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Social plays important role in business. It can used as one of the most effective tools to increase your sales. Of course, it is not as simple as it seems because you need the right strategy in order to boost the sales. The most important point of using social media is to create engagement with your target audience. Instagram is one of the most promising social media platform you can use to boost your marketing strategy. Through Instagram marketing strategy, you can generate better engagement since it is where modern people spend their hours every day.
How to create more engagement with Instagram marketing strategy
If you are not used to handling social media account, it might be a bit difficult to navigate your ways. However, social media is made to be user-friendly so it is highly likely that you are able to use it relatively fast. And here are some tips to create better engagement with Instagram marketing strategy:
1. Open your Instagram account
It is highly recommended that you create separate account from your personal handle. When making your business profile, make sure to set the page as business account. Then, select relevant categories with your business so you can reach your target customer base. Then, you may also add some details to your business account by sharing contact information, business address, email, phone number, etc. Choose your business logo for the photo profile.
3. Know your target audience
Pinpoint your target audience by creating buyer personas that are manageable for you. You can choose the personas based on certain characteristics such as age range, job title, gender, specific area, motivation, main problems, and any additional information you can get to create more accurate buyer personas. The more specific they are, the better your content will be because you know what to deliver.
4. Consider incorporating relevant hashtags
Hashtags are important elements in social media platform. They are used for various purpose but mainly to specify the search or trend something. Find hashtags that are relevant to your business, on point, and have good following. Then, make sure to incorporate the hashtags you have chose to your posts.
5. Create engagement by interacting with your target audience
Your social media account won’t grow if you stay silent. Hence, be as active as you can by interacting with your target audience. Build healthy, positive relationships with them because it is what lead to trust and long lasting partnering. Follow people in your target audience, like and comment their posts, and share some of their posts in your stories every once in a while.
6. Set clear goals
You need to set clear goals to know the progress of your Instagram marketing strategy. Make sure the goals are not only clear but also narrow, specific, measurable, and actionable. Focus on your business when setting the goals. This way, you will be able to monitor the performance of your Instagram marketing strategy and find out what to change or fix to make a better performance.
Beach vacation rentals appear to be the epitome of luxury. What could be better than sunset views, sandy beaches, and mornings spent on the cafes around the coastal roads? Having a beach villa in Bali means running the ideal summer vacation destination for any guest.
Beach vacation rentals, on the other hand, necessitate more maintenance than standard rental properties. The same sand, water, and sun that your guests enjoy might hasten the deterioration of your property. You can be stuck with a property that’s burning a hole in your wallet while it collects bookings if you don’t have suitable maintenance and cleaning ideas. Having a villa in Berawa beach Canggu, for example, is highly different with owning one in Ubud.
Don’t panic. This is what this guide is for. Here’s all you need to know about cleaning and maintaining your oceanfront villa in Bali.
Regularly Repaint the Exterior of Your Bali Beach Villa
Under direct sunlight (particularly on south-facing walls) and constant exposure to salty sea air and sand, any paint, no matter how good, will ultimately fade. Coastal house paint will fade, blister, or chalk if left unattended. However, you can put off the inevitable. Expect to prime and paint your home every few years to keep it looking new. Consider examining your paint for cracks or other issues once a year to avoid pricey repairs.
Regularly Touch Up the Varnish of the Wood
Unprotected wood, such as that used to construct your siding or outdoor decks, is particularly prone to damp seaside climates. It is easily and quickly susceptible to decay and mold. You could see traces of swelling and warping over time. Even if your villa doesn’t sit right in the side of any beaches in Bali, the harsh sun will make the wood’s colour fade sooner than you think.
Re-apply the varnish every season to create a protective layer to counteract the impacts of high humidity and moisture. Furthermore, varnish can enhance the natural beauty of wood.
More Villa & Business Insight:
Prep the Surface Before Any Touch-Up
It’s critical to prepare the surface you’re painting or staining appropriately in a coastal setting. To ensure total removal of flaking paint, sand it off then sand it again. Examine the wood for signs of warping or rot, and replace it if required.
