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Low End Housing: High Risk, High Return
Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 10/3/2010 Posts: 35
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Its true low end housing -to include single rooms and bedsitters has very impressive returns as compared to the upper end housing.However the challenge lies in managing those houses or flats for that matter.It is a one big headache..any experiences? starting with thieving agents-They lie to you that the rooms are vacant,yet someone is paying them a lower figure directly.By the time you realize whats happening,you have lost several thousands.. Emancipate yourselves from mental slavery
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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guard wrote:Its true low end housing -to include single rooms and bedsitters has very impressive returns as compared to the upper end housing.However the challenge lies in managing those houses or flats for that matter.It is a one big headache..any experiences?
starting with thieving agents-They lie to you that the rooms are vacant,yet someone is paying them a lower figure directly.By the time you realize whats happening,you have lost several thousands.. Name and shame..?
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Chaka wrote:guard wrote:Its true low end housing -to include single rooms and bedsitters has very impressive returns as compared to the upper end housing.However the challenge lies in managing those houses or flats for that matter.It is a one big headache..any experiences?
starting with thieving agents-They lie to you that the rooms are vacant,yet someone is paying them a lower figure directly.By the time you realize whats happening,you have lost several thousands.. Name and shame..? Ati name and shame, do you think these small time caretakers or agents called bonoko Kamau or wa Gishiri will care if you name them here? Name and shame can only work for established agency firms If Obiero did it, Who Am I?
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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How unless its in a rough area of Nairobi? guard wrote:Its true low end housing -to include single rooms and bedsitters has very impressive returns as compared to the upper end housing.However the challenge lies in managing those houses or flats for that matter.It is a one big headache..any experiences?
starting with thieving agents-They lie to you that the rooms are vacant,yet someone is paying them a lower figure directly.By the time you realize whats happening,you have lost several thousands.. Sehemu ndio nyumba
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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guard wrote:Its true low end housing -to include single rooms and bedsitters has very impressive returns as compared to the upper end housing.However the challenge lies in managing those houses or flats for that matter.It is a one big headache..any experiences?
starting with thieving agents-They lie to you that the rooms are vacant,yet someone is paying them a lower figure directly.By the time you realize whats happening,you have lost several thousands.. As a check, have the caretaker to be on your side. He/She will be your eye on the ground. 'Compensate' nicely and your fear is sorted.
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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washiku wrote:guard wrote:Its true low end housing -to include single rooms and bedsitters has very impressive returns as compared to the upper end housing.However the challenge lies in managing those houses or flats for that matter.It is a one big headache..any experiences?
starting with thieving agents-They lie to you that the rooms are vacant,yet someone is paying them a lower figure directly.By the time you realize whats happening,you have lost several thousands.. As a check, have the caretaker to be on your side. He/She will be your eye on the ground. 'Compensate' nicely and your fear is sorted. There is a friend of mine who has 60 units and he collects on each.. Fear of the unknowns should never paralyse your dream. Jenga kisha uibiwe ndio ujue vile kujipanga!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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obiero wrote:obiero wrote:obiero wrote:sitaki.kujulikana wrote:obiero wrote:mungaits wrote:Hi Wazuans,
After successfully completening putting up some 20 single rooms in Kiambu county, I've decided to upscale kidogo and build bed sitters.
The single rooms measuring about 12 by 12 costed approx 3m excluding cost of the plot.
For those who have done bed sitters,
- what's the ideal dimensions
- approx cost per unit
- floor plans options
- anyone tried these new EPS technologies
If we can't upload photos and documents here, can we share on the Wazuans Google group?
