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Rural Mansions
jaggernaut
#1 Posted : Friday, January 11, 2013 12:40:16 AM
Rank: Elder


Joined: 10/9/2008
Posts: 5,389
THIS ARTICLE says that putting up a multi-million rural mansion where you only spend the 2 week xmas break every year doesn't make sense.
Ali Baba
#2 Posted : Friday, January 11, 2013 3:08:00 AM
Rank: Member


Joined: 8/29/2008
Posts: 571
Jaggernaut:>>It depends with your income.If you are wealthy and can afford it,why not??You guys should accept diversity of thought.All of us cannot do things the same way....
Jamani
#3 Posted : Friday, January 11, 2013 8:44:49 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
The line of thought might change in Kenya with the coming up of counties, especially for people with their rural areas close to the county headquarters.
majimaji
#4 Posted : Friday, January 11, 2013 8:49:23 AM
Rank: Veteran


Joined: 4/4/2007
Posts: 1,162

I'm putting up a house in shags (and I'm not rich) I now wonder if I'll ever live there in retirement and raise zero grazing cows and goats. And the place is just 70km from Nairobi!
Mukiri
#5 Posted : Friday, January 11, 2013 9:18:40 AM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
I'm more for a holiday home at the coast, which I can rent out when family is not using it. Don't poor villagers detest one, when you visit the village, fail to give them big handouts yet you have a big house which no one uses?

Proverbs 19:21
mmarto
#6 Posted : Friday, January 11, 2013 9:59:43 AM
Rank: Member


Joined: 4/20/2010
Posts: 412
Location: nairobi
Mukiri wrote:
I'm more for a holiday home at the coast, which I can rent out when family is not using it. Don't poor villagers detest one, when you visit the village, fail to give them big handouts yet you have a big house which no one uses?


we cannot all be placed in one cocoon, seeing and thinking the same way. I did not want to build in my shags but:

1. Considering that the area is green(leafy) with beautiful scenery i thought i can treat myself to a good home( simple house but beautiful setting) that we only dream of i.e the likes in nairobi's leafy suburbs.

2. I go shags twice a month, and accompanied with family, every 4 months. So it makes more sense for me.

3. I could possibly do home-stay tourism i.e i plan myself and let it for the tourists who want to experience the village life during days i am not intending to be in shags with famo. There is market for this.

4. I may offer plots for the plot-less. e.g. for the many friends who won't mind visiting me during the holidays, I could welcome them and yet have a fair place of accommodation for them.

5. Having a countyy home is not bad after-all.

6. Sometimes the likes of wazuans are so commercially oriented and we forget ourselves. I consider saving/working hard throughout your life and not tasting/enjoying your effort as meaningless. Treat yourself to a good home, an upcountry one!!!
The only time you should be looking down on others is when you are helping them up.
sparkly
#7 Posted : Friday, January 11, 2013 12:13:18 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
I am with @Jaggernut and @Mukiri on this, at least for now. As a young professional with a few years in the business, it makes no sense for me to build a mansion in the village while am renting wherever i am living.

I grew up in the city and as a first born i saw my parents build a mansion to rival any in Karen or Lavi, complete with a high wall, razor wire and electrical fencing, while they were still renting in the city. It was ironical that the landlord, one of those micromanaging ladies used to pay us a visit to make sure that rent money had been deposited into her KCB Kencon account.

The house standing next to my other uncles' was a big source of social and cultural pride for my father. As a family we used the house once a year but my dad would visit 2 or 3 times more while on his businesses in that part of the country (200km away from the city). In our teenage years I and my siblings simply refused to accompany the parents on the annual visits.

When i started working, my dad told me that with hindsight, he would have bought or built a family house in the city first, built a smaller basic house or built at a more strategic location where he could rent out to county elite when not using it. As it is, the house is on ancestral land and renting it out to outsiders is a no no.

