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Mwafrika31
#1 Posted : Friday, November 22, 2013 12:35:17 PM
Rank: New-farer


Joined: 6/18/2010
Posts: 95
Hey guys, longtime. Nimewamiss tu sana. After taking a short break from mzungu land I went home to put up a rental structure, which thank God I was able to. After some drama I got a decent affordable contractor to supervise the mjengo. So I felt I should share their contacts just to help out anyone who wants to build and is stuck and scared of getting conned. They are called Momson and the head is a older lady that proved trustworthy. The foremen are hers. They charged like 30000 per square meter. They also do labor contracts for 33% of budget.

1

2

Or just paste this into your browser. More photos hosted at photobucket. I dont know how to put photos in the post.

http://s775.photobucket....ilders?sort=3&page=1
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a4architect.com
#2 Posted : Friday, November 22, 2013 12:47:57 PM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
perfect quality for 30k per m2. Please give me their email.
As Iron Sharpens Iron, So one Man Sharpens Another.
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kendata26
#3 Posted : Saturday, November 23, 2013 5:34:50 AM
Rank: New-farer


Joined: 5/30/2013
Posts: 56
Location: Mini Apple
These look good.
Couple of questions. Are the costs actual costs or estimated based on their project averages??

Would love to hear more details and get their contacts @ kendata26 at gmail dot com
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kendata26
#4 Posted : Saturday, November 23, 2013 5:44:21 AM
Rank: New-farer


Joined: 5/30/2013
Posts: 56
Location: Mini Apple
a4architect.com wrote:
perfect quality for 30k per m2. Please give me their email.


A4 and the professional developers - how much would the 140 SM and 160 SM houses in Mwafrika's pictures sell for if located in Langata? What about in Rongai?

I'm assuming 30K/sm finishes would be "decent" in Langata and "good" in Rongai.
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a4architect.com
#5 Posted : Saturday, November 23, 2013 11:03:13 AM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
kendata26 wrote:
a4architect.com wrote:
perfect quality for 30k per m2. Please give me their email.


A4 and the professional developers - how much would the 140 SM and 160 SM houses in Mwafrika's pictures sell for if located in Langata? What about in Rongai?

I'm assuming 30K/sm finishes would be "decent" in Langata and "good" in Rongai.


the langata house will cost 140m2 x kes 30000=4.2m.
The land in langata will cost 5m.
http://www.property24.co...le-in-langata-101312180

Add 5m plus 4m=9m.
Cost of financing at 18% pa for 2 years will be 9m x 136%=12m.
Add developers profit of 30%=16m.

The house will cost 16m in Langata.
As Iron Sharpens Iron, So one Man Sharpens Another.
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Chaka
#6 Posted : Saturday, November 23, 2013 4:05:35 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
@Mwafrika,
I like the workmanship!..did the contractor do everything i.e purchase and transportation of building materials and then construction?What were the terms like as in upfront payment or payment in stages?Would it be possible to get the pictures of closets and say the kitchen ?
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kendata26
#7 Posted : Monday, November 25, 2013 10:24:01 PM
Rank: New-farer


Joined: 5/30/2013
Posts: 56
Location: Mini Apple
a4architect.com wrote:
kendata26 wrote:
a4architect.com wrote:
perfect quality for 30k per m2. Please give me their email.


A4 and the professional developers - how much would the 140 SM and 160 SM houses in Mwafrika's pictures sell for if located in Langata? What about in Rongai?

I'm assuming 30K/sm finishes would be "decent" in Langata and "good" in Rongai.


the langata house will cost 140m2 x kes 30000=4.2m.
The land in langata will cost 5m.
http://www.property24.co...le-in-langata-101312180

Add 5m plus 4m=9m.
Cost of financing at 18% pa for 2 years will be 9m x 136%=12m.
Add developers profit of 30%=16m.

The house will cost 16m in Langata.


Thanks A4. So if I put in 20% of total project cost @2.4M I could get an ROI of 50%....

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kendata26
#8 Posted : Tuesday, November 26, 2013 5:18:41 AM
Rank: New-farer


Joined: 5/30/2013
Posts: 56
Location: Mini Apple
a4architect.com wrote:
kendata26 wrote:
a4architect.com wrote:
perfect quality for 30k per m2. Please give me their email.


A4 and the professional developers - how much would the 140 SM and 160 SM houses in Mwafrika's pictures sell for if located in Langata? What about in Rongai?

I'm assuming 30K/sm finishes would be "decent" in Langata and "good" in Rongai.


the langata house will cost 140m2 x kes 30000=4.2m.
The land in langata will cost 5m.
http://www.property24.co...le-in-langata-101312180

Add 5m plus 4m=9m.
Cost of financing at 18% pa for 2 years will be 9m x 136%=12m.
Add developers profit of 30%=16m.

The house will cost 16m in Langata.


Same question from a diffrent angle. How long does it take developers to sell these properties? If someone gets this house @15% for about $13M (assuming 20% down pmt) on a 20 yr loan, monthly pmts will be around ksh170K/month.

That's a lot of money and looking at all the new developments and Ad's online, folks can afford it. I'm trying to get sence of the absorption rate versus supply.

Asante.
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Mwafrika31
#9 Posted : Wednesday, November 27, 2013 11:11:56 AM
Rank: New-farer


Joined: 6/18/2010
Posts: 95
a4architect.com wrote:
perfect quality for 30k per m2. Please give me their email.


