Buying a piece of land to build your dream home is a dream come true for many people. But, is there a right age or time to do it? The answer is no. The moment you feel ready and have the means to do it, is the right time.
Land investment is one of the most popular forms of investment due to the increasing demand for personal space. This is especially true for Kenyans as they grow into adulthood.
You don't have to be wealthy to own land. In this guide, we'll show you how to make your dream a reality with a budget of KES 50,000.
Installments:
Once you have found the land you want to buy and know the price, you can make a deposit to the selling company or individual. This is one of the easiest ways to own land. After the deposit, you can pay the remaining amount in installments over a period agreed upon with the seller.
Join a Sacco:
Joining a Sacco is another option to consider if you want to own land without owing the seller. Sacco's offer loans up to three times one's savings. For example, if the land you want to purchase costs Ksh 1 million, you will need to save up to Ksh 300,000. This means saving 50K for at least six months to achieve your goal.
Saving:
Saving is another option to help you buy land, but it may take longer to reach your target amount.
9 Tips for Investing in Land for Profit and Growth
Whether you're starting with Ksh 50,000 or more, these tips will help you get started on your land investment journey in Kenya. From exploring the best property developers, registered real estate agents, and property management companies in Nairobi, to finding the perfect location for investment and rental opportunities, we've got you covered.
Explore the current prices of 50 by 100-foot plots in popular areas like Kitengela, Athi River, Juja, Kasarani, Imara Daima, and more. Learn about the latest trends in property investment destinations, the best places to rent in Nairobi, and how to take advantage of off-plan housing projects and cheap mortgages in Kenya.
With this guide, you'll have all the information you need to make the best investment decisions for your future and find the right home for you and your family.