𝑪𝑯𝑶𝑶𝑺𝑰𝑵𝑮 𝑳𝑶𝑪𝑨𝑻𝑰𝑶𝑵 𝑾𝑯𝑬𝑵 𝑩𝑼𝒀𝑰𝑵𝑮 𝑳𝑨𝑵𝑫 𝑰𝑵 𝑵𝑨𝑰𝑹𝑶𝑩𝑰: 4 𝑻𝑯𝑰𝑵𝑮𝑺 𝑻𝑶 𝑪𝑶𝑵𝑺𝑰𝑫𝑬𝑹 𝑰𝑵 𝑹𝑬𝑨𝑳 𝑬𝑺𝑻𝑨𝑻𝑬 𝑰𝑵𝑽𝑬𝑺𝑻𝑴𝑬𝑵𝑻

Once you have decided to go ahead with your idea of entering into the real estate investment in Kenya, location is one of vital areas to consider. Normally, there are a number of reasons why it is essential and this ensures that you don’t get into a trap of business. Mostly, for new real estate investors, this article is very essential because as much as real estate investment may be a lucrative investment, it is equally a business that involves profit and losses of not well catered for. Here are some few areas to consider when buying land in Kenya in terms of location.

𝐏𝐫𝐨𝐱𝐢𝐦𝐢𝐭𝐲 𝐭𝐨 𝐬𝐨𝐜𝐢𝐚𝐥 𝐚𝐦𝐞𝐧𝐢𝐭𝐢𝐞𝐬 -whether you are buying land to invest on buildings immediately or not, it is very necessary to consider the social amenities. Lands closer to social amenities like schools, hospitals and recreational facilities tends to be of higher value than those far away from such facilities. As much as the value is higher, you may consider the fact that it will be people occupying the piece of land and may be of need to such facilities. A land that is far away from such facilities may take time to regenerate value or might be harder to even resell it. However, if there is a potential of amenities being built in a certain region, then it is good to purchase such a piece because the value will greatly go higher. For example if aa tertiary institution is to be built in an area and you are sure of it, then it is very advisable for one to purchase a piece of land in such an area because it comes along with amenities such as recreation centers as well as hospitals. The piece of land will automatically fetch a higher value in given duration of time.

𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 -no one wants to live in unsafe places or rather buy a piece of land and in a few months, you find out that someone occupied the piece of land. Once you decide to purchase a piece of land in this real estate business, make sure that it is in a secure place. Insecurity could also rise tribal issues as well aa community values. Before you purchase the piece of land, kindly make sure that such factors won’t cause an issue in future and compromise the security of the area you are purchasing from.

𝐀𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐲 -this ranges from water to roads to different views from the potential piece of land you need to purchase. Depending on the type of real estate investment you want to put up in place, then how accessible to water and road matters. It will be expensive to get water from a far distance to serve maybe tenants when you decide to have apartments in the piece of land you invested on in later years. It will also be important to consider roads because getting to that piece of land maybe hectic if placed in regions where roads are in accessible or unbearable during the rainy seasons. It may take long to recover if the piece of land you are about to buy is inaccessible

𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 - as much as the available amenities matter, the future also matters . You may consider the fact that future developments may be of value to your piece of land. Consider buying a piece of land where there is promising development/growth. A plot worth 1 million today maybe 5 million in a years time if it is a promising piece of land.

Finally, if you need to buy a piece of land around Nairobi as well as its neighboring areas, you can contact us and we will connect you to real estate agents that will help you through the process like our page and leave us a comment in the reply section for any assistance.