Buying a plot of land for residential building is a significant investment that requires careful consideration of several factors. Whether you are a first-time buyer or an experienced property investor, it is important to make an informed decision to ensure that you get the best value for your money.
Here are some things to consider before buying a plot of land for residential construction.
The location of the land is one of the most important factors to consider when buying land for residential building. You should consider accessibility, proximity to social amenities such as schools and hospitals, and the availability of utilities such as water and electricity.
If you’re planning to build a home for your family, you’ll want to choose a location that’s close to schools and hospitals. This will make it easier for your children to get to school and for you to access medical care when needed.
It would be best to consider how accessible the land is by road or public transport. If you plan to commute to work or school, you’ll want to choose a location easily accessible by road or public transport.
The cost of the land is another essential factor to consider when buying land for residential building. You should consider whether the price of the land fits within your budget.
It’s important to note that the cost of the land is not the only expense you’ll incur when building a home. You’ll also need to factor in the cost of construction materials, labour costs, and other expenses.
Fencing is another factor to consider when buying land for residential building. There are some realtors selling plots of land that are already fenced. A good example is Username Investment Properties, which sells plots of land that are already fenced, negating the need for you to install one.
A is a crucial component that can help improve security and privacy on your property. It can also help keep animals out of your yard and prevent children from wandering off.
The security of the area where you intend to buy land is another critical factor to consider. You should research crime rates in the area and talk to local residents about their experiences with crime.
Everyone is concerned about security, so you may want to choose a location with a safe neighbourhood and perhaps one close to a police station or other law enforcement agency.
- Title deed verification
Verifying that the seller is the rightful owner of the land and that there are no disputes or legal issues surrounding it is crucial before making any payments.
You should conduct due diligence on title deeds by checking with relevant authorities such as Ministry of Lands offices or County Land Registries. Alternatively, you can skip this step by working with a reputable realtor offering ready title deeds after paying all your instalments.
- Future development plans
Of course, you want to invest in a plot of land with a positive future outlook. This is why considering future development plans for the area where you intend to buy land is important, as it can affect your investment over time.
For example, if there are plans for new infrastructure or commercial developments in the area, this could increase demand for your property in the future. Therefore, research any planned developments in the place where you intend to buy land and think about how they may affect your investment over time.
Looking for Residential Land in Kisumu?
If you’re looking to invest in Kisumu, the above factors should guide you into finding the best value for money. Better yet, Username Investment Properties has already done half the work for you.
With Kisumu being among the Kenya’s fastest-growing cities and one of the key investment destination in East Africa, Username Investment Properties’ The Domain, Kisumu Dala project is an excellent investment opportunity that helps you takes advantage of this growth potential.
Located in one of the most desirable neighborhoods, this project offers prime plots of land in Kisumu with ready title deeds, perimeter fences, water supply, and other amenities that are perfect for residential or commercial development.
Username Investment, is leading real estate company widely sought both by local and diaspora real estate investors.