“Ninety percent of millionaires become so through owning real estate.” 

~ Andrew Carnegie

 

Diversifying your real estate investment is a wise strategy that not everyone instinctively grasps. As the global population continues to surge, no new land is being added to meet this demand. In fact, we are losing land mass due to rising sea levels, according to the US-EPA. This scarcity creates a unique, guaranteed-demand in real estate, leading to consistent value appreciation.

To help you exploit this lucrative opportunity, we have put together this list of the four must-have properties that will guarantee you prosperity in real estate and enable you to build generational wealth. Each of these properties serve their own individual financial and strategic purpose. From personal living-spaces that bring a sense of pride, belonging and security to you and your family, to acres of farmland that you use to grow food for an extra income stream and food security.

 

Start with what you have, and gradually replicate this wealth-building plan until you reach the heights that your dreams aspire to.

 

Residential Property: Somewhere to Build Your Home

This is a plot or land where you will build your primary residence, or vacation home. This becomes a sanctuary that reflects your lifestyle and personal needs. Purchasing a home might serve the same purpose, but building one means that you can have all the custom needs etched into the design.

Owning a piece of land where you can build your dream home offers stability and a sense of belonging. It’s a long-term investment in your life and can also appreciate over time.

The key considerations to make are:

- Location.

- Accessibility to amenities (Schools, hospitals, shopping centers)

- Potential of future growth in the area

Check-out some ideal residential properties in Kenya here.

Commercial Property: Somewhere to Develop Commercially

After you have acquired your residential plot, the next priority item is a commercial property. It doesn’t necessarily have to be in a large town/city, what matters most is the potential for growth over time. This piece of land is intended for commercial development, such as retail spaces, office buildings or mixed-use developments.

Commercial properties are crucial because they serve as a steady revenue stream through rent and lease. They also possess the highest potential for significant value appreciation, making them a strategic asset that can be used as collateral for funding.

Location is critical when it comes to commercial properties. Proximity to busy areas, ease of access and visibility are essential factors that contribute to the success of the property. ‘Corner plots’ in particular, are highly sought after due to their exposure to multiple access points.

 

Staying informed about upcoming commercial properties worldwide can give you a competitive edge in this lucrative market.

 Investment Property: Somewhere to Prospect

This particular land is bought for future development or resale. It is held with the expectation that it will appreciate over time. This can be bought over a long time, such as the use of investment groups, co-operatives and other groups that share the same interest. This makes it cheaper due to bulk-purchase, and therefore more affordable.

The property offers a chance to benefit from the rising value of land, buying cheap and selling high when the time is favorable.

It is even better when you know how to make the land increase in value since you can recoup your money sooner.

 

Researching on emerging markets, infrastructure developments, and urban trends is key in gaining knowledge as to where you will acquire your investment property. Having patience and a keen understanding of market dynamics are essential in order to successfully execute the transaction to completion.

Agribusiness Property: Somewhere for Farming/Out-of-Town Activities

As they say, farming is among the most purposeful ways of creating wealth. This property is set aside to develop agricultural ventures. It could be any size and and should be located in favorable areas depending on what one wants to set up. 

With a myriad of activities that include but are not limited to: growing crops, raising livestock, or engaging in other out of town activities such as eco-tourism and agritourism, this property is an asset that can be used to push your strategy by miles ahead.

It provides you with both an income and a retreat from urban life for those living in urban areas. These are opportunities for sustainable living, food production and a connection to nature.

 

The key considerations to make include soil quality, prevailing climatic conditions, and proximity to markets for selling produce. Farming requires dedication and passion, therefore you should consider your lifestyle as well.

In conclusion, acquiring these four types of properties will most likely set you up for success. The beauty of this approach is its accessibility—it doesn’t have to be expensive and can be implemented by anyone committed to growing their wealth exponentially.

 

Are you one of those people? If so, we can help you replicate this foolproof system for achieving financial freedom. With our expertise in market research, we identify areas with the highest growth potential and pinpoint the optimal times to buy or sell. By working with us, you can secure lasting prosperity. Sign up today to start your journey.