Until
now land has remained the biggest real estate investment. It is an investment
product that does not stale in any way. Many people who have explored this
investment option have no business stocking their money in the bank where it
doesn’t earn any meaningful dividend. I have over the years met smart investors
to whom I have learned a lot when it comes to vacant land investment. And just
to open your eyes, in late 1990’s one of these investors bought land along the
flood areas of Kano plains on the busy Kisumu Nairobi highway. By that time no
one ever wanted to look at that area as a place for investment. And as it is
the norm, when he was buying many parcels of land along that area, people
rebuked and mocked him as one with shallow business ideas. He did not mind the
insult and continued with his business idea of buying vacant land in the
economically wrong places according to the views of many.
To
cut the long story short, those land he bought in 1999 at less than 10,000 an
acre are today 18 years down the line of investment are fetching over 2.5milion
an acre. Does that raise your eyebrows? I thought you were among the group of
advisers who wanted him to look elsewhere for investment then! What point am I
passing across, real estate in Kisumu is full of surprises for the good of
those who have mastered the real estate business. There is money in the vacant
land investment. All you need to do is to remain focus and never be swayed by
onlookers. If this investor in 1999 bought 20 acres of land at only Kshs.
10,000 each (Kshs. 200,000 then) and today he is disposing the same at Kshs.
2.5milion, his gross income will be Kshs. 50milion. That is Kshs. 231,000 every
month in the last 18 years. And just for the avoidance of doubt, the capital
was Kshs. 200,000. Was that a bad investment idea as was lauded by many then?
I
believe that by now if you have been following keenly the tone of this article,
you probably want to ask certain questions. If you are you are indeed justified
and we are always available to help you change the course of history. Realestate in Kisumu is an avenue for prosperity in the region. And it is never too
late to start today. The best way to start is by acquiring parcels of vacant
land and just like you could put some of your excess money in a fixed deposit
account and earn just a meager 1.5% of your investment annually, you can be
smart and torn to vacant land investment for real productivity in real estate
business Kisumu chapter. The wait and see categories of investors will always
be there to tell your story, but you must not be the one to tell other people’s
stories of success. Be the one to whom successful investment stories are told.
How do you make that happen? Talk to the professionals at West Kenya RealEstate today.
