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Low End Housing: High Risk, High Return
Rank: Veteran Joined: 8/16/2009 Posts: 994
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I like the way the stone dressing wa done. It will give a good rugged finish to the property. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Columns were redone
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Gatheuzi wrote:I like the way the stone dressing wa done. It will give a good rugged finish to the property. Thanks @Gatheuzi.. Adds KES 7 per foot of stones, but guess it is worth
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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obiero wrote:Gatheuzi wrote:I like the way the stone dressing wa done. It will give a good rugged finish to the property. Thanks @Gatheuzi.. Adds KES 7 per foot of stones, but guess it is worth @Obiero, can i get the contacts of the fundi who dressed the stones? Would be interested in him dressing stones for me too. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Gathige wrote:obiero wrote:Gatheuzi wrote:I like the way the stone dressing wa done. It will give a good rugged finish to the property. Thanks @Gatheuzi.. Adds KES 7 per foot of stones, but guess it is worth @Obiero, can i get the contacts of the fundi who dressed the stones? Would be interested in him dressing stones for me too. Yes I can share the contact.. Will need his go ahead of course. Then we can DM on twitter. Meanwhile, the World Bank says this about the housing situation http://www.businessdaily...93496-wh3ydiz/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Additional lesson in real estate; try to always challenge the thought pattern of your project team. Obviously you will not over-ride the professionals, but learn to question their suggestions based on logic. The manner of querying should be subtle of course so as not to damage any huge egos.. Outer walling  Internal partition  Front entry wall complete  Corridor wall complete 
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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@obiero,how much Kshs have you spent so far?
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Chaka wrote:@obiero,how much Kshs have you spent so far? Its not much. Below KES 5m; land inclusive
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/1/2009 Posts: 1,883
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obiero, what is the size of your land, and whats the size of the building - dimensions?
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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mkenyan wrote:obiero, what is the size of your land, and whats the size of the building - dimensions? Its half an acre.. Building dimensions are on this thread
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Helios in action http://www.constructionk...t-hostels-nairobi-kenya/
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Rank: Member Joined: 12/17/2016 Posts: 225
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Hongera Bwana Obiero. Inspired Reflection Eternal
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Flo-ology wrote:
Hongera Bwana Obiero. Inspired
@flo-ology.. inspired too. will share the learning points over time to first time real estate entrants in the wazua republic. cheers
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 8/16/2017 Posts: 20
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obiero wrote:Flo-ology wrote:
Hongera Bwana Obiero. Inspired
@flo-ology.. inspired too. will share the learning points over time to first time real estate entrants in the wazua republic. cheers Nice work. Are you using matofali for internal walls?
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Jon_Gray wrote:obiero wrote:Flo-ology wrote:
Hongera Bwana Obiero. Inspired
@flo-ology.. inspired too. will share the learning points over time to first time real estate entrants in the wazua republic. cheers Nice work. Are you using matofali for internal walls? Cheers. Yes. All non-load bearing walls are brick
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 7/12/2016 Posts: 39 Location: Nairobi
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Inspiring progress..I took the plunge after years of dreaming & planning on 20th May, 2017. Building a two storey apartment block composed of six 3 bedroomed units.. Taken a well deserved break (went broke) after walling & partitioning the ground floor.
I distinctly remember the palpitations I suffered thanks to cost overruns caused by challenging ground conditions. There I was peering into the extensive foundation trenches wondering what had I gotten myself into.... However it is so worth it. Determined to finish this project.... The hardest part was starting.
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Rank: Member Joined: 7/27/2014 Posts: 560 Location: Eastlando
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Surething wrote:Inspiring progress..I took the plunge after years of dreaming & planning on 20th May, 2017. Building a two storey apartment block composed of six 3 bedroomed units.. Taken a well deserved break (went broke) after walling & partitioning the ground floor.
I distinctly remember the palpitations I suffered thanks to cost overruns caused by challenging ground conditions. There I was peering into the extensive foundation trenches wondering what had I gotten myself into.... However it is so worth it. Determined to finish this project.... The hardest part was starting. Nice. Congraulation. Do you have pictures?
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Your plan was to sell or rent? Surething wrote:Inspiring progress..I took the plunge after years of dreaming & planning on 20th May, 2017. Building a two storey apartment block composed of six 3 bedroomed units.. Taken a well deserved break (went broke) after walling & partitioning the ground floor.
I distinctly remember the palpitations I suffered thanks to cost overruns caused by challenging ground conditions. There I was peering into the extensive foundation trenches wondering what had I gotten myself into.... However it is so worth it. Determined to finish this project.... The hardest part was starting.
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Rank: New-farer Joined: 8/16/2017 Posts: 20
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 I have a couple of questions on low cost/affordable housing. This is not entirely low cost housing but what is the profit a developer is expecting from a project like this in Milimani Kitegela? Assuming the plot is 1M and the build is 4.5M the profit should be 2.0M (offered for sale at 6.5M). Is this what people are clearing? And at this price range, how long are developers waiting to clear the houses?
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Low End Housing: High Risk, High Return
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