Investing in real estate is a popular avenue for wealth creation within the Nairobi Metropolis area. Investors can invest in undeveloped land or developed land. Investors are attracted to the high returns.
Lower Initial Cost
Undeveloped land requires lower upfront cost compared to developed properties. This can be appealing to investors with limited capital. Fanaka Real estate allows clients to pay in installments, by paying a deposit and the balance spread over of period of time. Click here to check their current offers; https://wa.link/b0yz4f
Potential for Higher Returns
Land appreciation leads to substantial profits over time, especially in areas experiencing rapid urbanization such as Kamakis, Murera, Juja farm and Kenyatta road, with developed properties appreciating at a slower rate. The 4 location have experienced massive transformation with buyers preferring due to their close proximity to Thika road.
Flexible Usage
Investors have the freedom to determine how the land is developed, whether for residential or commercial use, unlike developed properties which are designed to the seller’s needs. Undeveloped land affords investors an opportunity to develop properties according to their needs and preferences.
Reduced Maintenance Costs
Unlike developed properties, land does not require ongoing maintenance, repair, or renovation costs. This can lead to higher net profits and less operational hassle. Fanaka Real estate has fenced all its properties, safeguarding client’s investment. For more information; https://wa.link/b0yz4f
Tax Benefits
Buying undeveloped land has higher tax benefits unlike developed properties. Taxes charged on vacant are few and minimal, unlike the high taxes charged against developed properties. In Kenya, developed properties pay higher rates unlike undeveloped land.
You can now own plots in Kamakis, Ruiru with Fanaka if you earn less than 100k
Investing in undeveloped land is more lucrative than buying developed properties. Land owners along the Standard Gauge Railway, became overnight millionaires after the government compensated them, for using their land for the railway line. Working with experienced realtors, such as Fanaka Real Estate, enables investors to make informed decisions.
