One day in my usual site visits with a client who had just flown in from Usa, we went down to Ngoingwa estate to see some plots on sale in Thika.
As we were going around the estate, my lady client was overwhelmed by how developed, accessible and habitable Ngoingwa estate had become. She narrated to me how she never thought that the estate would become such a prime real estate as it is now having been there before leaving for American to look for greener pastures.
“This place was one large neglected coffee farm, with no roads, no houses and very unkempt coffee bushes’’, she said. You wouldn’t dare venture here for any business as it was considered very insecure, she would add.
“Fortunately for me, then, the price was affordable at only Kshs 15,000/= per plot. But the most unfortunate bit was that I didn’t see beyond the problems and as such I didn’t buy any plot even for speculation against my dad’s advice to do so”.
Why didn’t you buy the plots then? I asked inquisitively.
And here are some of the main things that you should consider before buying a property.
- Location: As they always say, location is key in real estate. Get to understand where the property is in relation to other developments, main roads, sewer lines, power and piped water.
- Size: Plot sizes finally affect the final outcome of the whole estate in relation to affordability, development and price appreciation. Too small plots lead to a congested development while too big a land leads to affordability issues.
- Accessibility: Consider the distances to the main tarmac roads, the access road, road layout and ease of movement within a certain estate, now and in the future.
- Social amenities: Are there amenities in place? If not, are there elaborate plans to develop the same? Find out before committing your money.
- Budget: Is your budget flexible or fixed? How much are you able to afford without straining too much? This will inform your decision on where to go for plot hunting.
- Intended use: What do you intend to do with the plot? Is it residential? Commercial? Mixed use or agricultural? Know what you want the property for.
- Potential; Will that road in the neighborhood be developed soon? Will that port be built? Will a market nearby develop? Will that university be a game changer? Etc. Look for signs of potential in the property that you want to buy. It’s very important to say here that some potential will be obvious while other might not be plain to the eye.
This is makes all the difference in property investment.
For prime properties on sale in Ngoingwa Estate, kindly get in touch with me on 0725 664 715 or Email: firstname.lastname@example.org.
Written by :Joel Mwangi Kuria| Director Enjoy Properties