1. Is it good to invest in land?
Depending on your needs and budget you have, land can be a good start because of its long term value appreciate.
2. Does land ever lose value?
Land value always appreciates. Land value doubles over a period of four to five years.
3. Do I need a lawyer when investing in land?
Yes, lawyer will scrutinize documents and represent your interests in the transaction process.
4. What are disadvantages of buying land?
Banks provide loans for buying land if you have plans to construct on it. It’s also difficult to encash it quickly.
5. What are the advantages of buying land?
Land has limited supply and never ending demand. Land has no maintenance cost and there are no gaps between purchase and possession.
6. Why should I carry out land search before investing?
This is to check if the land is clear from all incumbrances and it’s marketable.
7. One secret I need to know before buying land?
Always be keen to details, don’t rush through Investment process. Know if the Title Deed is clean and the seller has legal rights to transfer ownership to you. Always engage the village drunkard, he may help you with information no one can tell you to make informed decisions.
However, never fear to invest, there are genuine land selling companies in Kenya like Alpha Shine Real Estate Ltd who have a proven track record of delivery and a culture of trust.
