#Tips on Property Investment
Michael O. Okello
Legal & Sustainability Policy Scholar | University of Nairobi @Kenya School of Law| MSc, LLB B.A || international law, Real Estate, Commercial, IP Law @Author #Living A Fruitful Life
Property in land is a concept we are all familiar with. Investment in Property requires more than we can ever do on our own.
Is it proper to plan for what money you have or design a project first before you look for financing? Whichever way, you will definitely need to go through deliberate steps and processes, some linked to the other; namely:-
- Quantity Survey and a budget plan (cost analysis)
- Land survey and site Analysis to verify physical, technical and aesthetic attributes of an identified site
- Due diligence, in establishing the legal rights, interests and obligations to the world including, the National and County Government with respect to the Title Dead and relevant transactional data available.
- Scenario Analysis to visualize and interpret Real estate investment options).
- Land use planning, by a land use planner specialist to help in rationalization of land use and its physical allocation,
- Development design and land scaping to bring out rationalized portions and components to real life, land scape layout and design of the artifacts there upon!
- Finally, a (pre)feasibility study and project cycle analysis will help you see affront and envision the Highest Best Use of your land based investment.
Therefore, before setting out and starting, you will need the professionals besides the professional you are to fine tune this priorities and make just the best decision.
As much as it is better to make a decision rather than make none, it is a superb 'decision' to make a prudent, informed and apt decision.
Pitch your preference and always do it right the first time. Always do this with a professional....
Go for it, and seek help to be helped