Protect the Furnitures in Your Patio
The outdoor area of a beach villa in Bali always bring certain charm to the guests—whether it’s pool, garden, or backyard lounge. However, If not protected from the sun, sand, and moisture, patio furniture, umbrellas, and your outdoor furnitures will deteriorate and rust. When you don’t have guests or during the off-season, one solution is to store these products. Cover them and leave them out, as moisture can be trapped underneath, creating an excellent breeding ground for mold and mildew. When it comes to designing your beach house, an even better option is to invest in furniture constructed of long-lasting, weather-resistant materials.
Prevent the Growth of Mold in Your Villa
Mildew and mold are common in moist areas, and they can grow on almost any surface, both inside and outside your beach house. Homes that have been closed up for an extended period of time or bathrooms that lack adequate ventilation (hello, steamy showers) are likely breeding grounds for both. Allow your vacation home to breathe and air out on a regular basis. Most importantly, keep your home clean by wiping down all surfaces with a cleaning or anti-fungal solution on a regular basis.
Decks and roofs are another source of mildew and mold. The combination of humidity and sunlight can lead to the growth of algae or mold. So have them cleaned professionally—and on a regular basis.
Regularly Clean the Salt on Your Beachfront Villa’s Window
What can be better than having a beachfront villa in Bali with direct view to the ocean? Aside from being close to the beach, the view is the most appealing feature of a beach house. This is the million-dollar view that makes your villa so valuable, and thus the high renting price! However, such high-valued window is prone to salt stain if you are not careful. Don’t let foggy or humid windows, caused by salt accumulating on the glass, impair your customers’ experience. Window washing on a regular basis will keep them clean and free of corrosive salt particles.
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Do Regular Pest Control
Your guests are not the only ones who love to enjoy a stay near the ocean. Roaches, termites, and rodents, on the other hand, do. These pests are drawn to dark, warm, and damp environments, and they commonly build their nests in difficult-to-reach spots. The best approach to be sure they’re not making your house their home is to have professional inspections done on a regular basis.
Avoid Metals Whenever You Can
Avoid having metal features on the exterior of your property, such as stair railings, outdoor lights, and window frames, if at all possible. Metal rusts as a result of the combination of salt and sea air. Look for alternate materials for your windows and doors, such as fiberglass frames. Alternatively, stainless steel, aluminum, or powder-coated metal can be used. They won’t be impenetrable to rust, but they’ll last a lot longer. If you already have non-weatherproof metal parts, paint them over to add another layer of protection.
Online businesses are already booming now but one thing for sure is that successful transactions still happen away from computer. However, it is very possible for you to also generate successful online transactions even if your business is predominantly offline. In fact, having both offline and online transactions successfully generated is possible and will surely benefit your business.
Increasing online sales and boost your business
it is such a waste to use internet because your business can actually benefit from it. Even if your business is not online-oriented, you can still take advantage of it and generate more successful transactions. And here are some useful tips for you to consider in increasing online sales:
Create preference to your brand
Internet is such a large space that makes users jump from one place to another pretty easily. To make sure you are going to be the one chose, create a preference to your brand. It means you need to build your credibility and authority. Create preference that is reliable, credible, useful, and authoritative to draw in more internet users.
Focus on sale process
Sale process is vital in an attempt to expanding sales online. You need to define the process of how prospect become customer. Create smooth sale process that help navigate your customers easily. For example, make video tutorials, live chats or webinars to educate and inform your customers on how to buy from you. Guide them through every purchasing steps. Make sure that your customers get positive buying experience after having a transaction with you.
Use social media accounts
Optimize your brand’s online presence by using social media. By creating your own account on social media platform, you will be able to create more engagement with your audience. You can post regularly to attract more people. However, make sure that what you post on social media is authentic, relevant, and informative, and interesting. Don’t spam your follower’s timeline with only promotions of your products or services. Go beyond promotion when using social media.
