Tips for Doing Land Business in Labuan Bajo to Get Big Money

BALI – Buying and selling land can be a very profitable and rewarding business. Land as an investment tool is proven to have multiple advantages compared to other investments, because the increasingly limited land is inversely proportional to the demand.

Investing in vacant land is one of the smartest solutions to earn a sizable amount of income. The reason is, you don’t need to pay for maintenance but money continues to flow into your savings every month.

In addition, land prices tend to increase every time. So, if at any time there is a tempting offer, you can immediately sell it. This is also the case in Labuan Bajo as a Super Priority Tourism Destination city that is aggressively building its facilities and infrastructure.

The growth of the property business in Labuan Bajo lately has continued to increase and has made land slowly scarce where the demand for land continues to increase while the supply is decreasing.

For those of you who prefer long-term investments, you can look at potential investments in the property sector, namely buying vacant land. Then what are the ins and outs of investing in vacant land in Labuan Bajo? Come on, check out the reviews below!

1. Adjust Budget
Land prices are adjusted to the location, so the more strategic the location, the more money you have to spend. If your budget is limited, there’s no need to be sad. You can still invest in vacant land. Because sometimes developers look at less popular locations.

The area around Labuan Bajo, which used to be a mountain and forest area with relatively cheap land prices, is now transformed into a very beautiful recreation and entertainment venue. So a limited budget is not an obstacle to plunge into this type of investment.

2. Make sure Land Legality is Secure
If you have found a location for vacant land investment, next is to make sure the legality of the land you want to choose is safe. So, the vacant land you buy must be legal, free, clean and clear.

Free means free from disputes. The legality of the land ownership must be proven through an official certificate in the name of the owner. You can ask the local notary to check the legality of the land.

While clean is the land you buy is not being used for other activities. And clear means that the size of the land is right, as stated on the certificate, and the boundaries match.

3. Check the Completeness of Documents Carefully
After ensuring the legality of the land is safe, you must also check the completeness of the documents carefully. The point is, don’t let the land you are going to buy be involved in a dispute with another party.

In addition, it is also important for you to check the status of the land, starting from the Building Rights Title (HGB) and also the Business Rights Title (HGU) of the land is still valid. Even if necessary, use the services of a notary or check directly at the local village.

4. Secure Your Vacant Land
If you have bought a plot of land but have not developed it directly due to insufficient funds, or are thinking about what to use it for. You should immediately secure your empty land. This means that you can provide a fence or anything else to demarcate it and let people know that the vacant land is yours.

This aims to anticipate irresponsible parties who want to use your empty land. Because of course it can be troublesome and detrimental to you in the future.

5. Utilize Empty Land to Make Money
While waiting for your empty land to soar in price in the next few years, you can utilize empty land into something that can make money. Such as creating a parking lot, living pharmacy, or fish farming can increase your income every day even though it’s not so much. After a few years, not only will you be able to collect money from the utilization of your vacant land, but you can also sell it when the price of land has risen.

6. Empty Land Minimizes Maintenance
Unlike other property investments such as houses or boarding houses, vacant land does not require regular maintenance. You only need to keep the land clean and free from plants or irresponsible people. The lack of maintenance makes the maintenance costs low so that the benefits you will get will be more.

Those are the six simple but very important things you must do if you want to get big money thanks to vacant land investment. What are you waiting for, let’s increase your wealth coffers by plunging into this one investment.

(Editorial)

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