Plots Along Kangundo Road: “I wish I bought a plot in Umoja, Nairobi, in the 1996. They were selling at less than Sh. 300,000. Today, they’re selling at tens of millions of money!” This is a common regret among people who missed opportunities to acquire land in the 90s because it seemed too discounted and in an area that wasn’t too densely populated. But opportunity knocks only once during youth.
In deed, when it comes to opportunities, we all have dreams and plans, and top on the list of these dreams and plans is to someday, get to own a piece of land and a home. While young people have for a long time had their interests channeled towards other things, things seem to have taken a different turn, and they are now moving their focus towards owning property.
Value vs cost: What you should look at when buying a plot in Kenya
And while this is a commendable move, not all of them are able to make these purchases early enough mostly because they lack the financial muscle and they opt to save for a few more years before actualizing their property-owning dream. One thing they don’t actually realize here is the fact that, the more time they take saving, the higher the prices for these properties become.
Land is one of the properties that appreciate in price very fast and in a span of 12 months, the price one thinks a piece of land costs will have almost doubled, if not tripled, and this is the very reason one should not waste time when it comes to acquiring a property in Kenya. This is because the demand for land keeps going up, yet there is no more land being produced and we all have to use the land available.
One does not need to have all the money to get this piece of land. Companies like Fanaka Real Estate have come up with ways to help young people get that piece of land that interests them and they offer a good payment plan for someone who does not have all the money at once. For instance, they allow buyers to pay for their land up to 12 months.
With affordable pieces of land from as low as Sh. 300,000 for private use properties and Sh. 500,000 for commercial use in some of the most highly growing satellite towns within the Nairobi Metropolis, this gives flexibility to youths and any other individuals to acquire such property.
Why it’s cheaper to build than to buy a house in Kenya
Land is also a hands-off investment and once you have it, you will not have to spend more on maintaining it. It’s an investment that can lie unattended to for years and its price will keep appreciating over the period. You can also decide to add value to the land instead of letting it lie idle, you can plant food stuff for sale or have properties on it which you can in turn collect rent from and earn an income. The earlier you get to purchase that land, the more you get to enjoy the profit from your investment.
Purchasing land as a youth also saves you from future financial struggles that might come along with having a family. We have all seen people having to pay school fees for their children, paying rent for the houses they live in, while at the same time servicing loans they used to acquire property where they are building their home. You can relieve yourself from going through such a hustle trying to balance everything with the little money you earn. So, make that bold move and buy that land as soon as you can. Plots Along Kangundo Road.