Wazua
»
Investor
»
Property
»
4 family (3 bed/2bath) flat budget Ksh. 5m
Rank: Veteran Joined: 7/3/2007 Posts: 1,635
|
young wrote:[quote=Wakanyugi]
Congrats @wakanyugi, hope you will also consider building some rental units for income
now that you know the techniques.
I am one of the "late converts" in real estate and my experience in the 5 past years has really paid off, though one should compliment with blue chip stocks to balance it.
Thanks Mzee Young. I am working on just such a rental units plan, as soon as I clear my mortgage on the family home, which I should do soon. I might even be tempted to convert the current, 'retirement,' project into a rental if I get a good deal. "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
|
|
|
Rank: Veteran Joined: 2/21/2012 Posts: 1,739
|
Penny-Stocker wrote:a4architect.com wrote:Penny-Stocker wrote:lietmach wrote:Congrats Pennystocker... A job well done.
2 questions: when you calculate the cost per square metre, what does it come to? Your total figure is rather encouraging
And I have an 8th piece at Polyview (makaburini) and my friends advice that spacious 2 bedroom would earn between 15 - 20k. How is it that you anticipate 30k for your units located 15km away cf mine 4km from CBD
I can demand 30K/month because of the following:
1. Three spacious bedrooms (two bathrooms - master one en-suite), spacious living room and a separate dining!
2. Location is Mamboleo. Pretty safe area and very fast developing.
Below is my floor plan! First floor is identical to ground floor. 
@Penny Stocker. Great stuff you are doing. Thanks for the Posts, it is very encouraging.
@a4architech - Very goods estimations. Allow me to ask you a question. I Find it unbelievable that the 4, 3 bedroomed units will be Complete at 5.6M. I find this cost very very low, with the Kind of workmanship done on the Units. Is the 5.6M the cost of the whole project? if so, kwani what would be the (very Rough estimate) to do a Single, 3 bedroomed unit assuming the same house style, materials etc as above? Thanks.
3. I have ample parking - talking of 6 cars!I'm hoping to have this done by July and occupied by August - we'll see if I make the deadline! from the floor plans, the area is 140m2 per floor=280m2 for both floors. Assuming a construction cost of kes 20k per m2, you will complete at 5.6m. Assuming 80% completion, this has costed you 4.4m. True or false? @ a4architect.com - What do you think of the design and the workmanship? I have spent around 4.6m. I don't have the correct figures in front of me right now. Hoping to spend around 800k more to finish it and have tenants in! Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
|
|
|
Rank: Veteran Joined: 2/21/2012 Posts: 1,739
|
Penny-Stocker wrote:a4architect.com wrote:Penny-Stocker wrote:lietmach wrote:Congrats Pennystocker... A job well done.
2 questions: when you calculate the cost per square metre, what does it come to? Your total figure is rather encouraging
And I have an 8th piece at Polyview (makaburini) and my friends advice that spacious 2 bedroom would earn between 15 - 20k. How is it that you anticipate 30k for your units located 15km away cf mine 4km from CBD
I can demand 30K/month because of the following:
1. Three spacious bedrooms (two bathrooms - master one en-suite), spacious living room and a separate dining!
2. Location is Mamboleo. Pretty safe area and very fast developing.
Below is my floor plan! First floor is identical to ground floor.
3. I have ample parking - talking of 6 cars!I'm hoping to have this done by July and occupied by August - we'll see if I make the deadline! from the floor plans, the area is 140m2 per floor=280m2 for both floors. Assuming a construction cost of kes 20k per m2, you will complete at 5.6m. Assuming 80% completion, this has costed you 4.4m. True or false? @ a4architect.com - What do you think of the design and the workmanship? I have spent around 4.6m. I don't have the correct figures in front of me right now. Hoping to spend around 800k more to finish it and have tenants in! @Penny Stocker. Great stuff you are doing. Thanks for the Posts, it is very encouraging. @a4architech - Very goods estimations. Allow me to ask you a question. I Find it unbelievable that the 4, 3 bedroomed units will be Complete at 5.6M. I find this cost very very low, with the Kind of workmanship done on the Units. Is the 5.6M the cost of the whole project? if so, kwani what would be the (very Rough estimate) to do a Single, 3 bedroomed unit assuming the same house style, materials etc as above? Thanks. Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
|
|
|
Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
|
@Pennystocker. The design is perfect and the workmanship is superb, especially the hand dressed multi coloured stone facade, prodtuding windows and large balconies. @am. the reason why @pennystocker is able to achieve a kes 30,000 per m2 building with only kes 20,000 per m2 is because 1.in the usual estimates, contracotr profit is added . In this case there is no contractor profit. He is lucky to have found high quality labour at a low cost. 2. Labour and tansport costs in Kisumu could be much lower than in Nairobi due to high cost of living, traffic jam etc etc. A 3 bedroomed of 80m will cost you kes 1.6m. As Iron Sharpens Iron, So one Man Sharpens Another.
|
|
|
Rank: Veteran Joined: 2/21/2012 Posts: 1,739
|
a4architect.com wrote:@Pennystocker. The design is perfect and the workmanship is superb, especially the hand dressed multi coloured stone facade, prodtuding windows and large balconies.
@am. the reason why @pennystocker is able to achieve a kes 30,000 per m2 building with only kes 20,000 per m2 is because
1.in the usual estimates, contracotr profit is added . In this case there is no contractor profit. He is lucky to have found high quality labour at a low cost.
