CONSTRUCTION

Can Vision Immo Bali provide assistance with property renovations?

o Yes, Vision Immo Bali offers comprehensive assistance with property renovations. We have a skilled team of professionals who can help with remodeling, refurbishing, or upgrading your property. From design conceptualization to project management and execution, we ensure that your renovation project meets your requirements and is completed to the highest standards.

Does Vision Immo Bali handle new construction projects?

o Yes, Vision Immo Bali is experienced in handling new construction projects. Whether you want to build a new villa, commercial property, or any other structure, our team can provide guidance, oversee the construction process, and ensure quality workmanship throughout the project. We work with reputable architects, engineers, and contractors to bring your vision to life.

What types of construction projects has Vision Immo Bali previously undertaken?

o Vision Immo Bali has undertaken various construction projects, including residential villas, commercial buildings, hospitality properties, and more. We have experience in both small-scale and large-scale projects, ranging from renovations to ground-up construction. Our portfolio showcases our commitment to delivering exceptional construction results.

Does Vision Immo Bali provide architectural and design services?

o Yes, Vision Immo Bali collaborates with skilled architects and designers to provide comprehensive architectural and design services. We can assist with designing functional and aesthetically pleasing spaces that align with your vision and preferences. Our team ensures that the architectural and design elements integrate seamlessly with the construction or renovation process.

How does Vision Immo Bali ensure quality and timely completion of construction projects?

o Vision Immo Bali maintains a rigorous approach to quality control and project management. We work with reputable contractors and suppliers who meet our strict standards. Our project managers closely monitor construction progress, conduct regular inspections, and ensure adherence to project timelines. We prioritize open communication and transparency throughout the construction process.

What’s the time frame to buy a land in Bali ?

o The time frame to buy land in Bali can vary depending on several factors, including the specific circumstances of the purchase. Here are some general considerations regarding the time frame:

o Property Search: The duration of the property search process can vary significantly. It depends on factors such as the buyer's requirements, budget, desired location, and availability of suitable properties. It may take a few weeks to several months to find the right land that meets your criteria.

o Due Diligence: Once you have identified a potential land to purchase, conducting due diligence is essential. This involves verifying the legal status of the property, checking for any encumbrances, ensuring land use rights, and confirming ownership. The due diligence process can take several weeks, especially if there are complex legal or administrative issues to address.

o Negotiations and Agreement: After completing due diligence and confirming the suitability of the land, negotiations with the seller regarding the purchase price, terms, and conditions will take place. The negotiation process can vary in duration, depending on the parties involved and the complexity of the transaction. It may take a few days to a few weeks to reach an agreement.

o Contract Preparation and Signing: Once the negotiations are successful, a contract will be prepared outlining the terms and conditions of the land purchase. The contract drafting process may involve lawyers or legal professionals and can take a few days to a couple of weeks, depending on the complexity of the transaction and any specific requirements.

o Land Transfer and Documentation: The transfer of land ownership involves completing the necessary paperwork, including the preparation of the notarial deed (PPAT), tax clearance, and registration with the local land office. The process of transferring ownership can take a few weeks to a couple of months, depending on the efficiency of the involved parties and government agencies.

o Payment and Completion: Once all documentation is in order and the necessary payments have been made, the land purchase is completed. The time frame for payment and completion can vary depending on the agreement between the buyer and seller, but it typically occurs shortly after all legal requirements are fulfilled.

o It's important to note that the time frame mentioned above is an approximate guideline and can vary depending on individual circumstances, complexity of the transaction, efficiency of parties involved, and any unforeseen challenges that may arise. Engaging professional assistance, such as lawyers or real estate agents experienced in Bali property transactions, can help streamline the process and ensure a smoother and more efficient land purchase experience.

Whats are the steps when I buy off plan with VIB ?

o When buying an off-plan project with Vision Immo Bali, the process typically follows a structured timeline and payment schedule. Here is an overview of the typical process:

o Project Selection: Choose an off-plan project offered by Vision Immo Bali that aligns with your preferences, budget, and investment goals. Review the project details, including the location, design, amenities, and expected completion timeline.

o Booking and Reservation: To secure your unit or property within the off-plan project, you will be required to pay a booking fee of 15%. This fee is used for legal registration purposes and ensures your reservation. The booking fee can be paid either at the office or online through secure payment channels.

o Agreement and Initial Payment: Once the booking is confirmed, you will proceed to sign the agreement with Vision Immo Bali. At this stage, you will make a payment of 45% of the total purchase price. This payment typically covers the foundation and ground-breaking phase of the construction process.

o Progressive Payments: As the construction progresses, there will be additional payment milestones. These payments are usually structured based on different stages of completion or milestones. The specific payment schedule may vary depending on the project, but a typical structure may include:

o Third Payment (20%): This payment is made to cover the structural costs once a certain level of construction progress is achieved.

