Advantages Of Owning Land As A Chama In Kenya
In these modern days, land has been commercialized to form a key aspect of economic development. Both the public and private sectors have shown great interest in land banking and infrastructural development.
Organized social investment groups, famously known as Chamas, have an opportunity to benefit from land ownership.
Below are some of the benefits that chamas benefit from investing in land:
A chama may position itself to benefit from the profits of land banking, hence growing its capital base to transform the lives of its members. Huge Return on Investment (ROI): According to the Global Property Guide Kenya, the value of residential property is on the rise. This translates to a rise in the cost of housing; hence, a Chama can get huge returns on rental property. Just by considering investing in apartments, they will get monthly returns that they can easily distribute amongst themselves or even use to grow their group with other projects they may agree to set up.
Easy Accessibility to Key Amenities
Some property providers ensure that their clients are availed of the very best, thus by giving them easy accessible roads to their properties, ensuring that there’s electricity on site, perimeter walls as well, playing fields, and learning institutions, amongst many other things, you see, this is an added advantage that they initially didn’t have but will now have.
They Get an Opportunity to Speculate
The Chama, or group of people, would have the option of purchasing land, holding it to accrue value, and then considering selling it afterwards when its value has appreciated.
A Chama may position itself to benefit from the profits of land banking, hence growing its capital base to transform the lives of its members.
They Get To Enjoy after-sale benefits
A Chama will ensure that its members benefit from after-sales services. A good real estate company takes up services such as title transfer, project and property management, and project management.
An after-sale service is basically assistance that a company gives to its clients after they’ve purchased a product or service. This helps in strengthening relationships between the customers and brands as well as encouraging referrals and word-of-mouth marketing.
Title deeds act as collateral
A group title deed may be used to access bank loans as collateral, thereby increasing the financial bargaining power of groups.
A title deed can act as collateral for a loan, which means that the lender can sell the property if the borrower fails to repay the loan. Quite a number of lenders in Kenya accept title deeds as collateral.
At AMCCO Properties Limited, we accept purchases from groups and overtime we have nurtured a huge community of land buyers through group purchases.
Hence, we continue to embrace groups interested in purchasing land within the Nairobi Metropolis Area and assure to deliver the best value at affordable prices.
For more Investment land tips with you call us today via 0701 293 199 or email us at: amccoproperties@gmail.com.
