The Keys to Success to Investing in Kisumu Real Estate

A whole lot is being said about buying real estate. Many people may disregard but those who know the true value in real estate will want to learn more to produce more value. As a person thinking about in real estate market, you want to earn a living by getting value for your money and time. In order to create value in an investment, including real estate, there are several key things to must do right.

Keys to success in real estate investment

1. Target
You need to have your objectives before you get started to look for investment opportunity. Remember the opportunities will always be there but you need to really know what you are looking for so that not all opportunities are for you. Your goal can border any of these things;

Getting land for commercial or household project require that you take some factors into consideration. What you might require for a commercial property development might not exactly be suitable for residential projects. A commercial project may need proximity to main road or more to town centre. A residential property may require somewhere with less noises good results. good area, electricity and security, among other factors. So placed the right object.

2. Budget
This is another key component which you should be clear about. When you are clear about your budget, you will not spend time on lands which are out of your budget. If you have a budget of Ksh. 500, 00 or less, then you should give attention to such lands charges around the same amount or less.

3. Analysis
That’s where many people go wrong. You must do research on the pursuing issues whenever you want to buy a real estate property;
a) Location
The positioning of the land you are interested will help you narrow your search. You ought to have at least two locations when you want to buy land. If you just have a solitary location, it can be challenging. For example, if you need land in kisumu real estate market, you can think of Mamboleo and nyamasaria, nyamasaria and rabuor, kisian and maseno or kisian and ojola and so on.
b) Price range
The price for a property can not be a specific amount you have for investing. And so you should come up with a budget range. For example Ksh. 400, 000 to Ksh. 600, 000 is a good range to conduct search within.

c) Land challenges in that area
There are locations where majority of lands there are succession cases. That means you commit money on land but wait around several months before getting a title on your own name due to succession process. Many people have missed out on prime land due to apprehension associated with such operations. You must identify a good firm that can help you. You can probably consider buying land from a firm alternatively than a person in such cases. There are also places where there exists more than one title action. This can be more serious and not easy to manage. That occurs where the landowners have sold the land a couple of times and also produced fake titles to the unsuspecting buyers. I can give you cases where people have faced such difficult but off the articles.

d) Real estate experts or businesses operating in that area

Don’t dismiss the role of any professional real estate firm. Such organization will make certain you about the title so that they keep good business name and also stand a chance of getting affiliate from existing or new customers. So don’t walk only, find someone to help you.

e) Demand in that area and demand factors
High demand for a commodity attracts malpractices. Great demand create price walk. High demand means that you will surely get an improved return for your investment. In sense therefore, high demand brings both positives and negatives. You need to be careful so you don’t get corned for a land which doesn’t exist.

4. Paperwork
This is the carry on key thing to take proper care of. You should ensure your paperwork is good and can assist you in case things go wrong. Recharging options important that you understand the mother nature of paperwork involved.

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Tips on how to sell your property faster in Kenya real estates

33Considering the ever rising number of players within the Kenya real estates industry, investors, private developers and individual home owners are finding it harder to sell their property in the already crowded market. This is due to the rise in competition levels that’s owing to many people investing in the real estate sector in Kenya. This thus requires that you package your apartment or property appropriately as well as in a lovely manner that draw clients, and eventually have them choose your property over that of other competitors.

How exactly do you go about this process of beating competitors to their own game? It is very simple. Just follow these steps and you will find yourself on your way to making that big sale.

Engage in a research- The first order of business in preparing for sale of a property is to become accustomed to the on goings in the Kenya real estates sector. Get to know market range prices for similar properties to make sure that you don’t find yourself either over quoting or under quoting your house. Also find out which real estate firm gives best deals in cases of commission they demand which will help you sell the property in question. Get to know the one with a positive deal and go for it. Make sure to offer some incentives to buyers to have an edge over competitors.

Prepare your house- These are things such as repairs you will need to do now and again. Paint your property with suitable and attractive colors. Fix any broken appliances inside the home and also the rooftop if the iron sheets are rusted. Be certain that the house looks presentable before you put it up for sale so as to attract buyers. If it happens to be a house in a compound, ensure you mow the grass and trim trees, just in case there is, for the compound to also look neat and presentable.

Price your premises appropriately- Investigate neighborhood sales for the past say like one year for you to be knowledgeable about the value range of property within that locality. This will actually enable you to quote a price that is neither unreachable nor too low. High prices especially can be a big shut down to buyers and they are more likely to shy off from overpriced properties. The buyers themselves usually do their research before ordering property, thus they too come armed with tips about the niche price range.