In my community, it is a "taboo" self imposed or otherwise that a grown man esp who is married should "sleep" in his father's house. My father admitted that this was the primary reason he spent huge sums to build the house. He wanted a place where his wife and children could "sleep" on his visits to the village.

To some extent, I am a captive to the same culture . My former room in that house has been unused for several years. In any case, when i am in the neighbourhood, which has averaged like two days passing by, once in two years i don't want to start cooking, doing my laundry etc. I just check into a nice hotel 20km away, do my business and move on.

Most African men build houses in the village for cultural reasons. They houses also serve as status symbol just like cars. It is normal for someone to build a huge house in a remote area or buy an expensive car even when there is no economic or utilitarian reason to do so.

As for me i will buy a family residential, investment property, holiday home and village house in that order. I should be able to rent out the first three if for any reason i am not in physical occupation.

There is no reason why i shouldn't intergrate the homes/ houses. Say i buy a 2 br starter house, later buy a 4br town house. The starter house becomes a rental ppty. Once the children grow up, they can move into the starter house temporarily. Alternatively the second house is a villa at the coast. Rent it out when not in use. On retirement move into the villa and first home is rental. Or instead of building on ancestral land, sell my portion to my bros/uncles. Acquire a plot at the nearest county Hq. Build rental units and reserve the penthouse for my use etc


Life is short. Live passionately.
murchr
#8 Posted : Friday, January 11, 2013 6:09:49 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Life in Nrb will soon be very expensive that that rural home will be of so much value....It will make sense to rent out your nrb mansion and live in peaceful Muranga.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
mkeiyd
#9 Posted : Saturday, January 12, 2013 10:31:59 AM
Rank: Veteran


Joined: 3/26/2012
Posts: 1,182
murchr wrote:
Life in Nrb will soon be very expensive that that rural home will be of so much value....It will make sense to rent out your nrb mansion and live in peaceful Muranga.


@murchr, What will he be doing in Muranga if he earns his living in say Nairobi?
Why will life in Nairobi be more expensive soon? I thought "soon" people will be surrounding their county HQs, slowing the property demand in Nairobi.

Most of the village homes are built for cultural reasons. Why would you spend millions in a place your family visits once while you keep on paying rent?
This is akin to a dude buying a smartphone worth more than half their monthly take home, and all they do is call,text and facebook.
I don't believe in pleasing the society,they don't give a hoot about ones well being.
But we all see things differently.
Jamani
#10 Posted : Saturday, January 12, 2013 11:02:05 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
@Mkelyd, Good point on counties slowing down property demand in Nairobi, I personally think it depends on who is elected to high office, there are those that believe in the counties and those who will work hard to slow down the counties.

Whichever way you look at it if your rural home is nearby a county or critical upcoming develops, then be sure it will no longer be rural. People will come for it and your neighbours will either sell or develop their portions for commercial reasons forcing you to follow the crowd.

I have the examples of Konza area with the proposed IT city, Kisumu after the airport, Obamas home after his election (I have read online that property prices in Kisumu are escalating by the day and some areas prices are similar to those in Nairobi), Lamu with the proposed port, Isiolo as a link up town, Ngamia 1 area after the oil find, among others.
ChessMaster
#11 Posted : Saturday, January 12, 2013 11:13:21 AM
Rank: Elder


Joined: 2/23/2009
Posts: 1,626
Jamani wrote:
@Mkelyd, Good point on counties slowing down property demand in Nairobi, I personally think it depends on who is elected to high office, there are those that believe in the county on those those who will work hard to slow down the counties.
Whichever way you look at it if your rural home is nearby a county or critical upcoming develops, then be sure it will no longer be rural. People will come for it and your neighbours will either sell or develop their portions for commercial reasons forcing you to follow the crowd, I have the examples of Konza area with the proposed IT city, Kisumu after the airport, Obamas home after his election (I have read online that property prices in Kisumu are escalating by the day and some areas prices are similar to those in Nairobi), Lamu with the proposed port, Isiolo as a link up town, Ngamia 1 area after the oil find, among others.

