There is always some excitement that comes with being a first-time home buyer. But acquiring a home is a sensitive process, and if you are not well prepared, you can end up regretting it. Here are 5 common mistakes first-time home buyers make; Inadequate location research When we talk about the location we are not only speaking about the distance of the house from your workplace/town but also;...
For many Kenyans who desire a secure, comfortable, and happy life, buying a home is a dream. This goal has been made a reality for more than 100 people thanks to Mintvilla housing. These are the top 5 reasons to buy a house: Investment The best investment in Kenya has been determined to be real estate. As the demand for homes has grown over the past few years, there has been a...
Kangundo road is located 59km from Nairobi which is a one-hour drive from CBD. Towns along the road include Ruai, kamulu, Joska and Malaa. Many people working in Nairobi have either built a home in one of those places or have rented a house there. Here are 4 fascinating reasons why you should consider investing along kangundo road: Kangundo road expansion The expansion of Kangundo Road...
Are you new to kangundo road? Are you planning to live there? Below is a list of notable primary and secondary schools along Kangundo Road. Mission of hope schools Joska Brookshine Schools Mukalwa Junior Academy Primary School Magodo Complex Primary School Tala Academy Primary School Kwaken Primary School Uthini Academy Primary School Mt Sinai Primary School Nguluni...
Inflation is the increase in prices or the increase in the cost of living in a country. The inflation rate in Kenya has been alarming, From 5.1% in February to 7.9% in June 2022. For 2022, projections indicated annual average inflation at five percent in Kenya, above the rate projected in other African countries. This is partly affected by the war in Ukraine and the ongoing COVID 19...
How to do an online title search According to Huduma Kenya, a title deed is the only proof of land ownership. Before customers buy a real estate property, they ask for a title deed search to establish the actual owner before making an offer. There are two types of title deeds: Freehold -where the landowner has the maximum rights to the land without any time period or any other...
The following is a list of top institutions in the country that offers mortgages; KCB Bank You can borrow from KES 100 million with up to 90% for owner-occupier,80% for income-generating properties, and 70% for plot purchase. The interest rate is 13.3%. ABSA Bank of Kenya Financing up to 90% financing with a repayment period of up to 25years Stanbic Bank Up to 105% finance...
Do you know that it will only take you 10 years to attain financial freedom if you start now? Fascinating as it may sound here is how you get started; Budgeting and tracking your finances. You should be aware of where all of your money goes. Tracking is as simple as writing down your daily expenses and analyzing them at the end of the month. Budget once you've defined where your money goes. You can...
Budgeting is the process of planning how you spend your money. It is merely a comparison of how much you bring in and your expected expenses monthly or quarterly or yearly. A budget is important because it helps you determine your spending plan and in turn, shows you where you should limit your spending and what you can afford to spend more money on. There are three ways you can budget:...
Kenyans Earning Less than KSh 150k Eligible for KSh 549 Million Mortgage Loans from Co-op Bank The Kenya Mortgage Refinance Company (KMRC) has given Co-operative Bank a KSh 549.8 million for onward lending. Co-operative Bank will lend the amount to home buyers, thus boosting its mortgage availability and loan accounts Pay attention. The bank received a KSh 549.8 million loan from KMRC in June 2021...