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Vertical vs Horizontal ..Flats vs one storey units
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Impunity
#11 Posted : Thursday, December 20, 2018 7:12:22 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
tom_boy wrote:
MugundaMan wrote:
MaichBlack wrote:
Why not focus on one plot and do a flat with the money you were to use to do one storey units on the four plots???

Pour all the money in one plot and do a flat (to the level you can afford). Leave the other three plots vacant. To be built another day.

If you have money to build, forget you have four plots. Work on one....


Smart man.
Pole pole ndio mwendo. The sweet thing about life and property in this here kenia is that kesho bado ni siku. I remember when I bought my first plot. I was very excited then after a few months I got very discouraged because I did not have all the moolah to build upon it all at once, and my income/assets were committed to various investments elsewhere. But life and money are funny things. Nilianza tu pole pole. Planting a few trees hapa, paying the architect hapo, building a gate pale, fencing hapo, shrowry by shrowry and voila. The flobrem with pipo is they want to build a whoole Nairobi city in a day. Haiwesekani hata kamwe. And they want to compete with others..ati nani has built so hata mimi I need to build asap nisiachwe nyuma! Who cares? Nanii has his life and you yours, life is NOT a competition. Maybe nani stole 200m at NYS while you are depending on clean money, so stay in your lane! Haba na haba hujaza kibaba with blood sweat and tears, baba. Just like someone trying to start a forest on a ten acre farm, if he takes and plants 5 seedlings a day for 300 days for 2 years straight..huyooooo ...his forest begins to take shape in a huge way from such a simple effort. But if he thought of doing it all in one day he might have gotten disappointed at the effort, labour, logistics and resources required and given up!


Hapo umenena kama wazee kumi.


Tom-boy, niaje?
Sasa?
Most tom-boys put on short hairstyle,rubber shoes,t shirts, and also moke....WHY?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Thitifini
#12 Posted : Thursday, December 20, 2018 7:28:47 PM
Rank: Member

Joined: 1/15/2015
Posts: 681
Location: Kenya
bubethi wrote:
Rongla wrote:
Very interesting insights. Thank you all
A rough comperative analysis of the two construction layouts seems miles apart though. Both on the capital input and the returns on investment fronts.
The single storey units will cost just under KES 200k per unit meaning 100 units will cost about KES 20 million.
The returns from these units will be in the region of 500k to 700k per calender month assuming 100% occupancy. Recouping the capital invested in just over 3 years
Whereas with a high flat KES 20 million investment will probably finish 12 to 15 units. The returns on the completed units will be just under KES 100k.

So it will make economic sense if l was to demolish the single storey units after say 10 or 15 years and build high rise flats


Meaning the area size of each of your units will be about 6 meters squared? Simply a space for only one single bed.


Mabati walls with first floor made of wood off-sets......that maybe can be close.....

60% Learning, 30% synthesizing, 10% Debating
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Mkimwa
#13 Posted : Friday, December 21, 2018 11:31:16 AM
Rank: Member

Joined: 10/26/2008
Posts: 380
Rongla wrote:
Very interesting insights. Thank you all
A rough comperative analysis of the two construction layouts seems miles apart though. Both on the capital input and the returns on investment fronts.
The single storey units will cost just under KES 200k per unit meaning 100 units will cost about KES 20 million.
The returns from these units will be in the region of 500k to 700k per calender month assuming 100% occupancy. Recouping the capital invested in just over 3 years
Whereas with a high flat KES 20 million investment will probably finish 12 to 15 units. The returns on the completed units will be just under KES 100k.

So it will make economic sense if l was to demolish the single storey units after say 10 or 15 years and build high rise flats


From experience, the maths given is skewed.

1. Going Horizontal:

20 units will fit comfortably on 1/8th for a 14ftx14ft internal dimensions. Therefore with 3/8th, you can do 60 units - ground floor only. If you choose to go up, you could lose 5 units coz of stairs, corridors. Hence 100 is a good conservative number, in theory you can do even 110 units, depending on plan.

200K per unit for bedsitters is on the lower side. 250K per unit works assuming you are not going up, i.e. ground floor only. With minimal chumaz, basic finishes, basic roofing, basic foundation.

Should you choose to go up one floor, then the cost per unit goes up to 350K per unit, going up has additional costs - extra slab, stronger foundation.

2. Going Vertical.
On 1/8th, you can do 12-15 units of bedsitters per floor when going up. 20m is enough to finish a 3 floor (G+3) building with the right cost management technique. Hence 20m can get you 50-60 units.

I suggest you start with 1/8th and go horizontal, but with a very strong foundation, such that you will not need to bomoa anything in 10-15 years. Invest strongly with a strong foundation, and see the costs for 1 floor.
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Rongla
#14 Posted : Friday, December 21, 2018 8:01:52 PM
Rank: Member

Joined: 10/3/2008
Posts: 101
Mkimwa wrote:
Rongla wrote:
Very interesting insights. Thank you all
A rough comperative analysis of the two construction layouts seems miles apart though. Both on the capital input and the returns on investment fronts.
The single storey units will cost just under KES 200k per unit meaning 100 units will cost about KES 20 million.
The returns from these units will be in the region of 500k to 700k per calender month assuming 100% occupancy. Recouping the capital invested in just over 3 years
Whereas with a high flat KES 20 million investment will probably finish 12 to 15 units. The returns on the completed units will be just under KES 100k.

So it will make economic sense if l was to demolish the single storey units after say 10 or 15 years and build high rise flats


From experience, the maths given is skewed.

1. Going Horizontal:

20 units will fit comfortably on 1/8th for a 14ftx14ft internal dimensions. Therefore with 3/8th, you can do 60 units - ground floor only. If you choose to go up, you could lose 5 units coz of stairs, corridors. Hence 100 is a good conservative number, in theory you can do even 110 units, depending on plan.

200K per unit for bedsitters is on the lower side. 250K per unit works assuming you are not going up, i.e. ground floor only. With minimal chumaz, basic finishes, basic roofing, basic foundation.

Should you choose to go up one floor, then the cost per unit goes up to 350K per unit, going up has additional costs - extra slab, stronger foundation.

2. Going Vertical.
On 1/8th, you can do 12-15 units of bedsitters per floor when going up. 20m is enough to finish a 3 floor (G+3) building with the right cost management technique. Hence 20m can get you 50-60 units.

I suggest you start with 1/8th and go horizontal, but with a very strong foundation, such that you will not need to bomoa anything in 10-15 years. Invest strongly with a strong foundation, and see the costs for 1 floor.
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