What to do before buying a plot in kenya

Do’s and Don’ts when buying Land in Kenya.

Investing in land can be a lucrative venture, but it also comes with potential pitfalls. To navigate this landscape successfully, it’s crucial to understand the essential “do’s” and “don’ts.” Here’s a breakdown:

DO’S

• Do Thorough Due Diligence:

This is the most critical step. Verify the land’s ownership, legal status, and any existing encumbrances. Conduct a land search and review title deeds meticulously.

• Do Understand Local Regulations:

Familiarize yourself with zoning laws, building codes, and any other relevant regulations in the area. This will prevent future legal complications.

• Do Consider Location and Accessibility:

Location significantly impacts land value. Assess factors like proximity to infrastructure, future development plans, and accessibility.

• Do Assess Land Characteristics:

Evaluate the land’s topography, soil quality, and availability of utilities. These factors will influence its suitability for your intended purpose.

• Do Seek Professional Advice:

Engage the services of a reputable lawyer, land surveyor, and real estate agent. Their expertise can help you avoid costly mistakes.

• Do have a clear investment goal:

Know why you are buying the land. Is it for development, resale, or long-term investment?

DON’TS:

•  Don’t Rely on Verbal Agreements:

Always ensure that all agreements are documented in writing and signed by all parties involved.

• Don’t Overlook Hidden Costs:

Factor in additional costs such as legal fees, survey fees, registration fees, and potential development costs.

• Don’t Ignore Potential Risks:

 Consider environmental factors like flood risks, as well as security concerns in the area.

• Don’t Rush the Process:

 Take your time to conduct thorough research and due diligence. Avoid making impulsive decisions.

• Don’t neglect future planning:

 Consider how the development of the surrounding areas may affect your land.

•  Don’t buy landlocked land:

 Land without legal access is very problematic.

By adhering to these dos and avoiding these don’ts, you can increase your chances of a successful land investment.