Before purchasing any land in Kenya, the first and foremost thing that you need to know are all the factors to consider when investing in land. This is because your land is one of the most expensive things that you will ever purchase in your life. In addition to this, you would also not want to invest your money on something that is not worth the amount that you have invested. The best way to avoid any kind of complications is to do proper research about the place where you are investing your money. The following are some of the factors to consider when investing in land in Kenya.
The most important factor that you should consider is the price per square meter. The rates vary depending on the type of land that you wish to invest in. The climatic conditions of the place are another important factor that affects the price of the land. If the terrain is not suitable for farming, it will definitely cost more for you to buy that land. This is because you would have to pay for the necessary equipment to harvest crops and the wages of the people who work on it.
The next factor that you need to consider before investing in land is the size of the land that you are planning to invest in. As a starter, it is advisable for beginners to invest in something small so that they do not risk losing all of their capital in just a few months. However, if you have sufficient capital, it is advisable to invest in big pieces of land. There are a lot of investors who have been able to make a killing by investing in huge chunks of land. This is one of the most important factors to consider before investing in land.
The third and last most important factor are the infrastructure of the land that you wish to invest in. When you are investing in land, it is very important that you build something that will generate revenue for you. So, you need to be very careful when selecting the fields that you want to invest in. Always choose those fields that will produce crops regularly. As such, you will be able to ensure that your land generates profits from crops. This is one of the reasons why investing in large parcels of land has always been a good idea.
The fourth factor to consider when investing in land is related to the demographics of the land. You must make sure that you do not invest in a particular area where there are a lot of illegal immigrants. Illegal immigrants often steal or sell water or other natural resources which can become a big problem for the community in which the lands are located. In addition to this, you should also be concerned about the people living in the particular community. Be careful about the local laws regarding property rentals and land ownership.
The fifth and final important factor to consider is the proximity to resources. If you want to invest in a piece of land and it is very far away from a natural resource then it is not advisable to invest in that particular piece of land. You should instead look for a piece of land that is closer to resources. This way, you will be able to earn more profit from your investment. You should only invest where the distance to resources is less than a hundred kilometers.
The above mentioned five factors to consider when investing in land are all necessary. However, there are still some other factors that are very important in land investment. One of the most important factors to consider when investing in land is the legal laws in the place of investment. Check with the local authorities about the regulations related to land ownership and invest where they are permitted. You should also make sure that the laws regarding natural resources do not conflict with the ones related to the property you want to invest in.
Apart from the factors listed above, there are many other factors to consider when investing in land. One of the best ways to invest in land is through buying plots of land property. You can even purchase multiple properties once you have started to develop your land. Keep in mind that multiple properties will increase the amount of money that you will earn. However, make sure that the plot of land you invest is large enough to accommodate your future plans for development of your land.