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    UAE President Sheikh Khalifa Bin Zayed Dies at 73

    UAE President Sheikh Khalifa Bin Zayed Dies at 73

    11,OOO Vehicles Already Registered to Use Express Way

    11,OOO Vehicles Already Registered to Use Express Way

    New business model program to firm up corporate-startup ties launched

    New business model program to firm up corporate-startup ties launched

    Crypto firms approach KenGen seeking mining access

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    Children Without IDs to Be Registered for M-Pesa

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    Elon Musk sued by Twitter shareholder

    US Govt opens investigations into Elon Musk’s business dealings

    Former Cabinet Minister’s widow fights her kids over control of Sh250 million estate

    Court stops IEBC from implementing two-thirds gender rule

    Kenya – United Arab Emirates strengthen ties

    Emirates launches new hospitality strategy 

    Emirates launches new hospitality strategy 

  • Markets
    Twiga Invests Ksh 1 billion To Scale Access To Affordable, High Quality Produce In Kenya

    Twiga Invests Ksh 1 billion To Scale Access To Affordable, High Quality Produce In Kenya

    CMA Issues Licenses Three Fund Managers

    CMA Issues Licenses Three Fund Managers

    CCI Global to occupy largest contact centre in Kenya at Tatu City

    CCI Global to occupy largest contact centre in Kenya at Tatu City

    CMA licenses two Online Forex Trading Intermediaries

    CMA licenses two Online Forex Trading Intermediaries

    CMA licenses Embu Coffee Farmers Marketing Agency

    CMA licenses Embu Coffee Farmers Marketing Agency

    BluePeak announces Ksh1.5 B Investment in Africure

    BluePeak announces Ksh1.5 B Investment in Africure

    Falling share prices raise banks dividend returns

    Falling share prices raise banks dividend returns

    Family Bank Okays Ksh1.1 Billion Dividend Payout

    Family Bank Okays Ksh1.1 Billion Dividend Payout

    African Venture Capital Sector Touted to Shape Global Trends

    African Venture Capital Sector Touted to Shape Global Trends

  • Real Estate
    Five Reasons Why Real Estate Increases in Value

    Five Reasons Why Real Estate Increases in Value

    Optiven Foundation Launches TVET Sponsorship Program

    Optiven Foundation Launches TVET Sponsorship Program

    How Optiven is making it Easy for Kenyans to Own Transformed Land for their Dream Homes

    How Optiven is making it Easy for Kenyans to Own Transformed Land for their Dream Homes

    International Firm to help Kenyans Buy Property in The UK

    International Firm to help Kenyans Buy Property in The UK

    Centum’s Tribus To Invest Sh137 Million On 10 Youth Employment Centres

    We’re sorry: Weekly Citizen humbles before Centum CEO

    How to Build a 3 Bedroom House With Less Than Ksh1 Million

    How to Build a 3 Bedroom House With Less Than Ksh1 Million

    UK Property firm targets Kenyans wanting to invest in the UK

    UK Property firm targets Kenyans wanting to invest in the UK

    Property Firm Eyeing Increased Sales With Easter Holiday Offer

    Property Firm Eyeing Increased Sales With Easter Holiday Offer

    Centum To Set Up 270 Residential Units At Two Rivers Development Complex

    Centum To Set Up 270 Residential Units At Two Rivers Development Complex

  • Tech
    Safaricom Partners with vivo Smartphone to List New 4G Enabled Devices in the Kenyan Market 

    Safaricom Partners with vivo Smartphone to List New 4G Enabled Devices in the Kenyan Market 

