Buying a new home is tough, and sometimes sellers don’t make it easy as they will do anything to make their property more appealing to potential buyers. Unfortunately, it’s left up to the buyer to search out those red flags before the ink dries. “Let the buyer beware” might be an overused expression, but it’s a perfect cautionary phrase to keep top of mind when you’re buying a new home. Here are seven red flags you should look for when looking to buy a new home. #1. Avoid listings with fewer photos when buying a new home. Would you be hesitant about dating someone who avoided showing you how they looked before meeting them? We would too. The same alarms firing off that tell you this is a red flag can be applied to the process of buying a new home. You should be immediately suspicious of the listing’s lack of photos because they’re likely hiding something. The house could need substantial work, renovations or repairs you don’t want to be stuck fixing. If you’re brave enough to do a walkthrough, just remember not to freak out as you pull up to what could be a disaster. #2. Watch out…

Land Buying Process: Besides land being the most rewarding asset to acquire, you need to know that it comes with the highest risk factors to be avoided. Buying land as an individual can be a very risky affair. A buyer can easily fall into the hands of predators ready to feast on your hard-earned cash using empty promises. Always be ready to learn from those experienced in the business. So if you want to buy land, the first thing you will do after identifying that piece of land is getting a copy of the title deed from the owner, to conduct a search at the land’s registry. The search results will show all details of the land including, location, size, the real owner and any cautions, if any, placed on the land. Once one is satisfied, the buyer through his lawyer will draw anofferletter with details of both the seller and the buyer and the piece of land. From here, negotiations take over until a price is agreed up. After the negotiation, the buyer obtains twomaps(one drawn to scale and another with an overview of the land showing adjacent lands) from the Ministry of Lands, or a surveyor. The buyer,…

The State has sealed a legal loophole that risked blocking investors from phased development of high-rise buildings on parcels of land where some complete units had been sold and titles transferred to owners. A newly published policy by the Lands and Physical Planning ministry will see the Sectional Properties Act 2020 amended to allow for a phased and mixed development of properties. “Increasinglythere is a need by developers to develop their pieces of land in phases. If the land is under one title it presents a problem under Sectional Properties Act since the head title cannot be surrendered until the entire land has been developed,” the policy says. “There is, therefore, need to ensure that the land can be subdivided into phases to allow for separate head titles to be surrendered and thus allow for the application of Sectional Properties Act.” Under the current law, once a title is committed to sectional properties, the original owner ceases to enjoy any reversionary rights which, after registration of sectional units, are enjoyed by the individual unit owners. “In areas of mixed-use development, there is need for a mechanism of maintaining minimum economically viable parcel sizes concurrently with the ability to grant individual…

Falling apartment prices in Kilimani and Kileleshwa weighed down the Nairobi property market into negative price growth in the 12 months to June, dampening hopes of a recovery in the sector hit hard by the Covid pandemic. A survey by realtors HassConsult found that on average, houses in Nairobi recorded a 1.7 percent price drop in the period, with oversupply causing apartment prices to fall especially in the upper middle class localities. Affordability is also an issue due to the massive job losses and pay cuts experienced by many Kenyans in the past 15 months. Business performance has also been negatively affected by the pandemic, thus robbing developers many would be buyers who are instead looking to conserve cash due to the uncertain times. “The property market is experiencing static sales price performance driven by the oversupplied apartment market in Kilimani and Kileleshwa, down 9.5 percent and 6.9 percent respectively in the last year,” said HassConsult. Apartments on average recorded a 5.8 percent drop in price during the period, far ahead of detached houses whose prices dropped by 1.7 percent, and semi-detached units whose prices went up by 0.7 percent on average. While prices remained in the red, rents continued…

Real estate prices are really soaring at an unprecedented level today, but this doesn’t mean that you need to end up priced out of the housing market. If anything, once you get on the housing ladder, you will have an asset that promises to continue increasing its value exponentially. One way to make it easier for explanation is to think of how casino bonuses work. They are great incentives. You pick one, and while the wagering requirements can sometimes be a little much, you will be happy with the winnings afterwards. That is precisely how the real estate market works. It may be a little difficult to get in it at first, but once you do, you should be fairly safe with real estate prices staying steady for years to come. It’s as Tony Sloterman, product owner at Casino Bonuses Finder, says – getting the right house deal is like getting the right bonus deal. You need to do your due diligence, and if you do, you will be happy with the results, which will help you set yourself on a path to economic stability. How to Get into Real Estate – Upscale The first thing to know is that…

Real estate prices are really soaring at an unprecedented level today, but this doesn’t mean that you need to end up priced out of the housing market. If anything, once you get on the housing ladder, you will have an asset that promises to continue increasing its value exponentially. One way to make it easier for explanation is to think of how casino bonuses work. They are great incentives. You pick one fromhttps://kenya-bonusesfinder.com/online-casinos/, and while the wagering requirements can sometimes be a little much, you will be happy with the winnings afterwards. That is precisely how the real estate market works. It may be a little difficult to get in it at first, but once you do, you should be fairly safe with real estate prices staying steady for years to come. It’s as Tony Sloterman, product owner at Casino Bonuses Finder, says – getting the right house deal is like getting the right bonus deal. You need to do your due diligence, and if you do, you will be happy with the results, which will help you set yourself on a path to economic stability. How to Get into Real Estate – Upscale The first thing to know is…

Land is one of the biggest challenges facing farmers in Africa and Kenya. However, if you have 1/8thacre piece of land, there are various types of small-scale farming that you can do. Examples include: Mushroom farming They do not require a huge area of land. Since button mushrooms do not grow tall, they can be cultivated on an 1/8thacre. It is enough to set up an incubation house. Having 600 bags in one cropping room, you can get close to one tonne of button mushrooms averaging ksh600/kg translating to a total of ksh700,000. Mushrooms can be supplied to supermarkets, hotels, households and can also be imported. Green chili and capsicum farming Chilies and capsicum grow best in warm and humid conditions. The area should receive about 6-8 hours of sunlight. They do not require as much water as other plants. It takes the seeds 2 to 4 months to grow and produce fruit. An 1/8thacre plot can produce at least 150kg per produce selling for ksh 50/= per kg. Poultry Farming Poultry involves keeping of chicken, which can be indigenous (Kienyeji), layers, or broilers. Improved indigenous breeds are also available. In Kenya, chicken eggs are consumed more than meat. The…