Tuesday, January 8, 2019
Construction Company in Kisumu
Construction Company in Kisumu: As a real estate developer in Kisumu, we undertake all kind of projects such as residential, commercial as well as industrial. We are known for delivering high-quality projects on time and within the client’s budget. At West Kenya Real Estate, we work strictly with design and building models that are approved with the local authority, …
Sunday, January 6, 2019
Hostels in Kisumu, Kakamega
Hostels in Kisumu, Kakamega: Our hostels are kept to very high standards and provide a good environment for learning. If you are looking for hostels in Kisumu or hostels in Kakamega, we have the best hostels at affordable rates. WHAT TO EXPECT IN OUR HOSTELS IN KISUMU AND KAKAMEGA We are constantly improving our hostels monthly and so these …
Thursday, January 3, 2019
Hostels in Kisumu, Kakamega
Hostels in Kisumu, Kakamega: Our hostels are kept to very high standards and provide a good environment for learning. If you are looking for hostels in Kisumu or hostels in Kakamega, we have the best hostels at affordable rates. WHAT TO EXPECT IN OUR HOSTELS IN KISUMU AND KAKAMEGA We are constantly improving our hostels monthly and so these …
Tuesday, January 1, 2019
Mbale Property Management: 5 Tips to help identify housing potential areas
Mbale Property Management: 5 Tips to help identify housing potential areas: New Year with new plans, ideas and investment prospects. One of the areas of investment in housing. As a property management company, we have witnessed a lot in the housing sector and would wish to share some tips to help you identify areas of housing potential for investment purposes. Location When you want to invest …
Sunday, December 30, 2018
Kisumu Property Developer: 16 Helpful Tips for Building Your first Apartment.
Kisumu Property Developer: 16 Helpful Tips for Building Your first Apartment.: West Kenya Real Estate is a Kisumu Property Developer of choice for many people and will continue to serve you exceptionally well
Monday, December 17, 2018
Student hostels in Kisumu: Why Hostels are great places to stay
Anyone beginning a college or a university will have a decision to make of the perfect location to stay. Many students rush for college hostels while some prefer privately managed hostels outside the university or college compound. Several students who are privileged to learn near their homes return home after studies daily.
As a student or parent eagerly seeking for a student hostel, you need to understand what hostels should offer. Generally, student hostels are great places for students to reside in because of fairly good amenities offered, cheap accommodation, good foods and a generally great environment to stay yourself studying. As for one looking for accommodation, you need to know what to expect in a student hostel.
Good student hostels or generally hostels and get a private stay should ensure that you get the following benefits;
1) They are a lesser amount than hotels. If you were to stay in a hostel, you are sure to pay a few hundreds of shillings per night compared to a basic accommodation. For example, a basic standard accommodation can cost you roughly Kenya shilling five thousand a night. A hostel will charge you less than Kenya shilling one thousand only for one night stay.
2) Many hostels have free access to the kitchen and laundry. For student hostels, the kitchen may be restricted but there is definitely a cook who prepares food for students and even laundry clothes at some little fees.
3) Most hostels usually are located closer public transportation. Students usually don't go long distances in order to are able to catch a public transportation means.
4) Hostel workers should also show you of the area and all you need to know. This ensures you enjoy exactly what the area provides and therefore avoid unnecessary risks.
5) Hostels need to have clear rules and policies which guide people who stay in the hostels. This gives you the peace of mind that where you want to stay or secure for your child to stay is prospect. These policies should cover safety and security issues as well as cleanliness and hygiene.
6) Offers accommodation to students regardless of whether the public or university hostels are closed. There are times in which the university has closed down for whatever reasons and students are locked out of the hostels, private hostels become a save heaven for students before they instead go home to some days or just study and wait for the college to open its doors.
There are could be many benefits to host yourself or child in a hostel, especially privately owned hostels. How do you find student hostels in Kisumu? Student hostels in Kakamega? West Kenya Real Estate is a premier real estate company that serves property management, real estate development, purchase and sale of land and building and property valuation services but additionally offers nice hostel accommodation in Kisumu and Kakamega. Currently, our hostels are capable of accommodate over two hundred students.
