You don't need to own land to become a landlord, let me show you how using a case study. DescriptionWorkingsPlot size50 x 100 or 0.045 ha or 450 sq metersType of houseBedsitters / studio apartmentsNo of levelsOne floorSize of each unit17 sq meters or 193 sq ftCirculation / open space30% of plot size (approximate) 450*0.3 =135 sq metersArea available to build450-135 = 315 sq metersNo. of units that can...
11 reasons to give you comfort as you invest in Unity Homes Over the past several years, I have written several articles concerning Unity Homes apartments, sold many apartments to happy investors and I can now confidently write this one. Click on the links at the end of the article to read the previous articles. Location: Tatu City is Strategically located - 15 mins away from Thika Superhighway...
You are buying a plot that you haven’t seen. I once drove all the way past Rumuruti towards Maralal to see a parcel of land that was on sale. The seller was a popular Sacco that had advertised that the plots were fronting the tarmac road that connects Rumuruti to Maralal. What we realized was that they were selling land that was like 2 km from that road but since they knew that their members are...
Have you heard of a project called Unity One? Unity One is an exclusive chic estate of contemporary one-bedroom apartments sitting on 11 acres at the heart of Tatu City, Kiambu. The cool balconies, glass railings and floor-to-ceiling double-leaf doors make most of the homes’ spectacular panoramic views to the park and the community’s expansive outdoor amenities which are close by. Each apartment...
Option 1. Live your best life now Own a ¼ or ½ acre plot in a gated estate with internal tarmac roads, solar street lights, sewer lines, green fences, a recreational park with a small lake, over 2 million liters of water reserve, underground cabling of electricity, and internet. You will never have to worry about insecurity and you won’t pay taxes on building materials. Option 2. The good...
The past Recently I met a 50 something-year-old lady who has been living in Ruiru since the year 2000. This is her story in brief. Let's call her Mary. Mary, then in her early 30s bought two 1/4 acre plots in Ruiru in the year 2000 for Kshs 60,000 each. The following year, she sold one plot for Kshs 80,000 making a 33% profit. She then managed to buy several more plots in the area. It was a coffee...
A right/competitive price can be achieved when the developer gets funding using cheap money borrowed from the Government, pension funds, or foreign banks and extends the same discount to the buyers. Another cheap source of money is off-plan sales. If one developer gets a loan at say 4% and another at say 14% and they both want a 20% profit, then one developer will have to sell his property at a 24%...
I had a conversation with a Kalenjin friend about investing. His views on investing contrasts with mine so much. Before I break down the facts and myths, I wish to tell you a short story. A story about a young bride A young bride was seen by her husband breaking the legs of a chicken before placing it in the oven to grill instead of placing it whole. Her husband inquired the reason for that and she...
The question of where to invest is common for investors before they can commit their money to any investment. It is not any different when it comes to real estate. It is of equal importance to know where it is to invest. A friend mentioned about the investment potential of Lake Elementaita. I have been there on holiday with my family twice. It’s a beautiful and affordable place. Not too far from...
I asked this question on Facebook and it elicited a lot of reactions. In case you haven’t seen the question, here it is; If you are a single woman and you buy or build a house, then you get married, would you allow your new husband to move into your house? Why or why not? After a very successful debate, I feel like “addressing the nation” in my capacity as a valuer and real estate...