BENEFITS TO BUYING OFF PLAN

When deciding to buy property, there several options for you consider from. One of the less known options is buying off plan. It is one of the growing investment opportunities for many homeowners. We have compiled 6 advantages of buying off plan

 

1) First Pick – Greater Choice

When buying off the plan, you get to pick your apartment first. This means you get the chance to decide on which is the best apartment from your perspective. It gives you a greater advantage in picking the property most suitable to you.

 

2) Time

Buying property off plan means you get to make your payment at a later date. You are able to save up for a bigger deposit on the property because groundbreaking is usually a few years away.

 

3) Lock in a Price

When you buy off plan, you lock in your price and if the property market grows in value, and your property goes up in value, you don’t have to pay any more.  Property value is almost always guaranteed to increase with time. An empty piece of land may find itself surrounded by a booming business district or major highway around it in the time it takes for the groundbreaking to kick off increasing the property value exponentially.

 

4) Colour Choices

You may get to choose which colors go where and not settle for the boring colors picked. Depending on your preference, your input could sway the color options for a whole development if you buy early enough..

 

5) It’s New!

As the first home buyer, you will be moving into something brand new while for investors, you will maximize your rental return as many tenants will pay more to live in a new apartment. Brand new property always fetches high interest as well as a higher price

 

6)Low initial buying price

Developers mostly require a 10 per cent deposit to secure the property. The full payment is made when the property has been built. This guarantees you become the owner of a property at a much lower buying price as compared to buying when it is built.

 

Learn more about buying property off the plan at the biggest Homes Expo this October at the Blue Triangle Cement 27th Kenya Homes Expo

5 Strategies To Market Your Real Estate Property In Kenya

The real estate industry in Kenya has evolved beyond the levels where the brand alone or the founder’s reputation used to sell real estate properties in Kenya. Currently, there have been so many new entrants that are competing for the tightening expendable income in the Kenyan economy. In 2018, it is all about getting innovative and finding better ways to reach a larger and targeted audience.  In this article, we will review some of the key strategies you can use to market your real estate property in Kenya.

 

Property listing

In this digital era, most consumers turn to online sources for information. Currently, however, the online clutter has become a major block on consumers during the decision making process. Consumers do not know who to trust especially at a time when so many scam developers and agents are cropping up. To market your property stand out, look for credible listing agents and have your property listed. This will increase the chances of you selling out your property.

Email Marketing

Capture the email addresses of new leads and current customers and develop a real estate marketing email newsletter. Online email marketing providers can help you produce professional looking newsletters and track who opened the emails, what they clicked on, and if they unsubscribed. Make sure to send useful information that is not only self-promoting. People receive a lot of junk mail in a day and you don’t want to be that type of email marketing sender. As long as you have an opt-in list to send to, you can include listing updates, industry trends, tips to find houses and even funny news of current events happening around Nairobi.

 

Bill Boards

Placing an ad on a billboard that includes a company name and a memorable image of a product or service stays visible 24 hours a day, every day of the week. Most Kenyans, especially in Nairobi and its environs, spend on average one hour on the road commuting. These mobile consumers see billboards every day while travelling for business or pleasure. Within your market, you can find out how many people pass by certain intersections or on certain thoroughfares to determine roughly where ad-space hot spots exist.

Social Media Marketing

There is a saying that goes that Facebook is the second biggest country in the world. Most people above 15 years in Kenya can be easily found on Facebook. All you need to do is create a corporate account well branded. Take advantage of the Facebook marketing campaign to target and communicate to your audience. Share offers to create attention then follow up to close sales.

Kenya Homes Expo in KICC

Another key platform that has grown to a culture is the Kenya Homes Expo held at the KICC. The Kenya Homes Expo, a platform that converges real estate stakeholders and potential and existing homeowners under one roof to explore real estate deals, gain insights and pursue worthy investments. The Kenya Homes Expo is the region’s biggest homes show, bringing a wealth of expertise harnessed for over 13 years. Targeting the entire African region with a major focus on East & Central Africa, the Kenya Homes Expo is an experiential platform that creates a level ground for real estate players to converge with a ready market for land, homes, financial advice and general real estate information. Take advantage of the next 27th Kenya Homes Expo by booking a space today

 

If you get to implement this 5 strategies you will be ahead of your competitors and you should be guaranteed to create the much-needed awareness and market education in regard to your properties. Many have followed these key strategies to turn around their sales chart, why shouldn’t you?

