Investing in Kenyan Land? Don't Get Caught Off Guard! 5 Must-Ask Questions During Your Site Visit.
So you've found your dream plot of land in Kamulu, Kenya. Congratulations! But before you finalize the purchase, there are crucial steps to take to ensure a smooth and secure transaction. A site visit is a fantastic opportunity to assess the property firsthand, but it's also your chance to gather vital information.
Here at Hao Finder, we want to empower you to make informed decisions. That's why we've compiled the 5 essential questions you should never fail to ask during your Kenyan land site visit. By asking these questions, you'll gain a deeper understanding of the property, potential costs, and avoid any unexpected surprises down the road.
site visit in Kamulu, Kenya
1. Who was the original owner of the land?
This question seeks to establish the history of ownership of the land you want to purchase. You want to make sure that the vendor of the property legally acquired the land they seek to sell or that the land was properly transferred from the previous owner to the current owner. If all the documentation is in order, the chances of you getting into future wrangles are often reduced.
2. Does the land have a title deed?
When attending a site visit, it is true to refer to what they say, “Shamba ni Title.” A title deed is a legal document showing the right owner of the land. You could comfortably obtain this from Ardhi Sasa Land portal Most real estate companies will often buy large chunks of land and subdivide them into small pieces of 50x100 or 40x80, which will then have individual title deeds.
If you are buying property from a real estate company, ask to be shown the individual title deed of the plot that you are interested in.
Go a step further and conduct a land search to help establish whether indeed the vendor is the rightful owner of the land. The title deed should be registered under the company's name.
Image 1; title deed
3. What other charges are included?
Apart from the purchase price, you need to be aware of the charges you might incur when purchasing the land and transferring the documents to your name. These charges include Lawyer or legal fees, stamp duty, capital gains tax, mortgage fees, land search fees, Home owners association (HOA) fees (EState Management fees), Utility fees, among other fees.
Talking to the vendor helps you understand what charges apply where and who is supposed to pay for them.
4. How long should I wait for the title to be processed?
A title deed proves legal ownership of the land. With it, you can use your land as collateral to secure a loan from the bank. Companies issue title deeds differently. Some issue on an individual basis whereas others disburse them out at once after all plots have been sold. With the government, in about 2 weeks one obtains a title deed charged at 5000 Kshs. Get insights from the Ardhi sasa guide: Kenya - Apply for Land Title Deed (Transfer of Ownership".
Read Also:A guide to purchasing modern houses for sale in Nairobi worth 5 million and above
5. What are the zoning regulations in place?
Zoning regulations define how different properties should be used. When looking for residential property, you don't want to end up buying a commercial plot that will cost you more and deny you the comforts enjoyed in a residential setup.
You need to ask the vendor if there are any construction and zoning regulations. This will ensure you get the best deal and that the property purchased actually matches your plan.
Summary
These Questions will give you a great indepth look at the Land or Property you are about to buy.
At Hao Finder Group we save clients from making big mistakes and losing lots of money throughout their Land Investing Journey by linking clients to Guaranteed Property Leads. We are sure to ask these questions so that you can safely purchase land without regret.
Let us help you Find Verified Property or Land for Purchase in Kenya.