There are several reasons why investing in real estate while living in the diaspora can be a good idea. Here are a few samples you need to consider.
1. Diversification: Investing in real estate can help to diversify your portfolio, which can reduce your overall risk. This is especially important if you are heavily invested in stocks or other financial instruments that are subject to market fluctuations
2. Passive income: Owning rental property can provide a steady stream of passive income, which can help to supplement your income while living in the diaspora.
3. Asset appreciation: Real estate values tend to appreciate over time, which means that your investment could potentially increase in value. This can provide a good return on your investment in the long run.
4. Potential tax benefits: There may be tax benefits to investing in real estate, depending on your specific situation. For example, you may be able to claim deductions for expenses related to the property, such as mortgage interest and property taxes.
5. Control over your investment: When you invest in real estate, you have more control over your investment than you do with stocks or other financial instruments. You can decide how to manage the property, whether to rent it out or sell it and what improvements to make.
How to identify a trusted Real Estate Company to invest in back in Kenya
There are a few ways you can identify trusted real estate companies:
1.Look for companies that are licensed by the state in which they operate: This ensures that the company and its agents have met the necessary requirements to do business legally.
2.Check if the company is a member of a local or national real estate association, such as the National Association of Realtors (NAR): Membership in these organizations often requires adherence to a code of ethics.
3.Look for companies that have a good reputation in the community: You can do this by asking for recommendations from friends, family, or colleagues, or by reading online reviews.
4. Consider the experience and qualifications of the company’s agents: Are they knowledgeable about the local real estate market? Do they have a track record of successfully helping clients buy or sell properties?
5. Ask about the company’s policies and procedures: Do they have a process in place for handling complaints or disputes? Do they have systems in place to ensure that all transactions are conducted ethically and in accordance with the law?
Ultimately, the best way to determine if a real estate company is trustworthy is to do your due diligence and research the company thoroughly before doing business with them.