One of the best ways to secure your future as well as that of your children is by buying land.
The value of land appreciates typically.
Unlike other investments in the country, land prices are ever rising.
Investors are now rushing to own pieces of land across the nation.
Here are crucial things to know before buying land:
1. Land is a long-term investment
Do not expect to get back your money immediately.
While buying land, know that you are making a long-term investment.
The value of the piece of land will increase over the years.
You can also start other investments on the land such as farming among others.
2. Pay cash, if possible
Land appreciates. Pay in cash if you do not want to part with extra money to fully settle the price.
Land bought on cash is cheaper compared to instalments.
3. You’ll need water
The best piece of land is one located where water is not a problem.
Most people want to settle where water is readily available.
Ask yourself where you will get the water before buying land.
4. Security is vital
No one wants to live at an insecure place.
Analyse the security of the place before purchase.
Avoid areas with high crime rates.
5. Transport is equally important
Consider the transport network of the place you want to buy land.
Always look for a place where there is a good road network.
An airport or railway network could be an added advantage for the piece of land you want to buy.