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Cost of putting up rental single rooms
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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mungaits wrote:Hello Wazuans!
I am planning to put up 20 rental single rooms (using machine cut stones) somewhere near kikuyu and would appreciate some insights.
- Does this require kanjo approval? if yes how bad is the bureaucracy?
- What's the rough/estimate cost per unit of 12ft by 12ft built using machine cut stones and mabati roof?
- does anyone have a contact of a good contractor/fundi who has done such units bila stress?
Asanteni
mungaits where did you buy the plot what area and how much rent are you anticipating for
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Rank: New-farer Joined: 4/15/2013 Posts: 15
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mungaits wrote:Greetings @greenbeat & all Wazuans!
The project kicked off as anticipated and I am currently at 90% completion.
Finally managed to do 19 units of 12 by 12 and the unit cost to date is approx 100k per room.
Currently putting final touches and hoping to get tenants in March.
Will try and upload photos.
Learning so far - kujenga ni stress but fun!
Asanteni Will await the photos.What were some of the major challenges so that we can plan accordingly and maybe avoid some pitfalls. The project went quite fast, congrats.
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Rank: Member Joined: 9/20/2007 Posts: 252
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Hi,
@Jerry, anticipated payback period is 4 - 5 years
@Enyands, the plot is in Regen, off Nakuru highway just before Kikuyu town. Rent is anticipated to range from 3,500 to 4,000.
@Greenbeat, thanks it's been hectic but a worthwhile experience
Tips
- First of all you will need a good Fundi/supervisor to oversee the project. It's very tricky dealing with mjengo guys.
- You also need a good, cheap and reliable supplier of material. Materials take upto 70% of the total cost thus every discount counts! Credit lines come in handy when funds are not readily available
- To get things going I think personal presence helps. I took leave in Dec n early Jan to be on site and oversee kazi.
- Finally, get your cost estimates right, otherwise the budgeted funds run out prematurely and you have source additional funds (not easy especially in January!!)
Challenges
Kanjo - vultures
Weather - rain messed the schedule
Water - sort the source before you start
Hope this helps
Asante
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Thanks @mungaits. I could easily convert a mat into rentals if I had a plot. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 9/20/2007 Posts: 252
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Hi all,
Anyone with details/contacts of where to buy T & G PVC ceiling material and electrical fittings (wires, sockets, switches, etc) costs?
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Rank: Member Joined: 5/8/2008 Posts: 288
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mungaits wrote:Hi all,
Anyone with details/contacts of where to buy T & G PVC ceiling material and electrical fittings (wires, sockets, switches, etc) costs?
PVC Ceiling materials - Juma Hardware along Kombo Munyiri road and have the best prices Electrical fittings - Nyamakima just below River road..look for Cindy or the other big shop there that sells on wholesale. I cant remember the name
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Rank: Veteran Joined: 2/21/2012 Posts: 1,739
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Jitahidi wrote:mungaits wrote:Hi all,
Anyone with details/contacts of where to buy T & G PVC ceiling material and electrical fittings (wires, sockets, switches, etc) costs?
PVC Ceiling materials - Juma Hardware along Kombo Munyiri road and have the best prices Electrical fittings - Nyamakima just below River road..look for Cindy or the other big shop there that sells on wholesale. I cant remember the name Seconded. Juma Hardware is best for plumbing stuff.As for electricals best wholesale prices, Place is CAREPOINT ELECTRICALS in Nyamakima Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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Rank: Member Joined: 1/2/2008 Posts: 268 Location: Nairobi
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mungaits wrote:Greetings @greenbeat & all Wazuans!
The project kicked off as anticipated and I am currently at 90% completion.
Finally managed to do 19 units of 12 by 12 and the unit cost to date is approx 100k per room.
Currently putting final touches and hoping to get tenants in March.
Will try and upload photos.
Learning so far - kujenga ni stress but fun!
Asanteni Congratulations and good information, very helpful.
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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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mungaits wrote:Greetings @greenbeat & all Wazuans!
The project kicked off as anticipated and I am currently at 90% completion.
Finally managed to do 19 units of 12 by 12 and the unit cost to date is approx 100k per room.
Currently putting final touches and hoping to get tenants in March.
Will try and upload photos.
Learning so far - kujenga ni stress but fun!
Asanteni @mungaits how was the cost of stones, sand and ballast per lorry, and whats the percentage of labour to the whole project. the info will be of help to me and many wazuans, hope @s.mutaga is still around There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Member Joined: 9/20/2007 Posts: 252
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@Icecube, Asante.
@ Littledove, some of the material cost are
Mai mahiu sand 35k/lorry
Ballast - 40k/lorry
Naivasha quarry stones (6) - 35 bob/pcs
Ndarugo stones (6) - 45 bob/pcs
Hardcore - 25k/lorry
Cement 640 (savannah) to 700 per bag
NB. Lorry used ni ile kubwa, muguu kumi (ten wheeler)
Labour cost accounts for approx 1/4 to 1/5 of the total cost & very troublesome to monitor and control.
PS. For all your electricals fittings, checkout Twinkid shop in nyamakima. Great prices, service n customer care.
Torn between using plywood and PVC T&G for ceiling, anyone with personal experience with the two?
Asanteni
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