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Rental houses Advice
migi
#1 Posted : Friday, May 31, 2013 7:10:23 AM
Rank: Member


Joined: 11/19/2009
Posts: 3,142
Iam in the process of constructing rental houses in Kitengela. For those familiar with the market, which is the best between 2Broom or 1Broom rentals.Best implies which has high demand. the plot is near main bus station next to slaughter hse.
a4architect.com
#2 Posted : Friday, May 31, 2013 8:45:23 AM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@migi. this will help. http://a4architect.com/2...ject-for-rent-at-thika/

Return on Investment is the same, around 7 years if your units are designed with viability in consideration.
Ensure you dont mix the2 due to social conflict. 2 bdr renters usually hava families while 1 bdr renters are single hence social clash.
As Iron Sharpens Iron, So one Man Sharpens Another.
migi
#3 Posted : Friday, May 31, 2013 9:20:38 AM
Rank: Member


Joined: 11/19/2009
Posts: 3,142
a4architect.com wrote:
@migi. this will help. http://a4architect.com/2...ject-for-rent-at-thika/

Return on Investment is the same, around 7 years if your units are designed with viability in consideration.
Ensure you dont mix the2 due to social conflict. 2 bdr renters usually hava families while 1 bdr renters are single hence social clash.


@a4architect,
Thank you very much for great advice.
I was thinking of mixing the 2 such that one row is 1br while another is 2br. but i will heed your advice to separate.
The building is projected to be 4 storeys floor building.Is it advisable to separate per floor rather than rows in the same floor.?
a4architect.com
#4 Posted : Friday, May 31, 2013 11:04:04 AM
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Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@migi..welcome. Since return on investment is the same for all, my advice is just stick with all 2 bdm or mix only 1bdm and bedsitter units for the whole block.
As Iron Sharpens Iron, So one Man Sharpens Another.
migi
#5 Posted : Friday, May 31, 2013 11:32:34 AM
Rank: Member


Joined: 11/19/2009
Posts: 3,142
[quote=a4architect.com]@migi..welcome. Since return on investment is the same for all, my advice is just stick with all 2 bdm or mix only 1bdm and bedsitter units for the whole block.[/quote

Asante sana . your advice highly appreciated.
will be visiting you soon.
stock.enigma
#6 Posted : Friday, May 31, 2013 12:42:21 PM
Rank: Member


Joined: 8/14/2009
Posts: 244
migi wrote:
Iam in the process of constructing rental houses in Kitengela. For those familiar with the market, which is the best between 2Broom or 1Broom rentals.Best implies which has high demand. the plot is near main bus station next to slaughter hse.



My opinion. Not professional. I will go for 1 bedroom, targeting single occupants. Singles pop is increasing as many young people are not keen on marriages any more.
a4architect.com
#7 Posted : Friday, May 31, 2013 1:09:47 PM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@stock.enigma. Very true. Kitengela area has a very high population of singles due to the EPZ factories. Along thika road, the singles population is again very high due to Universities, namely KU, JKUCAT and KSMS/USIU etc.
Same is replicated in lesser scale along Ngong road, Mombasa roa and Waiyaki way.
As Iron Sharpens Iron, So one Man Sharpens Another.
Rahatupu
#8 Posted : Friday, May 31, 2013 2:55:54 PM
Rank: Veteran


Joined: 12/4/2009
Posts: 1,982
Location: matano manne
a4architect.com wrote:
@stock.enigma. Very true. Kitengela area has a very high population of singles due to the EPZ factories. Along thika road, the singles population is again very high due to Universities, namely KU, JKUCAT and KSMS/USIU etc.
Same is replicated in lesser scale along Ngong road, Mombasa roa and Waiyaki way.



@Migi, heed a4arc, and welcome to my neighborhood around slaughter house near the water tanks opp Ashut.

here is My experience:

1. Single units are in high demand but the costs associated with their management is an issue to consider before embarking on brick and mortar. One such cost is septic exhausting and water management. Compare this a flat with say 50 units will fetch you 8000 per unit per month on the higher side. The cost of such a building will be over 40 million. Cost of management could be about 50k per month. Compare with:

2. Two bedroom self contained units on a similar sized plot will fetch you about 20 units each generating 15,000 per unit per month. Will cost less than 30 million to build and monthly expenses may not exceed 30k.

