or a mortgage |
Also Read: Freehold vs Leasehold: Which Ownership Type is Right for You?
Is It Good to Invest in Off-Plan Property?
Yes, buying off-plan property can be a smart move, since one of its advantages is the lower entry price.
For example, off-plan villas price in Bali typically range from $180,000 to $400,000. While the number can vary based on location, size, and features, it’s still much more affordable compared to fully furnished villas, which can go up to $1,000,000 or more.
You also only need to pay around 10% deposit upfront, making it more accessible for beginners. Another benefit of buying off-plan is the potential to resell for a higher profit, along with the flexibility to choose the best unit and customize it to your taste.
Also Read: Benefits Of Buying Off-Plan Property In Bali
Things to Consider Before Buying Off-Plan Property
Still unsure where to start? Keep these simple tips in mind before purchasing your first off-plan villa project:
1. Check the Developer
See if they’ve completed other projects and ask past buyers about their experience. Look up reviews to make sure they deliver on time and with good quality.
2. Understand the Costs
Ask for a full breakdown of all costs, including extras like parking or storage. Be ready to pay a deposit (usually 10-20%). Talk to a mortgage advisor if you plan to get financing.
3. Review Plans and Contract
Study the layout, room sizes, and materials. Have a lawyer review the contract, especially the “sunset clause” which tells you the latest completion date.
4. Expect Changes and Delays
Some small design changes are allowed. Construction delays can happen, so check what your rights are if the project runs late.
5. Think Long-Term
Look at the area’s future potential. New developments can raise property value. If you want to use your property for investment, research rental prices for similar properties nearby.
Also Read: Finding the Right Property Management Company in Bali.
Explore More Off-Plan Options
Finding the right off-plan property can feel overwhelming, especially in a competitive market like Bali. That’s where we come in.
At Bali Villa Realty by Ilot Property, we offer curated listings from credible developers to help you find a villa that fits your needs. Explore our listings here or book a free call with our real estate expert by clicking the link below. We’ll answer all your questions right away.
