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4 family (3 bed/2bath) flat budget Ksh. 5m
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Penny-Stocker
#181 Posted : Monday, March 17, 2014 7:00:34 PM
Rank: Member

Joined: 10/31/2010
Posts: 154
a4architect.com wrote:
@justkiwi, pennystocker's house is 280m2. Cost of construction in kenya for middle class range of buildings is kes 25,000 to kes 30,000 per m2. This brings to 280m2 x kes 25,000 per m2 =kes 7m.

Fundis are specialists in building craftsmanship, not construction cost estimation, which is reserved for Quantity Surveyors.

@a4arc.....well said, sir!
“None but ourselves can free our minds.”
- Bob Marley
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Penny-Stocker
#182 Posted : Monday, March 17, 2014 7:04:05 PM
Rank: Member

Joined: 10/31/2010
Posts: 154
josimar wrote:
@pennystocker , can I understand the ground floor has 2 ( 3bedroom houses) and similarly the upper part has 2 ( 3 bedroom houses) ?

@josimar...yes! All four units (2 ground floor/2 upper floor) are 3bed/2bath....master en suite.....lounge and separate dining room!
“None but ourselves can free our minds.”
- Bob Marley
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jaggernaut
#183 Posted : Monday, March 17, 2014 7:50:56 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
Penny-Stocker wrote:
josimar wrote:
@pennystocker , can I understand the ground floor has 2 ( 3bedroom houses) and similarly the upper part has 2 ( 3 bedroom houses) ?

@josimar...yes! All four units (2 ground floor/2 upper floor) are 3bed/2bath....master en suite.....lounge and separate dining room!

What if you had gotten rid of the dining room and 3rd bedroom such that you ended up with three 2bdrm units per floor. Would that have given you more rent?
ie for 3bdrms 25k x 4 = 100k
for 2brmd 20k x 6 = 120k.
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Penny-Stocker
#184 Posted : Monday, March 17, 2014 8:52:28 PM
Rank: Member

Joined: 10/31/2010
Posts: 154
jaggernaut wrote:
Penny-Stocker wrote:
josimar wrote:
@pennystocker , can I understand the ground floor has 2 ( 3bedroom houses) and similarly the upper part has 2 ( 3 bedroom houses) ?

@josimar...yes! All four units (2 ground floor/2 upper floor) are 3bed/2bath....master en suite.....lounge and separate dining room!

What if you had gotten rid of the dining room and 3rd bedroom such that you ended up with three 2bdrm units per floor. Would that have given you more rent?
ie for 3bdrms 25k x 4 = 100k
for 2brmd 20k x 6 = 120k.

@jagger....wouldn't you think? I did learn a lot of stuff along the way...This was my first apartment project....I did two bungalows before that.....and that's why my next project is 6 units of 2bed/1bath and no dining....there's a lot of market demand for that in my neck of the woods!
“None but ourselves can free our minds.”
- Bob Marley
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  | | Edit by user: Monday, March 17, 2014 8:53 PM | Reason: Not specified
SAPGURU
#185 Posted : Monday, March 17, 2014 11:41:36 PM
Rank: Hello

Joined: 6/7/2013
Posts: 3
@ Penny-stocker , Please try 2 bed and 1 bed mixture , i have 2 bed 6 Units in Mamboleo close to Consolata Hospital giving 18k each and another 1 bed giving 13k , wall fence , electric fence and bore hole onsite . Based on the info i have there is huge demand for 1 bed
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Penny-Stocker
#186 Posted : Tuesday, March 18, 2014 12:46:08 AM
Rank: Member

Joined: 10/31/2010
Posts: 154
SAPGURU wrote:
@ Penny-stocker , Please try 2 bed and 1 bed mixture , i have 2 bed 6 Units in Mamboleo close to Consolata Hospital giving 18k each and another 1 bed giving 13k , wall fence , electric fence and bore hole onsite . Based on the info i have there is huge demand for 1 bed

@SAPGURU....you just nailed it!! I think Kisumu is ripe for 1 and 2 bed development!
“None but ourselves can free our minds.”
- Bob Marley
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Raywer
#187 Posted : Wednesday, March 26, 2014 3:21:51 PM
Rank: Hello

Joined: 3/18/2013
Posts: 3
Hi Penny-stocker and SAPGURU,

Can any of you provide me with leads on how I can acquire a plot in Mamboleo or Riat?

My address is anthonyadongo@gmail.com

The work you've done and information sharing is commendable.
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Mtaa
#188 Posted : Thursday, April 24, 2014 11:47:42 AM
Rank: Member

Joined: 5/10/2008
Posts: 6
Foundation complete - Ksh. 530,000. Now it's time to begin walling for the bottom units!


Hello Penny-Stocker,
Could you kindly provide a break down for your foundation cost. Does this include the floor slab?

I'm at the point of starting a foundation.
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justKiwi
#189 Posted : Saturday, August 23, 2014 4:46:15 PM
Rank: New-farer

Joined: 8/25/2012
Posts: 32
Penny-Stocker wrote:
Hola amigos, buenos dias.....here's what I've been up to! I know....i've been inactive since Oct. 2013...had some very urgent issues that had to be taken care of! Thank G-d all is well now!
At the moment, everything in the building is completely done, todos, done!I could have tenants move in right away but there are two things I'll be doing ASAP before accepting anybody to move in....Here's what's left to be done.....
1.Perimeter walling (materials are procured and ready)
2.Landscaping - debating cabro, poured concrete, or kokoto (you know the tiny ones)
3.Well paying tenants

Otherwise, here's the almost completed project.....














































That's it for now folks! I'll post pics when I have the perimeter walling done! Hopefully soon!

Adios amigos...hasta luego yi buena suerte!

The photos look nice, and the story too. anyway just wanted to bring this topic closer to the top.
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dikembedikembe
#190 Posted : Sunday, August 24, 2014 5:51:00 PM
Rank: Hello

Joined: 8/24/2014
Posts: 5
Hi guys I need a plot in within kisumu city neighborhoods,please advice of any genuine seller,
controlled or non controlled with ready titles
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