Skip to main content

Posts

How to Buy Land/Property in an Auction in Kenya

  Just like you can buy a car, house, or something else during an auction, land is also part of an asset that you can acquire through auction. The main advantage of buying land or property through an auction is that you will get it at a far lower price than the market value, although it won’t be that low because laws governing auctions in Kenya require that the price should not be below 75% of the actual value. Some people are usually hesitant to buy property in an auction due to the many risks involved, but the truth is that if you follow due process, there’s nothing to worry about. Buying a property/land through the auction will require you to go through the following 8 main steps; 1 .        Looking for the land/property up for auction Land or property set for auctioning is usually advised in newspapers and other public places. You can also get to know which land is up for an auction through real estate websites, real estate agents, local ba...

Top 8 Ceiling Types Ideal for Your House (PHOTOS)

  Are you planning to build a house, or are you already building a house that is nearing completion? Here are some of the best ceiling ideas you can pick from to use on that home – and give it an elegant look. Speciality Moldings These type of ceilings are common in historic homes and if you want to give your modern house a traditional look, they are just perfect. Speciality mouldings will look beautiful in a variety of designs – and be sure, they will keep your house classic. Ceiling Trays Ceiling Trays work perfectly for a house with high ceiling as they give the room more depth and make it eel more spacious. Although they are simple in design, they add a nice finishing touch. Ceiling trays are basically recessed ceiling in which the highest point, which is the centre, is inverted. Flat ceilings Go for this type of ceiling if you don’t have a high ceiling. Although they are the standard ceiling type, they are beautiful just like some of the fancy ceiling types you mig...

How to Ensure You Follow Due Diligence When Buying Land

  Land is today the most sought-after asset in Kenya. There are tens of hundreds of people looking for land to buy, just as there are hundreds of companies involved in the purchase and sale of land. With a huge demand in the land industry, there is always a danger of getting conned – and this is why due diligence must be followed when buying that dream piece of land – be it from an individual or a company. So what is due diligence and what does it involve? Due diligence is basically getting to know the facts about the land you want to buy like ownership, size among all other paperwork involved – making sure they are in order. Find Property in Uasin Gishu County Baoriat Agencies Call: +254 721-554-937 If you follow due diligence in land matters, it is easier to identify conmen or things that would help you avoid getting into deals that might turn our problematic later on. Here is a list of things that you need to do – before making the final payment for that land deal; L...

How to Find Out the Value of Land in Kenya

  If you are involved in the purchase and sale of the land/property industry, it is always good to know how much whatever you're buying or selling costs. As a buyer, knowing the value of what you are about to buy will also ensure you don’t overpay for it. Understanding the value of your property will also inform among others; the pricing and rent (if it is commercial buildings (s). For you to get to know the value of property/land, you can either get a property appraisal from a certified real estate professional or engage professional valuers. Real estate professionals will show you the estimated market value based on current trends in the region that the land is located while professional valuers will calculate the value of your property. So what are the parameters used in determining the value of a property or land? Among the key things that valuers will be looking at include; -           Size of the land -   ...

Road Projects Likely To Push Land Prices High In Uasin Gishu County

  Uasin Gishu is among the top counties in Kenya that you should consider investing in – especially in buying land. The county has rich agricultural land as well as a huge market base for real estate in Eldoret town – its capital which is ranked the fastest-growing urban centre in Kenya, and the fourth most populated after Nairobi, Mombasa, Ruiru and Nakuru. Since the onset of devolution in 2013, Uasin Gishu has witnessed tremendous growth in several key areas, among them infrastructure, which has led to a rise in land prices. We take you through some of the ongoing projects, and those that have already been completed which are likely to push higher the value of land in Uasin Gishu. Eldoret Bypass It is not the first time that we are mentioning the impact of the Sh6 billion Eldoret bypass on the value of the land. Already land around the bypass route has skyrocketed and once the project is complete, the prices will still rise. The 32 kilometres bypass which starts at Chep...

Major Urban Areas in Uasin Gishu (Apart from Eldoret) – Where to Buy Land

  Uasin Gishu is one of the 47 counties in Kenya located in the former Rift Valley Province with Eldoret town as its capital. The county number 27 is located on a plateau and has a cool and temperate climate. Uasin Gishu is known as Kenya’s food basket due to Agriculture being a major economic activity amongst its locals that mainly plant maize, wheat as well as practice dairy farming among others. Apart from Eldoret town which is the largest population centre in the county which also serves as an administrative and commercial centre, there are several other urban centres in Uasin Gishy where you can invest in – by buying land, either for commercial use or for agricultural purposes. Moi’s Bridge Located in Soy Sub County, along Eldoret-Kitale road, Moi’s Bridge is among the most populated urban areas outside Eldoret town. Currently, a trading centre, Moi’s Bridge hosts several financial institutions, the National Cereals and Produce Board (NCPB) silo as well as an agroh...

To Buy Or Build? Options For Homeowners In A Covid-Hit World

  By The Standard The method of homeownership has divided opinion among industry experts over the year, but it is more pronounced now following the devastation of Covid-19 on incomes. Various restrictions put in place since last year to contain the pandemic have led to companies laying off some employees or requiring them to work from home on reduced pay. Working from home has also brought the issue of space to the fore as people get locked in with their families. “Most of the people who do not make a lot of money will definitely be looking for affordable housing,” says Beatrice Wacuka, a research analyst at Superior Homes Kenya. “That is why you see some of those residential areas around the city now deserted as people look for cheaper options. A lot of people are looking for options, and housing is now an issue most discussed.” She says as the markets are in stress, people who can afford to buy some of the properties on offer should go for them.  “Of course ...