LAND INVESTMENT TIPS FOR KENYANS LIVING IN DIASPORA AND LOCALLY.

It is our duty to remind you first, why it is important to invest in land in Kenya. Kenya ranks among the top 10 best countries to live in Africa. In a growing population, land is a limited investment, with a high chance of appreciation and returns. Kenya has immense potential in the real estate market, making it a very attractive place for investment for residential, vacation and commercial properties.

Here is a detailed process when looking to invest in Land in Kenya, not only for people living in Diaspora but also for people living in Kenya.

1. Identify the location.

This is one key factor when planning to invest in land. It ultimately depends on your preferences and needs. However, there are some key factors to consider when choosing a location.

1.Popularity.

Just like any other country Kenya has some of the best cities to live in. Nairobi, Kisumu, Mombasa, Eldoret and Nakuru are considered the best places to live in Kenya. They all differ in environment and amenities but generally there are great for both residential and commercial projects.

2. Weather.

The coastal warm weather or the cold and wet highlands to the semi-arid areas, Kenya has a variety of places to offer depending on your tastes and goals. If you are looking to invest in the coastal region we have land available for sale in Diani and Shanzu. Check the details below. Diani1/33 , prime piece of land, suitable location, for more details email: info@afriscapesolutions.com

3. Accessibility.

This is in terms of infrastructure and amenities available. Is the distance to hospitals or recreational centers reasonable? Most towns in Kenya have great roads and airstrips. Internet connection, Water and drainage planning systems are also key factors to consider before investing in a piece of land.

4. Potential for growth and development.

The economic activity of the area is important to consider. Some areas are underdeveloped which might not be ideal for a residential development land. Most towns in Kenya are coming up which a good sign to invest in land before the prices are too high. Such areas include, Kitengela in Kajiado county, Shanzu in Mombasa and Mamboleo in Kisumu.

5. Political stability.

Community relations is significant when choosing land to invest in Kenya. Despite having some chaos in some areas, most towns are generally safe and stable to settle in. Kenya has been ranked among the best countries in East Africa to invest in, proving that it is stable and has potential for growth,

2.Identify a trusted real estate agent.

Investing in land provides a sense of safety and security and with the right guidance with a trusted real estate agent it can be seam less and easy. Some of the key factors to look out for when choosing a real estate agent are:

1.Honesty and Integrity.

A big purchase like land requires one to deal with an honest agent, it is integral and crucial. Through the agent’s reputation and clientele feedback, you can gauge a real estate’s company level of honesty and integrity. Afriscape solutions assures you of trust, the freedom to buy, build and invest.

2.Knowledge, experience and expertise.

It is only fair if you have a reputable company with prior experience and maximum knowledge on the do’s and don’ts in the real estate world. This will ensure trust and efficiency too. Here at Afriscape we have decades of multi-disciplinary experience under one roof.

3.Efficient communication and negotiation skills.

A great real estate agent, listens and provides the services according to the clients’ needs and preferences. Constant and honest communication is key as well as a well negotiated deal on table. Do not hesitate to call or chat us via +254-757-102-130

4. Resourceful and team support.

A real estate agent should have the tools and commitment to help their clients. Information is crucial in real estate investments, one needs all the data possible, well explained settlement procedures as well as a connection of expertise if need be.

At Afriscape we are able to be outstanding from our communication, resourcefulness, and expertise. Our core value is trust and we are here to serve you anytime.

3.Due diligence check list.

As an investor, before getting into a legal binding agreement with a buyer, sufficient due diligence should be done. This process requires a lawyer to help you navigate .

Due diligence is the process of investigating and verifying information pertaining to title of land. It is a process that is crucial before one can embark on purchasing the interested land.

Due diligence is conducted by prospective purchasers to discover the following information:-

1. Location of the land.

Conducting a site visit to ascertain the physical location of the land is crucial. It also presents an opportunity for the purchaser to know the boundaries of the land. is Aside from ascertaining the existence of the parcel of land and understanding its topography, a site visit will rule out the possibility of purchasing land that is considered riparian land as well as land that is within a road reserve.

2. Ownership of the land.

The cornerstone of any land transaction is the title deed. It is important to establish that the title deed is both valid and genuine. In most cases, at this stage a purchaser can request for a copy of title from the seller for purposes of conducting a search over the land. A search will reveal the ownership of the land and will indeed confirm whether or not the seller is the owner of the land. At this point the purchaser will also discover whether the title has been used to secure a loan.

It is important to note that in light of the recent Supreme Court ruling of Dina Management Limited v County Government of Mombasa & 5 Others, a purchaser is required to investigate the root of title and ascertain that there is good root to titleto ensure that the legal and equitable interest in the property is valid. The purchaser therefore has a responsibility to look into the initial transaction and confirm whether the procedure for issuing the title complied with the law. If initial acquisition of a title is deemed unprocedural or unlawful, all subsequent transfers of the title are considered invalid.

3. Land zoning regulations and land use restrictions.

Conducting due diligence will also help the purchaser to understand the zoning regulations and land use restrictions. These restrictions may impact heavily on the purchaser’s intended use of the land.

4. Disputes over the land.

A purchaser before purchasing the land ought to investigate from the court registry records whether the land is subject of any court proceedings. This will reveal to the purchaser whether ownership of the land is currently being challenged in court or whether there is any existing boundary dispute where the land involved.

At Afriscapes solutions we have lawyers on standby who have years of experience and expertise in carrying out thorough due diligence and conveyancing.

4.Make an offer and transfer ownership.

Once you identify a property that meets your investment standards, you then make an offer. The real estate agent of your choice will guide you through the negotiation and terms of sale to finalize on the purchase agreement. After the purchase is finalized, you will need to transfer the ownership of the property to your name. Basically, this includes obtaining a deed for the transfer and registering the property with the Ministry of Land.

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