Buying land is a delicate affair, and as a first-time buyer, this process can be a nightmare. How do you make sure you get a prime property that will save you from last-minute surprises? What should you look for before writing the cheque?
Here’s a quick overview of the factors you should consider before buying land in Kenya.
The location of the land determines its value, surrounding amenities, and its developmental outlook. A piece of land in an area with high growth potential may cost more, but you may have to compromise on security or putting it to commercial use if you buy in an undeveloped location.
Is the piece of land within your budget? Will it give you the most value for your money? Most importantly, does the land-seller have flexible payment options? You shouldn't have to break the bank just to own a piece of land.
Go for a seller that will offer you competitive prices & payment terms that won't put too much pressure on your finances. Astoria Properties provide their clients with a 12 month payment period (interest-free), and you only have to pay a 30% down payment.
Find out whether the property is easily accessible via road and how close the nearest amenities are. Ask about the electricity, water & sewer lines and look at the quality of the nearby schools, worship centers, and hospitals.
The infrastructure and the surrounding amenities highly contribute to the growth of the area and enhance convenience.
There is a new game-changer in the real estate market: flooding.
If you view a property during the dry season, find out how the area is when it rains. Pay close attention to the roads and the accessibility of your property during the rainy season as this will save you a lot of heartache in the future.
If you plan on commercializing the property, you should get a piece of land in a prime location and surrounding businesses and amenities. For residential property, however, a quiet place within reasonable distance from the amenities would be best.
Always buy your land from an authentic real estate company.
Ensure the land-seller is registered and, independently, review at their track record. Do they have verified buyers? How are their online reviews? It is always easier to authenticate a company than an individual, and you also get a variety of properties to choose from; which is a big bonus.
A little research into your desired piece of land will go a long way in ensuring you buy genuine property. To confirm land ownership, conduct a search at the ministry of lands at the county level.
This will also help you find out whether there are issues connected to the land.
