Why Environment is a Major Factor in Real Estate
Real estate is a sound investment, and it is advisable to consult a realtor or real estate consultant before investing in any location.
Seline Nyangere
The future of real estate in Kenya is quite promising, driven by the investments of many foreigners and people in the diaspora. Despite the rapid growth of the real estate business in Kenya, there are certain factors that a buyer or investor needs to consider before investing, with environmental considerations being a major one.
Most buyers instinctively focus on location when investing in real estate, often overlooking the broader environmental context. Environmental considerations are frequently ignored by buyers, yet they are crucial when planning a real estate investment. Here are some key environmental factors that should be taken into account:
1. Sustainability
Sustainability refers to the ability of a real estate investor to build a home without adversely impacting the existing ecosystem, including local wildlife. Environmentalists advocate for sustainable homes that reduce carbon footprints, minimize electricity consumption, and protect natural resources. Investing in sustainable properties not only benefits the environment but can also lead to long-term savings and increased property value.
2. Water and Air Quality
Access to clean water and fresh air is essential. Locations in Kenya with clean air and accessible water are in high demand, as no one wants to live in areas with polluted air or insufficient water supply. Properties in these areas may be more expensive, but the health benefits and quality of life they offer make the investment worthwhile.
3. Climate
Climate change is a significant concern in Kenya, and its effects on the environment are profound. Investors should consider areas with mild, warm winters, which are more accommodating year-round. The population density of the area is also important; it should be moderate, neither overcrowded nor too sparse. It is advisable for buyers to assess how the area handles extreme weather conditions, such as droughts and heavy rains, to understand the impacts of climate change.
4. Topography
Kenya has recently experienced heavy rains, leading to flooding in some areas. Therefore, investors need to consider the topography of a location before investing. Areas with flat topography are generally more desirable, as improper topography can lead to flooding and other environmental issues. Ensuring the land is suitable for development can prevent future problems and protect the investment.
Real estate is a sound investment, and it is advisable to consult a realtor or real estate consultant before investing in any location. Environmental considerations should be a priority to ensure the long-term viability and success of the investment.
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