The land is the most preferred investment in Kenya, but most people don’t understand why.
Well, In this article, we explore the advantages of investing in land and why it is the most preferred kind of investment in our country so far:
Why do most people prefer to invest in Real Estate?
Investing in land has many advantages as compared to other forms of investment. This mostly is due to lower risks and high returns associated with it. Below are some of the major advantages of investing in land.
The one policy in land purchase is that you should always invest before people start settling in an area.
For the longest time now, we can attest to the growth rate, of new towns and settlement areas whereby years back the places were all bushy with no signs of development.
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Out of the high population rising rate, people are opting to go beyond and out of the major towns like Nairobi to invest in a peaceful and less contaminated environment. Meaning if you buy a piece of land anywhere with time the place will gain traction and you will end up selling the land at a higher price.
The land is very Inexpensive to Own as a Long-Term Investment.
When you buy a piece of land for the right price, there are no mortgage payments to make, no utility bills to pay, the cost of property insurance is nominal (if you have it at all) and property taxes are extremely cheap. If you want to park your cash somewhere and forget about it, land should be exactly the investment vehicle you’re looking for.
land also falls under value addition assets, that can multiply profits overtime. After buying land you can decide to add its value by either farming, opening a ranch or even building rentals or houses for sale. This is guaranteed added profit from the initial price that you bought the land for.
Owning land comes with a sense of fulfillment, especially in our African tradition. It is more of a success to have a piece of land than other forms of acquired wealth.
It’s a deal you can make virtually
Technology has brought convenience and with the reforms in the lands ministry, it is very possible to search the details of the land you are interested in online, book a plot, make payments and submit your documents for land transfer facilitation.
You always don’t need to be physically present during the transactions rather you can only attend site visits and open days to get a feel of what you have invested in and get to know the exact physical location and as well confirm whether the value adds are already in position.
Factors To Consider While Investing In Land.
This should be a first in your consideration list, The location of where you are buying land matters in the form of landscape and government designations for things like(roads, hospitals, and other amenities).
SEE ALSO: PROCESS OF BUYING LAND IN KENYA
The main factor to consider when buying land is how legit it is, thanks to the technology for the systems put up in our lands offices, whereby you can do a land search to know who the real owner is. With such kind of information, you have confidence in transacting with the person selling the land and it also builds on trust. So once you are ready to buy land always ask for the plot details and do a search which takes a maximum of 7days, and be sure of ownership before possession.
In conclusion, Land is a long term tangible asset that does not wear out. Start your journey of owning a plot with us today, check out our latest projects.