How to increase the value of your land in Kenya
Land remains to be one of the top investments people venture in and this is due to its unique capability in gaining value over time. There is a higher demand for land among the Kenyan population because it is a worthy investment that appreciates over time. Due to this increased demand and as the law of supply and demand states, the value of land in Kenya is expected to blow off the roof sooner than expected.
So, you may be wondering, how does a piece of land increase in value over a given period of time? Well, the first obvious answer is the development of infrastructure i.e. better roads, malls, or resorts. These types of development are accepted for instance, one of the clients who purchased land from The Wealthsmith limited has already began the construction of a holiday resort due to the area’s accessibility and proximity to wildlife parks. This construction will take course over the next year or more but once done, it will be a very profitable business to run. This exact development will drastically raise the value of land in that area and if one is planning on purchase in a few years, they may pay more than she did.
Owning land in areas that have potential growth is a process and the first right step is choosing the right real estate investment company. A good company is one that walks with its clients every step of the way; and interested in the client profiting from the land acquisition. Nonetheless, once you have bought a piece of land, you don’t have to wait around for years before it to gain value. Most areas like Nanyuki town are indeed bound to experience immense development judging from the growth rate of the population and the per capita GCP of Laikipia County, however as a landowner in Nanyuki town, you can take a few steps to help increase the value of your land. Some of the steps to increase the value of your land in Kenya includes:
- Improving the accessibility to your property by ensuring that your land has well-done access roads.
- Constructing structures such as rental houses or starting in farming activities on the property.
- Having permanent beacons or fencing of your property as this boosts the perception of security in the area.
- Installing essential utilities on the property such as water and electricity.
- Planting trees is another activity that can add value to your property. It benefits the environment and can be a profitable economic activity.
Whether you are a landowner or an aspiring one, it is important to note that land is not a passive investment. In the hands of a professional land investment company such as The Wealthsmith Limited, your land can become an active profitable venture for you. Contact us today and we will invest in ensuring a profitable value to your land.