Country Girl wrote:Hello Dear Wazuans.
I am looking for advice on Konza City. I want to buy land and build at a later stage. Land that its value will grow with time. Is it a good investment? Will Konza City really come to light? Are there any land in and around Nairobi that I could consider? Thank you in advance for your advice. I have been a silent member here at Wazua reading all the advices and warnings coming from fellow posters and I have learnt a lot.
This is what you do if you want to buy land:
1.Visit the area, see the developments in the general area, talk to locals on history and likely future of the area;
2. Visit physical planning office, check the master plan of the area ... zoning and density restrictions, main infrastructure works, public utilities etc. This will help you to narrow down on location of you investment whether agricultural, commercial, residential or industrial;
3. Get in touch with land sellers e.g land companies, agents, lawyers for details of parcels on sale;
4. Due your due diligence on the parcels on offer i.e is the title good? freehold or leasehold? any encumberances (charges to the bank) or wayleaves by Kenya Power/ National/County government? vacant or occupied? outstanding rents and rates? The seller should be able to provide documents on these matters.
5. Visit the shortlisted parcels look at general topology i.e is the area flat, hilly, rocky, swampy? This will enable you to narrow down your search to most suitable parcel. Real estate is about location, location, location.
6. Agree price and terms with seller, sign sale agreement prepared by lawyers, arrange for completion i.e exchange of purchase price and the documents of title for transfer.
When in doubt, always consult with professionals like lawyers, physical planners and land economics.
Life is short. Live passionately.