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4 family (3 bed/2bath) flat budget Ksh. 5m
Jalul
#221 Posted : Sunday, July 17, 2016 1:14:48 AM
Rank: Hello


Joined: 2/14/2013
Posts: 7
Location: Pretoria
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!

@a4architect, would you seriously consider using ISSB bricks for similar projects, would there be substantial savings?
kiwaru
#222 Posted : Monday, July 18, 2016 9:50:23 AM
Rank: Member


Joined: 8/5/2011
Posts: 125
@Penny-Stocker
Naomba contact ya fundi wako. musaowino@yahoo.com
Penny-Stocker
#223 Posted : Wednesday, July 20, 2016 4:09:48 AM
Rank: Member


Joined: 10/31/2010
Posts: 154
kiwaru wrote:
@Penny-Stocker
Naomba contact ya fundi wako. musaowino@yahoo.com

Oses, unfortunately, I don't have that at the moment. By the way, I fired my original guy after I found out that I was paying him yet he was telling those whom he hired that I wasn't paying. Waligoma siku moja and that's how I came to know. That was the last day he was at my site. I then hired this dude who did alright. One thing you'll have to consider is getting bids for different phases of your project..i.e masonry, roofing (from a roofer/carpenter not fundi wa mawe, plaster guy, key guy nakadhalika.. Next time I get home, I'll track down the digits and share, if you'll still be in need then! Below is the result!





“None but ourselves can free our minds.”
- Bob Marley
sitaki.kujulikana
#224 Posted : Tuesday, August 02, 2016 10:13:51 AM
Rank: Veteran


Joined: 8/25/2012
Posts: 1,826
@Penny-Stocker great the way you broke down and provided the information for the building, good work hapo.
just a kidogo request, might seem a bit obvious but can you provide the same break down for that cabro work.
kiwaru
#225 Posted : Tuesday, August 02, 2016 1:38:52 PM
Rank: Member


Joined: 8/5/2011
Posts: 125
Penny-Stocker wrote:
kiwaru wrote:
@Penny-Stocker
Naomba contact ya fundi wako. musaowino@yahoo.com

Oses, unfortunately, I don't have that at the moment. By the way, I fired my original guy after I found out that I was paying him yet he was telling those whom he hired that I wasn't paying. Waligoma siku moja and that's how I came to know. That was the last day he was at my site. I then hired this dude who did alright. One thing you'll have to consider is getting bids for different phases of your project..i.e masonry, roofing (from a roofer/carpenter not fundi wa mawe, plaster guy, key guy nakadhalika.. Next time I get home, I'll track down the digits and share, if you'll still be in need then! Below is the result!






I hope the name of the contractor is not Geo...
ekahindi
#226 Posted : Tuesday, August 02, 2016 4:50:04 PM
Rank: New-farer


Joined: 5/8/2011
Posts: 45
@pennystockproject I intend to start early 2017,kindly send me your email to edgarkib.kibinge@gmail.com.Thanks
Penny-Stocker
#227 Posted : Thursday, August 04, 2016 6:51:31 AM
Rank: Member


Joined: 10/31/2010
Posts: 154
sitaki.kujulikana wrote:
@Penny-Stocker great the way you broke down and provided the information for the building, good work hapo.
just a kidogo request, might seem a bit obvious but can you provide the same break down for that cabro work.

Bought cabro 120,000 pieces -can't remember how much a piece - and dust myself. Paid 28K for labor.
“None but ourselves can free our minds.”
- Bob Marley
obiero
#228 Posted : Monday, August 15, 2016 10:31:39 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Penny-Stocker wrote:
sitaki.kujulikana wrote:
@Penny-Stocker great the way you broke down and provided the information for the building, good work hapo.
just a kidogo request, might seem a bit obvious but can you provide the same break down for that cabro work.

Bought cabro 120,000 pieces -can't remember how much a piece - and dust myself. Paid 28K for labor.