I have 2 bedroom units and don't envy my neighbours with their many singles.
kazee
#9 Posted : Friday, May 31, 2013 3:45:08 PM
Rank: Member


Joined: 9/18/2006
Posts: 131
I personally build bedseaters and 1 bedroom units. With 2 bedroom units, note that these are people who can afford rents of 25k+ and would therefore need parking too. So with 2 bedroom units, consider leaving space in ground floor, which translates to reduced income. Just my 2 cents
migi
#10 Posted : Monday, June 03, 2013 12:42:29 PM
Rank: Member


Joined: 11/19/2009
Posts: 3,142
@ Rahatupu. Im just opposite Ashut near water tanks. We must be neighbors. Your advice and guidance highly appreciated.
- how much is 2BR rent in that area? Demand?
- Im thinking ground floor facing the road to design such that tenant can operate as a shop. but have reservation.reasons is security concerns as I prefer the two main doors only as enterance . what is the advice .
migi
#11 Posted : Thursday, June 20, 2013 10:29:42 AM
Rank: Member


Joined: 11/19/2009
Posts: 3,142
I got a deal of escavating the top layer cotton soil and disposing. Total cost 130,000. plot size 1/8 ; 50 by 100. Is it a fair deal??
limanika
#12 Posted : Thursday, June 20, 2013 7:37:20 PM
Rank: Veteran


Joined: 9/21/2011
Posts: 2,032
migi wrote:
I got a deal of escavating the top layer cotton soil and disposing. Total cost 130,000. plot size 1/8 ; 50 by 100. Is it a fair deal??

Since the topography and geotechnical features of the particular site are unknown to us, there is a limit to the wisdom that Wazua republic can offer. I think it would be fair and more appropriate to hire consultants (architect QS and engineers) to advise on such and other very important aspects as you embark on the project, our very own a4architect would be willing to offer his services am sure. In the present case you could ask your consultant to explain (with tables and figures if need be) the pros and cons of excavating entire layer or building columns and suspending the ground floor. If your consultant gives you advice that you do not agree with, then in that case and by all means come back here for second opinion
migi
#13 Posted : Monday, July 29, 2013 7:11:49 AM
Rank: Member


Joined: 11/19/2009
Posts: 3,142
Finally the project will be commencing anytime.
Due to demand and current projected future housing issues, I have decided Bedsiiter one section and 1 b/r the other. Each foor has 8 bedsiters and 6 1 b/r totalling 14 units.when complete it will have 70 units as its a four storey bld.
Approval,plan[architectural/structural],change of user kshs 170k.

a4architect.com
#14 Posted : Monday, July 29, 2013 7:38:41 AM
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Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@maka. Whats the floor area of each bedsitter n 1 bdroom?
As Iron Sharpens Iron, So one Man Sharpens Another.
Am
#15 Posted : Monday, July 29, 2013 8:57:46 AM
Rank: Veteran


Joined: 2/21/2012
Posts: 1,739
a4architect.com wrote:
@maka. Whats the floor area of each bedsitter n 1 bdroom?


@a4architec. I believe you wanted to address @Migi
Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
Am
#16 Posted : Monday, July 29, 2013 8:59:35 AM
Rank: Veteran


Joined: 2/21/2012
Posts: 1,739
migi wrote:
Finally the project will be commencing anytime.
Due to demand and current projected future housing issues, I have decided Bedsiiter one section and 1 b/r the other. Each foor has 8 bedsiters and 6 1 b/r totalling 14 units.when complete it will have 70 units as its a four storey bld.
Approval,plan[architectural/structural],change of user kshs 170k.



@Migi, in the spirit of Wazua, Plese Keep us posted here with your Progress. Post Pictures as you progress with the Project. All the best.
Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
Foz00
#17 Posted : Monday, July 29, 2013 9:07:39 AM
Rank: Member


Joined: 1/13/2011
Posts: 297
Location: Nairobi
@rahatupu & To exiesting landlords do you restrict no/type of occupants of hse. In a bedsitter you get
A couple with child, in 1 brm familiy with 2 kids + help, in bedsitter 5 guys etc
a4architect.com
#18 Posted : Monday, July 29, 2013 10:45:32 AM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
Am wrote:
a4architect.com wrote:
@maka. Whats the floor area of each bedsitter n 1 bdroom?


@a4architec. I believe you wanted to address @Migi


@am. True. Was using my mobile phone so could not see the @migi name.
As Iron Sharpens Iron, So one Man Sharpens Another.
Wendz
#19 Posted : Wednesday, July 31, 2013 11:22:17 AM
Rank: Elder


Joined: 6/19/2008
Posts: 4,268
migi wrote:
Finally the project will be commencing anytime.
Due to demand and current projected future housing issues, I have decided Bedsiiter one section and 1 b/r the other. Each foor has 8 bedsiters and 6 1 b/r totalling 14 units.when complete it will have 70 units as its a four storey bld.
Approval,plan[architectural/structural],change of user kshs 170k.



I did not see your post. I'd have gotten in touch for excavation. I have an excavation machine. I'd have sent someone to check it and quote for you. Kshs 130k is not unreasonable depending on the depth of cotton soil.
Ngong
#20 Posted : Wednesday, July 31, 2013 8:34:32 PM
Rank: Veteran


Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
migi wrote:
Finally the project will be commencing anytime.
Due to demand and current projected future housing issues, I have decided Bedsiiter one section and 1 b/r the other. Each foor has 8 bedsiters and 6 1 b/r totalling 14 units.when complete it will have 70 units as its a four storey bld.
Approval,plan[architectural/structural],change of user kshs 170k.



All this [70 units] on an 1/8? 14 units per floor!
Attach plan please!d'oh!
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