A Comprehensive Guide to Successful Property Investment in Kenya

Many Kenyans living abroad often look forward to investing back in their home country. While some choose to invest in various businesses, the majority opt for property, including land and houses.

One of the primary reasons for this choice is that property, especially land, requires little to no maintenance once purchased. For houses, the option of renting them out provides a steady source of income every month.

However, before one can enjoy the benefits of property investment, they need to navigate the process successfully. Here are the key considerations for a successful property investment:

1. Trusted Partner

Finding a trustworthy partner, such as a reputable real estate company, is one of the most critical decisions for Kenyans living in the diaspora. Many have fallen victim to fraudulent individuals claiming to be land agents or offering land at unrealistically low prices.

It is highly recommended to purchase property from an incorporated company rather than an individual. These companies should have physical offices, a social media presence, offer site visits, and allow for land searches before completing the purchase.

2. Sale Agreement

Once you've chosen a reliable partner and are satisfied with the property, a sale agreement should be established. This agreement acts as a contract between the real estate company and the buyer in the diaspora, outlining all aspects of the transaction, including the mode of payment.

Some real estate companies offer different payment options to accommodate the client's preferences, including cash, loan facilities, and installment plans.

3. Client Documents

Clients living in the diaspora will need to provide specific documents to complete the transaction. These typically include a copy of their ID, a copy of their PIN certificate, and three passport-size photos, which can be sent via mail. However, document requirements may vary depending on the real estate company chosen.

Once these steps are completed, the sale process is finalized, and the buyer will await the issuance of their title deed once all payments have been made according to the agreed terms between both parties.