Land can be characterized as the ‘raw material’ for every property development. As an investor, you must know what land you want for an upcoming project.
Is it the correct size? The size of the land determines the end goal of your development and therefore you need to decide whether you will purchase an eighth of an Acre or an entire 1 acre or more.
What kind of land is it? Is the land fit for agricultural projects? If you are looking to invest in farming, is the climate and the soil of that particular place favoring the growth of crops, or is it better suited for industrial investments? If it is a residential project you seek, does it connect well with surrounding facilities (public transport, hospitals, schools, etc)?
Buying underdeveloped land is considered significantly cheaper than purchasing one with a usable structure constructed on it. Tap into those opportunities that present a land that is not advanced, from there you can go wild in terms of developing it.
Is it at the right location? We advise clients to buy plots in areas depicting signs of development, places with schools, or shopping centers. You might consider property where neighbors may develop their land through farming, cattle rearing, etc. This attention could guarantee a spike in valuation over time.
“I have always liked real estate; farm land, pasture land, timberland, and city property. I have had experience with all of them. I guess I just naturally like ‘the good Earth,’ the foundation of all our wealth.” - Jesse Jones, entrepreneur.
Buying and owning real estate has been considered one of the best ways to create generational wealth that can be passed down one’s lineage. Nanyuki is one of the places many smart investors are going for due to the vast opportunities the town presents. Acquire that piece of plot today, there is a projection of off-the-chart growth which will make it very expensive to own land in Nanyuki due to future development, taking into consideration the political, social, environmental, and cultural realities of Kenya.
