Land investment is a decision that you carefully consider. This takes time and requires you to consider a number of factors.
In Kenya, land ownership has been associated with fraud and conmanship. This is why you need to follow the legal steps of buying land so that your investment is secure. One of the key steps that we will discuss today is viewing land before buying.
Most land selling companies, organize days to allow potential owners to view the land and buy it. Today we will break down some key reasons why you should view any land for sale before committing to buy.
You physically see the land yourself
The beauty of physically visiting a project is that you experience first-hand information and absorb everything the physicality brings along the soil texture and the exact physical location of your future land. This also gives you an opportunity to view the plots the beacons.
The value additions done to the projects are also visible such as the fence, gate, water, road networks and electricity connection. A potential investor gets the chance to see the availability of the value adds and they have not been actualized you must ensure you see some progress in the promises.
Plans to conduct value adds in the project should be visible. A genuine real estate company will ultimately organize open days for all their projects.
Meet and interact with the land seller
Any potential investor must have questions behind their mind regarding the projects. An open day is an opportune time for you to raise any concern and ask for clarifications from the Investment Companies representative.
Feel free to ask and get directed on the potential investment opportunities in the project you wish to invest in. Make use of the open day and build a relationship with the company’s representatives.
Meet and interact with other buyers
An open day is a great opportunity to meet with clients who have done business with the company previously. Feel free to ask them of their previous experience.
Their experience must have been good if they made time to attend yet another Open Day with the same Investment Company. You also share a piece of your mind with potential investors just like you. You might be shocked the plots are sold out at your sight.
This means you should always attend open days when fully prepared to invest. At the end of it all you will discover it was a worthwhile course to attend the Open Day.
You will explore the surrounding area yourself
Investment companies make prior promises on the possibility of infrastructural development closer to the project. An open day is a perfect chance for you to get the finest details possible regarding the upcoming projects.
Get to know how your investment will be close to the road and other major developments.
Learn the real deal
An open day opens your mind to future investment opportunities. The relationships made and the information gathered is enough resource on the deal ahead.
You will have an opportunity to ask key questions when viewing land
When viewing this property, take time and ask key questions about the land you would like to buy. Below is a guideline on some of the questions you can ask during a site visit
Which utilities will be provided?
This is question is critical when you are buying vacant land. It is important to note that vacant land does not have some utilities such as water, fence, roads, etc. However, some land sellers add these utilities. During the site visit ask whether they will provide utilities such as water, electricity, grade roads, and provide housing plans.
In case they will not provide always ask where you will find such utilities including schools, markets, religious facilities, etc because you need them whether you are developing land immediately or after some time.
Does this property have zoning regulations?
There are various zoning regulations across the country. Some by the National Government and others by respective County Governments. This will help you to know whether some of these laws and regulations affect how you will
utilize your land.
In some properties, you cannot construct high-rise buildings while in others you cannot engage in agricultural activities. To easily know the zoning regulations of a property, visit your local land office and get to know the physical land-use plan in your area.
