One of the unavoidable costs that comes with owning a house is definitely the electricity bill. And while most places have access to power, the cost of electricity has really gone up. I remember a time when my friend received a monthly bill of Kes 120,000 for his 3-bedroom home. You see, the current state of monopoly in power companies as well as high demand for power has led to a spike in the cost of...
Installing solar panels is a long-term investment. However, small mistakes during installation can lead to poor performance, damage, or higher costs later. What is quite shocking is the fact that most customers are not aware of such faults until it is too late. For this blog, we have decided to highlight some of the common issues installers make, as well as how you can easily spot them. Here are some of...
What are land rates? Land rates is simply a form of property tax paid yearly to the local county government by a land owner. It is based on the unimproved value of your land and the amount varies depending on; your location, land size and amenities provided. Unimproved value means, the value of the land without buildings or any improvement – when bare. Rates are paid as a statutory obligation...
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...
REITs are regulated investment vehicles that allows people to collectively invest in Real Estate. By regulated, I mean that their activities and functions are controlled by the Capital Markets Authority (CMA). This is done to protect investors or Beneficiaries. The relationship between the trustee (which is normally a bank or financial institution) and beneficiaries (who are the investors) is called a...
Investing is the surest way to build wealth for anyone regardless of their age. And while there are many investment vehicles, real estate stands out as one of the most stable and most rewarding ones. Stick with me as I convince you why I think you should invest in real estate despite the massive discouragement by many “uninformed” persons. And because there are always two sides to every coin, we are...
Owning a home is the dream of most Kenyans, if not all. There is a spot that renting does not seem to hit in the hearts of many. A thirst that is only quenched with homeownership. I am even 100% sure that you who are reading this article are thinking of the same. Having that space to raise your kids, retire to, and even chill on the weekends. All without the strain and worry of making monthly rent...
Let me guess. You have saved up some money after years of working to buy a plot but you are not sure whether to continue renting and owning a home. Believe me you are not alone. One question that hits you in your midlife is that of whether you should buy a house or continue renting out. I really can't blame anyone, data from the Kenya National Bureau of Statistics (KNBS) in 2024 shows that the...
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