Diaspora

This is purchasing of residential properties such as houses and apartments with the aim of getting rental income from the properties. The benefit of this type of investment is it doubles as a home when you need to use it and when not in use, it is rented out. When purchasing residential properties make sure you have done all the necessary due diligence to avoid being conned or misinformed about the property. Ask for the title of the property, the permits necessary for development of the property, the plans for the property, visit the property to ascertain its location and quality of build, verifying the reputation and track record of the developer, and if possible find out the zoning in which the property is in to know what kind of developments are allowed within the location.

Commercial properties are defined by the nature of use by different tenants and owners. They are spaces used to carry out businesses and they include office spaces, retail outlets and warehouses. The most profitable are the ones located in busy areas and urban centers. As an investor you buy or build these facilities then rent them out to businesses.

This involves buying properties in tourist destination location as vacation homes. The benefit of vacation homes are that they still double up as your family or personal retreat. These homes are then furnished and turned into short term rentals commonly known as airbnbs and rented out to tourists visiting that region. This kind of investment majorly relies on tourist traffic and seasons.

When it comes to investing in land it is important to know that it is a long term investment strategy. Land always appreciates and it is for this reason that most investors buy land and hold to it to let it appreciate with time then dispose of it. Another strategy with land investment is buying big portions of land and subdividing the land then selling the subdivided land for profit. Benefit of land investment is it will always appreciates the risks with land is the processes at land registry has brought about delays and in some instances fraudulent people coning investors in conjunction with the registry.

For those looking for potentially higher returns and willing to take on more significant projects, real estate development is an option. This involves investing in the construction of residential or commercial properties. It can be done independently or through real estate investment groups. Returns often come from selling the developed properties or earning rental income.

Kenya has a growing student population, leading to a consistent demand for student housing near universities and colleges. Investing in properties in these areas can be lucrative, especially when managed efficiently. Student housing often provides a steady stream of rental income. Examples are Tsavo developments where you can purchase a unit and they manage it for you or buy shares for Qwetu.

For those interested in agriculture or agribusiness, investing in agricultural land is an alternative option in investing in real estate. It can provide opportunities to engage in farming activities or lease the land to agricultural ventures. This can diversify your investment portfolio. Each of these real estate investment opportunities has its own set of advantages and considerations. The choice should align with your financial goals, risk tolerance, and investment strategy. It’s advisable to conduct thorough due diligence and seek professional advice when pursuing any of these options.