Hello Retirement!
“Retirement is your reward for decades of early mornings, late nights, and doing ‘just one more thing.’ It’s when you finally get to live life on your own terms—travel, learn, relax, repeat. But let’s be real: freedom isn’t free. That’s why your financial game plan matters just as much as your travel itinerary. Because those dream years? They’re only dreamy if the bills aren’t a nightmare. Retirement should be about living fully, not worrying constantly. That’s where smart planning, and maybe a little real estate magic, comes in.
Considerations when making a Real Estate Investment
Location of the property – should be a high-demand location.
Security of the location – low crime areas.
Accessibility of the location – makes it easy to live in.
Social amenities – to cater to the various needs of the community living within the location.
Availability for tenants when dealing with rental properties – the rental properties must be located in a high-demand area.
Affordability – meant to ease financial strain.
Taxes involved- for compliance with the law.
Risk related to Real Estate investments
When it comes to rental properties as a source of income, a landlord may face some challenges, including:
Defaulting tenants – Difficulties in the collection of rent due to defaulting tenants
Excessive maintenance costs– if not well handled, a landlord may end up spending quite a lot on maintenance costs of the rental properties, which may end up draining the accumulated wealth.
Fraud – due diligence should be conducted when looking for investment opportunities in real estate matters to ascertain that the transaction is not only lawful but also that the sellers of the properties are authentic, capacitated, and the rightful vendors of the properties.
Conclusion
The idea behind having various income streams especially when thinking about retirement is to have peace of mind throughout retirement. Real Estate is therefore an ideal investment opportunity for diversification of one’s investment portfolio with a possibility of long-term income generation, especially with the appreciation of property with low risk and high returns. At Property Boutique, we pride ourselves as a one stop shop characterised by experts in matters Real Estate.
Author:
Muthoni Muriithi – Legal Officer
Disclaimer
This article is intended for general knowledge only. It does not create and/or imply any kind of Company-Client relationship between any reader and Property Boutique (E.A) Limited. For expert advice on Real Estate Investments, please contact us through ymuriithi@propertyboutique.co.ke
