People have to take care of many things if they have a plan to purchase apartments in Nairobi. Some of these factors include resale value, quality, expenses, location, and many other things. People can also purchase a house but the same factors need to be checked. Here are some of the tips, which will help the people to purchase apartments in Nairobi Kenya, or a house.
Criteria
Before deciding to purchase a house or apartment in Kenya, people need to check about various criteria, which they have to follow. There are many criteria available and people need to choose the relevant criteria which they need to purchase the property. Here are some of the criteria for apartments and houses, which people have to follow.
Apartments
The factors on which the purchase of an apartment include the following:
- Address of the apartment
- Housing state
- Budget
- Expenses of co-ownership
- Transfer of taxes
- Taxes
All these expenses have to be borne by the buyer. In this case, the difference between a house and an apartment is negligible.
House
The calculation of the price of a house is done according to its specifications. The price is also decided upon different facilities in and around the house and these include:
- Distance from the city
- Garden and its size
- Swimming pool
- Ancillary cost and transfer duties should also be checked and they are to be paid by the buyer.
Things to be checked before buying
There are many things in the apartment and house that people need to check before finalizing the purchase. These things are discussed here.
Apartment
- Location of the apartment which will include neighborhood, the orientation of the building, distance from important places like grocery shops, shopping malls, parks, etc.
- Provision of new services and urban planning
- Condition of the accommodation
- Any repair or replacement to be done and it’s budget
- Regulations of co-ownership which will include expenses distribution, the amount paid by the co-owners
- Internet connection and it’s quality
- Local taxes
House
Here are the things, which people need to look for if they are going to purchase a house.
- Location of the house and places around it
- Accommodation and it’s quality
- Things to be repaired or replaced
- Amount of various bills like heat, water, electricity, etc.
- Internet connection and it’s quality
- Rules regarding the house and the land
- Specifications of the house
Reasons for purchasing an apartment in Kenya
If a person has decided to purchase an apartment, he must be aware of various types of furnishings as the cost of an apartment is based on these furnishings. Apartments are of many types like a house, apartments, furnished studios, and many others. If an apartment is costly, people can opt for a furnished studio. The facilities available in an apartment may or may not be available in the studio. Another advantage of apartments is less deterioration as the tenants in apartments live for a long time. People need to check the profitability of the apartment before purchasing it. Other advantages are as follows.
- The price of the apartment depends on its location. The criteria discussed are also the basis on which the cost of the apartment is decided.
- The investment in the apartment depends on surrounding areas like parks, tennis court, gym, garden, swimming pool, etc.
There are some disadvantages also which are as follows.
- The price of the apartment depends on its location. The criteria discussed are also the basis on which the cost of the apartment is decided.
- The investment in the apartment depends on surrounding areas like parks, tennis court, gym, garden, swimming pool, etc.
Reasons for purchasing a house in Kenya
Research and studies have shown that most of the people in Kenya love to live in a separate house. People can rent it and it has been estimated that tenants live in a house for five to six years. This is the main advantage. The disadvantages are as follows:
- The cost of a house is high.
- The maintenance cost is high.
- No space for garden or green space
Wrapping Up
If people want to have tenants, then apartments are good as they have many flats and tenants live there for a long to so chances of deterioration is less. The cost of house is high and its maintenance cost is high. In spite of this, people like to live in separate houses rather than apartment.
