Buying plot is a reliable and profitable form of investment in real estate. However, you may face some challenges and hurdles in the process of acquisition. We encourage you to double – check all the paperwork, ensure the Title Deed is ‘clear’ , and location is favorable to your needs before finalizing on the purchase.
Below are some of challenges you will encounter when purchasing your plot.
- Finding the Right Plot(s). Scout for the plot that suits your taste and preferences. Match what you see with your investment need.
- Financing
Plot Investment is capital intensive, therefore ensure you invest in a plots that are tailor – made to match your financial abilities. - Access to Amenities
Make sure the plot you are buying has access to all utilities such as water, shopping centers and electricity. - Understanding the Buying Processes.
Plot buying process is a tedious process, and it’s systematic. Never skip the processes. - Clear Land Title
Title Deed is one of the most important document in plot purchase process. However, ensure it is free from all liens and incumbrances. Carry out proper due diligence. - Understanding Land Use and Purpose.
Know the use of the plot you are buying, either agricultural, residential or commercial. - Negotiation Skills
Land buying involves alot of negotiations, ensure you have right skills and time to get the best deals. Know the value of the plots in that area. - Ensure Complete Documentations.
Use an advocate to help you understand the documents and paperwork used in plot purchase transactions.
Above are challenges you anticipate when buying plots in Kenya, therefore prepare for them and you will have a hassle – free plot buying journey.
