wazua Thu, Apr 16, 2026
Welcome Guest Search | Active Topics | Log In

24 Pages123>»
4 family (3 bed/2bath) flat budget Ksh. 5m
Options
Previous Topic · Next Topic
Penny-Stocker
#1 Posted : Saturday, September 22, 2012 10:34:35 PM
Rank: Member

Joined: 10/31/2010
Posts: 154
Hello Wazuans, I am starting a project thread for my project in Mamboleo,Kisumu- 4 family (3bed, 2bath). I will be posting costs, challenges, and all that jazz. My budget is 5m... I own the land outright, which is a good thing.
“None but ourselves can free our minds.”
- Bob Marley
Back to top
  |
young
#2 Posted : Sunday, September 23, 2012 1:51:07 AM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
ok let us know
size of build up area
type of soil
any BQ ie boys or servant quarters?
Any previous building experience ?
Are you hiring foreman ?
Do you have a store or space for material?
What is your source of water for the project?
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
Back to top
  | | Edit by user: Sunday, September 23, 2012 1:56 AM | Reason: changes
guru267
#3 Posted : Sunday, September 23, 2012 6:41:45 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Be careful about your 5million cost.. It might leave little room for any margins to be had!

I know for a fact GOK is selling very spacious flats in Nairobi, Madaraka (3bed/2bath) for 7million...
If yours are located all the way in Kisumu it might be hard to charge an amount even close to this!
Mark 12:29
Deuteronomy 4:16
Back to top
  |
Gordon Gekko
#4 Posted : Sunday, September 23, 2012 1:39:10 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Is it an investment or a humble abode? If the former, you can do better - especially when you add the cost of land to the 5 meters you intend to spend. If the latter, I'm all for it. BTW how is water and security in that neighborhood? Are there schools for the kids in the neighborhood?
Back to top
  |
Wakanyugi
#5 Posted : Sunday, September 23, 2012 3:20:45 PM
Rank: Veteran

Joined: 7/3/2007
Posts: 1,635
I am starting a similar project too and it would be good to exchange experiences.

Mine is a personal 3 bed roomed Simba (own house); budget just under 4M; location Ruiru, Membley. The land is paid for.

I am hiring a fundi and covering the cost from own savings.
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
Back to top
  |
Penny-Stocker
#6 Posted : Sunday, September 23, 2012 5:52:29 PM
Rank: Member

Joined: 10/31/2010
Posts: 154
guru267 wrote:
Be careful about your 5million cost.. It might leave little room for any margins to be had!

I know for a fact GOK is selling very spacious flats in Nairobi, Madaraka (3bed/2bath) for 7million...
If yours are located all the way in Kisumu it might be hard to charge an amount even close to this!


I am not building to sell. It is an investment (retirement may be) I am 29yrs old and just want to secure my financial future
“None but ourselves can free our minds.”
- Bob Marley
Back to top
  |
Penny-Stocker
#7 Posted : Sunday, September 23, 2012 6:01:58 PM
Rank: Member

Joined: 10/31/2010
Posts: 154
@Gekko:
Is it an investment or a humble abode? If the former, you can do better ..especially when you add the cost of land to the 5 meters you intend to spend. If the latter, I'm all for it.....It is an investment. Acquired the land about 4 years ago and is fully paid for.
BTW how is water and security in that neighborhood?.....Well water (already sank and functional) will be pumped to a storage tank and treated.Security is good. A lot of people and putting up mansions around this place.
Are there schools for the kids in the neighborhood?.....[/quote]Schools are in the city - 15 minutes drive
“None but ourselves can free our minds.”
- Bob Marley
Back to top
  |
digitek1
#8 Posted : Sunday, September 23, 2012 6:33:33 PM
Rank: Veteran

Joined: 2/3/2010
Posts: 1,797
Location: Kenya
Penny-Stocker wrote:
guru267 wrote:
Be careful about your 5million cost.. It might leave little room for any margins to be had!

I know for a fact GOK is selling very spacious flats in Nairobi, Madaraka (3bed/2bath) for 7million...
If yours are located all the way in Kisumu it might be hard to charge an amount even close to this!


I am not building to sell. It is an investment (retirement may be) I am 29yrs old and just want to secure my financial future

29 yrs too young to be building retirement home unless its the house you are going to be living in. why not buy more vacant plots in the area
I may be wrong..but then I could be right
Back to top
  |
Penny-Stocker
#9 Posted : Sunday, September 23, 2012 7:03:52 PM
Rank: Member

Joined: 10/31/2010
Posts: 154
@Young:
ok let us know
size of build up area = .04 Ha
type of soil.....Red murram mixed with some rock = very solid ground
any BQ ie boys or servant quarters?...No BQ, just the flat
Any previous building experience ?....Yes, two houses
Are you hiring foreman ?....Nope
Do you have a store or space for material?...Yes
What is your source of water for the project?.....Well, already functional at the site
“None but ourselves can free our minds.”
- Bob Marley
Back to top
  |
mawinder
#10 Posted : Sunday, September 23, 2012 7:05:24 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Why Kisumu of all places and at such a time?
Back to top
  |
24 Pages123>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.