Is this the best time to invest in real estate? Do you want to have a piece of property that you can say that you own?
Most of us are trying to get into the discipline of investing and saving for our future generation rather than spending all our earnings and later on wondering where all the money disappeared to. The first place we tend to search for investment options is almost always online. The options are endless: Stock exchange, join a Chama, open a savings account, buy land, buy a house etc. which are all great options.
In our society today, owning a piece of land or owning a house is considered as an important step to ‘making it’, which, I would like to believe, is what we are all working towards.
The Kenyan real estate market is fast growing and quite promising as seen with the increase in property value over the years.
A Case Study of Match Ventures Real Estate Company, a project in Mutaita (Elementaita) Area Nakuru:
‘Back in 2013 when the Mutaita Plots started selling, the prices were affordable at Kshs.70, 000/= per 1/8 acre. Right now the price for the same property ranges from Kshs. 300,000 to Ksh.500,000. This shows how investment in real estate would give you value for your money as you plan for your future.’
As you can see from that one example, the property value shot up in a matter of ten years by over 100%. If you had invested in the aforementioned real estate project, you can already see how much your property would have increased in value.
So, when is the best time to invest in real estate? There is no better time than the present. Whether you want to buy to build your dream home or hold the property for a future sale, now is the time to do it.
Now the next question that comes to mind is do I build and rent or live on my own property?