Find All That Africa has to Offer and More by Buying a Property There

Posted by PARTIK on January 16th, 2016

We all know pretty well that Kenya is a great place to invest in, they have great return on investment and the economy is growing at a good rate. So before buying a house or a property in Kenya, we should understand about the various property options which include offices to let parklands that are available.

The first option to increase your wealth is to lease a apartment in Kenya. They promise good returns and are fine in their design. The most popular place to invest is in westlands. Its modern and posh and has a real beautiful architecture. In Kenya, land is basic and is available anywhere but in order to add value to this raw land investment, you can add water lines, and can also build a access road till the property. It will significantly increase the properties chances to find the new buyer. As for the landscape, location beats everything. Another option is to develop the land and depending upon the locality it can be constructed and revenue generated. If the surronding properties have factories set up on them, then this land can also set up factory and earn revenue. There are lot of options of properties to buy westlands. Another option is to construcy residential property. If you are looking to make a quick buck and a higher return on your investment then construct the units, be it residential or commercial and then sell off the entire property.

The last option is to invest into the real estate commerical. There are strong reasons that support that commercially built real estate are extremely reliable and sometimes they generate better returns as compared to the residential units. The reason is that usually for a period which is not less than five years the rent increment clause makes sure that the owner gets into its income stream from the property, more than its lease period Another sub category of commercial property is to buy offices to let parklands. Since big foreign players are looking for commercial places to make offices therefore its very likely that a commercial place will sell/lease for more than what residential properties will ever give back in returns. This is a capital intensive investment and therefore requires a large deal of professional expertise. Now as you are fimiliar with the type of investment opportunity available therefore now you can go about searching for a place apt for you.

In Kenya, the mortages are of two types.

1. Fixed rate: This makes the borrower own a percentage of loan as a interest. The interest never changes and it remains constant over the entire lifetime of loan

2. Variable/Adjustable Rate Mortgages: This happens when the credit market is changed and credit market is reflecting in the rates of repayment. The terms of repayment are made out of reducing the remainin balance and a part of interest rate risk is transferred from the person who is lending to the person who is buying.

 So while you are pondering over which property to buy, you can also in the meanwhile look after the different finance options available.