What is Airbnb? By now, I am sure a majority of you readers are familiar with the term Airbnb. For those who might be green on this, it is a platform that enables owners to rent out their properties to short-stay visitors. The concept behind it is quite simple. And it allows landlords to make an extra coin from parts of their property that would otherwise be vacant. The platform, which began in 2008,...
House hunting in Nairobi can be quite a hustle. In a city with millions of people and not so many developments coming up compared to this growing number, the demand for houses is becoming crazy. Finding something that is within budget, is comfortable, and comes with the right amenities is quite hard. And let’s not get started on the many conmen waiting to prey on innocent tenants. The housing market in...
What is Airbnb? Airbnb is a platform where property owners choose to rent out part of their houses, like a DSQ. You can also choose to rent out the entire property on a short-term basis. It is majorly used by travelers who don’t want to stay in a hotel and would rather have a ‘home-like’ experience. It also helps property owners make money from parts of their house that are...
Land buying and selling forms a key part of Kenya’s real estate market. And a very important one for that matter. Consider this: without land, you cannot build, and if you cannot build, you cannot sell or rent out your property. That is why I think it is important for you to understand land and how it is transacted. Sadly, there has been a shortfall in information regarding land, and the few people...
What is a land sale agreement? A land sale agreement is a contract between a seller and an interested buyer that outlines the terms and conditions of sale. Land buying is a process, and anything can happen along the way. To ensure that the rights of both buyer and seller are protected, a sale agreement is important. It protects the seller by making sure they are not wasting their time, as only...
Recently, someone came to us looking for a piece of land to buy around Nairobi. They wanted somewhere they could develop some apartments but did not want to spend huge amounts of cash on land alone. In Nairobi, developers end up spending us much as 60% of their project investment on land alone. So for us the task was simple, get land in a fast growing pocket near Nairobi with a huge potential for future...
One of the most crucial steps that you need to take before buying land is doing a physical site visit. In real estate, seeing is believing. Therefore, you cannot afford to skip this crucial step in a sector where trust is paramount. A site visit is simply a physical trip to the piece of land or development that you have interest in. In this short blog post, I will be providing you with the information you...
Iron sheets or as we commonly refer to them here in Kenya as Mabati are one of the most common ways of roofing houses. Their versatility, in that you can use them for; roofing, walling or even as a fence at a very affordable price point has made them popular. However, despite them being this common, many people are still not yet familiar with the types, gauges and prices of the various Mabati options. In...
Banda Homes has been in the headlines since 2019, and all for bad reasons. If you are not familiar with the company, Banda Homes is a real estate developer famous for the off-plan model of housing. Buying a house off-plan means that you are buying into the concept of the development before any units are complete. Many Kenyans love this model because it offers them the flexibility to sort out the payments...
Taj Mall has been quite a contentious topic in the recent past following its demolition. Prior to its demolition, the mall was renamed AirGate Center. Which was the beacon of modern commercial centers in the late 2000s. The mall was owned by Rameshchandria Govin Gorasia, who is an Indian businessman in Kenya. It sat on a 4-acre parcel of land adjacent to the Outer-Ring road and is said to have cost...
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