    EA Sports End 29 Years of Video Game Partnership With FIFA

    EA Sports End 29 Years of Video Game Partnership With FIFA

    Galaxy S23: Samsung Developing 200- Megapixel Phone Camera

    Galaxy S23: Samsung Developing 200- Megapixel Phone Camera

    Oppo Reno 7: A Camera Microlens That is Out Of This World

    Oppo Reno 7: A Camera Microlens That is Out Of This World

    These Whatsapp and SMSs on your phone to land you in Jail or face 1 million fine

    WhatsApp Groups to Accomodate 512 People in Latest Update

    Central African Republic Adopts Bitcoin as an Official Currency

    Central African Republic Adopts Bitcoin as an Official Currency

    LG Quarter One Sales Surge 18 Percent to Ksh2.03 Trillion  

    LG Quarter One Sales Surge 18 Percent to Ksh2.03 Trillion  

    Google Cloud taps Jack Ngare as new technical director

    Google Cloud taps Jack Ngare as new technical director

    The New Nokia C21 now available in Kenya

    The New Nokia C21 now available in Kenya

  • World Business
    Meet The Richest Man Who Can Fund Kenya’s Budget Alone for 10years

    Meet The Richest Man Who Can Fund Kenya’s Budget Alone for 10years

    EA Sports End 29 Years of Video Game Partnership With FIFA

    EA Sports End 29 Years of Video Game Partnership With FIFA

    Central African Republic Adopts Bitcoin as an Official Currency

    Central African Republic Adopts Bitcoin as an Official Currency

    Netflix Stock Collapses After Losing 200,000 Subscribers

    Netflix Stock Collapses After Losing 200,000 Subscribers

    Putin spokesman refuses to rule out use of nuclear weapons if Russia faced an ‘existential threat’

    Putin spokesman refuses to rule out use of nuclear weapons if Russia faced an ‘existential threat’

    How new regulations are shaking up the world’s fastest sport

    How new regulations are shaking up the world’s fastest sport

    President Uhuru Urges International Community to Lift Sanctions on Zimbabwe

    President Uhuru Urges International Community to Lift Sanctions on Zimbabwe

    Blow to US as Japan rejects nuclear weapons

    Copyright Bill: Why You May not Be Able to Watch EPL, UEFA in Kenya

    Copyright Bill: Why You May not Be Able to Watch EPL, UEFA in Kenya

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    Absa, KMA ink Deal to Advance Unsecured Loans to Businesses

    Absa, KMA ink Deal to Advance Unsecured Loans to Businesses

    Broke Kenya seeks to buy UAE oil on credit

    Despair as the price of petrol, kerosene increase

    Balala Ministry to build toilets at the peak of Mt. Kenya

    Balala Ministry to build toilets at the peak of Mt. Kenya

    Cabinet allows use of idle State land to boost food security

    Cabinet allows use of idle State land to boost food security

    LAW: Sacco members will soon use household goods as security for loans

    10 SACCOs in Kenya you should consider investing in for high returns

    Treasury: No more funding, staffing Kibaki office

    Treasury: No more funding, staffing Kibaki office

    Emirates launches new hospitality strategy 

    Emirates launches new hospitality strategy 

    Government’s Energy Efficiency Plan Validated

    Government’s Energy Efficiency Plan Validated

    Housing Finance Swings Back to Profitability

    Housing Finance Swings Back to Profitability

    • Agribusiness
    • Banking
      LAW: Sacco members will soon use household goods as security for loans

      10 SACCOs in Kenya you should consider investing in for high returns

      Housing Finance Swings Back to Profitability

      Housing Finance Swings Back to Profitability

      KCB Unveils New Rwandan Subsidiary

      KCB Unveils New Rwandan Subsidiary

      Falling share prices raise banks dividend returns

      Falling share prices raise banks dividend returns

      Family Bank Okays Ksh1.1 Billion Dividend Payout

      Family Bank Okays Ksh1.1 Billion Dividend Payout

      Cybercrime Hampering Banks from Embracing New Products

      Cybercrime Hampering Banks from Embracing New Products

      Centum: How East Africa’s Leading Investment Company Provides Channel For Investors

      Centum raises its stake in Sidian Bank

      Absa Life Assurance Kenya net profit grows 84 Pc to Ksh 245 million

      Absa Life Assurance Kenya net profit grows 84 Pc to Ksh 245 million

      Mushe (XMU) crypto currency to be Available to the public in Early July

      Mushe (XMU) crypto currency to be Available to the public in Early July

    • Insurance
      How Rot in The Insurance Sector is Exposing Kenyans to Lose Funds

