4 Advantages of buying land in acres

Real estate investment has proved to be one of the best areas with a high return on investment. Today we dive into land buying and the advantages of buying land in acres.

Land sizes vary from plots measuring as less as 30by60, 40by80, and 50by100 which is equivalent to an eighth, quarter acres, half acres, and acres. The sizes mentioned are all ideal for investment depending on.

Location: In areas like Nairobi County since the land has been scarce and in high demand mostly you get plots ranging from 40by60 to 40by80 whereas in areas on the outskirts of Nairobi, you can comfortably get an eighth and more.

Use: When buying land you consider its uses which vary and are not limited to residential use, commercial farming, renting for business, and so on. Different sizes of land serve differently depending on the use.

Price: As mentioned in point number one demand and scarcity come at a price as much as you would wish to invest in big portions if the location is prime you might be forced to settle for smaller portions.

Considering the above below are the advantages of buying land in acres.

Over the years people have embraced moving from inherited or native land to buying land as assets. Areas within Nairobi Metropolis are ripping big from the city’s expansion not only that people who acquired land in acres in these areas are in the front line.

As an investor in real estate buying in acres have the following advantages.

Appreciation Rate

Land within Nairobi metropolis increases at list with 30% per annum. A person owning an eighth has the advantage but one owning acres rip bigger.

Resale Value.

It’s easier for real estate companies and manufacturers to approach you for a decent-sized piece of land over time and this gives you a high return on investment.

Future Demand

As areas grow investors consider getting land in acreage to do major projects like ready houses or malls

Bargaining power

Just like any other product. Items sold in bulk cost way less than in retail huh

If you have money, especially for speculative areas it’s advantageous to buy land in acres over the highlighted reasons.