What you need to Know about Acquiring Land for Sale in Kisumu’s Riat Estate

Kisumu has attracted many investors and potential buyers of plots and lands for sale. To identify a place which suits your needs and meets your preferred location near the lakeside, there are lots of choices of estates in Kisumu you can go for. Among these estates is the Riat Estate.

Riat Estate in Kisumu is the hilly top part of the city, which is located along the Kisumu Kakamega road. It is rightly situated next to Mamboleo and has great investment possibilities for people searching for plots of lands.

This Estate has affordable lands for sale available for the investors who have interest in venturing into opportunities ranging from; hotels, hostels, agriculture, villas, building personal homes as well as business premises. These are very attractive opportunities that have increased the rates of returns a great deal.

Those living in Riat estate live a different standard of life and as well observe standards of the upcoming urban designs. The urban designs and high buildings that are being built by investors in Riat estate have increased the market prices of the investments, hence give investors good returns.

The lands for sale in Kisumu Riat estate are affordable and are also freehold. The loan acquisition process is also straightforward, so that once an investor accesses the loans and have appraisal arrangements done, can start up these business prospects which will definitely rake in money.

With calm and family-friendly environment, Riat estate is the target of most real estate buyers in Kisumu who would want to have residential homes outside the busy and noisy city. The estate’s population has increased over the recent years with increasing settlements of both home owners and those renting houses, making it a great destination for investors.

Benefits of investing in agricultural land for sale Kenya

Agriculture in Kenya dominates Kenya’s economy. Approximately 15-17% of Kenya’s total land area has sufficient fertility and rainfall to be farmed. 7-8% of this can be grouped as first class land. Kenya is the leading producer of coffee and tea and also third largest exporter of fresh produce namely cabbages, onions and mangoes. Small farms grow much of the corn and in addition produce potatoes, bananas and peas. Despite all of these produce plus the favorable climatic conditions, about a 1/2 Kenya’s total agricultural output is subsistence production, meaning that it is produced for consumption. This means that the agricultural sector in Kenya is not reaping its maximum potential. This means that serious investors need to get into the agricultural sector and invest in agricultural land for sale Kenya.

Investors in farming and agricultural activities could very well reap benefits that accompany Kenya’s bilateral ties many other nations all over the planet. Some of the most common are reduced taxes in farm products and may be easier policies enabling investors from Kenya to comfortably access other foreign markets. Thus investors are in a position to getting readily available large scale markets for produce.

Agricultural sector happens to be the largest factor in Kenya’s Gross Domestic Product (GDP). In 2005, Agriculture, including forestry and fishing accounted for about 24% of the GDP also for 18% of wage employment. It further collected half of revenues from exports. Government being aware of the impact of the agricultural sector upon the economy has continued to show necessary support to large scale widespread farmers all around the nation. The government offers reduced prices on se20150226_112602eds and likewise avails ready market for certain commodities like sugar cane, coffee and tea. Investors may take pleasure in these incentives to immensely cut back on the cost of production and in its place maximize profits.

Accessibility of roads is the one other selling point of investing in agricultural land for sale Kenya. Government has done and goes on to do some good job in terms of improvement of infrastructure hence linking roads from the cities to the rural areas. This facilitates an easy and quick transportation of goods and services from one particular area to another. This means that an investor may even import labor from one particular area to another. The ease of transport also makes perfectly sure that fragile goods like eggs don’t undergo unnecessary breakages a result of bad roads. Good infrastructure also means that additional public service vehicles are likely to ply different roots and one can opt for alternative method of transport like train, based on the cost.

Investors hoping to spend money on agricultural land for sale Kenya are guaranteed of cheap and skilled labor. A survey indicates that by 2006, almost 60% of working Kenyans made their living by farming, in comparison with 80% in 1980. That is a clear indication that largest portion of Kenyans are well conversant with farming as a means of life. Unemployment rate in the nation also guarantees an investor of getting cheap and skilled labor.

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Tips on how to sell your property faster in Kenya real estates

33Considering the ever rising number of players within the Kenya real estates industry, investors, private developers and individual home owners are finding it harder to sell their property in the already crowded market. This is due to the rise in competition levels that’s owing to many people investing in the real estate sector in Kenya. This thus requires that you package your apartment or property appropriately as well as in a lovely manner that draw clients, and eventually have them choose your property over that of other competitors.

How exactly do you go about this process of beating competitors to their own game? It is very simple. Just follow these steps and you will find yourself on your way to making that big sale.

Engage in a research- The first order of business in preparing for sale of a property is to become accustomed to the on goings in the Kenya real estates sector. Get to know market range prices for similar properties to make sure that you don’t find yourself either over quoting or under quoting your house. Also find out which real estate firm gives best deals in cases of commission they demand which will help you sell the property in question. Get to know the one with a positive deal and go for it. Make sure to offer some incentives to buyers to have an edge over competitors.

Prepare your house- These are things such as repairs you will need to do now and again. Paint your property with suitable and attractive colors. Fix any broken appliances inside the home and also the rooftop if the iron sheets are rusted. Be certain that the house looks presentable before you put it up for sale so as to attract buyers. If it happens to be a house in a compound, ensure you mow the grass and trim trees, just in case there is, for the compound to also look neat and presentable.