Are you looking for student hostels in Kisumu or student hostels in Kakamega? Visit our hostels in Kisumu and Kakamega page learn more including dates and the best way to reserve a hostel.
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As a student or parent eagerly seeking for a student hostel, you need to understand what hostels should offer. Generally, student hostels are great places for students to reside in because of fairly good amenities offered, cheap accommodation, good foods and a generally great environment to stay yourself studying. As for one looking for accommodation, you need to know what to expect in a student hostel.
Good student hostels or generally hostels and get a private stay should ensure that you get the following benefits;
1) They are a lesser amount than hotels. If you were to stay in a hostel, you are sure to pay a few hundreds of shillings per night compared to a basic accommodation. For example, a basic standard accommodation can cost you roughly Kenya shilling five thousand a night. A hostel will charge you less than Kenya shilling one thousand only for one night stay.
2) Many hostels have free access to the kitchen and laundry. For student hostels, the kitchen may be restricted but there is definitely a cook who prepares food for students and even laundry clothes at some little fees.
3) Most hostels usually are located closer public transportation. Students usually don't go long distances in order to are able to catch a public transportation means.
4) Hostel workers should also show you of the area and all you need to know. This ensures you enjoy exactly what the area provides and therefore avoid unnecessary risks.
5) Hostels need to have clear rules and policies which guide people who stay in the hostels. This gives you the peace of mind that where you want to stay or secure for your child to stay is prospect. These policies should cover safety and security issues as well as cleanliness and hygiene.
6) Offers accommodation to students regardless of whether the public or university hostels are closed. There are times in which the university has closed down for whatever reasons and students are locked out of the hostels, private hostels become a save heaven for students before they instead go home to some days or just study and wait for the college to open its doors.
There are could be many benefits to host yourself or child in a hostel, especially privately owned hostels. How do you find student hostels in Kisumu? Student hostels in Kakamega? West Kenya Real Estate is a premier real estate company that serves property management, real estate development, purchase and sale of land and building and property valuation services but additionally offers nice hostel accommodation in Kisumu and Kakamega. Currently, our hostels are capable of accommodate over two hundred students.
Are you looking for student hostels in Kisumu or student hostels in Kakamega? Visit our hostels in Kisumu and Kakamega page learn more including dates and the best way to reserve a hostel.
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Friday, November 23, 2018
Real Estate Developer Kisumu-Factors to Consider when you build an Apartment
When you need to consider investing an apartment building, there are fundamental factors which you need to think about before you invest a single coin. The end result and return thereof which largely have confidence how well you addressed those factors. Being a real estate developer kisumu, it’s our business to assist investors make right decisions before investing any money in a real estate property.
Here are the factors to consider when setting up a real estate property similar to an apartment.
1. Cash Flow
Will the property bring net positive cash flow? Simply put; will I make profit from this investment? This is very important to ask providing assess the market critically.
What will help you make good judgement here is dependent upon these factors;
The demand in the local market for unitsIf there is a huge demand that are available, you will not experience a long vacancy period. This will confirm you start getting returns immediately the property is completed and even when a tenant gets out, the time you need to bring in another tenant will be a short one.
The type of market you are going to invest inThe type of market will dictate the amount you can charge as rent. If you operate outside the expected range, you are sure to miss out on tenants. Therefore the market will impact directly on what you can receive as rental income. There are actually estate were a two bedroom unit in an apartment attract monthly rental income of between Ksh.20, 000 and Ksh30, 000. Exactly the same two bedroom unit if moved to another estate will attract a maximum of Ksh15, 000.
The cost of financingIf the cost of capital or finance is high, the return will be decreased. If you secure financing at an interest of less than 10%, you then stand a chance of creating good return from the investment than if you secure funding at an rate of interest of 13% or more.
