Wazua
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4 family (3 bed/2bath) flat budget Ksh. 5m
Rank: New-farer Joined: 11/24/2013 Posts: 14
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Been following your project since you started. Excellent work & appreciate your sharing. Where there's a will, there's surely a way.
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Rank: Member Joined: 1/31/2007 Posts: 26
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congrats pennywise for this insightful post. its a real eye opener!
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Rank: Veteran Joined: 7/3/2007 Posts: 1,634
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Hi Penny-Stocker. This is a great achievement. Well done. As for the project I was doing, I had a slightly similar experience. I spent an extra 0.6M, due to a change in finishes. But my project is competed too and fully occupied (by yours truly). Most important I was able to avoid the bank, which many Wazuans advised me against. I am now getting ready to start another one. "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)
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Rank: Member Joined: 10/31/2010 Posts: 154
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@Wakanyugi... Congrats to you as well bro. Takes a lot of patience, perseverance, and dedication - well done! Would you mind sharing with me the pics...same email! Im hoping to start another project later this year as well - 6 unit of 2bed/1bath. And as always, will share the progress with y'all! “None but ourselves can free our minds.” - Bob Marley
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Rank: Member Joined: 5/4/2011 Posts: 115
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Penny Stocker, this was a really good project, i have a plot in Rongai rimpa and would like to try out a similar project. would you or anyone else who has the plan for the house kindly email it to me at machtim[at]outlook[dot]com will really appreciate. the warmer the blankets, the colder the future
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Rank: Member Joined: 1/20/2015 Posts: 489 Location: Nairobi
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Penny-Stocker wrote:a4architect.com wrote:@justkiwi, pennystocker's house is 280m2. Cost of construction in kenya for middle class range of buildings is kes 25,000 to kes 30,000 per m2. This brings to 280m2 x kes 25,000 per m2 =kes 7m.
Fundis are specialists in building craftsmanship, not construction cost estimation, which is reserved for Quantity Surveyors. @a4arc.....well said, sir! I have a concern here for all those who have been following this thread. As stipulated above, the entire development is 280m2. this means that every unit, since they are 4, measures 70m2! converted this equals 752 square feet for a 3 bedroom!!!!!!! This is quite small i should say, standard 3 bedrooms usually range from 110m2 and above!! To get a clear picture of these dimensions as provided above, it then means that a single 3-bedroom unit measures approximately 10 meters X 7 meters!!! This is such a small area to fit a kitchen, washroom, lounge, 2 bedrooms and master bed! To make it clearer, i live in a 1-bedroom flat in Roysambu measuring 64m2!! it is not logical for my 1-bedroom to be almost equal in size with a 3-bedroom. Kindly clarify on that please! Enjoy every moment of your life, you never know when your time will come.
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Rank: Member Joined: 10/31/2010 Posts: 154
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UpcomingPaperChaser wrote:Penny-Stocker wrote:a4architect.com wrote:@justkiwi, pennystocker's house is 280m2. Cost of construction in kenya for middle class range of buildings is kes 25,000 to kes 30,000 per m2. This brings to 280m2 x kes 25,000 per m2 =kes 7m.
Fundis are specialists in building craftsmanship, not construction cost estimation, which is reserved for Quantity Surveyors. @a4arc.....well said, sir! I have a concern here for all those who have been following this thread. As stipulated above, the entire development is 280m2. this means that every unit, since they are 4, measures 70m2! converted this equals 752 square feet for a 3 bedroom!!!!!!! This is quite small i should say, standard 3 bedrooms usually range from 110m2 and above!! To get a clear picture of these dimensions as provided above, it then means that a single 3-bedroom unit measures approximately 10 meters X 7 meters!!! This is such a small area to fit a kitchen, washroom, lounge, 2 bedrooms and master bed! To make it clearer, i live in a 1-bedroom flat in Roysambu measuring 64m2!! it is not logical for my 1-bedroom to be almost equal in size with a 3-bedroom. Kindly clarify on that please! Here's the plan! Do the math!“None but ourselves can free our minds.” - Bob Marley
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Rank: Member Joined: 12/2/2011 Posts: 176
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congratulations on your project. it is quite impressive that you have spent 7.5m to ge a return of 100k monthly ( before taxes). in nairobi to get that kind of return would require an investment of like 18m plus.
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Rank: Member Joined: 12/2/2011 Posts: 176
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Penny-Stocker wrote:UpcomingPaperChaser wrote:Penny-Stocker wrote:a4architect.com wrote:@justkiwi, pennystocker's house is 280m2. Cost of construction in kenya for middle class range of buildings is kes 25,000 to kes 30,000 per m2. This brings to 280m2 x kes 25,000 per m2 =kes 7m.
