Buying land in Kenya is a good investment strategy for good returns. The cost of purchasing land will vary from location to location, but the bottom line is with time, the value of every piece of land appreciates in value. As a landowner you not only get financial security but also peace of mind.
Because land is one of the longer term investments that a business can own, it is categorized as a fixed asset on a business’s balance sheet.
Owning land is relatively inexpensive because there are no insurance, utility bills, mortgages, or other costs associated with owning a property to contend with. Even the property taxes on vacant land are low, making land an ideal investment if you don’t want to deal with all of this.
Land ownership can be a great investment as long as you enter the deal with an awareness of all of the risks and pitfalls involved. By conducting careful research, investors can take advantage of low property prices and purchase land that will be worth much more down the road.
The reason rising land prices should worry Kenyans who dream of owning land or hope to build a roof over their heads is that with population growth, land is getting scarcer and demand for it is rising in tandem.
A title deed is the only way that you can tell the rightful owner of the land so if your seller doesn’t provide it, chances are you are getting conned. If the seller provides the title deed, do a search at the ministry of lands to confirm who the real owners are or if the title has any Caveat on it.
A good search should determine whether the title deed exists and whether it is legal (original). It should also ascertain whether the property is privately owned (not public). If you are purchasing the property through a developer or land dealer, then you should equally do thorough research on the company.
The law requires any land transaction to be in writing. It is very advisable to have a lawyer (though not a must).
2 Factors to consider when investing in land.
Land has always been a popular investment opportunity in Kenya. The demand for land in Kenya always increases due to its limited supply and ever-increasing demand.
- Location:
This should be the first item on your list of things to think about. The location of where you’re buying land matters in terms of landscape and government classifications for things like water supply, electricity, roads, hospitals, and other amenities.
2. Legality
The most important element to consider when purchasing land is its legitimacy. Thanks to advances in technology, you may conduct a land search to determine who the true owner is. You may have confidence in negotiating with the individual selling the land when you have this kind of information, and it also develops trust. So, when you’re ready to acquire land, always ask for plot details and conduct a search (which should take no more than 7 days) to ensure ownership before taking possession.
Advantages of Investing in Land
• Land becomes more valuable due to its limited quantity and never-ending demand.
• Land appreciates more quickly than any other type of property.
• No maintenance cost.
Land is a long-term tangible asset that never depreciates and is favorably appreciating over time here in Kenya.
VillaKazi Homes is a gated community for sale in Athi River with pre-designed house plans aimed at providing a uniform and premium ambience while also giving buyers a seamless kickoff to their home ownership journey.
Choose a house typology from the 2 choices of pre-designed house types – Zahara( on the 40ft by 80ft plot) Or Imara(on the 30ft by 80ft plot)
Own a piece of this gated community to immerse yourself in opulent living. Parkview Lukenya along Mombasa Road is a controlled gated community with serviced quarter acre plots for sale in Athi River. Located 4 km from Mombasa Road and 1 km from Daystar University, close to Lukenya Getaway and Motor-cross, Parkview Lukenya is aimed at providing a unique blend of convenience, tranquility, and unbeatable value. Click on the link below for more details-
https://westlands-consult.co.ke/property/land/parkview-lukenya/
GOOGLE PIN: https://goo.gl/maps/qrGXoi75yF6X3h9W9
#VillaKaziHomes #plotsforsale #plotplushouseforsale #athiriver
#westlandsconsultcoke #westlandsavenueconsult #Plotsonsale #plotsforsale #gatedcommunityforsale #gatedcommunityplotsforsale #servicedplotsforsale #landforsale #quarteracreplotsforsale #parkviewlukenya #Landforsaleinkitengela #PlotsforsaleinSyokimau #PlotsforsaleinAthiRiver #LukenyaplotsforSale #SafaricomLukenyaplots #PlotsforsaleinMachakosjunction #PlotsforsaleinSabakiAthi River #PlotsforsaleinGimu #LandforsaleinLukenya #MathataniMuaHillslandforsale #Kataniplotsforsale #safaricomsaccokataniplots #syokimaukataniplotsforsale #syokimaukataniplotsforsale #housesforsalebybanksinkenya #EquityBankKenyapropertiesforsale #cooperativebankhousesforsale #KCBBankhousesforsale #KenyacommercialBankplotsforsale #cooperativebankplotsforsale #equityBankPlotsforsale #KCBBankplotsforsale #FamilyBankPlotsforsale #HousingfinancePlotsforsale #NCBApropertyListing #NCBAmortgagehouses #NCBAhousesforsale #propertiesforsalebybanks #mortgagepropertiesforsalebybanks #MortgagehousesinNairobi #MortgagehousesinSyokimau #Landforsalebybank #SaccohousesforSaleinKenya #StimaSaccohousesforsale #SafaricomSaccohousesforSale #SafaricomplotsforSaleinNairobi #SafaricomSaccoplotsforSale #AMRESACCOplotsforsale #UtumishiSaccoplots #KenyaBankersSaccoplotsforsale #UboraSaccoplotsforsale #HarambeeSaccoplotsforsale #PlotsforsalebysaccosinKenya #Saccolandforsale #Ardhi Saccoplotsforsale #KimisituSaccolandforsale #Saccolandforsale #StimaSaccoplotsforsale #WanandegeSaccoplotsforSale #TownhousesforsaleinKitengela
Plots for sale in Machakos junction
Plots for sale in Sabaki Athi River
Mathatani Mua Hills land for sale
safaricom sacco – katani plots
