Is Real Estate Among the Best Retirement Investments In Kenya?

For many people, retirement comes with a transition that needs proper planning. Nobody wants to retire and spend their old age without seeing the fruits of their labor. That’s why one needs to invest before or immediately after their retirement. Are you working, and your retirement season is around the corner? This article will be a perfect read for you. We shall be discussing real estate and retirement. I will explain why real estate is among the best retirement investments in Kenya.

Why Purchasing Land in Kenya is Considered Among The  Best Retirement Investments in Kenya

1. Guaranteed Passive Income

The value of certain investments continues to dip as economies continue being in flux. However, the need for land and houses will never diminish as long as humans exist. The demand for homes will always be very high, whether rain or sunshine.

If you use your retirement benefits to build or buy already built rental houses, you will always be of guaranteed rental income, provided you get good tenants who will pay their dues as per the contract. Also, others will always come in to occupy the houses when they move out. Having a passive income in your old age is fulfilling. You are proud of your labor.

2. Appreciation

Land and properties will always appreciate no matter the economic shake-ups thereby making them among the best retirement investments in Kenya. The two are in high demand, and purchasing them is expensive. Over time, land appreciation is a guarantee Property estimates indicate that a property or land can increase its value by 50% in a year. However, we can’t ignore the eventuality of recessions in the housing market, but within some time, the market will recover, and you can sell your home then.

3.No Inflation Risk

The greatest fear of investors in Kenya is inflation. Luckily, the real estate investors are exempted. Interestingly, the value of your land or property will rise with inflation. Generally, real estate is the best market to invest in, especially when inflation is rampant. For instance, if you plan your rental portfolio well, you will enjoy enough income to support you at the present rates that will support you for 10 or more years.

The real estate market is stable unlike other markets, such as the stock exchange. Additionally, the rent prices are stable and will always go up thereby making real estate among the best retirement investments in Kenya.

4. Community Growth

Unknown to many, real estate is one investment that allows people to impart and grow the community. For instance, when you build and rent houses out, you commit to being a good landlord and offering quality housing for your community. This way, you become part of solving housing problems, growing the local economy, and enjoying your retirement goals. All these make one feel complete and of great value.

5. Tax Benefits

Unlike other investments, real estate offers special tax benefits to investors. Some of these benefits are rental property deductions and depreciation. In addition, you can reduce expenses such as travel costs, maintenance and repairs, property management, etc.

6. Control Over Returns

If you invest in rental properties, whether residential or commercial, you can attract high-end tenants by simply upgrading your properties. Additionally, you can hire a property management agent to ensure your rental business remains successful and gives you returns without any hiccups thereby making real estate among the best retirement investments in Kenya.

7. Real Estate Is Highly Elastic therefore Making it Among The Best Retirement Investments in Kenya

This industry always rises above any kind of setbacks. Any fall in the real estate market is short-term, so you just have to be patient and wait for the right time. The market always gets back in shape and sometimes in a better and higher way within a short time after the setbacks. This confirms it’s the best retirement investment because any losses are intermittent.

In conclusion, real estate is one of the best investments for retirees. You are guaranteed a solid, long-term investment with a passive income. Additionally, your property or piece of land appreciates meaning you can sell later and make a considerable profit. Moreover, you won’t have to worry about inflation since the investment is always stable.

Is your retirement around the corner? Grab a piece of land from a reliable real estate company and invest wisely.