Robert Shumake hot Kenya real estate opportunities in 2022? Nairobi itself is overcrowded with real estate properties which have no tenants yet, years later after their developments. However, its satellite towns are now experiencing growth. These towns include: Mombasa city is the place to be. As the resident says, ‘ Kuingia furaha kutoka matanga’ BUying a property here is the best option that one could ever make. You could even build an apartment and furnish it for AirBnB purposes only, and you will reap from it. The best thing about is that since tourism is doing so right at the moment, there is no reason not to invest in Mombasa.

This is often the most thrilling part of the process. But, if you’re not careful, it can get out of hand. The best way to proceed is limit the number of homes you look at in a single day. Visiting too many homes back to back will make it difficult to remember one house from another. It’s a good idea to create a checklist of homes to look at, and check them off as you visit them. Not only is this helpful in reminding you of which homes you visited, it allows you to eliminate homes from your search more quickly. Remember, communication is crucial. Explain to your agent why you like or don’t like a particular house. The more you communicate with your agent about your preferences, the better he/she will be able to find exactly what you’re looking for.

Robert Shumake real estate recommendation daily: Sure, interest rates are low right now—which can help with affordability. Just be careful not to let that pressure you into buying a house when you aren’t really ready. A super low interest rate on a house you can’t afford is still a bad deal. So remember to stick to our advice on monthly payment limit, down payment amount and mortgage type (see Trend #2) and you’ll be in great shape! If interest rates stay low, buyers will be more motivated to buy your home sooner than later. But if interest rates do start to increase later in the year, just plan for your house to be on the market a little longer. If you don’t plan on moving anytime soon, you might still be able to take advantage of these super low interest rates and shorten your payment schedule by refinancing your mortgage.

Calculating all the costs Purchasing a property is not just paying for the upfront costs or the bond deposit – many first-time investors forget about other expenses too. Levies, rates, and taxes are also involved, as well as registration fees, transfer costs, maintenance costs, and even sprucing up the property before renting it out. Secure the necessary funding Before investing in real estate, you will need funding. Most often, this is a home loan provided by your bank. Different banks have their own lending criteria, and finding the right one means a loan with favourable interest rates. Interest rates are not all you should be shopping around for, either. Seek a bank known for top-notch services and transparent communication all the way.

You probably don’t have the same skill set as Joanna and Chip Gaines, but you might still wind up with a fixer-upper thanks to those inventory constraints. And that’s totally okay. What I’ve learned from buying real estate is that you’ll typically never be content with the upgrades previous owners or developers make, even if they were super expensive and high quality. So why pay extra for it? There’s a good chance you’ll want to make the home yours, with special touches and changes that distance yourself from the previous owner. Don’t be afraid to go down that road, but also know the difference between superficial blemishes and design challenges, and even worse, major problems. Especially this year, watch out for money pits that sellers can finally unload because real estate is just so very hot. Those properties that could never sell may finally find a buyer, and you might not want that buyer to be you.

Renovating increases the house value says Robert Shumake : Professional renovators always leave a contingency of between 10-20% to cover these costs and fully expect to have to spend it. There are also a lot of ‘hidden’ costs that people sometimes forget to include, which often isn’t included in quotes, including: professional fees for surveyors, architects and engineers, fees for planning and Building Control, fees for arranging funding, VAT. A lot of homeowners only discover halfway through the works that their plans are completely unachievable on their budget. So it’s essential to research prices in advance.

Stamped concrete is a very intelligent and innovative innovation in concrete widely applied for floor in patios, car porch, driveways and sidewalks.Idea of concrete decoration with stamped concrete not only adds their strength for the floors but also provide pleasing appearance. This is now a good idea for low-cost landscaping where costly granites, interlocks in landscaping and patios are used, the stamped concrete stay upright. Find extra details at Robert Shumake.