The Surprising Benefits of Payment Plans
Most people shy away from investing because they believe that one needs a lumpsum to jump on the bandwagon. It is a common myth and as you will soon discover, you can use a payment plan to own land in Kenya. When you decide to invest in Real estate, a reputable company such as The Wealthsmith Limited, you can choose to purchase your land using the flexible payment options available for you. Here are the benefits of using these types of payment plans when buying land in Kenya.
1. Fits within a budget plan
Financial advisors will often reiterate the importance of planning for your money before spending it. This might be good advice to live by but rarely do they mention that while budgeting, you should set aside money for investment. Depending on how often you budget finances, setting money aside after each budget will work well with a payment plan. For example, a certain percentage of your monthly income you can be set aside for meeting your payment plan milestone.
2. Low initial buying price
A payment plan shields you from price fluctuation during the payment period and you will gain value for money spent. When you use a payment plan to buy land, you lock in your price and if the project grows in value, your piece of land goes up in value but you don’t have to pay anymore. Here is a practical example, when The Wealthsmith Limited launched the Nanyuki Waterfront 2 project it was retailing at 140,000 KES, due to the developments on site the land is now at 229,000 KES and can only go higher.
3. Manageable financial milestones
Unless you have a lump sum saved exclusively for Real estate investment, avoid making a cash payment. This is because your finances can take a hard hit that could be avoided. A payment plan will ease the financial burden of investing in land as you meet equally distributed payment milestones for your parcel of land.
Real estate investment no longer has to be a far distant dream, make it a reality and own land today by contacting The Wealthsmith Limited.