Bali, Indonesia – A couple from Tasmania, Australia, took a leap of faith by building a villa in Bali despite never having been to Indonesia before. Rory and Casey Jones invested 2.287 billion Indonesian rupiah, around $143,000, in constructing a two-story villa in Bali. Their decision was driven by a desire for a tangible asset that could generate income while also serving as a potential retirement home, showcasing their strategic financial planning.
Despite having no prior experience in Indonesia, the couple extensively researched different countries before settling on Bali. The island offered the highest return on investment for short-term rentals, making it an ideal location for their investment property. The Joneses’ villa in the Bingin area near Uluwatu was built on a 30-year land lease, reflecting the restrictions on land ownership for foreigners in Bali.
The villa, with two bedrooms and two bathrooms, was meticulously designed and crafted locally, blending modern industrial aesthetics with Balinese influences. The couple’s decision to build from scratch allowed them to dictate the construction standards and customize the design according to their preferences. The villa, inclusive of furniture and permits, cost them 2.287 billion Indonesian rupiah, showcasing their commitment to investing in a unique and personalized property.
Renting out the villa on Airbnb has proven to be a successful venture for the Joneses, with a 4.58-star rating based on 26 reviews. While initially planning to spend a few months a year in Bali, the popularity of their villa has led them to consider leaving it rented out on Airbnb full-time. Their long-term goal is to retire in Bali within the next five to six years, demonstrating their dedication to building a future in the tropical paradise.
As they work towards their retirement dreams, the couple also has plans to develop more investment properties in Bali. Despite facing challenges during the construction process, including delays due to bad weather, the Joneses remain optimistic about their future in Bali. Their advice to others considering building a house in Bali is to manage expectations and embrace the unique pace and style of construction in the region.
In conclusion, the Joneses’ journey of building a villa in Bali exemplifies the allure of investing in property overseas and the potential for creating a dream home in a tropical paradise. Their story serves as an inspiration for aspiring investors looking to venture into the real estate market with creativity, determination, and a willingness to embrace new experiences.