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DANGEROUS.....BUYING A HOUSE / HOME IN A FLAT
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mjuaji wa stocks
#1 Posted : Monday, October 04, 2010 4:15:33 PM
Rank: Member

Joined: 1/16/2010
Posts: 672
Location: nairobi
I have of late been thinking of those people who bought flats i.e a house in a second or third floor or any floor above the ground floor!!!

What happens incase of say an earthquake or any other calamity that destroys such a bulding???

How do you rebuild your house esp. if the guy on the ground floor does not cooperate or lacks cash???

Is this a case where your home ownership is under the mercy of someone else??
God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!
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kyukkamba
#2 Posted : Monday, October 04, 2010 4:20:40 PM
Rank: Member

Joined: 5/28/2010
Posts: 151
This is the Abunuasi's story....Laughing out loudly .."Hold your 01st Floor I wanna destrol my ground floor"...You8 must buy the 1st floor too otherwise u r in shit...Sad
Ni Uhuru wa Mbesha...Niguo kana tiguo?
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young
#3 Posted : Monday, October 04, 2010 4:32:35 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,074
Location: Lagos, Nigeria
he he he
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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KIRTI
#4 Posted : Monday, October 04, 2010 4:42:25 PM
Rank: Member

Joined: 8/17/2010
Posts: 116
mjuaji wa stocks wrote:
I have of late been thinking of those people who bought flats i.e a house in a second or third floor or any floor above the ground floor!!!

What happens incase of say an earthquake or any other calamity that destroys such a bulding???

How do you rebuild your house esp. if the guy on the ground floor does not cooperate or lacks cash???

Is this a case where your home ownership is under the mercy of someone else??

I have my flat on 1St floor. We have registered
society & each flat holders got one share of limited company.We are paying monthly maintanance charges which include Security, backup charges, Garderner salary, common electricity, dustbin collection charges, general maintanance plus Insurance cover for whole premises which includes all flat, boundry wall & common area. Insurance covered All Risk, Riot, Earthquake etc.
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Gordon Gekko
#5 Posted : Monday, October 04, 2010 4:49:35 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Create a management company where each apartment owner has an equal share. Contribute service charge (each month or as agreed) to manage the block. Part of the management will be payment of insurance for the block.
In the event of a peril, the insurance company will compensate the company for the loss, proceeds of which can be used to reconstruct.
If you cant agree on a common insurance insurance, as is nearly always the case, cover your individual apartment, when compensated, buy another flat elsewhere and leave the bastard who never insured to hold the debris oops can.
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nostoppingthis
#6 Posted : Monday, October 04, 2010 4:52:17 PM
Rank: Chief

Joined: 8/24/2009
Posts: 5,909
Location: Nairobi
hii concept ya kunua ka-nyumba suspended in the air, i really find hard to accpet..but @kirti seems to like it
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mjuaji wa stocks
#7 Posted : Monday, October 04, 2010 4:53:00 PM
Rank: Member

Joined: 1/16/2010
Posts: 672
Location: nairobi
@KIRTI......Yaani own a home and then pay premiums for your home….aaaaaihh!!!

I find that an unnecessary burden. Home should be a place you are free from uncontrolled expenses….hiyo sitaki!
God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!
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Jamani
#8 Posted : Monday, October 04, 2010 5:07:16 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
mjuaji wa stocks wrote:
@KIRTI......Yaani own a home and then pay premiums for your home….aaaaaihh!!!

I find that an unnecessary burden. Home should be a place you are free from uncontrolled expenses….hiyo sitaki!


@mjuaji all homes worthy calling a home have a cost, hata kama ni stand alone it has a cost on insurance, land rates, security charges or your own, waste charges, water/power. maintenance charges rangi na kadhilika... the cost is not only on a flat its across board
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Mtublack
#9 Posted : Monday, October 04, 2010 5:08:27 PM
Rank: Member

Joined: 11/18/2009
Posts: 175
nostoppingthis wrote:
hii concept ya kunua ka-nyumba suspended in the air, i really find hard to accpet..but @kirti seems to like it

though you may not agree with me this is the way to go now and in future there is only so much land to go round for every body. well i also want to own a plot i may do that but its not going to last
Some you win some you lose
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Mtublack
#10 Posted : Monday, October 04, 2010 5:16:55 PM
Rank: Member

Joined: 11/18/2009
Posts: 175
Jamani wrote:
mjuaji wa stocks wrote:
@KIRTI......Yaani own a home and then pay premiums for your home….aaaaaihh!!!

I find that an unnecessary burden. Home should be a place you are free from uncontrolled expenses….hiyo sitaki!


@mjuaji all homes worthy calling a home have a cost, hata kama ni stand alone it has a cost on insurance, land rates, security charges or your own, waste charges, water/power. maintenance charges rangi na kadhilika... the cost is not only on a flat its across board


spot on
if anything its cheaper in a flat consider having to employ your own watchman and garderner and all that and then you have to supervise them in a flat you outsource that since the cost is shared to security company(not necessary G4S) and cleaning companies and you are hassle free.
all option have their advantages and disadvantages it all depends on your bias

anyway for a society where people start by buying a piece of land that they dont need upcountry as soon as they get their first job its going to be very hard tio sell to them the idea of owning a "suspended house in the air"
Some you win some you lose
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