So, you’ve found the perfect piece of land and are ready to take the next step toward ownership. Congratulations! At Nyota Njema Real Estate, we understand that buying land is a significant investment, especially for first-time buyers. Before you sign those papers and make the payment, here are 10 essential questions you should ask to ensure a smooth and secure transaction.
Is the Title Freehold or Leasehold?
Understanding the type of title is crucial. A freehold title gives you indefinite ownership, while a leasehold title grants you rights for a specific period. Always verify the title type and ensure it aligns with your long-term goals.
Where is the Land Located?
Location is everything!Visit the property to assess its physical condition, including the slope, drainage, and proximity to social amenities like schools, hospitals, and shopping centers. A good location adds value to your investment.
Is There Access to Water and Electricity?
Ensure the land has access to clean water and reliable electricity. Confirm the proximity to water sources, drainage systems, and power lines. These utilities are essential for both residential and commercial development.
Why is the Land Being Sold?
Ask the seller or agent why the land is on the market. Gather information from neighbors or local residents to ensure there are no hidden issues, such as disputes or environmental concerns.
Who Am I Dealing With?
Confirm whether you’re dealing directly with the landowner, a property agent, or an authorized third party. Ensure the person receiving payment is legally authorized to do so.
Are There Any Land Use Regulations?
Ask about local regulations governing land use. Is the area a controlled development zone? Are there restrictions on building height, design, or purpose? Request written evidence to avoid future complications.
What is the Accurate Size of the Land?
Verify the exact size of the land by conducting a search at the land registry. Sometimes, the size on paper may differ from the actual size on the ground.
Has the Land Been Surveyed?
Ensure the land has been professionally surveyed. Look for boundary markers or beacons and cross-check with a licensed surveyor or attorney to avoid boundary disputes.
Are There Additional Charges?
Inquire about any extra costs, such as land rates, security fees, or road improvement levies. Understand the exact amounts and payment schedules to budget accordingly.
What is the Payment Process?
Clarify the payment method. If you’re financing the purchase, understand the interest rates and repayment terms. For cash payments, confirm the official bank account details to ensure a secure transfer.
At Nyota Njema Real Estate, we’re committed to helping you make informed decisions. Whether you’re a first-time buyer or a seasoned investor, our team is here to guide you every step of the way.
