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Low End Housing: High Risk, High Return
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Gatheuzi
#161 Posted : Tuesday, April 18, 2017 7:22:35 AM
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Joined: 8/16/2009
Posts: 994
I like the way the stone dressing wa done. It will give a good rugged finish to the property.
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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obiero
#162 Posted : Tuesday, April 18, 2017 8:12:33 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,962
Location: nairobi
Mkimwa wrote:
Update??

Columns were redone

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obiero
#163 Posted : Tuesday, April 18, 2017 8:14:24 AM
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Joined: 6/23/2009
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Location: nairobi
Gatheuzi wrote:
I like the way the stone dressing wa done. It will give a good rugged finish to the property.

Thanks @Gatheuzi.. Adds KES 7 per foot of stones, but guess it is worth

KQ ABP 4.48; MTN ABP 5.20
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Gathige
#164 Posted : Tuesday, April 18, 2017 4:45:54 PM
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Joined: 3/29/2011
Posts: 2,242
obiero wrote:
Gatheuzi wrote:
I like the way the stone dressing wa done. It will give a good rugged finish to the property.

Thanks @Gatheuzi.. Adds KES 7 per foot of stones, but guess it is worth



@Obiero, can i get the contacts of the fundi who dressed the stones? Would be interested in him dressing stones for me too.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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obiero
#165 Posted : Tuesday, April 18, 2017 5:54:19 PM
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Joined: 6/23/2009
Posts: 13,962
Location: nairobi
Gathige wrote:
obiero wrote:
Gatheuzi wrote:
I like the way the stone dressing wa done. It will give a good rugged finish to the property.

Thanks @Gatheuzi.. Adds KES 7 per foot of stones, but guess it is worth



@Obiero, can i get the contacts of the fundi who dressed the stones? Would be interested in him dressing stones for me too.

Yes I can share the contact.. Will need his go ahead of course. Then we can DM on twitter. Meanwhile, the World Bank says this about the housing situation http://www.businessdaily...93496-wh3ydiz/index.html

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obiero
#166 Posted : Wednesday, April 26, 2017 8:03:26 PM
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Joined: 6/23/2009
Posts: 13,962
Location: nairobi
Additional lesson in real estate; try to always challenge the thought pattern of your project team. Obviously you will not over-ride the professionals, but learn to question their suggestions based on logic. The manner of querying should be subtle of course so as not to damage any huge egos..
Outer walling

Internal partition

Front entry wall complete

Corridor wall complete



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Chaka
#167 Posted : Wednesday, April 26, 2017 8:38:06 PM
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Joined: 2/16/2007
Posts: 2,114
@obiero,how much Kshs have you spent so far?
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obiero
#168 Posted : Wednesday, April 26, 2017 8:50:27 PM
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Location: nairobi
Chaka wrote:
@obiero,how much Kshs have you spent so far?

Its not much. Below KES 5m; land inclusive

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mkenyan
#169 Posted : Thursday, June 08, 2017 1:10:42 PM
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Joined: 4/1/2009
Posts: 1,884
obiero, what is the size of your land, and whats the size of the building - dimensions?
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obiero
#170 Posted : Thursday, June 08, 2017 3:01:33 PM
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Location: nairobi
mkenyan wrote:
obiero, what is the size of your land, and whats the size of the building - dimensions?

Its half an acre.. Building dimensions are on this thread

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obiero
#171 Posted : Thursday, August 24, 2017 6:57:02 PM
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Joined: 6/23/2009
Posts: 13,962
Location: nairobi
Helios in action http://www.constructionk...t-hostels-nairobi-kenya/

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obiero
#172 Posted : Saturday, September 09, 2017 9:56:57 PM
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Joined: 6/23/2009
Posts: 13,962
Location: nairobi

















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Flo-ology
#173 Posted : Sunday, September 10, 2017 8:55:09 AM
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Joined: 12/17/2016
Posts: 225
obiero wrote:










Hongera Bwana Obiero. Inspired
Reflection Eternal
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obiero
#174 Posted : Sunday, September 10, 2017 10:50:57 AM
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Joined: 6/23/2009
Posts: 13,962
Location: nairobi
Flo-ology wrote:

Hongera Bwana Obiero. Inspired

@flo-ology.. inspired too. will share the learning points over time to first time real estate entrants in the wazua republic. cheers

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Jon_Gray
#175 Posted : Sunday, September 10, 2017 5:31:23 PM
Rank: New-farer


Joined: 8/16/2017
Posts: 20
obiero wrote:
Flo-ology wrote:

Hongera Bwana Obiero. Inspired

@flo-ology.. inspired too. will share the learning points over time to first time real estate entrants in the wazua republic. cheers


Nice work. Are you using matofali for internal walls?
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obiero
#176 Posted : Sunday, September 10, 2017 6:38:22 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,962
Location: nairobi
Jon_Gray wrote:
obiero wrote:
Flo-ology wrote:

Hongera Bwana Obiero. Inspired

@flo-ology.. inspired too. will share the learning points over time to first time real estate entrants in the wazua republic. cheers


Nice work. Are you using matofali for internal walls?

Cheers. Yes. All non-load bearing walls are brick

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Surething
#177 Posted : Wednesday, September 13, 2017 10:01:55 PM
Rank: New-farer


Joined: 7/12/2016
Posts: 39
Location: Nairobi
Inspiring progress..I took the plunge after years of dreaming & planning on 20th May, 2017. Building a two storey apartment block composed of six 3 bedroomed units.. Taken a well deserved break (went broke) after walling & partitioning the ground floor.

I distinctly remember the palpitations I suffered thanks to cost overruns caused by challenging ground conditions. There I was peering into the extensive foundation trenches wondering what had I gotten myself into.... However it is so worth it. Determined to finish this project.... The hardest part was starting.
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Fullykenyan
#178 Posted : Thursday, September 14, 2017 10:04:51 PM
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Joined: 7/27/2014
Posts: 560
Location: Eastlando
Surething wrote:
Inspiring progress..I took the plunge after years of dreaming & planning on 20th May, 2017. Building a two storey apartment block composed of six 3 bedroomed units.. Taken a well deserved break (went broke) after walling & partitioning the ground floor.

I distinctly remember the palpitations I suffered thanks to cost overruns caused by challenging ground conditions. There I was peering into the extensive foundation trenches wondering what had I gotten myself into.... However it is so worth it. Determined to finish this project.... The hardest part was starting.



Nice. Congraulation. Do you have pictures?
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Chaka
#179 Posted : Friday, September 15, 2017 7:00:41 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
Your plan was to sell or rent?

Surething wrote:
Inspiring progress..I took the plunge after years of dreaming & planning on 20th May, 2017. Building a two storey apartment block composed of six 3 bedroomed units.. Taken a well deserved break (went broke) after walling & partitioning the ground floor.

I distinctly remember the palpitations I suffered thanks to cost overruns caused by challenging ground conditions. There I was peering into the extensive foundation trenches wondering what had I gotten myself into.... However it is so worth it. Determined to finish this project.... The hardest part was starting.

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Jon_Gray
#180 Posted : Sunday, October 01, 2017 5:49:30 PM
Rank: New-farer


Joined: 8/16/2017
Posts: 20


I have a couple of questions on low cost/affordable housing.
This is not entirely low cost housing but what is the profit a developer is expecting from a project like this in Milimani Kitegela? Assuming the plot is 1M and the build is 4.5M the profit should be 2.0M (offered for sale at 6.5M). Is this what people are clearing?
And at this price range, how long are developers waiting to clear the houses?
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