Are you looking for a piece of land to build your dream home, start a business, or invest in the future? If so, you might be interested in buying vacant plots of land in Kenya.
However, before you make any purchase, there are some important things you need to know and do to avoid pitfalls and scams.
Here are some of the do’s and don’ts of buying vacant plots of land in Kenya.
The Do’s of Buying a Plot of Land in Kenya
Conduct due diligence on the land
This means verifying the ownership, size, location, boundaries, zoning, encumbrances, and history of the land. You can do this by checking the title deed, survey map, mutation form, rates clearance certificate, and other relevant documents. You can also visit the land registry, county offices, and the site itself to confirm the information. Land due diligence will help you avoid buying fake, disputed, or overpriced land.
Hire a professional to help you with the process
Buying land can be a complex and tedious process that requires legal, technical, and financial expertise. You might need to hire a lawyer, surveyor, valuer, or agent to assist you with different aspects of the transaction. For example, a lawyer can help you draft and review the sale agreement, conduct a title search, and facilitate the transfer of ownership. A surveyor can help you measure and mark the boundaries of the land. A valuer can help you determine the fair market value of the land. An agent can help you find and negotiate for suitable land.
Consider your needs and goals when buying land.
Different types of land have different uses, benefits, and challenges. You should buy land that suits your purpose and budget. For example, if you want to build a residential home, you should buy land that is zoned for residential use, that has access to basic amenities such as water, electricity, roads, and security, and that is in a desirable location. If you want to start a business, you should buy land that is zoned for commercial or industrial use, that has good visibility and accessibility, and that has potential for growth.
The Don’ts of Buying a Plot of Land in Kenya
Buy land from unscrupulous sellers or brokers
There are many fraudsters and con artists who prey on unsuspecting buyers of land in Kenya. They might sell you land that does not belong to them, that has multiple owners, that is already sold to someone else, or that does not exist at all. They might also inflate the price, forge documents, or disappear with your money. To avoid falling victim to such scams, you should always verify the identity and credibility of the seller or broker. You should also avoid paying cash or making payments to third parties. Always use reputable real estate company, with outstanding reviews from actually customers.
Pay for the land without a written agreement
A verbal agreement is not enough when it comes to buying land. You need to have a written sale agreement that spells out the terms and conditions of the transaction, such as the price, payment method, transfer process, and timelines. The agreement should also include the details of the seller, buyer, and witnesses. The agreement should be signed by both parties and stamped by a lawyer.
Buy land without planning for the future
Buying land is a long-term investment that requires foresight and vision. You should not buy land based on impulse or emotion. You should consider how the land will serve you in the future, how it will appreciate in value, how it will be affected by environmental and social factors, and how it will fit into your overall financial plan.
One of the best ways to buy vacant plots of land in Kenya is to buy from reputable developers who offer quality products and services at affordable prices. One such developer is Username Properties Limited, which is one of the leading real estate companies in Kenya.
Username Investment has a variety of vacant plots of land for sale in different parts of Kenya, such as Nairobi, Nakuru, Ngong, Machakos, and Kisumu, among others. The plots are ideal for residential or commercial use, as they are located in prime areas with high growth potential.
A good example is The Domain Kisumu Dala, which is one of the real estate properties for sale in Kisumu. It is located in Kisumu City along Kisumu-Busia Road near Kiboswa Market Centre. The project offers 1/8 acre plots for sale at affordable prices. These plots come with ready title deeds; water; electricity; graded access roads; perimeter fence; and estate gates among other amenities.
If you are interested in buying vacant plots of land in Kenya, you should consider The Domain or any other project from Username’s portfolio.