@pennystocker kindly inform total cost of foundation substructure upto ground level flooring

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
enyands
#229 Posted : Monday, August 15, 2016 11:24:03 AM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
ekahindi wrote:
@pennystockproject I intend to start early 2017,kindly send me your email to edgarkib.kibinge@gmail.com.Thanks



As a precautions @ekahindi it's not good to expose your email just plainly like that .you never know who can access it to fish for info.better written as Edgarkib dot kibinge-at-gmail dot Com.thank me later
obiero
#230 Posted : Monday, August 15, 2016 12:07:22 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
enyands wrote:
ekahindi wrote:
@pennystockproject I intend to start early 2017,kindly send me your email to edgarkib.kibinge@gmail.com.Thanks



As a precautions @ekahindi it's not good to expose your email just plainly like that .you never know who can access it to fish for info.better written as Edgarkib dot kibinge-at-gmail dot Com.thank me later

The truth

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
enyands
#231 Posted : Monday, August 15, 2016 12:08:53 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
obiero wrote:
enyands wrote:
ekahindi wrote:
@pennystockproject I intend to start early 2017,kindly send me your email to edgarkib.kibinge@gmail.com.Thanks



As a precautions @ekahindi it's not good to expose your email just plainly like that .you never know who can access it to fish for info.better written as Edgarkib dot kibinge-at-gmail dot Com.thank me later

The truth


smile
Sober
#232 Posted : Monday, August 15, 2016 1:39:35 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
Penny-Stocker wrote:
sitaki.kujulikana wrote:
@Penny-Stocker great the way you broke down and provided the information for the building, good work hapo.
just a kidogo request, might seem a bit obvious but can you provide the same break down for that cabro work.

Bought cabro 120,000 pieces -can't remember how much a piece - and dust myself. Paid 28K for labor.


I have installed Cabro at a rate of Ksh 1,100 per square metre around Nairobi. Delivered from Bambauri. Multiply that by the area you are considering and you will get the total cost for that.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
obiero
#233 Posted : Monday, August 15, 2016 2:01:00 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,464
Location: nairobi
Sober wrote:
Penny-Stocker wrote:
sitaki.kujulikana wrote:
@Penny-Stocker great the way you broke down and provided the information for the building, good work hapo.
just a kidogo request, might seem a bit obvious but can you provide the same break down for that cabro work.

Bought cabro 120,000 pieces -can't remember how much a piece - and dust myself. Paid 28K for labor.


I have installed Cabro at a rate of Ksh 1,100 per square metre around Nairobi. Delivered from Bambauri. Multiply that by the area you are considering and you will get the total cost for that.

@sober hope Bambauri and Bamburi are one and the same.. Hatutaki bonoko Drool

HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
tnai9
#234 Posted : Friday, September 16, 2016 8:15:01 AM
Rank: Member


Joined: 6/21/2010
Posts: 345
Location: easto
Fujo wrote:
Penny-stocker, i am interested in getting a plot in the Kisumu area, maybe even the Mamboleo area.

Do you know of any trustworthy sellers/real estate agents that i can work with?


@Fujo
Did you get the plot around this area? Will be there in a weeks time to also look for a plot. Any reliable contacts I could use with info on plots in Mamboleo/Migosi/Lolwe? - SAPGURU, Penny-Stocker kindly assist here.

What are the going rates for a prime plot 1/4 or 1/8 for constructing apartments?
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." ― Charles Bukowski
amorphous
#235 Posted : Sunday, July 05, 2020 9:22:14 AM
Rank: Member


Joined: 5/15/2019
Posts: 666
Location: planet earth
young wrote:
@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%.


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.



Regards



You are a certified genius, brother! I know this is an old thread but asante sana for this helpful advice!
This setup will work very well for plots in areas with middle class and above neighbours. Despite high returns, bedsitters will not only be an eyesore but finding tenants there will be a task as most of these areas are leafy burbs some distance from town with homeowners traveling by car rather than public transport. I especially love the phased component aspect of it, much like someone building their personal maisonette in phases. Perfect for building with zero loans!
I think a decent setup would be to build 8 maisonettes on 0.4ha in a gated setup with each occupying a built up area of 0.025 to 0.03 ha. That way each maisonette will have plenty of green space for the totos to run around. I can even do 7 and then leave an empty lot for a garden for BBQs, kids swings or even a small pool with poolhouse to attract an even higher-brow element. Asante tena for this insight.

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