The amount of your down paymentThe amount of deposit you commit will reduce the funding required hence the costs of financing. If you set a deposit of 40% of the cost of the project, then you will simply look for financing of 60%. If another person places a down payment of 20%, the remaining 80% will surely be financed by debt capital hence more interest expense.
Once you have looked at all these points, after this you need to ask whether you will be making money by investing in the property you have in your mind? If you don’t have a clear answer, try to find a property developer who offers consultancy or financial analyst.
2. Appreciation
You need to try to ask yourself whether the place you desire to invest as the good potential of appreciation of property value and rental over a period of time. You need to invest in a place where rental income is likely to go up and definitely not down over a period of time.
If you buy in an estate where rental income or property value rarely appreciates, then you are putting your money into a high risk area. If the value does not appreciate, there is a high chance that this value will come down over the same length of time analysis.
5. Risk
Risk is something to plan for. It’s said that you expect the ideal but you prepare for the bad thing. You have to ask yourself what happens if all your assumptions were wrong. If you expected the units to become fully occupied or at least 70% occupied yet now you only attain 35% occupancy? You expected the value of the property to go up enabling you to secure funding but overall the value has dipped?
When you plan well for the potential risk, you might be adequately conditioned for any outcome. Before investing in any property development project, assess the risks involved and figure out if you will still generate income if the risk occur.
For more information on real estate developer kisumu service, contact us, WEST KENYA REAL ESTATE.
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Here are the factors to consider when setting up a real estate property similar to an apartment.
1. Cash Flow
Will the property bring net positive cash flow? Simply put; will I make profit from this investment? This is very important to ask providing assess the market critically.
What will help you make good judgement here is dependent upon these factors;
The demand in the local market for unitsIf there is a huge demand that are available, you will not experience a long vacancy period. This will confirm you start getting returns immediately the property is completed and even when a tenant gets out, the time you need to bring in another tenant will be a short one.
The type of market you are going to invest inThe type of market will dictate the amount you can charge as rent. If you operate outside the expected range, you are sure to miss out on tenants. Therefore the market will impact directly on what you can receive as rental income. There are actually estate were a two bedroom unit in an apartment attract monthly rental income of between Ksh.20, 000 and Ksh30, 000. Exactly the same two bedroom unit if moved to another estate will attract a maximum of Ksh15, 000.
The cost of financingIf the cost of capital or finance is high, the return will be decreased. If you secure financing at an interest of less than 10%, you then stand a chance of creating good return from the investment than if you secure funding at an rate of interest of 13% or more.
The amount of your down paymentThe amount of deposit you commit will reduce the funding required hence the costs of financing. If you set a deposit of 40% of the cost of the project, then you will simply look for financing of 60%. If another person places a down payment of 20%, the remaining 80% will surely be financed by debt capital hence more interest expense.
Once you have looked at all these points, after this you need to ask whether you will be making money by investing in the property you have in your mind? If you don’t have a clear answer, try to find a property developer who offers consultancy or financial analyst.
2. Appreciation
You need to try to ask yourself whether the place you desire to invest as the good potential of appreciation of property value and rental over a period of time. You need to invest in a place where rental income is likely to go up and definitely not down over a period of time.
If you buy in an estate where rental income or property value rarely appreciates, then you are putting your money into a high risk area. If the value does not appreciate, there is a high chance that this value will come down over the same length of time analysis.
5. Risk
Risk is something to plan for. It’s said that you expect the ideal but you prepare for the bad thing. You have to ask yourself what happens if all your assumptions were wrong. If you expected the units to become fully occupied or at least 70% occupied yet now you only attain 35% occupancy? You expected the value of the property to go up enabling you to secure funding but overall the value has dipped?
When you plan well for the potential risk, you might be adequately conditioned for any outcome. Before investing in any property development project, assess the risks involved and figure out if you will still generate income if the risk occur.
For more information on real estate developer kisumu service, contact us, WEST KENYA REAL ESTATE.
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