* Instead of planting beans every year, proposed 7m by 5m 2br guesthouse to be built on one corner of the vacant 1/8th
* less than 100m from newly tarmacked road in one of DC's major towns (not Jewel in the Crown).
* Fenced with chainlink and live fence is halfway grown
* Has beautiful steel gate
* Stima, fresh non-salty piped borehole water all on site.
* Transport readily available.
* Middle classes in the town growing like steroids
* Various vocational training schools and other educational institutions coming up in the area
* Once rented, I expect two tenants (most likely young students) sharing kitchen and living room but with own bedroom with steel doors for security.
* Anticipated rent 7.5k each for a total of 15k this is very cheap for the area
* Decent middle class finishings (no sijui yellow tiles, Lonzeretti Binducha instant showers and dirst cheap fixtures). Parquet floors, tankless water heater, huge windows with lots of light.
*Orientile roof. Attic tank 2k Litres
* Cost to build,well under 1m if costs managed super well.
* Excellent security in the area, mostly middle class maisonettes and no flats (yet)
* Once ready to build a maisonette on the plot, the guesthouse can serve as an SQ or guest living quarters or airbnb rental
* Cost efficient Biodigester sewer that the future maisonette can easily connect to
* Kills two birds with one stone. I get hassle free income sent directly to my phone via mpesa (as opposed to a caretaker who will steal much of the beans/maize/whatever and keep giving long stories.) plus a presence on site will ward off any potential squatters.
*With say 2 months vacancy each year, will still clear 150k annually for little to no effort. Which is certainly more than beans are paying.
*Idea can be scaled plot by plot by plot over time.

Toeni maono/advice/criticism/what you would change or add tusikie.

Asante in advance!

* House Plan Below

Project appears small for a DC tycoon. Avoid investing in student accommodation at all cost unless you do a big project. Thank me later for saving your coins.

How many students have you talked to in the area? What are students looking for? How far should the students go to get to school?

If you don't have the answers ni wewe ndio uko na polojo.

I agree with jones. Students want to be together, it's cool, safety in numbers etc. Your single house in the middle of a bush is not the typical student accommodation. You have to look at what the TSAVO and Qwetus and that seems to work.

Also your 1M budget i find this the most unlikely assumption you have made. You have to rethink your construction cost unless you plan to build that house with your own hands.

@amorphous, i am curious to find out how i can build what you have described above in Kahawa/Ruiru area with a milli tops. I gather from your previous posts that you know your finishings very well so i welcome a breakdown of costs. i.e., the 29 ngwanyes per square meter you mention above. Also, i welcome advice on ways i can get hold of quality finishings.

Are you using a new building technology(e.g., prefab) as opposed to the old-fashioned brick(ndarugu) and mortar?

plus or minus 10% given life happens and costs change plus please note I have been very generous with several items on the list.

Karibu

Glad to see you have left mambo za casino (NSE) and joined the big boys in the mjengo industry at long last. Slowly by slowly kila mtu will be converted . I will jenga and slaughter you a goat ukuje uonje.