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4 family (3 bed/2bath) flat budget Ksh. 5m
Rank: Member Joined: 10/31/2010 Posts: 154
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a4architect.com wrote:@justkiwi, pennystocker's house is 280m2. Cost of construction in kenya for middle class range of buildings is kes 25,000 to kes 30,000 per m2. This brings to 280m2 x kes 25,000 per m2 =kes 7m.
Fundis are specialists in building craftsmanship, not construction cost estimation, which is reserved for Quantity Surveyors. @a4arc.....well said, sir! “None but ourselves can free our minds.”
- Bob Marley
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Rank: Member Joined: 10/31/2010 Posts: 154
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josimar wrote:@pennystocker , can I understand the ground floor has 2 ( 3bedroom houses) and similarly the upper part has 2 ( 3 bedroom houses) ? @josimar...yes! All four units (2 ground floor/2 upper floor) are 3bed/2bath....master en suite.....lounge and separate dining room! “None but ourselves can free our minds.”
- Bob Marley
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Rank: Elder Joined: 10/9/2008 Posts: 5,389
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Penny-Stocker wrote:josimar wrote:@pennystocker , can I understand the ground floor has 2 ( 3bedroom houses) and similarly the upper part has 2 ( 3 bedroom houses) ? @josimar...yes! All four units (2 ground floor/2 upper floor) are 3bed/2bath....master en suite.....lounge and separate dining room! What if you had gotten rid of the dining room and 3rd bedroom such that you ended up with three 2bdrm units per floor. Would that have given you more rent? ie for 3bdrms 25k x 4 = 100k for 2brmd 20k x 6 = 120k.
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Rank: Member Joined: 10/31/2010 Posts: 154
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jaggernaut wrote:Penny-Stocker wrote:josimar wrote:@pennystocker , can I understand the ground floor has 2 ( 3bedroom houses) and similarly the upper part has 2 ( 3 bedroom houses) ? @josimar...yes! All four units (2 ground floor/2 upper floor) are 3bed/2bath....master en suite.....lounge and separate dining room! What if you had gotten rid of the dining room and 3rd bedroom such that you ended up with three 2bdrm units per floor. Would that have given you more rent? ie for 3bdrms 25k x 4 = 100k for 2brmd 20k x 6 = 120k. @jagger....wouldn't you think? I did learn a lot of stuff along the way...This was my first apartment project....I did two bungalows before that.....and that's why my next project is 6 units of 2bed/1bath and no dining....there's a lot of market demand for that in my neck of the woods! “None but ourselves can free our minds.”
- Bob Marley
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Rank: Hello Joined: 6/7/2013 Posts: 3
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@ Penny-stocker , Please try 2 bed and 1 bed mixture , i have 2 bed 6 Units in Mamboleo close to Consolata Hospital giving 18k each and another 1 bed giving 13k , wall fence , electric fence and bore hole onsite . Based on the info i have there is huge demand for 1 bed
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Rank: Member Joined: 10/31/2010 Posts: 154
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SAPGURU wrote:@ Penny-stocker , Please try 2 bed and 1 bed mixture , i have 2 bed 6 Units in Mamboleo close to Consolata Hospital giving 18k each and another 1 bed giving 13k , wall fence , electric fence and bore hole onsite . Based on the info i have there is huge demand for 1 bed
@SAPGURU....you just nailed it!! I think Kisumu is ripe for 1 and 2 bed development! “None but ourselves can free our minds.”
- Bob Marley
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Rank: Hello Joined: 3/18/2013 Posts: 3
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Hi Penny-stocker and SAPGURU, Can any of you provide me with leads on how I can acquire a plot in Mamboleo or Riat? My address is anthonyadongo@gmail.comThe work you've done and information sharing is commendable.
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Rank: Member Joined: 5/10/2008 Posts: 6
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Foundation complete - Ksh. 530,000. Now it's time to begin walling for the bottom units!
