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3 Factors to consider in a property for sale in Kenya

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3 Factors to consider in a property for sale in Kenya

Home buying can be a daunting process. There are so many things to take into consideration, and it’s easy to get overwhelmed. But because of this, it’s also important to make sure you are being mindful of the things that matter most in your property. This article will cover three must-haves for a property you’re buying: Location, size, and price.

Property marketplace in Kenya

Location:

The first and most important thing to consider when choosing a property is the location. It can be easy to get caught up in the excitement of buying a new property and forget that this is, in fact, your dream house or land. Now it’s time to make sure you’re making the right decision.

Location determines how easy it will be for you to get around town, what type of neighborhood you’ll be living in, and other aspects related to living close by like commuting costs or proximity to family or friends. Location also determines what type of activities are available nearby, amenities that would make your life easier.

But what else matters?  Let’s look at size.

Best property location in Kenya

Size:

House size does not necessarily determine the decision to buy a property but the size of the land definitely does. A variety of factors are taken into account when it comes to deciding on buying a property based on the size, such as the type of house, location and what you can afford. The average property size for a house in Kenya is 2,422 square feet.

Price

If you are planning to buy a property, it is vital for you to know the market price of that particular locality. The prices can change from one suburb to another and also on the basis of amenities available in the area. It is important for you to keep track of these factors before signing on the dotted line.

The price of the property depends upon multiple factors and there are various methods of determining this price. A popular method is comparable market analysis (CMA) which is a statistical method that allows you to gauge the average prices of several properties in a particular area. You can get this information from several real estate agents who also help you with various other factors such as legalities etc. You can create a list of properties for sale or for rent in that area and then make an evaluation.

Armed with this information you can comfortably browse through the current properties for sale in Kenya.

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