      How Rot in The Insurance Sector is Exposing Kenyans to Lose Funds

      APA Life Assurance Partners With Craydel To Financially Empower Students

      APA Life Assurance Partners With Craydel To Financially Empower Students

      Kenya Orient Life Assurance Bags ‘Pension Marketing Campaign of The Year’ Award

      Kenya Orient Life Assurance Bags ‘Pension Marketing Campaign of The Year’ Award

      Jubilee Acquires Additional Stake in SEACOM

      Jubilee Acquires Additional Stake in SEACOM

      Over 1000 Women Benefit From Absa, KNCCI Financial Training

      Over 1000 Women Benefit From Absa, KNCCI Financial Training

      Family Bank is The Best in Customer Satisfaction-Survey

      Family Bank is The Best in Customer Satisfaction-Survey

      New Platform to Help Kenyans Save From as Little as Ksh5 bob

      New Platform to Help Kenyans Save From as Little as Ksh5 bob

      Stanbic Bank Ink Deal To Champion Women Empowerment Iniatives

      Stanbic Bank Ink Deal To Champion Women Empowerment Iniatives

      UAP Old Mutual Partners with Gertrude’s Children’s Hospital to vaccinate against HPV

      UAP Old Mutual Partners with Gertrude’s Children’s Hospital to vaccinate against HPV

    • Manufacturing
    • Opinion
      Opinion: Deploying contemporary Information Technology solutions for Academic Delivery

      Opinion: Deploying contemporary Information Technology solutions for Academic Delivery

      How COVID-19 Impacted the Adoption of Digital Health Technology

      How COVID-19 Impacted the Adoption of Digital Health Technology

      Why Kenyan economy is headed Pakistan direction

      Why Kenyan Economy is headed Pakistan direction

      Opinion: Create favorable conditions for increased value add in manufacturing

      Opinion: Recovery, growth key to creation of jobs in industries

      Lifestyle innovation is making home-life healthier for families

      Lifestyle innovation is making home-life healthier for families

      Car Loans Offering Convenient Mobility To Middle And Low-Income Families

      Car Loans Offering Convenient Mobility To Middle And Low-Income Families

      OPINION: Africa’s War to Secure the Internet  

      OPINION: Africa’s War to Secure the Internet  

      Prioritize long-term energy cost reduction for sustained industry growth

      Prioritize long-term energy cost reduction for sustained industry growth

      Opinion: Setting a New Standard for Smartphones in Our Changing World

      Opinion: Setting a New Standard for Smartphones in Our Changing World

Kenyan Business Feed
  • Home
  • News
    UAE President Sheikh Khalifa Bin Zayed Dies at 73

    UAE President Sheikh Khalifa Bin Zayed Dies at 73

    11,OOO Vehicles Already Registered to Use Express Way

    11,OOO Vehicles Already Registered to Use Express Way

    New business model program to firm up corporate-startup ties launched

    New business model program to firm up corporate-startup ties launched

    Crypto firms approach KenGen seeking mining access

    Crypto firms approach KenGen seeking mining access

    Children Without IDs to Be Registered for M-Pesa

    Children Without IDs to Be Registered for M-Pesa

    Elon Musk sued by Twitter shareholder

    US Govt opens investigations into Elon Musk’s business dealings

    Former Cabinet Minister’s widow fights her kids over control of Sh250 million estate

    Court stops IEBC from implementing two-thirds gender rule

    Kenya – United Arab Emirates strengthen ties

    Emirates launches new hospitality strategy 

    Emirates launches new hospitality strategy 

  • Markets
    Twiga Invests Ksh 1 billion To Scale Access To Affordable, High Quality Produce In Kenya

    Twiga Invests Ksh 1 billion To Scale Access To Affordable, High Quality Produce In Kenya

