Balikpapan

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Rental Properties

Sections

Rental Properties in Balikpapan, Indonesia

1. Categories of Housing

  • Apartments: Common in urban areas, ranging from studio to multi-bedroom units. Often found in high-rise buildings with amenities.
  • Houses: Available in various styles, including single-family homes and townhouses. Typically located in residential neighborhoods.
  • Serviced Apartments: Furnished units with hotel-like services, ideal for short to medium-term stays.
  • Shared Accommodation: Renting a room in a house or apartment, popular among expatriates and students.

2. Typical Rental Costs

  • Apartments:
    • Studio: IDR 3,000,000 - IDR 5,000,000 per month
    • 1-bedroom: IDR 5,000,000 - IDR 8,000,000 per month
    • 2-bedroom: IDR 8,000,000 - IDR 12,000,000 per month
  • Houses:
    • 2-bedroom: IDR 7,000,000 - IDR 15,000,000 per month
    • 3-bedroom: IDR 10,000,000 - IDR 20,000,000 per month
  • Serviced Apartments: IDR 10,000,000 - IDR 25,000,000 per month, depending on services and location.

3. Procedures for Renting a Property

  • Research: Use local real estate websites, social media groups, or local agents to find listings.
  • Viewing: Schedule property viewings. Inspect the condition, amenities, and neighborhood.
  • Documentation: Prepare necessary documents, including:
    • Copy of your ID or passport
    • Proof of income or employment
    • References (if required)
  • Lease Agreement: Review the lease terms carefully. Standard leases are typically for one year.
  • Deposit: Expect to pay a security deposit (usually one monthโ€™s rent) and the first monthโ€™s rent upfront.
  • Utilities: Clarify which utilities are included in the rent (water, electricity, internet).

4. Local Considerations and Tips

  • Cultural Norms: Respect local customs and practices. Building rapport with landlords can be beneficial.
  • Language: Bahasa Indonesia is the official language. Basic knowledge can help in negotiations and daily interactions.
  • Neighborhoods: Research neighborhoods for safety, amenities, and proximity to work or schools. Popular areas include Balikpapan Baru and Gunung Malang.
  • Transportation: Consider proximity to public transport or main roads, as traffic can be congested.
  • Local Amenities: Familiarize yourself with nearby markets, grocery stores, and healthcare facilities.
  • Expat Community: Engage with local expat groups for support and advice on living in Balikpapan.

5. Additional Insights

  • Market Fluctuations: Rental prices can vary based on demand, especially during peak seasons or economic changes.
  • Negotiation: Itโ€™s common to negotiate rental prices or terms, especially for longer leases.
  • Legal Aspects: Ensure the lease complies with local laws. Consider consulting a local lawyer if unsure.

Understanding these aspects will help you navigate the rental market in Balikpapan effectively.