(Or start a Wazuans whatsapp group without Bro Ocholla)
Asanteni
This are the site, architectural plans and artist impressions as requested: Subject property  Access Road  Front view  Entrance view   you have decided to mess the homes nearby. Minimal impact.. Assesment has been undertaken  Escavation works  Escavation result  Strip footings  Foundation layout  Foundation walling  Hardcore backfill  Murram loaded  Murram compacted  Slab wet formwork  Slab ready for curing 
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Progress is a slow process.. Get rich or die trying
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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obiero wrote:Progress is a slow process.. Get rich or die trying   kudos! Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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@Gatheuzi asante.. I have learnt more in the last 1 year than 8-4-4 could ever prepare me for.. No wonder Asians make it in life/business. Points to note: 1. Do not start your project without all approvals in hand 2. Bulk purchase of building materials will save you big time 3. The head fundi shall become closer than a friend during construction. You have to trust that person and change them very early incase of any doubt in their ability 4. Accounting for all supplies will have to be religious, otherwise you may start to believe that someone is stealing, unfounded 5. Labor costs will scare you stiff, but good labor has never be cheap
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi
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obiero wrote:@Gatheuzi asante.. I have learnt more in the last 1 year than 8-4-4 could ever prepare me for.. No wonder Asians make it in life/business. Points to note: 1. Do not start your project without all approvals in hand 2. Bulk purchase of building materials will save you big time 3. The head fundi shall become closer than a friend during construction. You have to trust that person and change them very early incase of any doubt in their ability 4. Accounting for all supplies will have to be religious, otherwise you may start to believe that someone is stealing, unfounded 5. Labor costs will scare you stiff, but good labor has never be cheap Very useful advice @Obiero
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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iris wrote:obiero wrote:@Gatheuzi asante.. I have learnt more in the last 1 year than 8-4-4 could ever prepare me for.. No wonder Asians make it in life/business. Points to note: 1. Do not start your project without all approvals in hand 2. Bulk purchase of building materials will save you big time 3. The head fundi shall become closer than a friend during construction. You have to trust that person and change them very early incase of any doubt in their ability 4. Accounting for all supplies will have to be religious, otherwise you may start to believe that someone is stealing, unfounded 5. Labor costs will scare you stiff, but good labor has never be cheap Very useful advice @Obiero @iris its all in the wazua spirit.. karibu
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Music to my ears.. Sight for sore eyes. Here's some more data pointing towards the forgotten gold.. http://www.businessdaily...500432-8gd2gn/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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And some more wood for the low cost housing fuel http://www.businessdaily...00924-lmdbqhz/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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obiero wrote:obiero wrote:obiero wrote:obiero wrote:sitaki.kujulikana wrote:obiero wrote:mungaits wrote:Hi Wazuans,
After successfully completening putting up some 20 single rooms in Kiambu county, I've decided to upscale kidogo and build bed sitters.
The single rooms measuring about 12 by 12 costed approx 3m excluding cost of the plot.
For those who have done bed sitters,
- what's the ideal dimensions
- approx cost per unit
- floor plans options
- anyone tried these new EPS technologies
If we can't upload photos and documents here, can we share on the Wazuans Google group?
(Or start a Wazuans whatsapp group without Bro Ocholla)
Asanteni
These are the site, architectural plans and artist impressions as requested: Subject property Access Road Front view Entrance view you have decided to mess the homes nearby. Minimal impact.. Assesment has been undertaken Escavation works Escavation result Strip footings Foundation layout Foundation walling Hardcore backfill Murram loaded Murram compacted Slab wet formwork Slab ready for curing Columns preparation  Columns setting  Columns final 
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Lessons being learnt daily from the book of life. Had to take down 3 of the 16 columns due to presence of honeycombs in the formation. Apparently, sight of the same is good indication that the setting was improper and could lead to structural failure, so says the overpaid structural engineer Columns setting Columns final Column final side  Hall way layout  Balcony  walling side view 
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Is that not the contractors fault?Do you have a picture of that honeycomb?
[quote=obiero]Lessons being learnt daily from the book of life. Had to take down 3 of the 16 columns due to presence of honeycombs in the formation. Apparently, sight of the same is good indication that the setting was improper and could lead to structural failure, so
says the overpaid structural engineer
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Chaka wrote:Is that not the contractors fault?Do you have a picture of that honeycomb?
[quote=obiero]Lessons being learnt daily from the book of life. Had to take down 3 of the 16 columns due to presence of honeycombs in the formation. Apparently, sight of the same is good indication that the setting was improper and could lead to structural failure, so
says the overpaid structural engineer @chaka indeed that was the contractor fault and there was little fuss over the same.. they acknowledged and re-did.. unfortunately, I deleted the honeycomb images
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 10/26/2008 Posts: 380
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