Investing in land is one of the smartest financial decisions, but it comes with risks if not done properly. Here’s what you need to know:
1. Conduct a Title Search. Always check the land’s title deed at the Ministry of Lands to confirm ownership and ensure it’s free from encumbrances.
2. Work With a Lawyer: Engage a licensed property lawyer to help draft agreements, interpret titles, and ensure compliance with Kenyan property laws.
3. Visit the Land Physically: Don’t rely on photos. Go in person and confirm boundaries with a surveyor.
4. Confirm Zoning and Development Plans: Check if the land is residential, commercial, or agricultural. Also, check for any planned developments or bypasses.
5. Sign a Sale Agreement and Pay in Phases: Sign a formal agreement and use phased payments with receipts. Register your ownership with the Ministry after final payment.
Avoid shortcuts, work with trusted professionals, and always verify documentation before making a payment.
