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Rank: Veteran Joined: 7/8/2008 Posts: 947
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Fyatu wrote:muandiwambeu wrote:tony stark wrote:Angelica _ann wrote:Fyatu wrote:wukan wrote:Superwoman910 wrote:Superprime1 wrote:What type/kind of an investment in real estate? Is it rental income-generating commercial or residential property/ies? Or are you intending to buy land and hold to sell in future? And which market segment are you interested in or focused on? BTW, buying Stanlib Fahari I-Reit is another way of investing in real estate....
I think rental (residential) is the best way to go. Cytonn has some pretty good looking properties that are also affordable (in Ridgeways and Ruaka). Just want to make sure it is the absolute best decision before investing with them
You have to forward thinking in real estate to make the right investment. If you look at the traffic projections for Nairobi 2030 it will not make sense to live far from CBD. Ruaka is a horribly planned settlement you won't like that neighborhood in 15-20 years. Check google maps if you doubt
And there lies the most important factor in real estate investments. As the platitude goes, real estate is about location, location, location. If i was to buy a plot in Ruaka today, i will build a Umoja-kayole-githurai-pipeline-mwiki-mathare north-roy sambu-style apartment because that what Ruaka is....an over-glorified slum. Unfortunately, that is the reality across the country.The government of kikuyus and other greedy tribes has left wanjiku(taxpayers) at the mercy of dumb greedy kikuyus (and other greedy tribes) landlords. We have wazuans here dreaming of squeezing 60 one-bedroom houses on 33 by 66 feet plots in residential flats of 6 floors. These are Houses without natural light(sunlight) which denies children of vitamin D leading to health complications such as iron-deficiency, pneumonia, tuberculosis, meningitis etc. To top it all, since all the greedy landlords(kikuyus and others) have planted their 30 by 60 apartments wall-to-wall, there are no playing fields and recreation areas for Kenyas future generation therefore, we read of stories of kids turning roy-sambu flyover and other risky places into a playing fields.Let me not even talk of how much rent these greedy ilk is raking from poor helpless and hapless wanjiku for such hujuma ya hali ya juu.
Only proper urban- planning and zoning will stop this madness and this require serious government policy. When Pope Francis visited Kangemi and saw human beings living like pigs in tin-shacks defecating on juala and hauling the contents on rooftops, he told Uhuru that Kenyan mabwenyenye greed will be our(Kenyan) undoing.Perhaps, this observation by the pope is what inspired Uhuru to build proper houses for wananchi, but as things stand, these affordable houses might never see light of day, reason being that ground breaking that was meant to be in May huko parkroad/Jericho/mbotela estate did not happen and now we are headed to July and what we see on tv is an overated PS of housing speaking kizungu mingi but hakuna kitu inaendelea...
Anyway, real estate is a good investment. But i recommend you build houses even you yourself can live in complete with thorough consideration of innocent Kenyan children, persons living with disabilities and the elderly. Hii mabo ya kujenga nyumba ya gorofa bila dirisha na ground floor ni ma wines and spirits tuwache jameni...ama namna gani jamma?
Green space ni responsibility ya developer ama Serikali??
The issue of slum like dwellings will continue until a middle class forms that can fight for it's rights. It is not the entrepreneurs or the capital holders duty to create green spaces, libraries, schools and clinics hizo zote ni kazi ya serikali.
Finally when you pay your mboch 9K and she is a day bug where do you expect her to leave. This rant is so myopic and pointing your fingers at "greedy Kikuyu or other tribe" landlords is nonsensical . Vote wisely!
Totally delusioned too. Just because someone got hottie and his fatty fatty can not dare go out jogging meeting a country man does not damned every sanely thinking well oriented and planned investor to preoccupy their mind with creating a football playground inside their 2/3/4 bdrm houses like every Tom dick and Harry need them.
Goggle definition for a slum and revert if u courageous to speak of ur poor throwing of words whose meaning make least sense to you and soaking you intorence of shear blankness to everybody.