Do extensive marketing- This is actually the most useful constituent of selling a house in Kenya real estates. Do extensive marketing in social media, print and not to mention broadcast media, not forgetting word for word marketing. Look for a reputable real estate firm to help you out with this crucial section of selling a property.

Negotiating and shutting the deal- Kenya real estates sector is basically a sector with variety, for this reason, similar offers originate from different people and businesses. You need to therefore be all set to receive offers and counteroffers. You should try to actually be flexible in regards to the pricing but avoid stooping too low as well.

How to market your property in Kenya real estate

54The Kenya real estate sector is an extremely competitive sector which requires a person to be very original and innovative to be able to cope up with the numerous real estate firms in the industry. You’ll have to all of the time a step in the front of the competitor and this requires generating absolute and creative marketing techniques every now and then. You will have to ensure that you hold up to the tastes and preferences of the clients. This requires you to actually go out there and do a comprehensive research on precisely what the clients want as a way to get in contact with your prospective clients.

These tips and insights that I will highlight below will provide you with a hint on how well to remain relevant in the competitive Kenya real estate sector in terms of marketing strategies;

Identify a target market- A target market by definition is basically a group of individuals having a definite want or requirement for your product or service and are also willing to part with their money for the same. Real estate is a very wide field with a number of clients. You have to identify if by chance your target market are the ones searching for a residence, commercial complex or those looking to buy units. After you have found this, you are able to know what to give your clients and at the same time do the work to the most of your capacity.

Segment your market- A market segment is a sub group of persons within your market that share common characteristics that make them identifiable. Segmenting your market helps you as an investor to better know about behavior of your respective clients. For instance do they tend to move to areas out of town or do they like the urban setting? Will they prefer units located near the main road or far from the main road? After you have identified the behaviors of the target clients, you’ll be able to come up with specifically what suits their needs and thus everybody gets what he wants. They get the most suitable properties whilst you laugh to the bank account.

Be unique in what you offer- The Kenya real estate being a competitive sector, it is essential that you set yourself apart by presenting items that will catch the attention of your potential customers as well as one that will actually influence them and motivate them to keep coming back for more. You have to be so much better than most, or if possible, your competitors. Give particular attention to little things like the home design, overall cleanliness of the house or compound; paint the home to make it look more attractive and such like things. With all of these you’ll be able to get more clients and as well retain the in-existence ones.

Engage a wide variety of marketing strategies- Most investors within the Kenya real estate market make the mistake of employing just one marketing strategy and assume that they are well off. You need to inculcate various marketing concepts such as internet marketing, direct, newsletters and many other kinds so that you can generate maximum results.

Why you should invest in Riat, Kisumu real estates

Kisumu real estates have always offered and continue to offer lots of opportunities for commercial investments in the entire County of Kisumu. Just recently, I was looking for an area to do some commercial investment. A friend recommended for me Kisumu real estates. I was shown a place known as Riat in Kisumu. It is a place I loved so much just at the first sight.

Riat is a place that one can do a number of commercial investments. First of all, it is an uphill. A place that can take approximately 20 to 25 minutes drive from town, with very quiet and serene environment, away from the noisy vehicles in the town.

Like I mentioned a bit earlier, Kisumu real estates offer several opportunities for investment. For instance, Riat, which also happens to be just opposite the airport, is a place you can do lots of the commercial investments. For instance, being a classy and a posh place, most investors, especially the Asians, love staying there. This is because of its quiet and cool environment. As an investor, you can invest in Kisumu real estate by building posh and high class houses in Riat. This will definitely fetch you hefty amount of money.

Riat is also a place where you can build hostels for accommodation purposes. Being just opposite the Airport, these can help in accommodating those who have just landed into the city. I have come to understand that there are some who fly in, are total strangers and do not know anywhere to start from. Such people can always start living their lives in the hostels as they settle down with time. It is therefore evident that such hostels can always be of help.

Another interesting thing about Riat is that it is a place full of high class people. And one of the things associated with such people is the fact that they are lovers of entertainment. As an investor, having this in mind, you can set up a resort or a club for entertainment purposes. And you can be sure to scoop a lot of cash.

You can also invest in Kisumu real estate by putting up a fitness gymnasium in Riat, bearing in mind the kind of people living in those areas. Being that they are always in their cars driving, you can take advantage of that and put up a fitness centre where they will always have to pay for the services. By this, you again can be sure to fetch some good.

