While buying land is a good investment. There are a number of things you need to know before you buy a property especially land in Kenya.
Some of these questions touch on the land itself, the land seller and all those involved in the whole process from the beginning to the end.
It is important to have a list of these questions at the back of your mind to guide you when making an inquiry about a property.
This information will help you avoid a scenario of what you wish you knew before purchasing land in Kenya.
This question will help you know the real owner of the land on sale. Whether it is a company or an individual, it is important to ensure you get all details first hand.
Further, you can go ahead and ask for a copy of the title deed in case you will need to do a search. A title deed search will help with the land owner details as per the Land’s Registry records.
It is worthwhile to buy land from a land selling company because the company subdivides the land for you and also does all land related searches.
Ask where their offices are located around the country. At times, you can visit them physically.
There are number of properties for sale in various areas in Kenya. Some of them in Nakuru, Ngong, Kangundo Road, Konza, Matuu etc.
Make sure you know the exact location of the land. Ask for the Google PIN, photos of the land, the surrounding areas and a video of property.
Either you are living locally or abroad, always ask the exact location of the land you are interested in purchasing.
Land for sale comes in various sizes; eighth acre, quarter acre, half an acre and an acre. Always ask the approximate size of your preferred land.
In most cases plots for sale in Kenya are eighth acre in size commonly referred to as 50 x100.
At times, you may find a property for sale in Kenya is partially developed and having some structures while others are vacant.
Inquire on the details of the current status of the land before you purchase it.
This question will help you know whether the land has been surveyed and subdivided. You will also be able to know whether beacons have been put and marked properly.
This makes it easy to identify your individual land and also develop it.
There are some land sellers who only quote the price of land and do not mention whether it includes fee for the Lawyers and processing title deeds.
Always ask whether the price of land is all inclusive to avoid a scenario where you will need to pay more.
Production of title deeds in Kenya takes a period of time because it involves signing documents and submitting the same to lawyers and respective land registries.
As a land buyer, ensure you know the timelines you will have to wait before receiving your title deed.
A company such as Username Investments gives a timeline of between 3 – 10 months. In between this period, you receive your title deed.
There are various zoning regulations across the country. Some by the National Government and others by respective County Governments.
This will help you to know whether some of this laws and regulations affect how you will utilize your land.
In cases of a vacant land, a real estate company such as Username Investments grades the internal access roads, installs a perimeter fence and an estate gate.
At times, depending with the project, the company drills a borehole and installs electricity.
It is important to ask the utilities that will be provided by the land selling company so that you are well aware of what you will purchase.
Different properties have different soil types in Kenya. Ask the type of soil in the property. Is it loam, red or black cotton soil.
This will help you know the kind of development you can put up.
There are some properties that are suitable for recreation, residential or commercial use.
All these have different regulations depending with the location.
Before investing, ask the land selling company the most ideal use of the land to avoid frustrations in the process of developing it.
It is critical to know whether the property you are interested in purchasing has a provision for common areas.
This will help you to know whether the estate in future will have a provision for a playground or a common facility.
Properties in Kenya are categorized in two main types; freehold and leasehold. A freehold property has a freehold title deed which gives the owner full ownership of the land.
A leasehold property has a leasehold title deed has a limited number of ownership of up to 99 years.
Always ask the type of property before committing your finances.
This is another important question which is key in property due diligence. Ensure you know when, you can view the land.
A company such as Username Properties offers property site visits for free every Wednesday and Saturday.
Some of the properties for sale have majorly two purchasing options; Cash purchases and Instalment purchases.
Get to know search terms, the duration and the accruing interest each month for instalments.
This question will help you know whether the area is prone to floods, landslides etc.
It is one of the questions you should ask before buying land in Kenya.
Real estate wealth is built through capital gain. This comes as a result of developments in the property and surrounding areas.
Always ask the potential developments in an area. They include tarmac roads, bypasses, airports, factories, railways etc.
This will help you estimate the potential of growth for your investment.
In conclusion, ask the land seller if there are any other issues related to the land that you need to know. This will ensure that you have all the necessary details regarding a property.
Do you have any questions on properties for sale in Ngong, Nakuru, Konza or Kangundo Road? You can leave them in the comments sections