Hi, the email is beth_wambui (at) yahoo (dot) com
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Mwafrika31
#10 Posted : Wednesday, November 27, 2013 11:37:10 AM
Rank: New-farer


Joined: 6/18/2010
Posts: 95
Chaka wrote:
@Mwafrika,
I like the workmanship!..did the contractor do everything i.e purchase and transportation of building materials and then construction?What were the terms like as in upfront payment or payment in stages?Would it be possible to get the pictures of closets and say the kitchen ?


I did a labor contract with them and sorted myself on getting materials to site. It was quite a daunting task. They also do full contract and ofcorse payment is in stages, foundation, then walling then slab etc. I'll ask them for closets pics. They also said that interior finishes are strictly driven by the budget available, the more you have the better it gets.. just write to them at beth_wambui at yahoo dot com
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Mwafrika31
#11 Posted : Wednesday, November 27, 2013 11:39:24 AM
Rank: New-farer


Joined: 6/18/2010
Posts: 95
kendata26 wrote:
a4architect.com wrote:
kendata26 wrote:
a4architect.com wrote:
perfect quality for 30k per m2. Please give me their email.


A4 and the professional developers - how much would the 140 SM and 160 SM houses in Mwafrika's pictures sell for if located in Langata? What about in Rongai?

I'm assuming 30K/sm finishes would be "decent" in Langata and "good" in Rongai.


the langata house will cost 140m2 x kes 30000=4.2m.
The land in langata will cost 5m.
http://www.property24.co...le-in-langata-101312180

Add 5m plus 4m=9m.
Cost of financing at 18% pa for 2 years will be 9m x 136%=12m.
Add developers profit of 30%=16m.

The house will cost 16m in Langata.


Same question from a diffrent angle. How long does it take developers to sell these properties? If someone gets this house @15% for about $13M (assuming 20% down pmt) on a 20 yr loan, monthly pmts will be around ksh170K/month.

That's a lot of money and looking at all the new developments and Ad's online, folks can afford it. I'm trying to get sence of the absorption rate versus supply.

Asante.

my own two cents, depending on price and area some houses are sold even before they are finished.
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Chaka
#12 Posted : Wednesday, November 27, 2013 4:37:17 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
Mwafrika31 wrote:
Chaka wrote:
@Mwafrika,
I like the workmanship!..did the contractor do everything i.e purchase and transportation of building materials and then construction?What were the terms like as in upfront payment or payment in stages?Would it be possible to get the pictures of closets and say the kitchen ?


I did a labor contract with them and sorted myself on getting materials to site. It was quite a daunting task. They also do full contract and ofcorse payment is in stages, foundation, then walling then slab etc. I'll ask them for closets pics. They also said that interior finishes are strictly driven by the budget available, the more you have the better it gets.. just write to them at beth_wambui at yahoo dot com

O
Thanks..so the 30k per sq metre is on labour i.e excluding materials?I would appreciate if you could email me some of the people you sourced materials from...chakacrafts at email dot com
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kendata26
#13 Posted : Wednesday, November 27, 2013 7:33:18 PM
Rank: New-farer


Joined: 5/30/2013
Posts: 56
Location: Mini Apple
Chaka wrote:
Mwafrika31 wrote:
Chaka wrote:
@Mwafrika,
I like the workmanship!..did the contractor do everything i.e purchase and transportation of building materials and then construction?What were the terms like as in upfront payment or payment in stages?Would it be possible to get the pictures of closets and say the kitchen ?


I did a labor contract with them and sorted myself on getting materials to site. It was quite a daunting task. They also do full contract and ofcorse payment is in stages, foundation, then walling then slab etc. I'll ask them for closets pics. They also said that interior finishes are strictly driven by the budget available, the more you have the better it gets.. just write to them at beth_wambui at yahoo dot com

O
Thanks..so the 30k per sq metre is on labour i.e excluding materials?I would appreciate if you could email me some of the people you sourced materials from...chakacrafts at email dot com




I hope not. That would seem very expensive to pay almost 5M just on labor. Based on other discussions in this forum, including the pablo method, material + labor should range from 25K to 30K for a good finished product as shown by Mwafrika.

@mwafrika, would love to discuss ask a couple of detailed questions if you are so inclined @ kendata26 at gmail dot com. Thanks.
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kendata26
#14 Posted : Wednesday, November 27, 2013 7:35:16 PM
Rank: New-farer


Joined: 5/30/2013
Posts: 56
Location: Mini Apple
Mwafrika31 wrote:
kendata26 wrote:
a4architect.com wrote:
kendata26 wrote:
a4architect.com wrote:
perfect quality for 30k per m2. Please give me their email.


A4 and the professional developers - how much would the 140 SM and 160 SM houses in Mwafrika's pictures sell for if located in Langata? What about in Rongai?

I'm assuming 30K/sm finishes would be "decent" in Langata and "good" in Rongai.


the langata house will cost 140m2 x kes 30000=4.2m.
The land in langata will cost 5m.
http://www.property24.co...le-in-langata-101312180

Add 5m plus 4m=9m.
Cost of financing at 18% pa for 2 years will be 9m x 136%=12m.
Add developers profit of 30%=16m.

The house will cost 16m in Langata.


Same question from a diffrent angle. How long does it take developers to sell these properties? If someone gets this house @15% for about $13M (assuming 20% down pmt) on a 20 yr loan, monthly pmts will be around ksh170K/month.

That's a lot of money and looking at all the new developments and Ad's online, folks can afford it. I'm trying to get sence of the absorption rate versus supply.

Asante.

my own two cents, depending on price and area some houses are sold even before they are finished.


It seems I need to get of my A*^% and get something done!
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