Hi, I am new here but I have read a lot of the forum in the last few days. Interesting, informative and enlightening. Here is my story, I am thinking of buying in Ubud, a piece of land with an existing house on it which I would like to rent out at a latter stage after doing some renovations to it. It really is not a very nice house and needs considerable work. I am also thinking of building a separate house on the land for myself, with swimming pool of course. The purchase cost of the land is 2,300,000,000 R. The property is walking distance to Ubud, right there as a matter of fact.
What I would like to know is:
[*]Do you think that is a good price, I know it is like guessing the length of a piece of string, but some of you must have an idea if I am paying too much.
[*]I will be using a nominee to buy the property, someone I have known only 4 months
[*]Any trustworthy builders / architects
[*]Any pitfalls I should be aware of
I would also like to hear some good stories on the buying / building in Ubud if there are any out there. I have searched the net and what I have found has sort of made me very wary of the whole idea. I am a single female and am feeling a bit vulnerable as I will be sinking my life's savings into this project. I plan on moving to Bali till the ol' reaper comes a knocking for me.
Thanks in advance for your time and thoughts regarding any points in my post. Actually, I would also be interested in bad experiences around buying and building in Ubud...may as well take the rose colored glasses off for awhile!!
What I would like to know is:
[*]Do you think that is a good price, I know it is like guessing the length of a piece of string, but some of you must have an idea if I am paying too much.
[*]I will be using a nominee to buy the property, someone I have known only 4 months
[*]Any trustworthy builders / architects
[*]Any pitfalls I should be aware of
I would also like to hear some good stories on the buying / building in Ubud if there are any out there. I have searched the net and what I have found has sort of made me very wary of the whole idea. I am a single female and am feeling a bit vulnerable as I will be sinking my life's savings into this project. I plan on moving to Bali till the ol' reaper comes a knocking for me.
Thanks in advance for your time and thoughts regarding any points in my post. Actually, I would also be interested in bad experiences around buying and building in Ubud...may as well take the rose colored glasses off for awhile!!