Baoriat Real Estate Limited

  Demand for rental houses within Eldoret town has been on the rise in the past few months. This is as a result of a sharp increase in the Eldoret population. A  2019 Kenya Population and Housing Census  ranked the Uasin Gishu’s capital as the fastest-growing town in Kenya, with a population of over 475,000 people – making it the fifth most populated urban centre after Nairobi, Mombasa, Nakuru and Ruiru If you are looking for a perfect venture to invest in – rental houses are one of them, and we at Baoriat Agencies are ready to walk with you through the process of acquiring a piece of land, plot or property within and around the town. For those seeking to move into the town to settle for any reason be it a change of workplace or looking for greener pastures, we are here to help you identify the best and affordable estate to live in – depending with your ability and budget. Here are rental charges at major residential estates within Eldoret town. Munyaka This ...

Are you looking for a place to invest in? Perhaps Eldoret town is your best bet. We at Baoriat Agencies are committed and ready to help you invest – be it purchase of land for agricultural purposes, a home or for setting up a real estate. Maybe you are interested in putting up your investment in Eldoret but you don’t know it that well, – read on for all you need to know about this town that serves as the capital of Uasin Gishu, one of the 47 counties in Kenya. Location Eldoret town lies south of Cherangani Hills at an elevation that varies from 2,100 meters above sea level (at Eldoret International Airport) to over 2,700 meters. It is located in the Rift Valley region, about 325.5 kilometres from Kenya’s capital, Nairobi. Population According to the 2019 Kenya Population and Housing Census, Eldoret is the fifth most populated urban area in the country after  Nairobi, Mombasa, Nakuru and Ruiru. With 475,716 people, according to 2019 National Census, Eldoret is ...

Fig. 1 showing photography of off-plan property in Kenya In Real Estate, off plan purchase is referred to as buying a property that is still under development process or rather it is yet to be completed.   In Kenya, there are various factors that motivate purchase in off plan. These factors include; good payment plan, reputable developer, substantial savings, ability to give input on a show-house and lastly good negotiation power especially while paying in many units.  Off plan purchase here in Kenya comes with its pros and cons. They include; Pros of off plan purchase of Property in Real estate. What are these pros (advantages) of off plan purchase in Real estate? 1. You are locked in a price which saves you in any future market trends. Purchasing your property off the plan allows you to lock in the price and saves you from any future market trends that may see the rest of the houses in the area go up in price. Even if your property’s value goes up, you will not need ...

When house hunting, looking out for these red flags is very important because it saves you money. Also, this will help you know whether you should buy that particular house or look for a better one that has less of these red flags or no red flags at all. Below are some of the red flags you should be keen about: 1. Availability of many vacant houses/ homes for sale in the area. If there are a big percentage of homes for sale in a particular neighborhood, it may indicate that people are leaving instead of staying…which begs for the question: Why? If you encounter this situation, do some digging. Has crime spiked in the area before? Is there some kind of development going in that will change the feel of the neighborhood? Ask around before you make an offer on the home. 2. Presence of cracked walls and floor. cracked wall of a new house It is normal for a house to have wear and tear if it’s not new. But if you notice that it has cracks which are more than half an inch, this is a ...

It is of great importance for any property investor to carry out site visit before deciding whether or not to purchase the property. Being confident that the property (land) is a good match with what you are looking for, is the key in making successful purchase of whatever kind of property you would like to own. Here are some of the things pay attention to during site visits: Proximity of social utilities/ Public utilities. During site visits, pay attention to the closeness of the available social utilities such as water source and electricity. As much as the map indicates that all these are available, it is very important to go and confirm on your own. Find out whether you’ll face any setbacks in getting electricity or water in your home. Confirm whether the property is a freehold property or a leasehold property. Ensure that during site visit, the property owner has to confirm whether the property is a freehold or a leasehold. What is the difference between a freehold propert...

Residential space in Kenya In Kenya, most investors are now investing in real estate due to the positive cash flow attach to every property. In return, they gain financial freedom and secure their goals as well. Annually, Real estate appreciates in value not only in Kenya but also worldwide. Here are the reasons why there is a significant increase in value of real estate property specifically in Kenya; 1. Rapid growth in population. With rapid growth in population especially in urban areas, most Kenyans have to provide shelter for their families. This definitely results to high demand for more real estate residential projects (housing projects). In other words, this means that increase in demand of more homes directly translates into faster population appreciation in Real Estate prices. 2. General behavior of fiscal inflation. Yearly, property is evidently expensive to develop and also maintain. This becomes a concern due to steady increase in price of construction materials or...

Agricultural land for sale. Whilst property fraud comes in various guises, here in Kenya, there are several instances where land owners have had their property fraudulently sold without their consent. Dishonest solicitors, false witnesses, forged signatures in land transfer deeds are the usual ingredients in the mix for property fraud in our country.  Baoriat Agencies    has therefore compiled this awesome piece to enlighten you on how to avoid being a victim of land fraud when buying property in Kenya. 1. Be conversant with your land agent. Knowing your agent or broker is one of the ways to curb land fraud in Kenya. Ensure that the very first person you contact before purchasing your property is the land agent of that particular property. Ask for copies of their proper identity like confirmation of their registration with Real Estate Agent Board and national identification card just to be sure that you are dealing with the right people. 2. Know the land owner/ sell...

Photography showing raw land in Kenya It is every Property seller’s joy to always sell their property very fast without undergoing a lot of difficulties and the toil that comes with the process of selling Land in Kenya especially if it is a raw land. Here are the 5 common mistakes and solutions most of the landowners commit while selling their land in our country.  1. Overpricing your property. One of the key things a land buyer will look at is the price of that particular property. Overpricing your property/ land will obviously turn off potential buyers who may have developed interest in your land. It is therefore very important to carry out a proper research on the market prices around that area and trends will do you good as a land-seller before making up your mind on the final price of your land. While in the process of researching, you will get to discover  other ways of selling land fast here in Kenya . 2. Taking low quality photos of the land you are selling. Taking...