After people have built, owned land for other purposes like farming, setting up business empires they seem to be comfortable and are reluctant to invest in acquiring more land. But even then if you don’t have any land yet, like any other asset you can buy and own land as an investment opportunity to profit and grow economically.
So don’t look at acquiring land today only for development but as a potential investment.Investing in land is not a preserve for the rich and famous but it’s for everyone but like any other investment it requires yourself to take time and educate yourself and learn why land is a fantastic investment.Here is why land provides the best investment opportunity.
First of all land increases value; 10 years back a person who bought a 50 by 100 ft land in for example Kyarwabuganda at Shs 3 million will be selling this piece of land at Shs 6 million. But in the next five years the same plot can go for 10 million. So investing you money in land is a sure way to reap highly in future.Land is also an appreciating asset because of limited supply and increasing demand.
Like in Mbarara city is increasingly becoming a limited resource because of people entering to settle and work here, but also developments like hotel and accommodation and industries. This makes land here where the population is increasing now a very attractive commodity. This automatically means land will inherently increase in value as the demand grows for this limited asset.
So as an investor it’s no longer a question of whether or not land appreciates but rather how much it will appreciate.Land is an investment that gives you freedom and peace of mind; you can buy land, save in it and hold on it for some time, or turn it in the property you want. Land can’t expire, get destroyed, no extra effort is needed like maintaining and renovating. Land in its natural state will always be valuable.
There are several ways of investing in land and these include holding on land. You can buy land and simply hold on it until the value appreciates, alternatively you can buy land and rent it out. A vacant land can be rented for a business for example you can rent your farm land to farmers, or a piece of land as a washing bay.
Alternatively you can hand it over to a developer and share dividends accruing from developments put there in. But also you can choose to develop the land yourself to increase its use and value. Similarly divide a plot in several plots to increase its value.
Either way the above should give you courage on why you should own or invest in land. The good news is that Amity Realtors still has vacant land in and around Mbarara city. However like any other investment, you need to evaluate your land investment if you want to profit from it.
This is because every investment has investment principles and for land these include where is that land located. The location of land determines how quickly it can attract a market. Also is the physical development plan of the area where that land or plot is located. Is it commercial, industrial or recreation? This helps you to know what can be done here and the potential clients to attract.
Likewise are utilities available, factors like availability of water, electricity add value and influence the overall cost of land. But also try to dig the history of that land you are to invest in, some of the land have issues like conflicts and wrangles and those entangled may wish to sell it quickly. There are lands that fall in flood prone areas.All investments land inclusive has challenges of which land is no exception, and this at most times requires an expert or profession to guide you.
That is why at Amity Realtors we have invested in research on the potential types of land and better locations you can buy in and around Mbarara city but also other key issues in land markets like financing land investment and how to advance in land investment.
We have a new estate in Nyakisharara @ 7MPlease arrange to visit and tell a friend to tell a friend to invest with usOther available estates 1. Kakoma estate (5M) 2. Katojo-Biharwe-1st phase (5M)3. Katojo-Biharwe-2nd phase (7M)4. Katojo-Biharwe 3rd phase (6M)5. Igongo-Biharwe -2nd phase (14M)6. Makenke-rwobuyenje- 100*100 titled -38M7. Rushozi Estate-Biharwe -3.5M
Contact 0777564588/075528289 or visit our website www.amityug.com