by SIC
August 12, 2022
Buying Land
11 Mins

Factors to consider when buying land

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Owning land is one investment that many people are after as it is one of the most assured sources of wealth in Kenya. It is no wonder that most people are looking to have a title with their name on it as it is a way of generating wealth and security. With land, you can either buy to build a home, have a commercial development or even for farming.

While some inherit land from family, many people resort to buying land. While land for purchase is readily available in most parts of the country, buying legitimate land is still proving a difficult affair especially if you are purchasing it on your own.

Here are some of the important factors that one must put into consideration to ensure you are acquiring legitimate land;

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Check the location of the land

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Location is an important aspect to consider when buying land. If you are buying land for farming, then you would consider the soil type of the area, whether the area is an arid location, and if at all there is a water source. If buying land for construction, then you will consider if the location is ideal for construction. For example, is the area on riparian land? Depending on what you want to do with it, you may also consider whether there are amenities around such as hospitals, schools or even basic infrastructure like roads. Good roads network, sewerage systems and water availability are very important factors to consider before settling on a location. At Safaricom Investment Co-operative, all our properties have considered the location and amenities around to bring value and high returns on investments to our clients. Take for example Marina Gardens, it can be easily accessed using Thika Super highway or Kiambu road, as it is only 15 mins away from Thika Road Mall, and has many schools and hospitals around. Investing in land in such a location guarantees maximum returns on investment.

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Carry out due diligence

Due diligence before purchasing land is very important as it ensures the buyer is protected against pre-existing claims over the property. When carrying out due diligence before purchasing land, you will verify the owner of the property using the original title deed. There are instances where a forged title deed has been presented to a buyer and this results in court cases. Fortunately, The Ministry of Lands has made great strides to digitize land records, making it easy to search for the original owner of the land before purchasing the land. Due diligence also involves talking to the neighbours of the land you are interested in. They might have insights into the land such as existing court battles or family wrangles. You also get to know your neighbours before purchasing the land.

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Financing of the land

While owning land is desirable, financing the land can sometimes be a challenge. It is important to look at the payment options offered before purchasing land. There are some developers that will allow for flexible payments and some who will go an extra mile to get into partnerships with financiers such as banks or SACCOs to help clients with their financial needs in acquiring the property. Settle on a property that is within your budget or whose payment terms you can meet.

Co-operatives such as Safaricom Investment Co-operative and other land-selling companies have made it very easy for investors to buy land. This is because we have invested heavily in all the processes by ensuring that all the steps mentioned above are adhered to. We buy large tracts of land and subdivide them to sell at affordable prices complete with a ready title deed. In addition, we have invested in amenities such as water connectivity, security, roads and sewerage making their projects construction ready. This takes away all the hassle from you as the purchaser.

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Do a physical site visit to property

Once you have identified the desired location and carried out due diligence, it is important to do a physical site visit to the property to identify and demarcate your boundaries. This visit is an opportunity to meet the seller, and help you confirm that the land is as advertised, have a look at the map of the area and identify where your land is or will be, by marking the beacons.

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Check local by-laws

Every location has laws on what land can be used for. In some places, the by-laws prohibit construction, and in some areas, the land is demarcated as agricultural land while others are community land.

Every county’s land office has these records that will help you make the right decision considering what you want to do with the land. For example, you might buy land for commercial purposes yet the zoning regulations do not allow commercial developments. It is therefore very important to check the by-laws and align with what you want to do with the land before you purchase.

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If your desire is to be a land owner, get in touch with us today via 0729-121212 and we can advise you on the available land available for sale and even provide access to finance from our list of financial partners that will make your dream of owning land a reality.

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All our properties have considered the location and amenities around to bring value and high returns on investments to our clients.

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