Cost of building a house in Bali Indonesia
Since it is possible for a foreigner to legally rent a piece of land for at least 30 years in Bali, it is also possible to build your own house on that land. Then the question comes up about what is the cost of building a house in Bali Indonesia?
The location of the house or villa
Generally we can say that it is cheaper to build a house somewhere in the province than somewhere near a tourist place, like in Seminyak, Kuta, Ubud…
It is also true, that it is cheaper to build a house somewhere in the North of Bali than in the South, due to lower labor costs. Most foreigners however prefer to build their houses at or near tourist places anyway, but a significant number also moves to the North East, in Lovina or other place.
There are two ways to build a house in Bali, after you have solved all necessary paperwork and planning:
You look for a “building team” and negotiate a “price per square meter” with the foreman that can be with or without the material. Doing it this way, might be a little more expensive but causes certainly less trouble.
You build or manage the building of the house by yourself and also look for the workers and the material by yourself. Might be less expensive but causes more trouble and you’ll also have to buy all the material by yourself.
Cost of building a villa in Bali Indonesia
Prices for building a house in Bali Indonesia also depends on the style you want to build. It is the cheapest if you build Unit Style Apartments, which is basically a big garage with some more internal walls and a bathroom. You can find this style everywhere along the roads in Bali.
Most expensive of course is to build a Villa, with all western style equipment.
So, the cost of building a house in Bali ranges from about 5 Millions IDR per m² for a unit style building, with Indonesian style bathroom, up to about 12 Millions IDR per m² for a luxurious and unique villa. Remember that these prices can double at- or near well-known tourist places. So you probably won’t be able to build the cheapest house for 5,000 per m² at a place like Seminyak or Canggu.
If you build two or more floors, multiply these prices by the number of floors.
These prices should include all building material like cement, blocks, roof, tiles, windows, doors, electric and bathroom but of course not the furniture.
In conclusion we would like to say that nowadays in 2017 a villa with a good standard and very well finished cost around 7 Millions IDR by m2.
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– Cost of Building a Pool in Bali
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– Return Of Investment Simulator for Villa Rental
Calculate the return of investment (ROI) of your real estate investment in Bali.
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