Hello Penny-Stocker,
Could you kindly provide a break down for your foundation cost. Does this include the floor slab?
I'm at the point of starting a foundation.
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Rank: New-farer Joined: 8/25/2012 Posts: 32
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The photos look nice, and the story too. anyway just wanted to bring this topic closer to the top.
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Rank: Hello Joined: 8/24/2014 Posts: 5
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Hi guys I need a plot in within kisumu city neighborhoods,please advice of any genuine seller,
controlled or non controlled with ready titles
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Rank: Member Joined: 10/31/2010 Posts: 154
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@Dikembe, how much do you need, what's your budget, and where in Kisumu (Riat, Kajulu,Nyalenda...etc)? Prices in Kisumu are scary at the moment and I don't see them coming down any time soon. A friend of mine acquired 0.6 acre for 1.5m right behind Coptic Church in Kajulu hills in February. I heard the owner wanted 2m but somehow he was able to negotiate because no agents were involved. Good luck! “None but ourselves can free our minds.”
- Bob Marley
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Rank: Hello Joined: 8/24/2014 Posts: 5
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@Penny,Anywehere Along Kisumu Busia Highway 1/4 OR 1/2 an acre this will depend on the quotation and my budget as well.
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Rank: Member Joined: 10/31/2010 Posts: 154
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dikembedikembe wrote:@Penny,Anywehere Along Kisumu Busia Highway 1/4 OR 1/2 an acre this will depend on the quotation and my budget as well. Kisumu/Busia road is very pricy and land is hard to come by unless you go beyond Kisian, towards Daraja Mbili/Maseno area. I hope you find something! “None but ourselves can free our minds.”
- Bob Marley
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Rank: Member Joined: 7/6/2010 Posts: 242
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@ Penny-Stocker , Have You started renting Our Your units ? Post Your latest photos of the houses if You can.
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Rank: Member Joined: 1/15/2015 Posts: 681 Location: Kenya
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@ Penny-Stocker, congrats man. About to start a project in Nyahururu, first timer. Doing my calculations and plan to hit ground Feb. Challenges would be very much welcomed.
60% Learning, 30% synthesizing, 10% Debating
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Rank: Member Joined: 3/12/2011 Posts: 108
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Thitifini wrote:@ Penny-Stocker, congrats man. About to start a project in Nyahururu, first timer. Doing my calculations and plan to hit ground Feb. Challenges would be very much welcomed. Thitifini - where about in Nyahururu? What kind of project are you starting?
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Rank: Member Joined: 1/15/2015 Posts: 681 Location: Kenya
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Ndaragwa wrote:Thitifini wrote:@ Penny-Stocker, congrats man. About to start a project in Nyahururu, first timer. Doing my calculations and plan to hit ground Feb. Challenges would be very much welcomed. Thitifini - where about in Nyahururu? What kind of project are you starting? Am planning low end construction near town. Will share buz model once I've fully designed.
60% Learning, 30% synthesizing, 10% Debating
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Rank: Member Joined: 1/29/2009 Posts: 85
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I am selling a 3BR near Yukos - kitengela. Completely fenced with a strong wall with its own compound at just 8M ono. Viewing is free. Email me if interested to see it
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Rank: Member Joined: 1/15/2015 Posts: 681 Location: Kenya
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Planning to see a retirement place generating income before I think bout loans and homes. Still too young to think past 10yrs with no long term income on investment yet.
60% Learning, 30% synthesizing, 10% Debating
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Rank: Member Joined: 10/31/2010 Posts: 154
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josimar wrote:@ Penny-Stocker , Have You started renting Our Your units ? Post Your latest photos of the houses if You can. Project was completed and all the 4 units occupied! Ended up spending extra 2.5m for a total of 7.5m! Thanks to those who followed the project!   “None but ourselves can free our minds.”
- Bob Marley
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4 family (3 bed/2bath) flat budget Ksh. 5m
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