Collect useful data
It is important that every strategy you make to increase online sales is based on the right findings on what your target audience needs and wants. Find out more about what your customers like from offline buying and incorporate it to generate your online sales. This is a great secret recipe you can get to create more effective and engaging content through your online platform. It may take time to find the accurate data and findings but they are worthy.
Build reliable team
Managing online platform to boost your online sales can be overwhelming especially if you are not really familiar on navigating your business online. Hence, it is recommended to have your own team to handle online transactions. It is more efficient because the team can focus more on it without being distracted with other responsibilities. Make sure to choose highly trained and motivated team to work with you. Hence, they are definitely skillful in handling website, answering problems and concerns, and optimizing their human sales skills.
Listing and promoting properties are part of your business that need to be done properly. There are many challenges in today’s housing market so finding the best ways to promote your properties is a must. Capturing buyer’s attention is very challenging especially with the situation today where many people focus more on recovery after the pandemic that is still ongoing. It is even more challenging if the properties you offer are located in an up-and-coming neighborhoods. You need to find effective strategies to encourage people to buy or rent. And here are things you can do to do it effectively:
Incorporate modern tech
Today’s people are more attracted to smart homes that are fully equipped with modern tech. They are interested to invest in a place where they can live with ease. They like to invest in a welcoming and ready to live in place. You can always incorporate modern tech to the properties you offer such as having the doors ready with the electronic locks or curtains that can be control with a remote. The concept of smart home is interested because it provides efficiency especially for first-time homeowners.
Highlight the positive points
If you are worried that prospective buyers or renters are not interested in buying or renting your properties in the up-and-coming neighborhood, highlight the best and positive points. Every neighborhood has positive points you can show to prospective clients. Even if your current neighborhood doesn’t have any, you can promote and reward the good people currently living there. To be then featuring them in local papers or media channels. You can also show positive point by highlighting the rent growth of the neighborhood.
Create an event
You cam create interesting events or collaborate with the businesses around the neighborhood to attract potential clients. For example, you can collaborate with the cafe, restaurant, or shop to create an event. Then, invite potential home buyers or renters to the event. Make sure that you line the walls of the venue with property posters. You can also go further by projecting a video of virtual tour or a slide deck of properties on a wall where every guest can watch.
Take advantage of social media
Social media plays such huge role to promote any kind of business. It is where people spend most of their times to find information, entertainment, or to socialize with their communities. Hence, it is such a great place to target potential clients who are interested in your properties. Use social media to post interesting content regarding to your properties. You will also gain real-time data of people shopping which can lead to higher conversion rates with lower marketing cost.
Showcase the property in the best light
Customize marketing materials by showcasing the property in the best light. You can do it by informing your potential clients about the locations, so they have a visual and imagination of what kind of living arrangement they will have. Inform them about school district, interesting landmarks, or attractions within close distance with the location.
The travel industry have been put into a dormant sleep for the last two years thanks to the global pandemic, but now people are beginning to travel again. At least domestically. Event planning also makes a comeback! Larger weddings, conferences, and festivals are all on the rise, though busiest Bali districts like Seminyak, Kuta, and Canggu is still far from what it used to be. This indicates that you have the potential to generate revenue and reservations from a local event! But how can this benefit your villas rental in Seminyak, Bali? Here are some recommendations on how to attract more event visitors to your Bali vacation tental this year and help you optimize event revenue.
Snatch the Opportunity and Plan Far Ahead
You’ve missed the window to attract event travelers if you wait until a few weeks before the event to develop your marketing approach. This is due to the fact that most event attendees purchase tickets, lodging, and activities weeks or months in advance. As a result, it’s critical to understand the event booking cycle in your area. For example, weddings are frequently planned 10-12 months in advance, while accommodation blocks are typically reserved 3-4 months in advance. Business travel, on the other hand, is normally booked 1-2 months in advance, so if you know a conference coming around Seminyak, you need start marketing your Bali villas far ahead of time so that it can acquire traction.