Price your premises appropriately- Investigate neighborhood sales for the past say like one year for you to be knowledgeable about the value range of property within that locality. This will actually enable you to quote a price that is neither unreachable nor too low. High prices especially can be a big shut down to buyers and they are more likely to shy off from overpriced properties. The buyers themselves usually do their research before ordering property, thus they too come armed with tips about the niche price range.

Do extensive marketing- This is actually the most useful constituent of selling a house in Kenya real estates. Do extensive marketing in social media, print and not to mention broadcast media, not forgetting word for word marketing. Look for a reputable real estate firm to help you out with this crucial section of selling a property.

Negotiating and shutting the deal- Kenya real estates sector is basically a sector with variety, for this reason, similar offers originate from different people and businesses. You need to therefore be all set to receive offers and counteroffers. You should try to actually be flexible in regards to the pricing but avoid stooping too low as well.

How to market your property in Kenya real estate

54The Kenya real estate sector is an extremely competitive sector which requires a person to be very original and innovative to be able to cope up with the numerous real estate firms in the industry. You’ll have to all of the time a step in the front of the competitor and this requires generating absolute and creative marketing techniques every now and then. You will have to ensure that you hold up to the tastes and preferences of the clients. This requires you to actually go out there and do a comprehensive research on precisely what the clients want as a way to get in contact with your prospective clients.

These tips and insights that I will highlight below will provide you with a hint on how well to remain relevant in the competitive Kenya real estate sector in terms of marketing strategies;

Identify a target market- A target market by definition is basically a group of individuals having a definite want or requirement for your product or service and are also willing to part with their money for the same. Real estate is a very wide field with a number of clients. You have to identify if by chance your target market are the ones searching for a residence, commercial complex or those looking to buy units. After you have found this, you are able to know what to give your clients and at the same time do the work to the most of your capacity.

Segment your market- A market segment is a sub group of persons within your market that share common characteristics that make them identifiable. Segmenting your market helps you as an investor to better know about behavior of your respective clients. For instance do they tend to move to areas out of town or do they like the urban setting? Will they prefer units located near the main road or far from the main road? After you have identified the behaviors of the target clients, you’ll be able to come up with specifically what suits their needs and thus everybody gets what he wants. They get the most suitable properties whilst you laugh to the bank account.

Be unique in what you offer- The Kenya real estate being a competitive sector, it is essential that you set yourself apart by presenting items that will catch the attention of your potential customers as well as one that will actually influence them and motivate them to keep coming back for more. You have to be so much better than most, or if possible, your competitors. Give particular attention to little things like the home design, overall cleanliness of the house or compound; paint the home to make it look more attractive and such like things. With all of these you’ll be able to get more clients and as well retain the in-existence ones.

Engage a wide variety of marketing strategies- Most investors within the Kenya real estate market make the mistake of employing just one marketing strategy and assume that they are well off. You need to inculcate various marketing concepts such as internet marketing, direct, newsletters and many other kinds so that you can generate maximum results.

How to make maximum use of lands in Kenya

11Land is regarded as one of the most precious natural resources in Kenya that makes it among the most sought after commodities by people from all walks of life both in the nation and not to mention people from foreign countries. Most investors particularly prefer lands in Kenya for their diversity and adaptability to fit the various categories of investment. These include agriculture, commercial investment, rental units, hostel facilities, villas and holiday resorts.

With lands in Kenya, a financier can’t ever make a mistake and one is sure of receiving a return on his investment in a limited time span. Land also happens to be a tangible asset whose value is always appreciating, meaning that if you acquire a portion of plot today, then in the next three or four years, its value will probably even double, going by the current trends in Kenya.

By being an investor, you can surely utilize lands in Kenya by any of these forms of investment listed below;

Commercial investment- Many buy land to build commercial structures which often have excellent returns. Although it requires a lot of money to see this kind of project through, the possibility to generate considerably more money makes it worth the hustle and risk. The moment the buildings have been erected, one can either trade them right away for a big sum or rent all of them out for a monthly pay check.

Building a home- Many people buy land having the purpose of building their dream home on it. This is especially ideal for the high end constituents of the society with enough money to construct a house of their dreams. Aside from the personal benefits of putting up a house for purposes of staying in it, the value of that very land is sure to go up in value with a nice home built there.

Land itself is a perfect investment- The most important intention people put money into land for sale in Kenya is purely for investment. Land, being an appreciating asset entails that the property value would go up as time goes by. People who have a long-lasting plan could potentially make cash by buying land, waiting for the value to go up then reselling it for a higher profit.

Agricultural purposes- Most lands in Kenya are incredibly fertile and support farming activities such as crop growing and cattle keeping. An individual can buy land for either subsistence farming and also for large scale farming of crops like maize, tomatoes, cassava, vegetables and many others. One can also engage in widespread production of timber and sugarcane. An investor can’t just fail with farming in Kenya since agriculture is the primary source of food and livelihood in Kenya.