Fundis are specialists in building craftsmanship, not construction cost estimation, which is reserved for Quantity Surveyors. @a4arc.....well said, sir! I have a concern here for all those who have been following this thread. As stipulated above, the entire development is 280m2. this means that every unit, since they are 4, measures 70m2! converted this equals 752 square feet for a 3 bedroom!!!!!!! This is quite small i should say, standard 3 bedrooms usually range from 110m2 and above!! To get a clear picture of these dimensions as provided above, it then means that a single 3-bedroom unit measures approximately 10 meters X 7 meters!!! This is such a small area to fit a kitchen, washroom, lounge, 2 bedrooms and master bed! To make it clearer, i live in a 1-bedroom flat in Roysambu measuring 64m2!! it is not logical for my 1-bedroom to be almost equal in size with a 3-bedroom. Kindly clarify on that please! Here's the plan! Do the math! my claculations using archicad actually reveal that each unit is approximately 61 sm. someone else can confirm or deny. this imo is too small for a 3 bedroom
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Rank: New-farer Joined: 12/11/2014 Posts: 16
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Any good plan for a 40 by 60 piece?
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Rank: Elder Joined: 10/9/2008 Posts: 5,389
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gregory wrote:Penny-Stocker wrote:UpcomingPaperChaser wrote:Penny-Stocker wrote:a4architect.com wrote:@justkiwi, pennystocker's house is 280m2. Cost of construction in kenya for middle class range of buildings is kes 25,000 to kes 30,000 per m2. This brings to 280m2 x kes 25,000 per m2 =kes 7m.
Fundis are specialists in building craftsmanship, not construction cost estimation, which is reserved for Quantity Surveyors. @a4arc.....well said, sir! I have a concern here for all those who have been following this thread. As stipulated above, the entire development is 280m2. this means that every unit, since they are 4, measures 70m2! converted this equals 752 square feet for a 3 bedroom!!!!!!! This is quite small i should say, standard 3 bedrooms usually range from 110m2 and above!! To get a clear picture of these dimensions as provided above, it then means that a single 3-bedroom unit measures approximately 10 meters X 7 meters!!! This is such a small area to fit a kitchen, washroom, lounge, 2 bedrooms and master bed! To make it clearer, i live in a 1-bedroom flat in Roysambu measuring 64m2!! it is not logical for my 1-bedroom to be almost equal in size with a 3-bedroom. Kindly clarify on that please! Here's the plan! Do the math! my claculations using archicad actually reveal that each unit is approximately 61 sm. someone else can confirm or deny. this imo is too small for a 3 bedroom My calculations have given me 98m2 for each unit, including the balconies. That said the rooms appear good size coz lounge is 4x4m, master bdrm 3.5x4m, bdrm1 3.6x3.5m, bdrm2 3.3x2.7m, kitchen 3.6x2.9m, dining 4x2.7m.
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Rank: Member Joined: 12/2/2011 Posts: 176
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jaggernaut wrote:gregory wrote:Penny-Stocker wrote:UpcomingPaperChaser wrote:Penny-Stocker wrote:a4architect.com wrote:@justkiwi, pennystocker's house is 280m2. Cost of construction in kenya for middle class range of buildings is kes 25,000 to kes 30,000 per m2. This brings to 280m2 x kes 25,000 per m2 =kes 7m.
Fundis are specialists in building craftsmanship, not construction cost estimation, which is reserved for Quantity Surveyors. @a4arc.....well said, sir! I have a concern here for all those who have been following this thread. As stipulated above, the entire development is 280m2. this means that every unit, since they are 4, measures 70m2! converted this equals 752 square feet for a 3 bedroom!!!!!!! This is quite small i should say, standard 3 bedrooms usually range from 110m2 and above!! To get a clear picture of these dimensions as provided above, it then means that a single 3-bedroom unit measures approximately 10 meters X 7 meters!!! This is such a small area to fit a kitchen, washroom, lounge, 2 bedrooms and master bed! To make it clearer, i live in a 1-bedroom flat in Roysambu measuring 64m2!! it is not logical for my 1-bedroom to be almost equal in size with a 3-bedroom. Kindly clarify on that please! Here's the plan! Do the math! my claculations using archicad actually reveal that each unit is approximately 61 sm. someone else can confirm or deny. this imo is too small for a 3 bedroom My calculations have given me 98m2 for each unit, including the balconies. That said the rooms appear good size coz lounge is 4x4m, master bdrm 3.5x4m, bdrm1 3.6x3.5m, bdrm2 3.3x2.7m, kitchen 3.6x2.9m, dining 4x2.7m. i rescaled it, i a now getting 105 sm total! so in total we are looking at 420 sm at a construction cost of kshs. 7.5m which gives Kshs. 17,857 per sm
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Rank: Member Joined: 9/12/2014 Posts: 120 Location: Nyali
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@pennystocker..i have been following this trend since you began.I am not only impressed but also motivated.We are exactly the same age and I must agree i need some catch up.Anyway i am looking for land in mombasa(kilifi) to be specific.Otherwise thank you very much for sharing this information with us,may God bless you.I will be emailing you soon for more personal advice from you.Otherwise anything is possible to the willing mind!Keep it up sir!
