Last week we saw why all serious real estate investors should be visiting Ruiru, not just for the tasty roast meat at Kamaki’s or fish at wakalucy (pronounced wakarucy) but more importantly for its investment potential. Click here to read part 1 of this series. I would like us to zoom into different parts of Ruiru and see whether there is an opportunity or not. We will look at the history, present and...
2brm Kshs 4M
If you are buying shares, you would normally want to have an analyst to tell you which shares will give you the best return. Better still, you would like to know which shares your stock broker is buying. "Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight. Daniel Drew". Allow me to analyse an opportunity for you and give you insider information. Let’s use a...
With the new normal and reality that Covid 19 has introduced, we need to be versatile and not act "normarrry" even when it comes to spending the little money that's still circulating in the economy. We all know of a person or family that has had to move out of their nice apartment to a cheaper place or even back to shags. Things are thick and we still don't know how long it will take for the economy to...
At various stages in life, there are certain things that you consider as a "rite of passage". Let's take a few examples When you are in high school, you want to finish and go to the university. When you are in the university, you want to graduate and get a job. When you get a job, you want to buy a car and get married... in whichever order. When you get married, you want to get kids. When the...
"Hedonic" literally suggests that the buying of the target property, and hence living in it, is a source of "pleasure". The better (and hence more expensive) the property, the higher this specific notion of real estate pleasure, stemming from property characteristics leading to such sensations: a nice view, proximity to services and pleasant life, the presence of an elevator, safe and sufficient parking...
Let us define the two scenarios Consumer good Looking at home ownership as a means of satisfying an immediate need, e.g., I want to be close to a certain school, or a certain office etc Buying or building a property that will NOT appreciate in value. Read how stand alone houses depreciate in value and how apartments depreciate in value Realizing that by the time you pay off the loan / mortgage...
Today we look at stand alone houses. Recently we saw how apartments depreciate in value. Read more about that here Scenario 1 John* builds a stand alone residential house in an uncontrolled area with the following neighbors. Single rooms made of iron sheets on one side A hostel with 6 floors towering over on the other side A church on the other side A boda boda stage on the front side. He...
For about a decade, I have worked as a valuer (some pronounce it as varier, others varuer). Click here to learn more about what a valuer does. I have seen properties appreciate in value from 1m per plot to 10 million per plot in 10 years. I have also seen properties (both stand-alone and apartments) lose value from 12 million per unit to 7 million per unit in 10 years. What went wrong for the person (Call...
Recently, a friend called me (let’s call him James) and said that he was coming to Thika road and that I should go and help him check out an apartment that was on sale. I went and found him looking all excited that he had found what he had been looking for. An affordable apartment in a block of 3 floors is located in a master planned estate with the following features; many green spaces complete with...