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Formulate Irresistible Offers to Your Customers
Before we get started on this topic, keep in mind that making a good offer does not always imply cutting your fees. It is, nevertheless, critical to be aware of what your competitors are doing. If a large festival is coming to town, you must be aware of your competitors’ marketing strategy, including their rates and value proposition, ahead of time. That said, you don’t want to copy your competitors; instead, research what they’re doing and add your own creative twist.
You might offer group discounts or unique packages for customers who reserve numerous real estate rental in Bali, depending on your availability and market. The idea is to put the deals publicly so that people are aware of them.
Engage with Your Guests
People want to know that their encounters with you will live up to their expectations. To do so, you should emphasize the unique experience that your Seminyak vacation rental offers. For example, perhaps you have a beautiful bridal suite that’s set up properly for everyone to get ready in, or perhaps you can team up with a local SUP or kayak tour to take your guests on a wildlife tour. Whatever features set you apart from the competition should be highlighted in your marketing, including email marketing, social media, and, of course, your website. If you utilize all of these resources, you will undoubtedly draw more event guests this year.
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Know the Customer Journey and Make Your Strong Digital Presence
Now we’ll delve a little deeper into the customer journey’s touchpoints. Having multiple touchpoints on your customer journey is essential if you want your Bali villas Seminyak to be remembered and eventually ended up in purchase.
SEO for Your Bali Villas Seminyak
The first touchpoint you should work on is SEO material; SEO content takes 6-9 months to rank, so planning ahead of time is essential. If you produce a blog a few weeks before an event, it will not rank for the relevant keywords in time to attract event attendees.
Write Email Marketing
Consider your email marketing approach as well; this is a terrific way to re-engage prior visitors and urge them to book again. Email marketing can also assist spread the news about an event that your audience may not be aware of, but which they may book and stay at because you told them about it!
Make sure you have captivating visuals and CTAs throughout your social media platforms because social media is a wonderful touchpoint for guests in the dreaming and planning stages.
Today, social medis plays such a significant role in boosting almost any type of business. It is because many people around the world now are using social media for various purposes. Hence, they spend their time on social media. They are potential customers for business owners. Thus, building a brand presence on social media is one of the most effective strategies to attract prospect customers.
How to build your brand presence on social media platform
The problem with how huge social media plays in business marketing is, it makes the competition even harder. Your brand needs to be standout from the rest to attract more customers. Hence, many businesses give up on social media after failing to reach their target numbers. Meanwhile, social media is by far the most effective and powerful way to grow a brand as a business, and personally.
Tell story that hook
Propelling your brand presence online is more effective to do by telling a story that truly hooks potential customers. Storytelling has been one of the most effective strategies in marketing. And to build social media presence, your brand can apply the method. Telling a story means you need proper platform to communicate with the audience you aim. You can use blog, Tik Tok, twitter, etc. You can tell your story through a Twitter post, Instagram stories, or videos.
Storytelling will be effective if you deliver interesting story in an interesting ways. Choose the topic that resonates with people to create more engagement with them. Try to make the story as a bridge for you to deliver your message and connect with your audience on personal level.
Building a brand presence on social media won’t happen overnight. It is not something one-size-fits-all thing either. Hence, you cannot just expect to get the same great results as others whose method you copied. You don’t know when you are going to viral. It might happen after you post something randomly. What certain is that you need to be consistent in building your brand presence on social media. It is to keep the engagement with your audience stay intact.
There is high possibility that you lose followers if you post rarely such as once a month or so. It makes your audience lost interest if you don’t stay connected with them consistently. Hence, it is always better to schedule your post ahead of time to avoid missing a beat. Boosting your posting frequency will help ensure you are still capable of reaching out your audience.
Your audience might not find your social media post interesting because it doesn’t give them any value and just waste their time. Hence, don’t forget to add value to your audience. It can come in several forms such as helping to solve people’s problems, discussing hot topic that is trending, breaking a news story, etc. You can also do it by engaging more with your audience such as replying their mentions and comments, answering DMs, etc.
