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Low End Housing: High Risk, High Return
Rank: Member Joined: 3/26/2012 Posts: 280
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Forgot to say National Park also in the neigbhourhood. DOH
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Rank: Elder Joined: 6/23/2009 Posts: 14,301 Location: nairobi
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Yet to break ground and already associated costs have passed KES 250,000. i.e valuation 25k, architectural plans 80k, legal fee 80k, county stamps 61k, public health 9k.. Imagine that! While fuel and miscellenous costs not factored.. Building is an ardous task COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 11/15/2010 Posts: 455 Location: Nairobi
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obiero wrote:Yet to break ground and already associated costs have passed KES 250,000. i.e valuation 25k, architectural plans 80k, legal fee 80k, county stamps 61k, public health 9k.. Imagine that! While fuel and miscellenous costs not factored.. Building is an ardous task @Obiero Have you sorted "Change of user", NEMA and NCA?. This are other areas where they gobbles a lot. ....He who began a good work in you will carry it on to completion..
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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tinker wrote:obiero wrote:Yet to break ground and already associated costs have passed KES 250,000. i.e valuation 25k, architectural plans 80k, legal fee 80k, county stamps 61k, public health 9k.. Imagine that! While fuel and miscellenous costs not factored.. Building is an ardous task @Obiero Have you sorted "Change of user", NEMA and NCA?. This are other areas where they gobbles a lot. This is where am stuck! Foresight..
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Rank: Elder Joined: 6/23/2009 Posts: 14,301 Location: nairobi
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gatoho wrote:tinker wrote:obiero wrote:Yet to break ground and already associated costs have passed KES 250,000. i.e valuation 25k, architectural plans 80k, legal fee 80k, county stamps 61k, public health 9k.. Imagine that! While fuel and miscellenous costs not factored.. Building is an ardous task @Obiero Have you sorted "Change of user", NEMA and NCA?. This are other areas where they gobbles a lot. This is where am stuck! The contractor shall deal with those two.. NEMA should be 50k and NCA 5k. Government is very inefficient. Why not pay all the costs at one place since most are standard costs.. COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,301 Location: nairobi
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obiero wrote:gatoho wrote:tinker wrote:obiero wrote:Yet to break ground and already associated costs have passed KES 250,000. i.e valuation 25k, architectural plans 80k, legal fee 80k, county stamps 61k, public health 9k.. Imagine that! While fuel and miscellenous costs not factored.. Building is an ardous task @Obiero Have you sorted "Change of user", NEMA and NCA?. This are other areas where they gobbles a lot. This is where am stuck! The contractor shall deal with those two.. NEMA should be 50k and NCA 5k. Government is very inefficient. Why not pay all the costs at one place since most are standard costs.. And now the city planner has held onto my documents for over two weeks citing need for kk.. Nitamaliza mtu! COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,301 Location: nairobi
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obiero wrote:obiero wrote:gatoho wrote:tinker wrote:obiero wrote:Yet to break ground and already associated costs have passed KES 250,000. i.e valuation 25k, architectural plans 80k, legal fee 80k, county stamps 61k, public health 9k.. Imagine that! While fuel and miscellenous costs not factored.. Building is an ardous task @Obiero Have you sorted "Change of user", NEMA and NCA?. This are other areas where they gobbles a lot. This is where am stuck! The contractor shall deal with those two.. NEMA should be 50k and NCA 5k. Government is very inefficient. Why not pay all the costs at one place since most are standard costs.. And now the city planner has held onto my documents for over two weeks citing need for kk.. Nitamaliza mtu! Alas. The documents have been released, but unstamped! This is Kenya!!! Now, the county government of Kisii has advised they need a further KES 80,000 for change of user gazettement while NEMA maintain their initial cost.. The 300k mark has already been crossed on set up fees, prior to any form of ground breaking! COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 3/26/2012 Posts: 830
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I am thinking of going the real estate route. I have a few questions for the veterans,especially those who have invested in bedsitters. 1) How many bedsitters can fit in a 50*100 plot? 2) After factoring all costs including the cost of land, what are the rental yields for bedsitters if one decides to build it tthemselves I.e Obiero style? A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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Mutaga 15_18% LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Is this for ground floor units only or multistorey?Also,is it for places where there is a sewer line or septic?
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Low End Housing: High Risk, High Return
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