2. Labour and tansport costs in Kisumu could be much lower than in Nairobi due to high cost of living, traffic jam etc etc.
A 3 bedroomed of 80m will cost you kes 1.6m. @a4architect. Many thanks. God willing, You will be earning consultancy fees from me very soon. We have spoken in the Past and I will Kontact you soon. Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
|
|
|
Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
|
Am wrote:a4architect.com wrote:@Pennystocker. The design is perfect and the workmanship is superb, especially the hand dressed multi coloured stone facade, prodtuding windows and large balconies.
@am. the reason why @pennystocker is able to achieve a kes 30,000 per m2 building with only kes 20,000 per m2 is because
1.in the usual estimates, contracotr profit is added . In this case there is no contractor profit. He is lucky to have found high quality labour at a low cost.
2. Labour and tansport costs in Kisumu could be much lower than in Nairobi due to high cost of living, traffic jam etc etc.
A 3 bedroomed of 80m will cost you kes 1.6m. @a4architect. Many thanks. God willing, You will be earning consultancy fees from me very soon. We have spoken in the Past and I will Kontact you soon. @am..welcome. Good to know that we have spoken in the past. Feel free to contact me any time. My office is located near World Vision opposite deputy presidents residence. here is the google map https://maps.google.com/...b1d07100dd7f27&msa=0As Iron Sharpens Iron, So one Man Sharpens Another.
|
|
|
Rank: Member Joined: 1/2/2008 Posts: 268 Location: Nairobi
|
Good work guys, excellent information here. Please keep it up. Contractors should not make building a house so expensive. Contractor profit, transport costs, pilferage, and other inefficiencies can double or even triple the cot of building a house. From the information given here,3 bedroom should not cost more than 5 million to average standards, even here in Nairobi.
|
|
|
Rank: Member Joined: 10/31/2010 Posts: 154
|
a4architect.com wrote:@Pennystocker. The design is perfect and the workmanship is superb, especially the hand dressed multi coloured stone facade, prodtuding windows and large balconies.
@am. the reason why @pennystocker is able to achieve a kes 30,000 per m2 building with only kes 20,000 per m2 is because
1.in the usual estimates, contracotr profit is added . In this case there is no contractor profit. He is lucky to have found high quality labour at a low cost.
2. Labour and tansport costs in Kisumu could be much lower than in Nairobi due to high cost of living, traffic jam etc etc.
A 3 bedroomed of 80m will cost you kes 1.6m. @a4architecture: You are right about the quality workmanship at a lower cost in Kisumu. I had an estimate from a fundi from Nairobi and he quoted me around Ksh. 10m, including his labor, which was around 2m. Three pieces of advice I'd give right away: 1. buy your own materials, i mean personally go to the hardware, ziweke kwa lorry and bring them 2. Negotiate pay in stages..i.e, how much to do the slab, after the slab is done, now negotiate for walling, then 1st floor slab, then walling....etc. You'll save a lot of $$$ and fundis will be very efficient! 3. Negotiate with all fundis individually ..i.e, mason guy, chuma guy etc....don't have them subcontract, hiyo, utafinywa! “None but ourselves can free our minds.”
- Bob Marley
|
|
|
Rank: Member Joined: 10/31/2010 Posts: 154
|
icecube wrote:Good work guys, excellent information here. Please keep it up. Contractors should not make building a house so expensive. Contractor profit, transport costs, pilferage, and other inefficiencies can double or even triple the cot of building a house. From the information given here,3 bedroom should not cost more than 5 million to average standards, even here in Nairobi. Thanks for encouragement! Construction can be cheaper if you supervise your project very very closely! “None but ourselves can free our minds.”
- Bob Marley
|
|
|
Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
|
Penny-Stocker wrote:a4architect.com wrote:@Pennystocker. The design is perfect and the workmanship is superb, especially the hand dressed multi coloured stone facade, prodtuding windows and large balconies.
@am. the reason why @pennystocker is able to achieve a kes 30,000 per m2 building with only kes 20,000 per m2 is because
1.in the usual estimates, contracotr profit is added . In this case there is no contractor profit. He is lucky to have found high quality labour at a low cost.
2. Labour and tansport costs in Kisumu could be much lower than in Nairobi due to high cost of living, traffic jam etc etc.
A 3 bedroomed of 80m will cost you kes 1.6m. @a4architecture: You are right about the quality workmanship at a lower cost in Kisumu. I had an estimate from a fundi from Nairobi and he quoted me around Ksh. 10m, including his labor, which was around 2m. Three pieces of advice I'd give right away: 1. buy your own materials, i mean personally go to the hardware, ziweke kwa lorry and bring them 2. Negotiate pay in stages..i.e, how much to do the slab, after the slab is done, now negotiate for walling, then 1st floor slab, then walling....etc. You'll save a lot of $$$ and fundis will be very efficient! 3. Negotiate with all fundis individually ..i.e, mason guy, chuma guy etc....don't have them subcontract, hiyo, utafinywa! @pennystocker..thanks for the very wise words up there. If Kenyans were to use your method, the construction industry would be very vibrant. As Iron Sharpens Iron, So one Man Sharpens Another.
|
|
|
Wazua
»
Investor
»
Property
»
4 family (3 bed/2bath) flat budget Ksh. 5m
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|