Owning a piece of land is a dream for many Kenyans, but the idea that you can buy land in prime areas on a salary of below Sh. 100,000 especially in a rapidly growing real estate market, might seem daunting. However, with Fanaka Real Estate, that dream can become a reality.
Explore Installment Plans:
Fanaka Real Estate allows investors to buy land through the installment model. The investor only needs a down payment and the buyer offsets the balance installments of 6 months.
Your monthly installment is likely less than 100k, being appropriate if your salary is less than 100k. Click here to explore offers: https://wa.link/b0yz4f
Utilize Bank Financing
Many banks offer mortgage facilities specifically for land purchases. The affordable property loans are now available from banks partnering with Kenya Mortage Refinance Company. The loans have longer repayment periods and charged single digit interest rates.
Top 4 Areas to Invest Along Thika Road for Promising Returns
Partner with Family or Friends
Pooling resources with family or friends can be an effective way to increase your buying power. Combining your salaries and savings may enable you to buy prime land.
Negotiate and Be Patient:
It is advisable to negotiate with land sellers before purchase. Don’t hesitate to negotiate the price,
Join a Sacco
Join a Sacco and start saving, and over time your savings will be enough to buy land.
Invest in Emerging Locations:
As urban areas expand, the peripheries often witness rapid development. Buying land in emerging locations can be more affordable than in well-established areas.
In conclusion, owning a plot of land in Kenya with a salary of less than 100k is achievable with smart financial planning and the right partner, like Fanaka Real Estate. Contact Fanaka Real Estate https://wa.link/b0yz4f today to explore the best deals and embark on your journey to becoming a landowner.
