Owning property and especially rental property is a dream for many Kenyans. I would go ahead and describe it as the Kenyan Dream, you work hard at your job and business, save up your income, buy a plot and build some rentals on it with the goal of collecting income as your retirement plan. This idea sound almost too good to be true and that is because, it is not that straight forward. Most people go into...
The success or failure of your off-plan project squarely lies with the developer you choose. This means that while selecting a project with strong market fundamentals is important, getting a good developer is equally important. I have done a guide on how to know if you are dealing with a good developer, you can click the link to learn more. Many Kenyans have burnt their fingers in many of these off-plan...
If you are looking to buy a home for either investment or personal use, then knowing who the developer of the project is would be the best way to safeguard your money. The developer is the bearer of the vision and is the final decision maker in any project. A developer could be a company, an individual, an organization or even the government. Whether a project gets finished or not rests majorly with the...
Buying real estate is a dream that many Kenyans hold. And there are good reasons why this is the case including; real estate’s stability and being an asset you can touch and control. However, many buyers often make a big mistake when buying property by getting the timing wrong. We have all heard of the number one rule of real estate which is Location, but few people talk about timing the market. One...
Every market has its own bad-actors and the rental market is no different. There are countless stories of Kenyans who have been duped in their home search. Whether it is due to greed, ignorance or just not knowing, conmen are making a killing from Kenyans and it is not good. You see TRUST is really important in the real estate world and whenever it is eroded, it becomes hard to restore. In this blog, I...
The Kenyan Dream for most people definitely involves owning some apartments and getting paid rent every month. The security and predictability of rents as an income stream beats many investments hands down. However, while many people fantasize about this, very few talk about the problems that come up during operationalizing of the property. The myth out here is that rental properties are a “set-it and...
Real estate is the most preferred investment vehicle in Kenya today and it is for a good reason. While investment companies are slowly selling to Kenyans the idea of paper wealth in the form of stocks, T-Bills and Bonds, Kenyan’s still want property. And this makes a lot of sense, the tangible nature of property makes an owner feel a sense of security. Moreover, you have much more control over your asset...
Waiyaki Way is a corridor located West of Nairobi CBD. The area hosts a number of estates that are not only affordable but come with security, greenery and a semi-urban vibe. If you are into nature and wellness, I would definitely recommend moving along this area. However, what sets this zone apart from the rest is its proximity to working nodes like CBD and Westlands. Majority of people living within...
Over the years, some of the complains I have received from tenants is that their units are too expensive for the quality they are getting. While I had ignored this issue earlier, in recent times, it seems that the issue is becoming a growing concern. In developed countries where systems work, there is often a Fair housing act or some laws set to protect renters from this exploitation. However, in Kenya,...
According to statistics, over 75% of Kenyan landlords prefer to self-manage their properties. A big reason being the cost savings made when they take over the operations of their own property. However, this is not without its share of stress. Countless landlords I have spoken to quickly tell me how stressful self-management can be. On inquiring further, many of them lack a system that can help them ease...
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