Do you know that families are one of the largest demographic of guests when it comes to vacation rental? When parents start thinking about the perfect family trip, the first thing that comes to mind is usually their lodging. Vacation rentals are becoming increasingly popular among traveling families, particularly those with infants and toddlers, who want to provide a comfortable, homelike environment for their children. Parents especially loves private villas when they travel to Bali than hotel room as villa usually has kitchen that allows them to cook for the family. This means saving more budget from eating out and keep a healthy diet for the kids and family members.
If you run private villas rental in Bali, you’ll want to make your vacation rental appeal to family. You need to effectively market your offering to them! Consider customizing your property to meet their requirements. We have highlight several strategies you should consider to include in your properties to attract this significant segment.
Insert Family Friendly and Kids Friendly Term in Your Description.
This is time to apply simple SEO to your vacation rental description—both in OTA like VRBO or in your own website. Terms like “family-friendly” and “kids-friendly” should be your keyword. Understand that when families are looking for a vacation, they begin by using the “family-friendly” and “kid-friendly” filters. Therefore, you should make it obvious on your villa rental description that your vacation property is family-friendly and kid-friendly. Use particular terms in your description, such as “family-friendly,” so that people reading the content will notice them right away. It’s also worth mentioning if your villa is located on a peaceful street and area of Bali.
More Vacation Rental Insights:
Write Clear Description of How Many Bedrooms in Your Bali Family Villas
It is critical for families to have detailed descriptions and descriptions of the rooms, bedrooms, and sleeping arrangements when they are looking for family-friendly villas in Bali. If you have children’s beds or a crib on hand, make it clear in your listing that you have these extras available and whether you charge more for them. Some parents prefer not to sleep in the same room as their newborn or children, while others do – this is why you should be extremely explicit in your text description, but also include photographs so that the parents can get a clear idea of the spaces and make the best decision for their scenario.
Highlight the Comforts of Sleep for Families
Parents take their children on vacation with the hopes of being able to rest, relax, and recharge. It’s critical that everyone gets adequate sleep for this to happen! Use the checklist below to ensure that your guests have a great night’s sleep and wake up feeling refreshed. To make your Bali family villas truly stand out from the rest, make sure to include family-specific creature comforts in your property.
Sleeping comforters most family with kids needs:
- Blackout curtains
- Bed rails
- Baby crib
- White noise machine
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Provide Fun Things for the Families in Your Private Villa Rental Bali: Toys!
Parents with little kids would greatly appreciate toys! Investing in a few high-quality toys will earn you rave ratings from parents. Toys are frequently large, bulky, or heavy, making them difficult to transport and stow. Having something to occupy the children during downtime is a lifesaver for parents! Here are some ideas for cheap yet playable toys:
- Beach balls
- Mini ball pit
- Wood Blocks
- Large Lego (Duplo)
- Books for Kids
- Activity Books
Make it Fun for Teenage Kids
If the family’s children are older or in their teenage years, they will most likely be concerned about Wi-Fi connection because they will most likely be bringing their own phones and tablets. It’s also a good idea to discuss nearby outdoor attractions like football or basketball courts for when they want to spend some time outside in the fresh air. An XBox, Playstation, or other game device will be a great highlight if you want to appeal to families with older children. Leave explicit instructions on how to use the console, since turning on the TV at someone else’s house is difficult enough!
The year 2020 and 2021 were not the best year for tourism industry, thanks to the global pandemic. Travelling was suspended and many hotels went empty or functioned as quarantine facility. But as vaccination progress and more than half of the world already received their second dose, many people begin to look for opportunities to travel again. The 2022 might be the year where international boundaries get relaxed and travelling get close to normal again. And in the meanwhile, it’s time to bring improvement to your real estate rental in Bali. We’ve put up a list of quick fixes to help you maximise your effort:
Take Management Property for Your Bali Real Estate Rental Seriously
Should you manage your own real estate rental or hire a property manager to do it? Here’s the consideration:
You’ll be able to save management costs if you manage your own unit, as well as keep a close check on the process, ensure a great customer experience, and maintain control over your rental calendar. Along the process, you’ll gain a lot of essential experience. Managing your own property allows you to maintain track of the process, cut costs, add a personal touch, and have a direct impact on keeping your rental booked all year. However, managing your own properties necessitates doing all of the labor, including establishing an online listing, booking visitors, checking them in, dealing with guest complaints, collecting money, arranging cleaning and maintenance, and managing occupancy taxes.
