Benefits of Property Valuation and its importance to you

Understanding the value of a property is critical in real estate. 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, and anyone else involved in the real estate...

How to do due diligence before purchasing land

I have read your series on leasing and licensing office spaces. 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 are ready to transact then this is where the...

Strategies to Expand Your Real Estate Business

The real estate industry is both highly competitive and immensely rewarding. 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 real estate business to new heights. Build a...

Reason to invest in Kilimani, Nairobi Kenya

Kilimani is located approximately 4 kilometers from Nairobi’s Central business district. 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 with a population consisting of individuals...

Secrets to real estate investing

Real estate is investment sector that has continued to grow both locally and internationally. Locally, its contribution to the country’s GDP has continued to grow for the past two decades, from 10.5% in 2000 to 13.8% in 2016, as per KNBS. The sector has also continued to be shaped by various trends such as infrastructural development, improving client preferences and tastes, a growing population...

Nairobi family-oriented tenants kick out noisy Airbnb renters

Mary Anzere bought a three-bedroom unit in the posh Kilimani neighbourhood and has been living quietly for the past couple of years. However, in the past one year, her quiet private life has been ruffled by new neighbours—apartment units in the same complex that are housing short-term furnished rentals popularly known as ‘Airbnbs.’ “There is too much commotion and noise coming from the...

Top Tips for First-Time Homebuyers

Five top tips for first-time homebuyers entering the market, it definitely pays to know what is coming. Being uncertain of your budget and not planning can lead to overspending and other major problems down the road. Be aware, be prepared, and keep reading to get ahead of the challenges you will face as a first-time homebuyer. Know that buying a home can be a good investment, but can also...

Court: NLC Has No Powers To Revoke Title Deeds Even If Obtained Irregularly

The Environment and Land Court has ruled that the National Lands Commission (NLC) does not have the authority to revoke title deeds, particularly on land that has never been public or government land. Judge Addraya Dena, sitting in Kwale, ruled that there is no provision allowing the commission to revoke titles even if it is proven that they were obtained illegally or irregularly. “The power to...

Court: NLC has no powers to revoke title deeds even if obtained irregularly

The Environment and Land Court has ruled that the National Lands Commission (NLC) does not have the authority to revoke title deeds, particularly on land that has never been public or government land. Judge Addraya Dena, sitting in Kwale, ruled that there is no provision allowing the commission to revoke titles even if it is proven that they were obtained illegally or irregularly. “The power to...

How to buy wholesale electricity from Kenya Power

The Energy and Petroleum Regulatory Authority (Epra) recently reviewed electricity tariffs, for the first time including a bulk tariff for a three-year period effective April 1, 2023. The tariff will allow big consumers to buy electricity in wholesale from Kenya Power at discounted price and resell it to end-users, including tenants at a profit. Here is how the deal to buy and sell power will...

Lands agency slashes foreign tea firms’ leases from 999 years to 99

The National Land Commission (NLC) has ordered that all 999-year-old land leases to multinational tea companies in Kericho, Bomet and Nandi counties be converted to the constitutional requirement of 99 years. NLC announced the decision in a Gazette notice No. 4512 dated April 6. The decision has brought joy to members of the Talai clan and the Kipsigis community who have been...

Bungled shift to one-stop-shop delays billions of investments

It was billed as a game-changing one-stop-shop, but two years since its launch, Ardhi Sasa is the bane of many stakeholders in the real estate sector. Lawyers, property financiers, property agents and surveyors estimate that transactions worth at least Sh100 billion are stalled at Ardhi House due to the inefficiency of the Ardhi Sasa system--an online national land information system-- on delivering on...

The Ultimate Guide to Property Management

Suppose you decide to purchase real estate to rent it out and generate passive income, then you need proper guidance to make the most of your investment. If you do not have the time or capacity to manage your rental property yourself, then consider outsourcing this task to a property manager. In either case, you need to properly understand how property management works. What is Property...

7 Tips To Make A Small Bathroom Look Bigger

Let us face it; if you are living in an apartment, you probably do not have that dream bathroom featuring a Jacuzzi tub and walk-in shower. You are probably cramped on space and do not have the opportunity to make any big changes. However, there are a few things you can do to optimize the space and make the bathroom look bigger than it actually is. You do not need to be an interior designer or undergo a...

South Korea gives Konza smart city new lease of life

Kenya’s push to actualize a smart city at the Konza Technopolis has gained momentum with the roll-out of four new projects. The projects, under its second phase, are an Intelligent Transport System (ITS) and Integrated Control Centre, the establishment of a Startup Ecosystem, the development of Smart Logistics in Konza and the development of the Konza-Nairobi Corridor Transport Network. The four...

Understand Why Location Matters in Real Estate

Ask just about any real estate agent to list the three most important things a property should have, and you will likely hear: “location, location, location.” But why does location matter so much? For starters, you cannot move a home at least not easily or inexpensively. When you buy a home in a good location, it is usually a solid long-term investment. Real estate agents often advise their...

Secrets to real estate investing

Real estate is investment sector that has continued to grow both locally and internationally. Locally, its contribution to the country’s GDP has continued to grow for the past two decades, from 10.5% in 2000 to 13.8% in 2016, as per KNBS. The sector has also continued to be shaped by various trends such as infrastructural development, improving client preferences and tastes, a growing population as...

5 Steps to Earning Passive Income with a Rental Property

Passive income is money that you earn without a regular daily time investment. Creating a passive income stream from rental income involves work upfront but allows you to reap financial rewards for years to come. One common passive income stream is real estate investing and rental management. Step 1: Research, Research, Research Before you even think about buying a rental property, you’ll need to do a...

9 Factors to Consider When Looking for a New Apartment

Whether it’s your first rental experience or your last, finding the perfect apartment that fits both your lifestyle and budget is never easy. Before you sign that lease, keep these 10 very important considerations in mind while apartment hunting. The Price First and foremost, can you reasonably afford to live there? Before seriously considering an apartment, you need to seriously...

3 Common Moving Mistakes To Avoid

Not putting a plan in Place Seemingly small moves, like packing up a studio apartment to move just across town, can be nerve-racking and costly if they’re not well-planned. If you don’t plan, you’re planning to fail. You should start planning your move a few months before. Create a checklist of what needs to be done so that your move is smooth. Scheduling Last Minute Timing is...

Property rights: Caution necessary when deeding property to minor

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, 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 son’s name, the only way for you to prevent him from exercising...

A Guide to 5 Roof Types

A well-designed roof not only protects the house from the elements but also enhances its architectural appeal. 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 but also enhances its...

FACTORS THAT AFFECT CONSTRUCTION COSTS IN KENYA

Building your own home is one of the most rewarding tasks one can undertake. 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 should be considered such as house design,...

WHAT IS A FIRST MORTGAGE?

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 view of the Nairobi City | pc: Google...

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 interest income contributed Sh36.2 million to the...

Compare listings

Compare