Question: I bought properties a few years ago and registered them under my son who was a minor. I’d like to dispose of the property and invest, Property rights: Caution necessary when deeding property to minor but now that he is an adult, he does not want to facilitate the transfer. How do I prevent my son from disinheriting me? Dear Reader, Given that the titles are already registered in your...
2023
A well-designed roof not only protects the house from the elements but also enhances its architectural appeal. A Guide to 5 Roof Types. The exterior of a home plays a crucial role in its overall aesthetics and functionality. Among the various elements that contribute to a house's exterior, the roof stands out as an essential component. A well-designed roof not only protects the house from the elements...
Building your own home is one of the most rewarding tasks one can undertake. Factors That Affect Construction in Kenya. It requires excellent research, proper planning, budgeting, and execution of the laid out plan for the project to be successful. One needs to engage professionals to come up with a precise figure as to how much it would cost to build your dream home. To determine this, several factors...
What is a first mortgage? understand in some scenarios, a piece of real estate may be financed by multiple mortgage loans. When this is the case, the original loan is then called the “first mortgage” or “first lien.” The new loan or subsequent loan is called the “second mortgage,” “second lien,” or “subordinate loan.” The first mortgage is considered the primary loan on the...
Emerging Trends in Kenya Real Estate. Over the years an emerging trend in Kenyan real estate has been the increase in the number of apartment units over standalone housing. One major factor contributing to this is rural-to-urban migration which means an influx in the numbers within the major cities and a demand for residential spaces. This has necessitated the maximization of space. An aerial...
Laptrust property fund posts Sh99 million profit. Property fund Laptrust Imara I-Reit made a net profit of Sh99.6 million in the six months ended June, marking its first financial report since its listing on the Nairobi Securities Exchange.Laptrust said it had made Sh167.1 million in rental income from its property portfolio which it valued at Sh6.8 billion in the review period, while utilities and...
Understanding the value of a property is critical in real estate. Benefits of Property Valuation and its importance to you. Property valuation gives you an accurate estimate of your property’s value, which can have a significant impact on many aspects of your financial life.In this post, we will look at the advantages of property valuation and explain why it is so important for homeowners, investors,...
I have read your series on leasing and licensing office spaces .How to do due diligence before purchasing land It is my long-term plan to purchase my own office space. How do I go about due diligence given the many scams in the market?CollinsDear Collins, below I will set out some factors to consider when doing due diligence for purchasing a property. Once you have identified a suitable location and...
The real estate industry is both highly competitive and immensely rewarding. Strategies to Expand Your Real Estate Business. To succeed and thrive in this dynamic field, it’s essential to have a growth-oriented mindset and employ effective strategies. Whether you’re a seasoned real estate professional or just starting out, this article presents valuable insights and actionable tips to propel your...
Kilimani is located approximately 4 kilometers from Nairobi’s Central business district. Reason to invest in Kilimani, Nairobi Kenya. It is embedded between Ngong road and Dennis Pritt Road. The neighborhood was a low-density residential area but since 2000 it has become increasingly high density, mixed residential and commercial: both retail and offices. Presently, Kilimani has a rich mix of cultures...