 

HOME INNOVATIONS TO LOOK OUT FOR THIS YEAR

This last year has been filled with interesting design trends, from intricate wall décor and wallpaper designs to contemporary building architectural designs inspired by the changing real estate trends.

2016 has come knocking and only exciting trends are in store for the home.  Our team of experts take you through home innovations to look out for this year.  These are hues you will definitely want in your home. You can also learn more by buying the current copy of the Homes Kenya Digital Magazine (Click to purchase)

  1. WALL PAINTS & HUES

2017 was ruled by wallpaper in intricate designs.  The good thing with wallpaper is that it can be in specific areas of a wall and create different moods in every space.  2018 is set to be ruled by bold colours and hues.  Purple and lilac are colour trends that will take center stage in homes this year.  Most people assume these colours are very girlie and childlike, but when combined cleverly, these colours will instantly bring charm, elegance and warmth to any room, especially the living and dining areas that have a view of the outdoors.  These are calming colours and encourage intimacy.

  1. LIGHTING WITH PENDANTS

Yes, chandeliers are still a must have in your home, but 2018 will be dominated by simple and elegant pendants.  These are probably one of the easiest ways to bring simple elegance to any room.  An elegant way to illuminate your home, pendants vary from sleek to ornate, small to large and bring beauty and boldness to any room, while giving a designer look.

  1. THE STUDY DESK

Most people today have embraced working from home.  Heck, some corporates have even gone ahead to allow their employees to work away from the office, as long as they get the job done.  Well, if you are one of these people you need to know that you cannot sit in your warm blankets with your laptop on your laps.  Apart from limiting your productivity, you are doing more harm to your back.  The study desk is back on trend this year, and you best get yourself one.  There are numerous new styles of the once humble study desk and is now a design statement.  Let’s keep the bedroom for what the bedroom was designed for.

  1. ALL BLING & METAL

This will be the year to pull all stops with metal and bling.  If you are the homeowner who wants to stand out from the rest and you want your home to make a bold statement that’s out of the ordinary, then bling and metal is the way to go.  Adding a metallic accent shows edginess while still maintaining class.  Incorporate this with metallic wallpaper on a single wall, metallic accessories like soap dispensers and dishes, accent low coffee tables and the like.  This will bring instant timeless elegance.

  1. ANKARA & KITENGE AFRICAN PRINT

There is no better time to be African than now.  With African fabric taking center stage in fashion, you can take this further by incorporating kitenge and Ankara fabric into your interior décor and furnishing.  Re-upholster your dining seats or lounge set with Ankara fabric to bring African warmth to your home.  Change your cushion covers and have a kitenge fabric stitched to fit.  I can assure you, your home will become the talk of town with unique African designer statements.  Show your personality with this fabric.

Get more Interior décor ideas by getting hold of the Digital copy of the Homes Kenya Magazine.

 

 

Affordable Living Within Reach At The 26th Kenya Homes Expo

This April from 12th to 15th, the Kenyatta International Convention Centre will play host to the Blue Triangle Cement 26th Kenya Homes Expo.  East & Central Africa’s biggest homes show themed “Affordable Living”, promises to be bigger and will offer a more innovative, vibrant and revolutionary amalgam of exhibitors/services.

The 26th Expo is sponsored by East African Portland Cement Company, the manufacturers of the “Blue Triangle Cement”, with over 84 years of cement manufacturing experience and producing the most reliable, durable and brightest brand of cement that is suitably strong for all forms of construction.   The expo is also being held in partnership with KICC, who are the Corporate Social Responsibility (CSR) partners of the Kenya Homes Expo and are working hand in hand with the organizer to deliver solutions that better the livelihoods of all Kenyans.

