Are you desiring to own land this year? Here’s how to own land in a hustle free way

Are you desiring to own land this year? Here’s how to own land in a hustle free way

  It is the desire of each and every person to own property in a strategic place either for commercial or residential purposes. However, the prices of property have gone up in the recent past and the incomes of many Kenyans has remained low. How then do you own a prime land with a low income? Below are 3 tips that will help you own land in Kenya in a hustle free way.

Join hands with friends or colleagues and form a Chama

A Chama is an easier way to pool resources gradually. They also help you cultivate the culture of saving. The small contributions you make will pool enough resources such that you can buy a property together with much ease. For example, if you form a Chama of 10 people and save for a period of 6 months to 1 year you can buy a property and build homes or build a commercial facility that will generate income for the group members.

Identify a genuine a Sacco and make savings

A Sacco also cultivates a saving culture with whichever amount you have. You can consider joining a Sacco and saving in a given period of time and be able to own a property. Also, you will be in a position to qualify for a loan which you can utilise to invest in a property. However, it is important to conduct due diligence when joining a Sacco so that you do not lose your lifetime savings

Start small and grow your way up

There’s no need to wait until you have saved up millions of money to invest. Sometimes your recurrent expenditure may never allow you to save up to millions of shillings. You can start with the little you have and identify an affordable land where you can invest and pay in instalments. For example, you can identify a plot for sale in Kenya with prices below Ksh 200,000 and begin by purchasing such a property. This will be a great way to grow your investment portfolio as an individual.