I think county investments(real estate or business) in any count will be based on wealth generation capabilities of the counties.Otherwise,how will the investments generate profits?
Uncertainty is certain.Let go
Jamani
#12 Posted : Saturday, January 12, 2013 11:52:23 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
How will property investment generate returns in the counties.

1. Government will decentralize sending staff to the counties, housing will be required.
2. Government will need offices in most of these counties.
3. Subsidiary companies that supply to the government will also decentralize
4. Government will provide funds to each county for development, roads, Hospitals, etc.
5. Counties will attract investments based on their investments policies, natural resources, population, infrastracture etc.

Its a lot more than i have mentioned above, just look at what the universities have done to property investments in areas they have moved into then look at the bigger picture if government decentralizes.
murchr
#13 Posted : Saturday, January 12, 2013 5:16:26 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Am amazed when I read on how wazuans believe devolution will move people to the counties? Let me ask, apart from govt, who else is moving, where and when? Even govt, when is it moving?

@mkeiyd, how long does it take to get to muranga from nrb in this day? about an hr? or 1 hr 30 mins? isnt that the same time it takes to get to some of these city estates?...some people have seen this wisdom, most ppl who have homes in machakos are now commuting daily.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
mapozi
#14 Posted : Monday, January 14, 2013 5:27:26 PM
Rank: Member


Joined: 4/21/2011
Posts: 119
While @ this topic. I have decided to build a simple one in my rural area, Bunyala. No land. Is there any wazuan who is knowledgeable concerning that part of the country? I.e. which are the best places(i.e. upcoming therefore would build up future opportunities for investments?), the going rates, etc.
mawinder
#15 Posted : Monday, January 14, 2013 5:44:35 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
mapozi wrote:
While @ this topic. I have decided to build a simple one in my rural area, Bunyala. No land. Is there any wazuan who is knowledgeable concerning that part of the country? I.e. which are the best places(i.e. upcoming therefore would build up future opportunities for investments?), the going rates, etc.

Which Bunyala Busia or Kakamega?
GGK
#16 Posted : Monday, January 14, 2013 8:21:17 PM
Rank: Member


Joined: 11/21/2006
Posts: 608
Location: Ruiru
Empty rural homes don't make lots of sense.
But so do many things people do.... but we still do them in pursuit of "happiness"
"..I am because we are. "― Ubuntu, Umtu,
jamplu
#17 Posted : Monday, January 14, 2013 9:50:54 PM
Rank: Veteran


Joined: 3/25/2010
Posts: 939
Location: Nai
A decent house at your rural home is worthwhile especially if there are money generating projects or you are the type who like relaxing in the country side. If you have the money and are wise enough to know how to go about it go for it. Just build a not so big decent bungalow na ujenge pole pole take your time even 5 years it will barely have any effect on your finances.
mmarto
#18 Posted : Tuesday, January 15, 2013 9:52:25 AM
Rank: Member


Joined: 4/20/2010
Posts: 412
Location: nairobi
Also note that building in up-country is almost 4 times cheaper than in Nairobi or your Malindi holiday home.
The only time you should be looking down on others is when you are helping them up.
mapozi
#19 Posted : Wednesday, January 16, 2013 1:28:39 PM
Rank: Member


Joined: 4/21/2011
Posts: 119
mawinder wrote:
mapozi wrote:
While @ this topic. I have decided to build a simple one in my rural area, Bunyala. No land. Is there any wazuan who is knowledgeable concerning that part of the country? I.e. which are the best places(i.e. upcoming therefore would build up future opportunities for investments?), the going rates, etc.

Which Bunyala Busia or Kakamega?


Busia
sparkly
#20 Posted : Friday, January 18, 2013 10:00:58 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mmarto wrote:
Also note that building in up-country is almost 4 times cheaper than in Nairobi or your Malindi holiday home.


Cheaper but sunk costs.
Life is short. Live passionately.
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