Role of the Government in Kenya real estate development

The Kenyan economy has, over the past decade experienced a significant growth in most key areas. This has been attributed to a vibrant private sector and the ever increasing appetite of foreign investors in Kenya. The Kenyan government in response to this has invested heavily in infrastructure development. In addition, the government has taken steps to improve the legal and regulatory framework in key sectors of the economy like the real estate Kenya.

The government provides Kenya real estate companies with mortgage financing which enables them to acquire property and pay later in installments. The government intends to continue developing housing finance, as well as to provide the legal framework aimed at promoting further housing development. In the quest to provide affordable shelter for everyone, there are many construction projects which need investment hence the much needed co operation between the government and the real estate sector.

The government6 intends to introduce a framework for Real Estate Investment Trusts (REITs), which is a regulated investment vehicle which enables collective investment in real estate. REITs are meant to increase public participation in the Nairobi Stock Exchange and thereby provide large sums of capital for real estate projects.

Enhancing security levels within the Country is another way through which the government attempts to support the real estate sector. Investors, especially foreign investors tend to pull back when they discover that the area in which they intend to put an investment is insecure. The security, which is the mandate of the government, therefore comes as a boost to the development of Kenya real estate.

There is a government proposal that seeks to put the lending rates by banks at a fixed rate (9%) Which when passed will see accessing loans become much easier. This is intended to encourage more investors to seek loans for real estate development. This is bound to greatly boost the real estate sector because at an interest of 9%, the loan is easier to repay and more people will in turn channel their investments towards the real estate sector.

In Kenya, even foreigners can own land, though on a leasehold tenure. This move by the government is meant to attract very many foreign investors with a high appetite for big time investments into the Country. The influx of foreign investors into the Kenya real estate has greatly boosted the sector and in turn earned the government lots of revenue in tax collection. Some foreign investors eventually settle into the Country permanently and open businesses which provide revenue to the government and provide employment opportunities for majority of citizens, whose salaries also are taxed by the government equating to more revenue.

REQUIREMENTS OF A GOOD AGENT IN KENYA REAL ESTATE MANAGEMENT

Kenya real estate is one of the leading sectors driving the country’s economic wheel. This means that the sector is very competitive in terms of employment and a lot is required of an individual apart from the academic credentials. You need to boost your profile by having additional qualities and advantages so as to maintain you A-game and also to stay in the game.

The following are essential components required of a good sales agent;

  • Research skills- The agent’s expertise in his/her market area assists clients in making the right decisions in a real estate transaction. This means knowing the price range of different types of houses as well as their location. An agent should know the sales prices, number of property up for sale as well as those recently sold within his area of operation. This information prevents property buyers from looking at overpriced properties and helps sellers to determine an accurate market value.
  • Computer skills- Modern day Kenya real estate agents rely on technology to complete a sale. This includes setting up automatic email alerts of the latest properties in the market for clients and managing a database in excel and outlook. Agents use scanners to store contracts electronically. Many agents also prefer to receive text messages to communicate about the status of their property listings.
  • Communication skills- A real estate agent needs to communicate effectively with clients. The job requires explaining the property buying process as well as the contracts involved in a real estate transaction. The agent should keep clients informed of what offers have been submitted on a property, or in the case of a buyer, of the status of his offer. The agent must communicate with all the other parties involved in the transaction to complete a sale successfully. This requires one to be proficient in both written and oral communication so as to sound credible to the clients and to avoid distortion of information.

Time management- Time management skills are essential to a real estate agent because most Kenya real estate companies pay agents on a commission basis, meaning that payment is done only when a house, property or land is sold. Therefore spending time on income generating and important activities is essential. Many agents work around their clients’ schedules, which can mean working in the evenings or during weekends. This requires a certain level of discipline with time. It is important as well to set aside time for family and personal activities so that you do not get burned out because of overworking.

Awasi land for sale

Beautiful landscape. This parcel is set atop Awasi Hills facing the Nandi hills. Its got a breathtaking view of the Nandi hills and a beautiful landscape within the region.

Awasi land for sale has the following features: 600 ACRE IN SIZE Red volcanic hardcore soil Beautiful landscape. Electricity Water. Proper access roads. Quiet and serene neighborhood.

surrounded by developing

This awasi land for sale is suitable for industrial development, Hotels/Resorts, institutions, organizations, residential development SACCO societies etc Status: freehold and direct transfer. Price: Kes. 900,000/- per Acre Neg. Property Details

Type of Property

Vacant Land