Fueled by the confidence that return on investment is guaranteed, the Kenya Homes Expo is now in its 14th year, holding a successful 26th run.  Being the longest standing real estate exhibition in East & Central Africa, the Kenya Homes Expo has gained repute as the leading homes expo in the region. Kenya is the gateway for the East African Community of approx.140 million people, and Nairobi has been identified as the investment destination.

When the Kenya Homes Expo was founded 14 years ago, the vision of the organizer was to create and provide a platform for Kenyans to gain access to opportunities for investment in real estate because a majority of the population was not sufficiently equipped with knowledge or tools to invest wisely, or aid in making the right decisions in real estate investments.  The myths surrounding real estate needed to be demystified and thus the birth of the Kenya Homes Expo, “a one stop shop” where people could have direct contact with the industry players under one roof i.e, land sellers, realtors, construction professionals, suppliers, consultants, financiers e.t.c, proved a worthy investment as there was now a credible platform that opened up the industry to all.

As is with every event, the Kenya Homes Expo takes into consideration the market needs and puts together a show that will meet the needs of its visitors and clientele. According to Mr. Daniel Ojijo, the founder and Executive Chairman of Homes Universal, the expo has exceeded client expectations as there is no other platform where you get relevant players and one that brings over 1,000 buyers who seal concrete deals almost immediately. He opines that the expo attracts the international market (that sees Kenya as investment hub), addresses the acute housing shortage, supports the growth of the housing industry and creates synergy between industry players. Mr. Ojijo continues to add that the Kenya Homes Expo, being held in line with one of the governments Big 4 agendas, i.e., affordable housing for all, is the very platform for Kenyans of all walks of life to seek opportunities for investment, buy affordable land/properties, and actually own a home notwithstanding their economic status.

Current indicators show that by 2025, Africa will portend business opportunities worth $5.6 Trillion.  There isn’t a better time for the Kenya Homes Expo to be held.  The Kenya Homes Expo acknowledges that there is a rising tide across Africa that brings with it new infrastructures, a better educated labor force and a youthful dynamic population.  The Marketing Director of the expo, Mrs. Maureen Ojijo affirms that Africa’s returns on investment are some of the highest in the world and that is why the expo continues to attract even more investors because Africa is the new frontier for trade and investment with the real estate industry standing to greatly benefit from this attention.

Homes Kenya Magazine Issue 71

Trendsetting Boutique Living in the Heart of Lavington

It’s about time you lived like royalty.

              Duchess Park – Live Like Royalty

Boutique living is no longer a story we read on the glossy magazines from international markets.  As more and more people gain purchase power, the need for outstanding designs in residential properties has taken center stage and as now more than ever, new developments have to keep up with the new trends.

Step into Duchess Park, home to one of the most unique design statements in property developments in East Africa.  Located in suburbia on Hatheru Road, Duchess Park is a sight to behold.  From the exteriors, all one can see is an endless high rise building, but once one sets foot inside the spacious and elegant interiors of the apartments, one is left in awe at the beauty and majestic allure of Duchess Park, a homely, luxurious community of spacious 3 and 4 bedroom all ensuite apartments and 5 bedroom luxurious duplexe apartments fit for a queen.

As the Kenyan real estate market looks towards the rising upper middle class, the likes of Duchess Park are a sure investment for the discerning home owners.  In the fast changing real estate market which does not seem to soon experience a boom, the trend has changed to building apartments and condos built like boutique apartments.  To begin, a boutique apartment is described as a home setting that is intimate, unique and luxurious.  The Oxford Dictionary defines the word boutique as a business or entity that serves a sophisticated or specialized clientele.

                               

This now begs the question, if a boutique is a sophisticated establishment, what then encompasses a boutique apartment?  In urban Nairobi, the middle to upper class Kenyans are now looking for more sophisticated living environments, which can afford them the luxuries of a hotel while still enjoying the comforts of a home.  No longer is it exciting to just own or live in an apartment in the city that just resembles an old school flat – now it is about living in utmost luxury and comfort.