Conservation- Some environment conscious people buy land for the sole reason of conservation purposes. This is usually performed by buying large tracts of land and thereafter fencing it and maybe plant trees in the said land. This reason for buying land provides more moral than financial gain, though monetary gain may often be accomplished.

Land is a tangible asset- Investing in lands in Kenya is among the safer categories of investment in that it is extremely stable, with the fluctuating economic standing.

Get a plot in Riat estate and get to explore various investment opportunities in land for sale in Kisumu

11Riat estate in Kisumu is situated beside Mamboleo, in the area of the Kisumu-Kakamega highway. It is a hilly estate with a great potential for any kind of investment that anyone might need to run. This is an area that any serious investor aiming to spend on land for sale in Kisumu cannot just ignore. The area has quite a unique versatility in that it is able to support various investment ventures namely; agriculture, hotel business, hostels, business complexes, villas and on top of all these, it is one of the best destinations to build up a personal home. Riat estate is increasingly boasting of a new kind of neighbors, mostly characterized by moneyed individuals and real estate property investors with a vision for affluent urban living designs.

The hotel business is primarily very suitable in this region considering its quietness, serenity and also its magnificent view. With more developed hotels within the region, like Ukweli resort already thriving, the area is basically a promising site for hotel business. A lot of people looking for hotel services usually seek the out of town setting and that’s actually what Riat hills entail. The picturesque view of the estate only serves to boost its capacity and credential to sufficiently host and accommodate the hotel industry.

The area is also suitable for construction of villas, cottages or perhaps holiday homes. The setting of Riat hills can offer a good day or two holidays or perhaps even a family outing. Serious property developers with good money to boost them can venture into this fresh idea that is yet to actually be fully utilized. Already, a Swedish real estate property developer, Coromandele Investment Limited has set pace within the area for this form of investment with an intention to set up luxury Swedish designed villas to be known as Hills villas.

Homes Africa, a listed real estate firm is also all set to set up gated community within the same area on a 72-acre piece of land some of which it’s still supplying to buyers wishing to build holiday homes. The venture of villas and holiday homes is slowly picking up in Riat and it’s just a matter of time before it reaches its peak. Therefore a wise investor should rush for a piece of this part of land for sale in Kisumu in anticipation for the expected boom in business sooner or later.

Rental apartments are likewise viable venture in the Riat hills. With more affluent people moving into the neighborhood, there is absolutely going to be a demand for rental units for the high income earners who are still not ready to build their personal homes. Already, some real estate property developers have moved in and constructed units in order to accommodate such clients. A good example is the Victoria hills apartments, which is a gated community being inclusive of 24 units.

The higher population in the area will create a need for a shopping complex, thus the demand for commercial buildings.

Factors that enhance development Kisumu land for sale

11Kisumu County is amazingly filled with natural resources, land being one out of those. Most lands in Kisumu County are not being gainfully utilized. There are various lands lying fallow in some regions of the County. Furthermore, a number of mud houses are still erected in very prime lands in areas like Manyatta, Nyamasaria, Obunga as well as some places in Migosi. This is wastage of land which might otherwise be bringing in an incredible number of cash. There’s need to convince and resettle owners of such lands to make sure that serious structures can be placed in place of the mud houses which are currently built in such lands. These plus other numerous large tracts of land lying fallow happen to be among the available land plots in Kisumu land for sale.

Investors who have previously pitched tent in Kisumu County have enjoyed working in the region and also in the end, encouraged other investors to come and invest within the lakeside region. These factors make Kisumu land for sale favorable to investors;

Affordable prices- Lands in Kisumu are fairly cheap and affordable. The price values are friendly to investors meaning that investors are in a position to get back a return on their money quickly. It’s simply because lots of the lands are located within the outskirts of the town thereby being fairly cheap.

Suitable for farming- Majority of land in Kisumu region are considered to be very fertile to support agricultural activities. These lands which are suited for agriculture are located in remote areas within Kisumu County and hence come at a fairly more economical price in relation to those in cities. There’s also available marketplace for the majority of these farm produce. Accessibility of these areas makes transportation of farm inputs and products to and from the farm easy and convenient.

Strategic location-Kisumu County is adjacent to Lake Victoria and so has the beach view which happens to be a sight most tourists prefer. For the individuals who prefer an out of town view or feeling, you will find places like Riat located on the hill tops which also offer a good view and ambience. Most Kisumu lands for sale aren’t prone to natural catastrophes like flooding, droughts and very heavy rains, thus a risk-free haven for farming.

Most lands are on a freehold basis- A large number of lands in Kisumu County are on a freehold basis. As soon as you purchase the land you become the absolute owner and you’re not required to pay any extra charges in future like land rates. This is usually appealing to most investors since you can go ahead and do anything on the land as soon as you have purchased it. This is unlike lease hold lands whereby the government can occasionally dictate what you should do on that particular land. The government may even fail to renew the lease in case you have not been doing anything it deems constructive with the land.

Be quick and acquire a piece of plot in Kisumu to partake of these advantages that you get with Kisumu land for sale.