Residential categorizations
High density
Medium density
And low density means different things.
Clean and healthy dwelling place is a right and legally protected and not debatable. If you doubt that complain and raise you case with public health office, nema and log your case in court. If the landlord won't comply, you may be kicked out but push on with your case, hire an occupational health safety officer and soldier on. Keep your neck safe and he will beg you for having breached your rights.
Aesthitics and convenience is a different legue altogether.
A well paying development doesn't have to be complacent (of minimum requirements).
Thanks @tony stark and @Muandi for your compliments. However, i still maintain that if at all i was to build residentials, i will try at the very minimum build decent single rooms with enough lighting and fresh air sio kama zile za pipeline estate ama mathare North ambazo ziko na giza totoro hata saa sita mchana and the walls are always wet and dump...
Tamaa iliua fisi.
Boss the US of A had slums until very recently and upgraded the slums to projects (Well built slums).
This is a bigger issue. But can I ask you. How much do you pay your househelp or even the mama who washes your clothes if you don't have a mboch?
If you pay her/him enough to live in a decent place great but if you don't start there! Pay her more so she can move on up to the 1 bedrooms with better lighting!
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Rank: Veteran Joined: 1/20/2011 Posts: 1,822 Location: Nakuru
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tony stark wrote:Fyatu wrote:muandiwambeu wrote:tony stark wrote:Angelica _ann wrote:Fyatu wrote:wukan wrote:Superwoman910 wrote:Superprime1 wrote:What type/kind of an investment in real estate? Is it rental income-generating commercial or residential property/ies? Or are you intending to buy land and hold to sell in future? And which market segment are you interested in or focused on? BTW, buying Stanlib Fahari I-Reit is another way of investing in real estate....
I think rental (residential) is the best way to go. Cytonn has some pretty good looking properties that are also affordable (in Ridgeways and Ruaka). Just want to make sure it is the absolute best decision before investing with them
You have to forward thinking in real estate to make the right investment. If you look at the traffic projections for Nairobi 2030 it will not make sense to live far from CBD. Ruaka is a horribly planned settlement you won't like that neighborhood in 15-20 years. Check google maps if you doubt
And there lies the most important factor in real estate investments. As the platitude goes, real estate is about location, location, location. If i was to buy a plot in Ruaka today, i will build a Umoja-kayole-githurai-pipeline-mwiki-mathare north-roy sambu-style apartment because that what Ruaka is....an over-glorified slum. Unfortunately, that is the reality across the country.The government of kikuyus and other greedy tribes has left wanjiku(taxpayers) at the mercy of dumb greedy kikuyus (and other greedy tribes) landlords. We have wazuans here dreaming of squeezing 60 one-bedroom houses on 33 by 66 feet plots in residential flats of 6 floors. These are Houses without natural light(sunlight) which denies children of vitamin D leading to health complications such as iron-deficiency, pneumonia, tuberculosis, meningitis etc. To top it all, since all the greedy landlords(kikuyus and others) have planted their 30 by 60 apartments wall-to-wall, there are no playing fields and recreation areas for Kenyas future generation therefore, we read of stories of kids turning roy-sambu flyover and other risky places into a playing fields.Let me not even talk of how much rent these greedy ilk is raking from poor helpless and hapless wanjiku for such hujuma ya hali ya juu.
Only proper urban- planning and zoning will stop this madness and this require serious government policy. When Pope Francis visited Kangemi and saw human beings living like pigs in tin-shacks defecating on juala and hauling the contents on rooftops, he told Uhuru that Kenyan mabwenyenye greed will be our(Kenyan) undoing.Perhaps, this observation by the pope is what inspired Uhuru to build proper houses for wananchi, but as things stand, these affordable houses might never see light of day, reason being that ground breaking that was meant to be in May huko parkroad/Jericho/mbotela estate did not happen and now we are headed to July and what we see on tv is an overated PS of housing speaking kizungu mingi but hakuna kitu inaendelea...