Hire A Professional Rental Manager
Hiring a professional management business for your real estate rental in the Island of God can assist an owner deal with their initial round of reservations by relieving them of the stress of dealing with visitors, maintenance, and cleaning contractors. You will be relieved from dealing with all of the details of guests, managing booking sites, cleaning services, taxes, and more if you hire a property manager. Hiring a manager is a decent first step for those new to the short-term rental game, and you can always take it on yourself once you’ve learned more about it. A professional manager should be able to provide you with a realistic estimate of nightly rates and predicted bookings for the year soon.
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Advertise Your Bali Vacation Rental by Yourself
Listing your Bali property in vacation rental listing like VRBO, Traveloka, Booking.com, or HomeAway might be beneficial as they showcase your property to worldwide customers. However, you need to take the advertising to your own hand. If you don’t employ a management business, consider developing your own website. Don’t underestimate the power of “Word of Mouth.” To get the maximum attention from your own sphere of influence, tell your friends and share your property on social media.
Undergo A Rennovation
Guests expect a peaceful “resort” experience, and condos that have been improved to this level generate up to 40% more money than those that have not been refurbished. Renovations with granite counters and flat-panel TVs are at the top of renters’ wish lists, and they provide a good return on investment.
Decorate Your Bali Real Estate Rental with Island Style
Visitors should feel as if they are on vacation, but avoid using bright colors or gaudy beach stuff. Be unique without coming out as cliched. Consider a professional opinion to help you set the mood and make the most of your budget by using a uniform color and theme throughout.
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Make A Perfect Online Portrait of Your Rental Property
Your online aesthetic portrayal can make or break your ability to swiftly rent your apartment. If individuals are left with unanswered questions, they may move on to the next profile if it provides a more full picture. Highlight any luxury inside your Bali real estate, from pools to tennis courts. Fill out all of the fundamental information, such as the number of rooms, bathrooms, and bed sizes. Describe the setting, including nearby places to eat and any distinctive features, such as a hammock under a lemon tree. The most crucial element is to supply high-quality images — films and 360-degree property tours are the latest trend.
Hire A Professional Photographer:
The number of reservations you receive will be significantly increased if you have excellent images. No one will read about your property or consider it unless they like what they see at first.
Write A Professional Copy (or Hire Copywriter)
Make your descriptions as vivid as possible. Don’t merely list the dimensions and location of your home. Emphasize what makes your home unique and why it’s the ideal resale property.
Lots of people say that you should work hard to reach success. They also say that the ore hours you work the better the outcome is. However, it is not rue at all. It will end up you being overworked instead because your body has its limit. Not to mention that there is more than just work hard to achieve success you aim for your business.
Nonstop hustle of running a business
Running your own business, you are required to do more because of more load work you need to handle. There are things you need to put in order so that your business will run smoothly. However, overworking and refusing to take breaks is not the best thing to do. In fact, you can take advantage of breaks and boost your productivity even more. So what kind of benefits you get from having breaks from non-stop hustle business?
Help improve your physical and mental health
Growing a business of your own requires you to focus on your goals. However, you may forget that your physical and mental health is more important than your business goals. You won’t be able to achieve those goals if your are not well both mentally and physically. Taking breaks is necessary so you have time to pause, rest, and evaluate. Overworking will only lead to high level of stress which can be harder to overcome the more you pile it up. Also, your body is not meant to work 24 hours.
Enjoy your life more
Running a business based on your passion or desire is beneficial because it makes you less prone to feeling bored or tired easily. However, there is a risk for you to overdo everything because you think it will fulfill your passion. Or, there is a risk that you hide inside stressful project. And it is not how you enjoy your life. Running business may need some sacrifices one in a while. However, it doesn’t mean you have to sacrifice your whole life.
