How to check the developer before you start cooperating with him?

In Bali, the number of development companies offering not only stylish apartments, but also luxury villas by the ocean is growing rapidly.

This is natural, because in the first half of 2023, the real estate market in Indonesia has shown significant growth: the number of applications for the purchase of housing rose by 47%. And where there is demand, there is supply. But how to choose a good real estate developer?

We look at the following criteria:

Reputation

We study reviews, publications in the media, discussions on forums and completed projects of the developer. They can give an idea of the development company.

Land documents and building permits

If the developer has the necessary licenses and permits to build and sell real estate, this indicates its reliability.

Financial stability

It is important whether the developer builds with its own funds or uses borrowed funds. If the Company invests its own funds, then it is interested in the exact observance of deadlines as well as the buyer of real estate.

Summarizing, we would like to note that the choice of a developer in Bali - an important and responsible step. Only after a thorough analysis can you decide to start cooperation with this or that developer.