    CMA Issues Licenses Three Fund Managers

    CMA Issues Licenses Three Fund Managers

    CCI Global to occupy largest contact centre in Kenya at Tatu City

    CCI Global to occupy largest contact centre in Kenya at Tatu City

    CMA licenses two Online Forex Trading Intermediaries

    CMA licenses two Online Forex Trading Intermediaries

    CMA licenses Embu Coffee Farmers Marketing Agency

    CMA licenses Embu Coffee Farmers Marketing Agency

    BluePeak announces Ksh1.5 B Investment in Africure

    BluePeak announces Ksh1.5 B Investment in Africure

    Falling share prices raise banks dividend returns

    Falling share prices raise banks dividend returns

    Family Bank Okays Ksh1.1 Billion Dividend Payout

    Family Bank Okays Ksh1.1 Billion Dividend Payout

    African Venture Capital Sector Touted to Shape Global Trends

    African Venture Capital Sector Touted to Shape Global Trends

  • Real Estate
    Five Reasons Why Real Estate Increases in Value

    Five Reasons Why Real Estate Increases in Value

    Optiven Foundation Launches TVET Sponsorship Program

    Optiven Foundation Launches TVET Sponsorship Program

    How Optiven is making it Easy for Kenyans to Own Transformed Land for their Dream Homes

    How Optiven is making it Easy for Kenyans to Own Transformed Land for their Dream Homes

    International Firm to help Kenyans Buy Property in The UK

    International Firm to help Kenyans Buy Property in The UK

    Centum’s Tribus To Invest Sh137 Million On 10 Youth Employment Centres

    We’re sorry: Weekly Citizen humbles before Centum CEO

    How to Build a 3 Bedroom House With Less Than Ksh1 Million

    How to Build a 3 Bedroom House With Less Than Ksh1 Million

    UK Property firm targets Kenyans wanting to invest in the UK

    UK Property firm targets Kenyans wanting to invest in the UK

    Property Firm Eyeing Increased Sales With Easter Holiday Offer

    Property Firm Eyeing Increased Sales With Easter Holiday Offer

    Centum To Set Up 270 Residential Units At Two Rivers Development Complex

    Centum To Set Up 270 Residential Units At Two Rivers Development Complex

  • Tech
    Safaricom Partners with vivo Smartphone to List New 4G Enabled Devices in the Kenyan Market 

    Safaricom Partners with vivo Smartphone to List New 4G Enabled Devices in the Kenyan Market 

    EA Sports End 29 Years of Video Game Partnership With FIFA

    EA Sports End 29 Years of Video Game Partnership With FIFA

    Galaxy S23: Samsung Developing 200- Megapixel Phone Camera

    Galaxy S23: Samsung Developing 200- Megapixel Phone Camera

    Oppo Reno 7: A Camera Microlens That is Out Of This World

    Oppo Reno 7: A Camera Microlens That is Out Of This World

    These Whatsapp and SMSs on your phone to land you in Jail or face 1 million fine

    WhatsApp Groups to Accomodate 512 People in Latest Update

    Central African Republic Adopts Bitcoin as an Official Currency

    Central African Republic Adopts Bitcoin as an Official Currency

    LG Quarter One Sales Surge 18 Percent to Ksh2.03 Trillion  

    LG Quarter One Sales Surge 18 Percent to Ksh2.03 Trillion  

    Google Cloud taps Jack Ngare as new technical director

    Google Cloud taps Jack Ngare as new technical director

    The New Nokia C21 now available in Kenya

    The New Nokia C21 now available in Kenya

  • World Business
    Meet The Richest Man Who Can Fund Kenya’s Budget Alone for 10years

    Meet The Richest Man Who Can Fund Kenya’s Budget Alone for 10years

    EA Sports End 29 Years of Video Game Partnership With FIFA

    EA Sports End 29 Years of Video Game Partnership With FIFA

    Central African Republic Adopts Bitcoin as an Official Currency

    Central African Republic Adopts Bitcoin as an Official Currency

    Netflix Stock Collapses After Losing 200,000 Subscribers

    Netflix Stock Collapses After Losing 200,000 Subscribers

    Putin spokesman refuses to rule out use of nuclear weapons if Russia faced an ‘existential threat’

    Putin spokesman refuses to rule out use of nuclear weapons if Russia faced an ‘existential threat’