Real estate developers are now fast turning to these kind of building environments and Sigimo Enterprises Limited, a fast rising real estate player is one innovative and trend setting developer that has taken the first step to provide such homes for the already established urbanites.   Built on a generous plinth area of 440 sq. m, the duplexe apartments at Duchess Park are fit with exclusive facilities including 2 lounges, private gym, bar, sauna and steam room.  One can walk around multiple high rise developments across the city, and not find anything closey familiar to Duchess Park.  From the top floor of the majestic apartments, the view of the Karen plains and the awe inspiring Ngong Hills is one to die for.  Where else in the city does one afford such views?  Nowhere, we can assure you.

Sigimo Enterprises, having observed the building trends in the country, opted to make a difference by building homes that have a unique aspect and leverage on the unique attributes of environments.  Sigimo Enterprises develops homes that produce a characteristic personal feeling in every space and develop one of-a-kind homes with an independent attitude – these are what can be defined as boutique apartments.

Property Features

  • Spacious 3 bedroom all ensuite apartments sitting on 210 sq. m with elaborate master bedroom with balcony and self contained domestic servants quarters.
  • Lovely 4 bedroom all ensuite apartments sitting on 230 sq. m with spacious master bedroom with balcony and self contained domestic servants quarters.
  • Luxurious and spacious 5 bedroom all ensuite duplexes with 2 lounges, bar and private gym among other amenities.

Duchess Park provides home owners with the ultimate luxury of having superb recreational facilities in the vicinity of your own apartment.  Unwind in the serene luxury of your home at Duchess Park, everything you ever wanted in an apartment.

Buttermilk pancakes with caramelised banana.

Hi, I’m Victoria. Great to eMeet you!

For most Kenyans, purchasing a home is a major milestone that tops many people’s lifetime to-do lists — and maybe their list of financial fears too in some cases. My story is not so different. I grew up with fairly able parents who offered me a decent education all the way to university. A massive graduation party was next in line. I had my International Relations degree tattooed on my back!

It wasn’t long before a graduate position came calling and I joined a leading microfinance institution. With a little disposable income,I could afford to spend the weekend with my girls & close friends. Unlike my university days, I could go out and spend my own money rather than depend on what we used to call “donor aid from Mum”. Fluffy buttermilk pancakes with caramelized banana and vanilla gelato was slowly becoming a weekend ritual. Life was good! A couple of years down the line, I moved out of home and I knew this was the time to start thinking about the idea of owing a home. You know when you get to that point where you’ve had enough of paying rent?

While house hunting for the first time can be exciting, tales of regretful home-buying mistakes and the not-so-distant housing market meltdown have also given it a bad name for being a stressful and confusing process. My biggest fear was mortgage. This word is like a horror movie to people. This huge axe above your life waiting to drop on you and break your frame into 2. The idea of being in debt for the next 20 years is something that doesn’t sit well with a lot of people. “It’s too risky for me. I don’t think it’s meant for someone like me. Coz like I don’t earn 200K a month or stuff. Nahh”. Let’s be honest, isn’t that what we all think?
Like most millennials, I jumped on Google to do some research on the best rates for mortgage financing at different institutions. The never ending tale of “your income can’t afford you this” came to a too good hamming song and I was at the brink of giving up when one day a friend referred me to a real estate agency. The agency took me through training on the different models, their cons and pros and I was pretty impressed this time. “Where was I all this time?” I kept asking myself.
Your guess is right – I was able to pick the model that was convenient for me and today I understand what it truly feels to be a first-time home owner. The misconception that people have about house mortgages is misleading because it’s an investment into the future – not for now. Whether you have a house to your name or not, you will have to pay rent either way, so how about you get into a mortgage plan – the mortgage payments will be your regular rent expenditure. The only difference is that the house now belongs to YOU.

Buttermilk pancakes are great, but owning a house is an even greater deal. The point is the Kshs. 2,000 you spend on the regular weekend brunch can go towards a house deposit or your mortgage plan. I will be joining you at the #HomesForAll themed event at KICC Nairobi from 27-30th October 2016. It’s all about #AffordableHousing for every budget from as low as Kes. 50,000 per month.

What’s your excuse?

Buttermilk pancakes with caramelized banana

#AffordableHousing #HomesForAll #HomesExpoKE