Why Look At The Value Rather Than Cost When Buying Land?

Why Look At The Value Rather Than Cost When Buying Land?

BUYING LAND

Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible asset one can possess.

It’s something that pays you month after month, whether you are working or not since land appreciates with time.

There are various ways land can make you money. Land can be developed to get you capital. You can construct on it and build commercial structures on the land which will in turn earn you revenue on a monthly basis.

You may also decide to hold the land over a period of time, with the fact that land appreciates with time, in mind. After buying the land, you can then resell it at a higher price after that area has been developed. When an area experiences good infrastructure developments and presence of social amenities, you can be as sure as day that land and property will be going for a higher price than it was initially.

In case none of these options appear suitable for you, you can also choose to farm on it and earn returns at the end of the month, or year.

Regardless, the land will still generate income for you, which all goes hand in hand in providing you with capital.

However, like all other investors, risk is the first word that comes to mind when you think of investing in anything. Risk is inevitable as real estate is a game of numbers.

When you put your money in this asset called real estate you should be ready to face any impediments that may occur.

The main reason you should invest in real estate and not any other is its profits. This is brought by the high demand for settlement and the country’s growth.

The real estate industry is by far the richest among all the other industries and was the third most popular investment method in Kenya in 2013. This investment is always booming because Kenya is a growing nation and has several towns in their development stage as well as ongoing projects all geared towards growth. The settlement has fast economic growth, and land value increases over time, yielding more profits.

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