Improve your productivity
You can see the productivity of entrepreneurs who don’t have to sleep at all and those who still able to find time to take breaks properly. You can see that the second ones are more productive because they use breaks to recharge themselves with new energy. Meanwhile, the first ones don’t take advantage of breaks. Do not underestimate the power of short nap or stretching during your hectic day because those will make difference at how you function.
How to commit to those break times?
I can be challenging to commit to break times especially if you are used to overworking. However, it can happen with strong mind and consistency. The first thing you need to do is to make plan of when you can take break. Take control of your schedule and do not let it rule you. Choose the right activities to fill in during those breaks that will bring highest benefits for you. And do not forget to leave all the guild behind.
A popular strategy to generate passive income in Bali is to own a vacation rental property. Of course, this means that you should only keep the property if your investment is paying off. It’s not a good idea to keep it for too long. Something new comes along every now and again, and you simply feel it’s time to move on. Maybe you no longer get any profit from the villas and the expenses is slowly eating up your budget. Especially in times of pandemic like this, when worldwide travel restriction take place. You might feel the need to put your Bali houses for sale and move on to other investment. However, should you sell the property right here and right now or keep it and hope to rake in future market?
Reconsidering the Pandemic Situation Before Putting Your Bali Houses for Sale
While it would be incorrect to state that the coronavirus pandemic is over, great progress has been made in that area. Even if the new Delta variety has caused case numbers to rise recently. In fact, despite the coronavirus crisis, many individuals are getting out and visiting this summer.
However, many vacationers prefer private vacation houses to hotels, which is unsurprising. These homes not only provide greater space and privacy. They can also be a safer option for families with unvaccinated children.
Predicting the Vacation Season for Your Bali Villas Next Year
If you keep your vacation property, on the other hand, you’ll be able to take advantage of the vacation boom once the pandemic is gone. That alone is plenty of a reason not to sell.
Will You See Vacationers Again in Your Area?
No one can foresee how the epidemic will progress. Or what effect it will have on certain locations in the long run. All kinds of unanticipated occurrences have influenced — and will continue to impact — tourist destinations: sickness, natural catastrophes, terrorism, and political upheaval, to name a few. The ability of sites to attract tourists after these catastrophes is largely determined by whether they have the support of the tourism sector.
Considerations Related to the Future of Tourism Potentials
Here are a few things to think about:
- Is your property located in or near a popular tourist destination?
- Does your house located in area with natural beauty—like beach, desert, lake, mountains, etc—which will always attract visitors?
- Is it in an area where there hasn’t been a major outbreak of COVID-19? Do the local authorities and residents work to properly reopen businesses and attractions to avoid further outbreaks?
If your property is in a location where you don’t live, conduct some research about the town and local companies. To get a sense of how optimistic real estate experts and local company owners are about the area’s ability to recover, talk to them.
Reconsidering the Current Shortages of Homes in the Market
There is a general shortage of available homes on the market right now, and this includes vacation residences. Many investors are yearning to add short-term rental space to their portfolios because mortgage rates are near historic lows. As a result, if you sell today, you’re sure to receive a slew of substantial offers especially when your house is appraised as a good property in Bali to invest in. A lot of investors are now looking for Bali houses on the beach for sale. So if you think you have an asset in prime location and ready to make profit now, it’s time to put it in the market.
More Villa and Property Insights:
Would You Want to Turn the House into A Long-Term Rental?
If there is a demand for long-term rental homes in your area, this option could provide you with a more consistent stream of income than selling your property. If you’re thinking about it, make sure you’re up to date on state and local laws governing tenants’ and landlords’ rights and obligations.
Reconsider the Reason You Bought the Property
Was your property simply intended to be used as a short-term holiday rental, or did you have additional plans? Have you thought about utilizing it as a vacation house for yourself, family, and friends? Was it your intention to make it your primary residence after you retired? If you bought the home for more than just a source of vacation rental income, those extra perks may be enough to convince you to keep it.