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What Housing Units options available?
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AE
#1 Posted : Monday, July 28, 2014 6:24:00 PM
Rank: New-farer

Joined: 7/28/2014
Posts: 14
Housing Units For Sale

Hi Wazuans;

I wish to obtain a mortgage from my employer. The mortgage is at a favorable rate of 5%. I intend to take 5 Million and repay it in 10 years.

What are the options available within a 20Km radius from the NRB city centre?

I would prefer stand alone units.
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  | | Edit by moderator: Monday, March 02, 2015 12:42 PM | Reason: title clarified; respectfully
Chaka
#2 Posted : Monday, July 28, 2014 6:47:52 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
From the heading of your post,guys will think you are selling houses?
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Othelo
#3 Posted : Monday, July 28, 2014 6:52:10 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
You have read the thread on mortgage or not... hapo chini..... i hope so!

5% remember there is the Nyachae law of taxation!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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AE
#4 Posted : Wednesday, July 30, 2014 9:34:31 AM
Rank: New-farer

Joined: 7/28/2014
Posts: 14
Othelo wrote:
You have read the thread on mortgage or not... hapo chini..... i hope so!

5% remember there is the Nyachae law of taxation!


@Othelo, I have read the thread on mortgage and I feel the rate is low compared to the market rate hence my decision.

Nyachae law on taxation...educate me on this?
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mawinder
#5 Posted : Wednesday, July 30, 2014 9:41:10 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
AE wrote:
Othelo wrote:
You have read the thread on mortgage or not... hapo chini..... i hope so!

5% remember there is the Nyachae law of taxation!


@Othelo, I have read the thread on mortgage and I feel the rate is low compared to the market rate hence my decision.

Nyachae law on taxation...educate me on this?

Fringe benefits taxation!!!!!
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kasibitta
#6 Posted : Wednesday, July 30, 2014 11:21:07 AM
Rank: Member

Joined: 2/7/2014
Posts: 155
@mawinder...will the fringe benefit apply even to those i.e banks who may have been paying for their staff.This is because at the moment the fringe benefit may not be much but when KRA rate goes up, then thats where the catch is.

@AE....the past two weekends i have gone round kiambu road, waiyaki way and mombasa road.I never saw a standalone unit for that price of 5M, unless you are topping up cash.On the contrary,i was shocked to learn of apartments going for 15M for a 3br on waiyaki way near Uthiru.You may have to revise your figures.The cheapest standalone i came across was 10M
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AE
#7 Posted : Wednesday, July 30, 2014 12:28:57 PM
Rank: New-farer

Joined: 7/28/2014
Posts: 14
kasibitta wrote:
@mawinder...will the fringe benefit apply even to those i.e banks who may have been paying for their staff.This is because at the moment the fringe benefit may not be much but when KRA rate goes up, then thats where the catch is.

@AE....the past two weekends i have gone round kiambu road, waiyaki way and mombasa road.I never saw a standalone unit for that price of 5M, unless you are topping up cash.On the contrary,i was shocked to learn of apartments going for 15M for a 3br on waiyaki way near Uthiru.You may have to revise your figures.The cheapest standalone i came across was 10M



Those figures are high.... Thanks for the information. I will scout for more and then see the way forward.

I do not intend to top up. However I have an option of revising the the amount downward to say 3.5 Million and buy land within the same radius and repay it within 5 years.
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webish
#8 Posted : Wednesday, July 30, 2014 1:12:07 PM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
AE wrote:

Hi Wazuans;

I wish to obtain a mortgage from my employer. The mortgage is at a favorable rate of 5%. I intend to take 5 Million and repay it in 10 years.

What are the options available within a 20Km radius from the NRB city centre?

I would prefer stand alone units.


You will probably only get Apartments for that budget.. Some of which are actually good bargains..

Must it be Stand alone?

Life is joy, death is peace, but the transition is very difficult.
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AE
#9 Posted : Wednesday, July 30, 2014 1:55:06 PM
Rank: New-farer

Joined: 7/28/2014
Posts: 14
webish wrote:
AE wrote:

Hi Wazuans;

I wish to obtain a mortgage from my employer. The mortgage is at a favorable rate of 5%. I intend to take 5 Million and repay it in 10 years.

What are the options available within a 20Km radius from the NRB city centre?

I would prefer stand alone units.


You will probably only get Apartments for that budget.. Some of which are actually good bargains..

Must it be Stand alone?


I can consider apartments too. Just name the good ones; I will visit them and evaluate.
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kamundu
#10 Posted : Wednesday, July 30, 2014 1:59:59 PM
Rank: Member

Joined: 5/9/2011
Posts: 786
Location: Mashinani
Buy land instead. Nyumba na hiyo bei huwesmek
Peace in our Homeland.
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