Author: John Ntende I recently grappled with a decision of whether to buy a piece of land or to put the cash in a unit trust or mutual fund instead. This article is inspired by this conundrum. Ultimately whatever you decide to do will depend on your unique goals and circumstances.Deciding between buying land or investing in a unit trust depends on several factors, including your financial goals,...
In the last article we went through ‘how to find out if the seller of a property is indeed the seller’. Today we want to find out about the second dimension – the property: Our task here is to match the property to the seller. How can we achieve this? 1. Search: Ministry of Lands and Housing at the different Zonal offices keeps a record of every transaction that pertains to land.Before you...
Good day, Following the last two editions on how to buy the right property, today we sail into the last and rarely taken note of – the economics! So you’ve checked the seller out – tick. Checked the land is legitimate – tick. Now is the time for us to waddle into the economics of it. Why are you buying that particular piece of property, anyway? What is your objective? Can you meet your...
Over the last few weeks we’ve been looking at how to ensure your purchases are fool proof. Today we wish to explore some more seemingly obvious points but which are sometimes ignored. Lets go: 1. Road access: seems very obvious but always make sure there is a designated access road to the plot. And more importantly verify that this road access is captured in the blue print. Just seeing a road leading...
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