Hao Finder Real Estate, a certified real estate agency dealing in the sale of land in Ruiru, Kamakis, Juja Road, and Kenyatta Road in Kiambu and Machakos Counties, provides insight on the dos and don'ts of purchasing land in these rapidly developing satellite towns of the Nairobi metropolis. These areas, located near the Thika Superhighway and Eastern and Northern bypass, have seen an influx of investors and developers.
Property Development and Investment in Ruiru, Kiambu County
The Dos:
1. Finance and Budget:
Ensure that the budget is intact and within estimates, and analyze financing options such as Saccos and Bank Loans or hard cash. Get a certified real estate agency: An agency selling land will do most of the paperwork and guide you on financing options, and will provide a ready-made title deed and handle the land transfer process.
2. Verification:
Conduct an official search at the Land registry to track registered land owners and underlying charges, and conduct a search at the County offices to analyze key details such as land rate payments and county permissions/restrictions.
3. Check boundaries and survey:
Have a surveyor look at the property to identify the boundaries and talk to neighbors to understand the restrictions and history of the area. Fencing: Fence the land to keep off land grabbers and trespassers.
The Don'ts:
- Don't expect a quick loan: Banks can be slow to approve loans for land purchases, so plan accordingly. - Don't skip environmental tests: Subject the land to environmental tests such as arability, contamination, potential for flooding and ability to support building and construction. - Don't trust agents to do all the work: Have your own lawyer follow up on the process.