How Public Infrastructure Makes You richer in real estate

 


Have you ever heard the advice to buy property in an area the growing, and area with upcoming infrastructure development like roads, markets, factories and offices? It's a smart strategy for a reason! Think about it - the more convenient and livable a neighborhood becomes, i.e. with good roads for access, utilities and job opportunities, the more desirable it is, and that translates to higher property values and for our landlords, higher rent. So, let's explore how different types of infrastructure can impact your property's worth.

1. Transportation: Location and Easy Access!

Let’s face it, we all want to live along a tarmacked road, not just because of less dust but because it makes it easy to use a well-maintained road or highway to get anywhere you are going. The benefits are endless, and good access makes your property more attractive to potential buyers or renters, because convenience is king. Ugandans hate hustling, most would pay more to avoid anything that makes their lives harder.

2. Utilities: Making Life Easier.

Nobody wants to deal with unreliable electricity, water shortages, or slow internet. Reliable access to these essentials makes a property much more appealing. Think about it - fast internet for streaming your netflix shows, clean water for your children to use, and a stable power supply so you don’t have to risk burning the house down with candles - these are the things that make a house a comfortable home. Good infrastructure ensures these services are available and consistent, making your property more valuable.

3. Schools: The Best Education for Your bundles of Joy

I want to give my children everything, and a good school is high top on that list. Like me, many families prioritize living near good schools when searching for a home. After all, you want to be able to easily drop your kids so properties located near high-quality schools and universities are in high demand, leading to increased property values and potentially higher rental income.

4. Healthcare Facilities: Peace of Mind Knowing Help is Nearby

Emergencies can happen anytime, anywhere. Knowing you have access to nearby hospitals and clinics provides peace of mind. Clinics are all good and well but having a good hospital near simply adds more years to your life, literally. Properties close to healthcare facilities are often more desirable and valuable because they offer a sense of security and well-being.

5. Parks, Shopping, and Entertainment: All Work and No Play? Not Here!

Life isn't all about work and fresh water! Having access to recreational facilities like pubs, shopping centers, and entertainment venues makes a neighborhood more vibrant and enjoyable. Imagine being able to unwind at your spot near home after a long day. Your people at home won’t even notice you stopped somewhere before continuing home. You can also buy some bread for the bazukulu. This convenience enhances the lifestyle appeal of a property and boosts its value.

By understanding how infrastructure development plays a role in real estate values, you can make informed decisions about buying or investing in property. You can also take an active role in driving change a lobbying for these projects to come into your area. Remember, the more convenient and livable a neighborhood becomes, the richer you are.


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