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5 Things to Consider Before Buying Land in Kenya

 

Land ownership is a great form of investment in Kenya today. This is largely because land is a finite resource.

For you to legally own land in Kenya, there are various steps that you need to follow – which culminate in the acquisition of a title deed – issued by the Ministry of Lands.

The type of land you buy, and the intended purpose will determine whether you will get value for money or not.


We take you through 5 main things that, as a land buyer, you need to consider before reaching a final decision to buy land.

1.      Investment goal

From the word go, you need to have a clear investment goal. Know why you are buying that piece of land – it will be a guide in decision making.

-          If you want to accumulate assets – look for land in areas that you will be comfortable to settle in, in future.

-          If growing your savings is your goal – look for land that is not in a well-planned area.

-          If you want to have passive income – buy land in a populated place (where you can set up rental and/or commercial buildings).

-          For a long-term investment – buy land that you’re not in a hurry to use.

2.      Cost

Before beginning the journey to look for land to buy, make a decision of how much you want to use on that investment. This will greatly inform you on where you can buy that piece of land because the cost of land in an urban area is different from the same piece of land in rural areas.


Always settle for a piece of land that will not put too much pressure on your finances.

3.      Utility services

The piece of land you purchase will in one way or another need to have utilities ready around the area – depending on the end goal for buying that particular land.

Basic utilities are usually things like water, sewerage and electricity – these are things that play a key role in the development and value appreciation of the land.

4.      Duration of ownership

Always ask yourself, how long do you want to hold that land? If you want to grow your savings – buy land in an area that will be attractive to buyers in the future when you plan to exit.

The point here is that you’re likely to get higher returns and quicker exit if you buy land near a proposed development project like bypass, or hospital.

5.      Physical site visit

Always insist on seeing the piece of land you want to buy – this enables you to get familiar with the area.

Visiting a site also assures you that you’re buying land that exists – protects you from falling prey to conmen/women who sell ‘air’ – that’s a non-existent land.

Find Property in Uasin Gishu County
Baoriat Agencies

Call: +254 721-554-937

Baoriat Agencies is committed to helping you find the best place for you to settle in Eldoret town. We walk you through the entire process of acquiring your own property in Eldoret until it has been transferred into your hands.

To learn more about buying a property in Eldoret, 

Call 0721-554937

WhatsApp  https://wa.me/0721-554937  

Email evekibet@gmail.com or 

Visit us at  Juma Hajee Building room number 16, Eldoret town 

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