3 characteristics of a good property investment
What comes to mind when someone mentions the word investment? Some think investing in land is like a visit to the ATM where you swipe a card and get money at the other end. The truth is, investing is both about the future and now because NOW is always the right time to invest to secure your FUTURE.
There has been a strong demand for land over the years due to population growth and the need to own a piece of Kenya. This has seen an influx of real estate companies in the country and also a substantial increase in the prices of land for sale. Prime plots in Nanyuki are currently priced high due to the proximity and growth potential of the town. With the recent ban lift on cessation of movement, research indicates that investors are jumping back into the real estate market with the full acquisition of land in Nanyuki. The major question that lingers is how can you spot a good property or project to invest in Nanyuki? Here are characteristics to look out for:
- Location. This tops the list because as a real estate investor, the location of your property determined the types of developments you can conduct and the potential tenants you will attract when you think of constructing rental houses and business premises.
- Amenities. It is always advisable for investors to take time and visit the plots for sale. This will give you a visual on the types of amenities available on the ground.You can explore the area and check out the parks, camping sites, schools, road access, and sources of water.
- Security. Once you visit the area, you will be able to ask around and weigh the security of the area. You can also check the distance from the nearest chief or police station.
You can also visit a real estate company such as The Wealthsmith company to find out more about the area. The company has witnessed successful projects in different areas with several plots sold out. Recently, they have invested in more plots in Nanyuki. The land for sale is located strategically within Laikipia town and is known as Nanyuki Township. This project has been subdivided to eighths and quarter of an acre plot with flexible payment plans of up to 6 months. You can contact The Wealthsmith today for all matters on real estate.