Thinking of investing in Lombok and have a spare two minutes?
Here are our top tips to help you get started:
1. Do it the legal way.
Understand the Indonesian property ownership structures available to foreigners, the steps that need to be followed to invest in property or land and the required licenses. We always recommend that you seek the help of legal experts who can guide you through the process and undertake the required due diligence on your behalf. This will give you the reassurance you need when investing in Lombok. Don’t rely on Google to give you the answers to your questions! This just brings up a lot of contradictory and out of date information that will leave you more confused than when you started.
2. Don’t rush into things.
Take your time. Do your research. Look at the different options. While it’s an exciting time, make sure you take time to breathe and reflect. We’re on island time after all!
3. Deal with reputable people.
Its beneficial to deal with experienced and knowledgeable people on the ground. Get to know people living in the area, ask questions, get their insight. We can help assist with putting you in touch with reputable legal firms, notaries, architects, builders etc, just get in touch.
4. Construct with caution and care.
Building anywhere is a daunting task and can be stressful. Choosing an experienced contractor and project manager is essential especially if you are not on the ground to manage the process. Buying via a managed estate may be a better consideration if you are not based full time in Lombok. Taking away the stress of managing a build along with managing and maintaining your investment once it is complete.