o Fourth Payment (15%): This payment is made during the finishing and furnishing phase, when the property is nearing completion.

o Final Payment (5%): The remaining 5% is typically paid approximately three months after the completion of the project and the handover of the property.

o Documentation and Signing: Throughout the process, the necessary documentation and contracts will be prepared by Vision Immo Bali. These documents can be signed either at the office or remotely via Docusign, providing convenience for investors who live abroad. It is important to carefully review and understand all terms and conditions before signing any agreements.

o Completion and Handover: Once the construction is completed, and all payments have been made, Vision Immo Bali will facilitate the handover of the property to the buyer. This includes the transfer of ownership and provision of relevant documents and keys.

o It's worth noting that the above process is a general outline, and specific details may vary depending on the project, contractual agreements, and any additional terms negotiated with Vision Immo Bali. It's advisable to consult with Vision Immo Bali directly for precise information regarding the specific off-plan project you are interested in.

What are the fees linked to an off plan project ?

o When purchasing an off-plan property in Bali, there are several fees associated with the transaction. While the specific amounts can vary depending on the property and the developer, here are some common fees to consider:

o Booking Fee: The booking fee is typically a percentage of the property's purchase price and is paid upfront to reserve the unit. This fee can range from 5% to 10% of the property price.

o Legal and Notary Fees: These fees cover the legal aspects of the transaction, including drafting and reviewing contracts, conducting due diligence, and facilitating the transfer of ownership. Legal and notary fees typically range from 1% to 2% of the property price.

o Taxes and Duties: When purchasing a property in Bali, certain taxes and duties apply. These may include the Transfer Fee (BPHTB), which is calculated based on the property's sale value and can range from 1% to 5%. Additionally, Value Added Tax (VAT) of 10% may be applicable to the purchase price.

o Land Certificate Fees: Obtaining a land certificate (Hak Milik or Hak Guna Bangunan) is an essential part of the property purchase process in Bali. The fees for land certificate issuance can vary but typically range from 1% to 2% of the property price.

o Bank Fees: If you require financing for your off-plan property purchase, there may be bank-related fees, including loan application fees, administration fees, and mortgage fees. These fees can vary depending on the bank and loan agreement.

o Utilities and Connection Fees: When taking ownership of the property, you may need to pay fees for utility connections, such as electricity and water. These fees can vary depending on the property location and utility providers.

o It's important to note that the above fees are approximate and can vary based on the specific property, developer, and local regulations. It is recommended to consult with a legal professional or a reputable real estate agent to obtain precise information on the fees associated with your particular off-plan purchase in Bali.

Is there a withdrawal period with VIB ?

· Its not an obligation in Indonesia but at VIB we believe it’s a must.

· So yes, we have a withdrawal period of 14 days with Vision Immo Bali. This means that if you decide to withdraw your investment within 14 days of making the initial investment, you are entitled to do so and receive a refund of your investment amount. The withdrawal period is designed to provide investors with a certain timeframe to reconsider their investment decision and make any necessary changes.

· It's important to note that the specific details and conditions of the withdrawal period may be outlined in the investment agreement or contract provided by Vision Immo Bali. It's advisable to carefully review the terms and conditions related to withdrawals, including any potential fees or requirements, to ensure a clear understanding of the process.

· If you are considering investing with Vision Immo Bali or have already made an investment, it's recommended to reach out to their customer service or representative for specific information about the withdrawal period and any other related policies. They will be able to provide you with the most accurate and up-to-date information based on their specific investment offerings and procedures.

Is there a gurantee on my off plan villa ?

· We offer a one-year warranty for our houses, ensuring that they are free from major construction defects. This warranty provides peace of mind to our customers, knowing that their newly built homes are of high quality and craftsmanship. However, it's important to note that certain events and circumstances beyond our control are not covered under this warranty.

o Our warranty does not cover force majeure events, severe weather conditions, earthquakes, floods, accidents, or any issues related to the natural degradation of buildings over time. These are unpredictable events and natural occurrences that are beyond anyone's control. While we strive to build durable and resilient homes, we cannot guarantee protection against these specific events.

o To address these concerns, we have partnered with reputable insurance companies like Howden Insurance Company. They offer comprehensive home insurance packages to our customers, covering risks such as theft, fire, earthquake, flood, and degradation related to volcanoes or any other natural events. Our customers have the option to obtain additional insurance coverage to protect their homes from these unforeseen circumstances.

o We highly recommend our customers to consider obtaining home insurance through our trusted partners to safeguard their investment and ensure they have comprehensive coverage for any potential risks. Our team can provide further details and assist in connecting you with our insurance partners to explore suitable insurance options for your specific needs.

· Please note that the terms and conditions of the insurance coverage will be determined by the insurance provider, and it is important to carefully review the policy and consult with the insurance company directly for any specific questions or inquiries regarding coverage and claims procedures.