Real Estate

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...

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,...

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...

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...

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