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...
Did you know that the Diaspora remittance inflows by June 2021, amounted to USD 305.9 million? This, in comparison to a study done by Central Bank in 2017 where the remittance was USD 143.9 shows a remarkable increase in investment. Most funds are sent to relatives with real estate, food, education, and health. If you currently live and work abroad one of the best ways to put your money to good use is to...
Did you know that 54% of employees cite money matters as their biggest cause of stress? That’s more than 18% of their job,12% of relationships, and 11% of health concerns. Why is it so easy to hit the panic button whenever the topic of money arises? As Kenyans, we are only taught how to make money. Our schools and peers rarely teach us to manage our finances. We need to address what’s most important...
Cost of Constructing a House in Kenya Ever wondered how much it costs to construct a house in Kenya? Here is a breakdown; Project Inception (Typically Free of Charge) This is the part where you consult a registered architect on your upcoming construction project. The architect subsequently analyzes your requirements and advises on the best possible approaches. Outline Proposals (1% or...
On the 27th of November 2021, Mintvilla Housing held a handover event for the Phase 1 project of Twinfalls City, located in Malaa along Kangundo Road. The event was a resounding success, with a great turnout and fantastic refreshments, including nyama choma. The event was commissioned by Patrick Kibaya, the CEC Lands & Physical Planning Machakos County, who delivered a speech on behalf of H.E...
Why Buy Land in a gated Community “In its modern form, a gated community (or walled community) is a form of residential community or housing estate containing strictly controlled entrances for pedestrians, bicycles, and cars and it’s often characterized by a closed perimeter of walls and fences. Gated communities usually consist of small residential streets and include various shared amenities. These...
Regardless of the condition of the house, you’re about to move into, there’s always a nagging urge to make it better or rather customize it to befit your standard and quickly feel at ‘home’. Getting every aspect of your home improvement right or having a clear plan regarding what you want plays a significant role in saving both time and money. Here is a compilation of top home improvement tips to...
A mortgage is a loan provided by financial institutions, mostly banks to help home buyers purchase a home. One of mortgage’s biggest advantage is that you get to own a bigger chunk of your property every time you make a mortgage payment. The property in hand acts as the collateral of the loan. Most lenders will require you to pay an initial twenty percent of the value of the property before going on to...
You’ve just settled on a property and its now the key moment whereby you’re just about to buy your dream home. But there’s a hitch, you are torn between buying the house in cash or financing the deal through mortgage payment. We are going to look at some pros and cons of both to help you decide on which is the most preferable method for you. Cash makes you an Attractive Buyer It is no secret that...
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