How To Make Money with Your Speculative Plots for Sale Kenya

How To Make Money with Your Speculative Plots for Sale Kenya

How Kenyan Nurses in Diaspora, Kenyan Somali Diaspora in Minnesota and other Kenyan in Diaspora can utilize their speculative plots.

Buying land is a great achievement for many in Kenya. Land is an asset with which you can do a lot of things and grow yourself financially. If you are a savvy investor, today’s blog is an interesting read because I will explore speculative plots and how you can revolutionize your investment goals and bring in profit. You will be amazed to learn how much your raw land can make for you even before you come up with long-term development plans. Let’s get started, but first, what’s speculative Plots for Sale Kenya?

What is a Speculative Plot

This is a vacant piece of land bought with the intention of developing or reselling it later. Speculative plots are bought by investors who want their capital to appreciate over time; hence they are different from a piece of land being bought for immediate use. With this speculative strategy, you can secure plots in prime areas such as Malaa, Joska, Kamulu, and Juja Farm before their demand or prices go up. Another word for investing in speculative plots is land banking.

Advantages of Investing in Speculative Plots

With the right knowledge, speculative plots can be lucrative for land investors. The main keys to a successful speculative land investment are due diligence and hard work. Let’s dive into the benefits of speculative land investment.

  1. Affordability

Unlike an already-developed plot, a speculative one is a more affordable long-term investment. That’s because the property taxes and fees are less for speculative plots than for developed ones. Also, it’s easy to get speculative plots, whether in urban or rural areas. If you are looking to enter into real estate, speculative plots would be the best investment option, especially if you don’t have enough investment capital.

2. Control and Flexibility

Speculative plots don’t limit investors. Once you attain ownership, you are free to do anything with your piece of land. It is you to decide how to use it, and this makes it possible for you to choose the trending market and exploit the selling opportunities maximally.

3. Diversification

If you have other developed plots, speculative plots will be a plus in your investment portfolio. They will diversify your investment risks by providing a balance between the immediate income from your developed plots and the long-term appreciation of your speculative plots. This way, you will be more assured of long-term investment returns.

4. Low Maintenance

Speculative land is generally considered a ‘hands-off ’ investment. Typically, it requires very little upkeep from you, unlike a developed one. This is more true if the land is not affected by natural issues such as erosion and flooding. Depending on the type of land, you may just leave it as it is or have it mowed. The beauty of a speculative plot is that it can remain in the same condition for a long time while still increasing its value.

Top Four Business Ideas for a Speculative Plots for Sale Nairobi in Kenya

Now that you know the benefits of speculative land, you may be wondering which are the best business options. Don’t worry; below is a brief mention of some of the business ideas you can explore and make money on your speculative plot.

1. Warehousing

If your plot is in a highly developing area like Kamulu, Joska, Syokimau, or Kitengela, you can make good money through warehousing. People are looking for places to store their goods in these towns, and you can take advantage by setting up some warehouses. This is a good opportunity for earning money on your speculative plot if you dont have immediate development plans.

2. Event Hosting

Events are always happening everywhere in Kenya, and if your plot is in a highly populated area, you can let people host their events on it at a fee instead of lying idle. Groom your plot to make it likable and partner with people in other industries to get services such as tent hire, sound, and catering, among others.

3. Leasing

The land is in high demand in Kenya, and you will always find someone willing to lease your land. This is more so if the plot is in a commercial area. You can lease it out at a fee for a specific period. However, ensure you have a written agreement to avoid future conflicts.

If you are seeking to maximize the growth potential that real estate in Kenya boasts, investing in speculative plots is a rewarding decision. It also offers an assurance of long-term security.

At Denver Group Limited, we have plenty of speculative plots with ready title deeds. Contact our customer care desk or visit us in our offices and secure your future.

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