In Kenya, one cannot talk about investment without the thought of purchasing land crossing your mind. This is majorly because everyone needs a space they can call their own.
The question of investing in land is one we all get to ask ourselves at one point in life and my job here today is very simple, and that is to explain to you why going ahead with that investment, is the best decision you will ever make.
You don’t have to be rich to own land; you can become a land owner by making agreed regular payments.
Land investment, just like any other business comes with its fair share of challenges, but once you get it right, you will look back and pinch yourself for having not bought that piece(s) of land sooner.
Buying Land In Kenya
In Kenya, investing in land is considered one of the few businesses with guaranteed maximum returns because the price is always going up, thanks to the market demand brought about by population increase. People are basically looking for spaces to build homes and expand their businesses and what this means is that your property will always find use, and this will mean you getting paid.
Land requires little to no maintenance at all. The only cost you might incur after the purchase of that piece of land is fencing it to keep intruders off your land. The good thing about this is that you’ll not have to inject any more money into maintaining the land, but here’s the catch; the price will keep appreciating and the longer you keep it, the more you are likely to resell the piece of land if at all that is your plan.
This investment gives you the option of engaging in multiple activities that will all get money into your account. Some of the ways you can do this is; renting out the space for events or parking, practice farming for personal or commercial purposes, or even develop the property for private or commercial use.
You have all these options at your disposal and all you need to do is to just make the right decision which is acquiring that property you have been eyeing.
The beauty of land as an asset is that, while other assets depreciate with time, land rates appreciate with time. How can this not be the best decision for anyone.
READ;
4 Reasons Why the Government Launched Ardhisasa
How Fanaka is making strides in the real estate sector