Anyway, real estate is a good investment. But i recommend you build houses even you yourself can live in complete with thorough consideration of innocent Kenyan children, persons living with disabilities and the elderly. Hii mabo ya kujenga nyumba ya gorofa bila dirisha na ground floor ni ma wines and spirits tuwache jameni...ama namna gani jamma?
Green space ni responsibility ya developer ama Serikali??
The issue of slum like dwellings will continue until a middle class forms that can fight for it's rights. It is not the entrepreneurs or the capital holders duty to create green spaces, libraries, schools and clinics hizo zote ni kazi ya serikali.
Finally when you pay your mboch 9K and she is a day bug where do you expect her to leave. This rant is so myopic and pointing your fingers at "greedy Kikuyu or other tribe" landlords is nonsensical . Vote wisely!
Totally delusioned too. Just because someone got hottie and his fatty fatty can not dare go out jogging meeting a country man does not damned every sanely thinking well oriented and planned investor to preoccupy their mind with creating a football playground inside their 2/3/4 bdrm houses like every Tom dick and Harry need them.
Goggle definition for a slum and revert if u courageous to speak of ur poor throwing of words whose meaning make least sense to you and soaking you intorence of shear blankness to everybody.
Residential categorizations
High density
Medium density
And low density means different things.
Clean and healthy dwelling place is a right and legally protected and not debatable. If you doubt that complain and raise you case with public health office, nema and log your case in court. If the landlord won't comply, you may be kicked out but push on with your case, hire an occupational health safety officer and soldier on. Keep your neck safe and he will beg you for having breached your rights.
Aesthitics and convenience is a different legue altogether.
A well paying development doesn't have to be complacent (of minimum requirements).
Thanks @tony stark and @Muandi for your compliments. However, i still maintain that if at all i was to build residentials, i will try at the very minimum build decent single rooms with enough lighting and fresh air sio kama zile za pipeline estate ama mathare North ambazo ziko na giza totoro hata saa sita mchana and the walls are always wet and dump...
Tamaa iliua fisi.
Boss the US of A had slums until very recently and upgraded the slums to projects (Well built slums).
This is a bigger issue. But can I ask you. How much do you pay your househelp or even the mama who washes your clothes if you don't have a mboch?
If you pay her/him enough to live in a decent place great but if you don't start there! Pay her more so she can move on up to the 1 bedrooms with better lighting!
my konkodi is a boarder... Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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tony stark wrote:
Boss the US of A had slums until very recently and upgraded the slums to projects (Well built slums).
This is a bigger issue. But can I ask you. How much do you pay your househelp or even the mama who washes your clothes if you don't have a mboch?
If you pay her/him enough to live in a decent place great but if you don't start there! Pay her more so she can move on up to the 1 bedrooms with better lighting!
Househelps, mboch, the washing mama and everyone else on wages are paid just enough to make them turn up the next day. They are not paid to live in decent place-it's not welfare. Your employer also pays you enough to make you turn up the next month for work. That is how labour market works.
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Rank: Member Joined: 1/30/2011 Posts: 207
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Wororo wrote:Dear Wazuans,
What about investing in places like Tatu City environment...? Where infrastructure and related policies are initiated by the private sector (developers) and not the national or county govts
At Tatu there exists various real estate investment opportunities - from apartments, stand alone plots, stand alone houses from various developers etc
London Int'l Court of Arbitration fines the alleged shareholders of Tatu City KES 1.7 Billion...
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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tony stark wrote:
Green space ni responsibility ya developer ama Serikali??
The issue of slum like dwellings will continue until a middle class forms that can fight for it's rights. It is not the entrepreneurs or the capital holders duty to create green spaces, libraries, schools and clinics hizo zote ni kazi ya serikali.
Finally when you pay your mboch 9K and she is a day bug where do you expect her to leave. This rant is so myopic and pointing your fingers at "greedy Kikuyu or other tribe" landlords is nonsensical. Vote wisely!
