WHY LAND IS THE MOST PREFERRED INVESTMENT IN NANYUKI
Land is an additional value asset that generates profit over time. After purchasing land, one can decide to add its value through various activities including building of rentals or houses for sale, doing agriculture-related activities like farming, or even opening a ranch.
WHY DO MOST PEOPLE PREFER TO INVEST IN REAL ESTATE?
Investments done on land has many advantages compared to other types of investments. This is mostly because of the lower risks and high returns associated with it. Some of the major advantages of investing in real estate are listed below
1. APPRECIATION RATE:
An investor can be best advised to always purchase land before people start to settle in that as it is one of the policies in land purchasing. Most of the Kenyan towns before becoming area towns were once remote areas covered with bushes without any buildings. It's investments done by people that have made these places grow into towns.
Due to the high population rising rate, people are opting to go out of the major towns like Nairobi, Nakuru, and others to invest in peaceful and less contaminated environments. This means that by buying land anywhere, with time the place will gain traction and will end up selling the land at a higher price than the one you price that you purchased it.
2. VALUE ADDITION
The land belongs to the value of additional assets, that have the ability to multiply profits over time. After the purchase of land, the owner can decide to add its value by either building houses for sale or renting or practicing agriculture like farming or ranching. This can really guarantee you a profit from the initial price that you bought the land for.
3. LAND IS VERY INEXPENSIVE TO OWN AS A LONG-TERM INVESTMENT.
Nanyuki land. PHOTO NYOTA NJEMA REAL ESTATE LTD
When one purchases land at the right price, there are no utility bills to pay, no mortgage payments to make, the cost of property insurance is nominal and the property taxes are cheap. If you want to save your money somewhere and forget about it, then the land should be exactly the investment vault you are looking for.
Land owning comes with a sense of contentment, predominantly in our African tradition. Having a piece of land in Kenya is considered to have more wealth than any other form of acquired wealth. This means that land is an indication of wealth to mankind in society.
FACTORS TO CONSIDER WHILE INVESTING IN LAND.
The location should always be on your first consideration list when purchasing land. The location involves the proximity to the amenities like hospitals, schools, public transport, and parks. Your investment is likely to yield better returns if the above amenities are considered.
2. LEGAL CONSIDERATIONS
When you buy a block of land, it's vital that you consider all the legal considerations. It is always best to be aware of the land limitations before buying a block of land for the purpose you intend to establish. This will greatly enable you to adjust to your plans to suit your budget.
This is a very crucial consideration when buying a piece of land anywhere in Kenya. By considering the security of the area, you will be able to save yourself from incurring extra costs from petty crime and theft.
4. SURROUNDING AMENITIES AND INFRASTRUCTURE
When purchasing a block of land, you need to find out if the land is accessible to roads, schools, hospitals, water, and many other social amenities.