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Rank: Member Joined: 1/20/2015 Posts: 489 Location: Nairobi
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@shrewed investor, I was in Kilifi during the holidays, and i noticed that there is lack of serious housing in the town. Its a vibrant town with quite a good number of people in the working class but i noticed that there aren't any flats or apartments to cater for them. I think it would be such a great investment to buy land and develop within Kilifi town! Enjoy every moment of your life, you never know when your time will come.
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Rank: Member Joined: 9/12/2014 Posts: 120 Location: Nyali
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UpcomingPaperChaser wrote:@shrewed investor,
I was in Kilifi during the holidays, and i noticed that there is lack of serious housing in the town. Its a vibrant town with quite a good number of people in the working class but i noticed that there aren't any flats or apartments to cater for them. I think it would be such a great investment to buy land and develop within Kilifi town! This is the gap i noticed and i want to fill it up,God willing!
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Rank: New-farer Joined: 8/23/2015 Posts: 64 Location: nairobi
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[quote=young]@All,
Be aware that if your plot is located in a middle income or upcoming high brow area and if your investment objective is for income , it is better to go for terrace maisonettes (duplexes) rather than 4 flats for the following reasons :-
PROS (i) Your build up area will be drastically reduced, as you can build TWO OR THREE of 4 bedroom maisonettes on a 1/4 acre plot . The builup area of each will be 0.012Ha ie 120 Square meters or LESS having one visitors room downstairs and 3 bedrooms upstairs etc. That means you can build two maisonattes on 240 sq meters (0.024 HA) or LESS and 3 terrace masionattes on 360 sqare meters (0.036 Ha) or LESS.
(ii) You use less building materials as you only have one kitchen per duplex, one master bedroom rather than multiple kitchens (per flat ) etc. There will less expenditure on plumbing materials, the slab (decking) area is reduced as part of it is used for the internal staircase etc.
(iii ) Good pricing for your building if you want to sale off in future and you have ample space if you desire to add boys quarters and other utilities like garden /lawn, carport etc. The add ons increases your rental income.
(iv) You deal with less tenants which reduces the risk of payment default as mostly middle to high income earners will be your likely clients and you will be dealing with less number of tenants.
(iv) Easier to build in phases as beyond german floor (DPC) and roofing, you can segment the construction by progressing far in one duplex before you continue with the next one.
CONS (i) Low demand as it only appeals to a particular segment of the society. It has to be situated in a good secure environment with basic amenities.
(ii) The pricing that is the rental income may be low initially (150% higher than rental cost of a flat) in the first two years but there after the rental income will be 100% or more compared to the rental cost of a flat. This is not a problem bearing in mind that you spent less to build as compared to building a block of flats so invariable ROI on both initially are the same. With time you can easily achieve ROI of 10 - 20%.
[color=blue]NOTE :- This is only an additional information (might be for the future) not neccessarily to discourage our friend @Penny-Stocker to continue with his well planned project.
I followed this post religiously.good advice.
I wanted to build apartments in Thika but the county has completely refused to approve the change of use.im thinking of following Young's advice. how many 3 bedroom maisonettes can fit in a quarter ?
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Rank: New-farer Joined: 12/18/2012 Posts: 94
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What would it cost to do the same off Kamiti Road close to the Northern Bypass? Would it be close to what pennystocker spent or much higher due to location?
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Tara wrote:What would it cost to do the same off Kamiti Road close to the Northern Bypass? Would it be close to what pennystocker spent or much higher due to location? Should be cheaper. Things like cement, chuma, mawe, mabati, tiles, mdfs, finishings etc are cheaper in nairobi than kisumu.
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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hardwood wrote:Tara wrote:What would it cost to do the same off Kamiti Road close to the Northern Bypass? Would it be close to what pennystocker spent or much higher due to location? Should be cheaper. Things like cement, chuma, mawe, mabati, tiles, mdfs, finishings etc are cheaper in nairobi than kisumu. But you have to factor in other costs that are significantly more expensive, like labour.
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Rank: New-farer Joined: 12/18/2012 Posts: 94
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Wendz wrote:hardwood wrote:Tara wrote:What would it cost to do the same off Kamiti Road close to the Northern Bypass? Would it be close to what pennystocker spent or much higher due to location? Should be cheaper. Things like cement, chuma, mawe, mabati, tiles, mdfs, finishings etc are cheaper in nairobi than kisumu. But you have to factor in other costs that are significantly more expensive, like labour. Thank you for your responses.
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4 family (3 bed/2bath) flat budget Ksh. 5m
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