Green space is the responsibility of the user, the resident of that suburb. Serikali only provides the minimum requirements e.g. Nairobi requires 1.2 Ha of open space for 1000 inhabitants. It is actually the developer's duty to provide open spaces for recreation, schools. Developments approved by Nairobi city council used to have all these requirements. That is why developers opted to build beyond the outer ring(Outer ring road is the end of planned nairobi-beyond that is the mad max development)
Maintenance of the open space is for the person living there. It's upto the communities to get organised to ensure their neighborhoods don't get polluted. That is how the leafy suburbs remain leafy and a place where people aspire to live.
Utilization of space is a function of the user's perception of his life, values, needs, and customary patterns of behaviour.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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davidkenya wrote:hey folks can 1 million ksh build me a three bedroom house with a small kitchen inside,toilet and bathroom (combined).the roofing is of corrugated sheets , and the stones are artificially manufactured (what are they called?)the house should also have electricity and running water
yes. need assistance? ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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muandiwambeu wrote:davidkenya wrote:hey folks can 1 million ksh build me a three bedroom house with a small kitchen inside,toilet and bathroom (combined).the roofing is of corrugated sheets , and the stones are artificially manufactured (what are they called?)the house should also have electricity and running water
yes. need assistance?
Its impossible, even with very basic finishing; unless its semipermanent little/no foundation COOP, IMH, KEGN, KQ, MTNU
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:muandiwambeu wrote:davidkenya wrote:hey folks can 1 million ksh build me a three bedroom house with a small kitchen inside,toilet and bathroom (combined).the roofing is of corrugated sheets , and the stones are artificially manufactured (what are they called?)the house should also have electricity and running water
yes. need assistance?
Its impossible, even with very basic finishing; unless its semipermanent little/no foundation
Xaxa ona huyu,,,,,,,,😋😋
So everybody in Kenya who owns a ssbs house in Kenya is a multi-millioneer.
Then Kenya must be a very real ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 14,321 Location: nairobi
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muandiwambeu wrote:obiero wrote:muandiwambeu wrote:davidkenya wrote:hey folks can 1 million ksh build me a three bedroom house with a small kitchen inside,toilet and bathroom (combined).the roofing is of corrugated sheets , and the stones are artificially manufactured (what are they called?)the house should also have electricity and running water
yes. need assistance?
Its impossible, even with very basic finishing; unless its semipermanent little/no foundation
Xaxa ona huyu,,,,,,,,😋😋
So everybody in Kenya who owns a ssbs house in Kenya is a multi-millioneer.
Then Kenya must be a very real
Wacha kelele bwana. Labor cost alone on a 3 bedroom permanent house can not be less than KES 200,000, materials even in resource rich location KES 500,000; relevant approvals KES 100,000, finishing KES 300,000.. And that is for a very basic house, hata septic, fence, plumbing, electric sijaweka kwa hii example.. Ukiona nyumbe permanent imesimama in 2018, jua more than 1m ilitumika COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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obiero wrote:muandiwambeu wrote:obiero wrote:muandiwambeu wrote:davidkenya wrote:hey folks can 1 million ksh build me a three bedroom house with a small kitchen inside,toilet and bathroom (combined).the roofing is of corrugated sheets , and the stones are artificially manufactured (what are they called?)the house should also have electricity and running water
yes. need assistance?
Its impossible, even with very basic finishing; unless its semipermanent little/no foundation
Xaxa ona huyu,,,,,,,,😋😋
So everybody in Kenya who owns a ssbs house in Kenya is a multi-millioneer.
Then Kenya must be a very real
Wacha kelele bwana. Labor cost alone on a 3 bedroom permanent house can not be less than KES 200,000, materials even in resource rich location KES 500,000; relevant approvals KES 100,000, finishing KES 300,000.. And that is for a very basic house, hata septic, fence, plumbing, electric sijaweka kwa hii example.. Ukiona nyumbe permanent imesimama in 2018, jua more than 1m ilitumika
1m can complete the super structure and he/she moves in. Then he can do finishes pole pole. How do primary school teachers put up 3bdr+ permanent houses huko in the village? Do all use millions?.
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