KENYA REAL ESTATE - A MUST KNOW

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HOW YOU CAN GROW YOUR WEALTH WITHOUT STRESS IN REAL ESTATE

Real estate Investment in Kenya has been seen as one of the most profitable investment Options for many local investors. Despite the Real Estate investment in Kenya Being the surest investment options for the majority, it has it owns Cons. Here are some info of what you need to know before you make that lifetime investment decision




1) Just Buy Now Not Tomorrow!! (Stop Procrastinating)
Do whatever you can now to buy now that Prime property for sale in Kenya. It has been evident that properties appreciate very fast in Kenya, in a way that if you decide to save money and wait for some time, you might not afford it any more.


Look for what you can afford now and don’t let the figures scare you. Securing a loan from a Sacco is a good starting point.  Look for properties that are affordable from companies that have such offers. If you get lump sums from per diems, bonuses, overtime – these are all perfect funds that you can use for the deposit and buy that prime plots for sale in Kenya.

2) Do a research about the area you are buying
If in 2010 three people bought three different pieces of land – one in Kitengela, one along Thika Road and another in Mombasa, if they were all to dispose those properties right now, the values  definitely would be very different.

Someone who does research easily gains. You need to evaluate why you need to invest in that location. Check what is coming up in that location and its relative distance from key urban establishments.
 If it is near the Standard Gauge Railway (SGR) for example, it has to be near a station. Before committing any of your lifetime savings, do proper due diligence.



3) Always Be Informed about the Upcoming Developments of the area
 Normally there is a map that is easily available and that you can also get online, which shows you all the roads in Nairobi, the ones that are to be built and upcoming bypasses. Get access to government plans and those of other agencies that are involved in Vision 2030.  

Those plans will actually tell you exactly where the railways are coming, where the highways will be constructed, where roads will be expanded, where bypasses will be built and where universities will come up. So you can always tell what the government is planning in terms of road development.
Most legit Real estate investment companies in Kenya do all that research for their properties in addition to finding which roads will be taking priority, this is also an option you can use.




4) Let the terrain of the area you are buying Be Well Studied & Understood
 I have seen people buying rocks and hills. In Real estate investment in Kenya, there are people who sell bushes, land in the middle of nowhere with no access. Always ensure that you view the property first to avoid such issues.
 That way, you see the terrain, the type of soil that is there and check whether the land is accessible. You will also tell whether there is access to water and electricity and what other value that piece of land offers.


5) Consider the pricing of the real estate investment property
Most players in the real estate investment sector, they do normally overprice their property for no good reason. As a real estate investor in Kenya, you can decide to just use the services of a valuer, but you do not have to do this because basic research can help you.
If you specifically want to know the value of property in a certain area, use the internet for more information about the prime property for sale in Kenya.
Do basic research so that you do not buy overpriced property. It can easily save you Sh100, 000. Conversely, be wary of someone offering you property that is seriously cheap compared to the properties in that area.


6) Always Engage with Legit & Certified Real Estate Company

eg. Optiven Group ( www.optiven.co.ke) 

In 2017 there were over 7,000 cases of fraud, according to the Kenya National Bureau of Statistics, so it is very easy to fall prey to con men.
Please do a lot of due diligence to prevent this.
The other trustworthy option, which is easier, is to just deal with established and registered real estate company in Kenya, which are known to conduct thorough research by default. In addition, any risk fall on them, not on you.
Always avoid agents and brokers. Actually most of real estate Investment in Kenya Agents and Brokers cannot be trusted, because they either have not done their own research.
A Legit Real Estate Investment in Kenya calls for a basic search on the property and the seller and always has a credible lawyer who will ensure that you are safe.


7) Always View the Property before Buying
Before you make a real estate investment in Kenya. It is very important to go and see the land you are buying. It doesn’t matter whether it is a company doing the buying for you, make sure just before appending your signature to any agreements you already what it is that you are looking into acquiring in the long run.  



If you are in the diaspora always use a trusted contact person in Kenya to view the property for you.


For more info on investment opportunities available in Kenya

Contact
James Ploti
Cell/ Whatsapp: +254 708 459 336

Email: fahari@optiven.co.ke

Personal Email: orbitechglobal@gmail.com

Website: www.optiven.co.ke





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