WHAT TO LOOK FOR WHEN BUYING LAND IN KENYA
When buying land in Kenya, there are several important factors and considerations to keep in mind to ensure that you make a sound investment. Here are some key things to look for and consider:
Title Deed and Ownership:
- Verify the authenticity of the title deed. Ensure it is genuine and free from any disputes.
- Check that the person selling the land is the legal owner and has the right to sell it.
Land Size and Boundaries:
- Confirm the exact size and boundaries of the land you are buying. It's essential to physically inspect the land and compare it to the surveyor's beacon marks.
- Make sure the land size matches what is stated in the title deed.
Zoning and Land Use:
- Check with local authorities and the County Government to understand the zoning regulations and land use restrictions for the area where you intend to buy land.
- Ensure the land is suitable for your intended use (e.g., residential, commercial, agricultural).
Infrastructure and Amenities:
- Assess the availability of essential infrastructure like roads, water supply, electricity, and sewage systems in the area.
- Consider proximity to amenities such as schools, hospitals, markets, and public transportation.
Land Accessibility:
- Ensure the land is easily accessible by road. Poor access can significantly affect the land's value and utility.
Land History and Ownership:
- Investigate the land's history, including previous ownership, any disputes, or land grabbing issues.
- Seek legal advice to confirm the land's clean title and history.
Land Price and Market Trends:
- Research the current market prices for similar properties in the area to ensure you are getting a fair deal.
- Consider the potential for appreciation in land value over time.
Environmental and Geographical Factors:
- Check for potential environmental issues or geographical challenges such as flooding, soil quality, or geological instability.
Security:
- Evaluate the security situation in the area. Safety is a critical consideration for your investment and personal well-being.
Legal Procedures and Documentation:
- Engage a qualified lawyer or legal expert to guide you through the land buying process and review all the legal documentation.
- Ensure that all transactions are properly documented and registered with the relevant government authorities.
Financing and Payment Terms:
- Understand the payment terms, including the down payment, instalment options, and any associated costs like legal fees and transfer fees.
- Make sure you have a clear understanding of how you will finance the purchase.
Community and Neighbourhood:
- Get to know the local community and neighbourhood. It's important to consider factors like the community's culture, lifestyle, and potential for development.
Future Development Plans:
- Inquire about any upcoming development plans in the area, such as new roads, infrastructure projects, or zoning changes, which could affect the land's value.
Before finalizing any land purchase in Kenya, it's advisable to seek professional guidance from lawyers, surveyors, and real estate experts who are knowledgeable about local laws and regulations. Due diligence is crucial to ensure that your land investment is secure and meets your objectives
Comments
Post a Comment