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Owning a home with 30k? possible in Kenya?
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webish
#31 Posted : Thursday, July 25, 2013 11:51:38 AM
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Joined: 10/19/2009
Posts: 671
Location: Nairobi
@dunkang Do you get titles for that size of plot? Or how does co-owning work?

Proof of ownership?

Life is joy, death is peace, but the transition is very difficult.
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Meduza
#32 Posted : Thursday, July 25, 2013 11:56:35 AM
Rank: Member

Joined: 2/7/2013
Posts: 447
Location: Nairobi
dunkang wrote:
Am just curious, are wazuans advicing someone to buy a 15m2 apartment for KES1M? Along mombasa road?



Hata na dawa, siwezi nunua!


I think these people are using the new technique for blocks not stones. They are much cheaper unlike stones...have been following a group called 'affordable construction' on facebook, and sure if whatever they are talking about is true, then owning a house will be much cheaper thank taking that mortgage, esp if u already have a ploti
You cant win, unless you first begin....
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webish
#33 Posted : Thursday, July 25, 2013 12:20:56 PM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
@Meduza , for Suraya, I know they are using stone. And They get chinese contractors. Like their other projects.
But I know the scale is what makes it "make sense". Within a very small area, they are able to put up so many units...

Life is joy, death is peace, but the transition is very difficult.
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a4architect.com
#34 Posted : Thursday, July 25, 2013 1:10:41 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
maka wrote:
a4architect.com wrote:
[quote=dunkang]@webish, just travel to a place called zimmerman in a city called Nairobi. There, you will get plot agents who will show you sub-division plots (5m x 6.6m = 33m2) that range from 300k - 600k. From there, contribute 135k for foundation, then 200k for every completely complete floor.

So, for kes1.2m, and you took the 600k plot, you will be on second floor (i.e. 3No. 1 bedroom apartments). Since you are a millionaire and CAN NEVER stay there, rent out at 8k each, thats 24k p.m. The other 3 floors will build themselves.

Am speaking out of experience, mine is under construction just behind Home Depot supermarket, you can visit there and see it.


@dunkang..thats a very good idea. Such a pooling resources method presents the most economical method to invest in real estate in Kenya.

These guys here are looking for partners whom they can team up and realize/implement such a project.

http://a4architect.com/d...topic/joint-investment/[/quote]

@a4architect what if simeone has land around mlolongo an eigth and cabt manage to build...would this pulling of resources work for him so that he gets something small every end month or a lump some gain...


@maka. Simply start a topic with such a headline here and wait for other people to get interested in it. Your plot value will form your contribution. You will get units same as plot value contribution.

http://a4architect.com/discuss/
As Iron Sharpens Iron, So one Man Sharpens Another.
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maka
#35 Posted : Thursday, July 25, 2013 2:08:47 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
a4architect.com wrote:
maka wrote:
[quote=a4architect.com][quote=dunkang]@webish, just travel to a place called zimmerman in a city called Nairobi. There, you will get plot agents who will show you sub-division plots (5m x 6.6m = 33m2) that range from 300k - 600k. From there, contribute 135k for foundation, then 200k for every completely complete floor.

So, for kes1.2m, and you took the 600k plot, you will be on second floor (i.e. 3No. 1 bedroom apartments). Since you are a millionaire and CAN NEVER stay there, rent out at 8k each, thats 24k p.m. The other 3 floors will build themselves.

Am speaking out of experience, mine is under construction just behind Home Depot supermarket, you can visit there and see it.


@dunkang..thats a very good idea. Such a pooling resources method presents the most economical method to invest in real estate in Kenya.

These guys here are looking for partners whom they can team up and realize/implement such a project.

http://a4architect.com/d...topic/joint-investment/[/quote]

@a4architect what if simeone has land around mlolongo an eigth and cabt manage to build...would this pulling of resources work for him so that he gets something small every end month or a lump some gain...


@maka. Simply start a topic with such a headline here and wait for other people to get interested in it. Your plot value will form your contribution. You will get units same as plot value contribution.

http://a4architect.com/discuss/[/quote]

Thanx boss whats your email if i want to get in touch...
possunt quia posse videntur
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a4architect.com
#36 Posted : Thursday, July 25, 2013 2:45:31 PM
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Joined: 1/4/2010
Posts: 1,668
Location: nairobi
info@a4architect.com
As Iron Sharpens Iron, So one Man Sharpens Another.
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Modoh
#37 Posted : Thursday, July 25, 2013 7:11:54 PM
Rank: Member

Joined: 12/9/2008
Posts: 43


8k*12months = 96k

96k/900k = 12% approx.

8k is very conservative because I charge 9k for my SQ in south C!


Applause smile


Msafara wa mamba burukenge hawakosi![/b]
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  | | Edit by user: Thursday, July 25, 2013 7:13 PM | Reason: no
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