    How new regulations are shaking up the world’s fastest sport

    How new regulations are shaking up the world’s fastest sport

    President Uhuru Urges International Community to Lift Sanctions on Zimbabwe

    President Uhuru Urges International Community to Lift Sanctions on Zimbabwe

    Blow to US as Japan rejects nuclear weapons

    Copyright Bill: Why You May not Be Able to Watch EPL, UEFA in Kenya

    Copyright Bill: Why You May not Be Able to Watch EPL, UEFA in Kenya

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    Absa, KMA ink Deal to Advance Unsecured Loans to Businesses

    Absa, KMA ink Deal to Advance Unsecured Loans to Businesses

    Broke Kenya seeks to buy UAE oil on credit

    Despair as the price of petrol, kerosene increase

    Balala Ministry to build toilets at the peak of Mt. Kenya

    Balala Ministry to build toilets at the peak of Mt. Kenya

    Cabinet allows use of idle State land to boost food security

    Cabinet allows use of idle State land to boost food security

    LAW: Sacco members will soon use household goods as security for loans

    10 SACCOs in Kenya you should consider investing in for high returns

    Treasury: No more funding, staffing Kibaki office

    Treasury: No more funding, staffing Kibaki office

    Emirates launches new hospitality strategy 

    Emirates launches new hospitality strategy 

    Government’s Energy Efficiency Plan Validated

    Government’s Energy Efficiency Plan Validated

    Housing Finance Swings Back to Profitability

    Housing Finance Swings Back to Profitability

    • Agribusiness
    • Banking
      LAW: Sacco members will soon use household goods as security for loans

      10 SACCOs in Kenya you should consider investing in for high returns

      Housing Finance Swings Back to Profitability

      Housing Finance Swings Back to Profitability

      KCB Unveils New Rwandan Subsidiary

      KCB Unveils New Rwandan Subsidiary

      Falling share prices raise banks dividend returns

      Falling share prices raise banks dividend returns

      Family Bank Okays Ksh1.1 Billion Dividend Payout

      Family Bank Okays Ksh1.1 Billion Dividend Payout

      Cybercrime Hampering Banks from Embracing New Products

      Cybercrime Hampering Banks from Embracing New Products

      Centum: How East Africa’s Leading Investment Company Provides Channel For Investors

      Centum raises its stake in Sidian Bank

      Absa Life Assurance Kenya net profit grows 84 Pc to Ksh 245 million

      Absa Life Assurance Kenya net profit grows 84 Pc to Ksh 245 million

      Mushe (XMU) crypto currency to be Available to the public in Early July

      Mushe (XMU) crypto currency to be Available to the public in Early July

    • Insurance
      How Rot in The Insurance Sector is Exposing Kenyans to Lose Funds

      How Rot in The Insurance Sector is Exposing Kenyans to Lose Funds

      APA Life Assurance Partners With Craydel To Financially Empower Students

      APA Life Assurance Partners With Craydel To Financially Empower Students

      Kenya Orient Life Assurance Bags ‘Pension Marketing Campaign of The Year’ Award

      Kenya Orient Life Assurance Bags ‘Pension Marketing Campaign of The Year’ Award

      Jubilee Acquires Additional Stake in SEACOM

      Jubilee Acquires Additional Stake in SEACOM

      Over 1000 Women Benefit From Absa, KNCCI Financial Training

      Over 1000 Women Benefit From Absa, KNCCI Financial Training

      Family Bank is The Best in Customer Satisfaction-Survey

      Family Bank is The Best in Customer Satisfaction-Survey

      New Platform to Help Kenyans Save From as Little as Ksh5 bob

      New Platform to Help Kenyans Save From as Little as Ksh5 bob

      Stanbic Bank Ink Deal To Champion Women Empowerment Iniatives

      Stanbic Bank Ink Deal To Champion Women Empowerment Iniatives

      UAP Old Mutual Partners with Gertrude’s Children’s Hospital to vaccinate against HPV

      UAP Old Mutual Partners with Gertrude’s Children’s Hospital to vaccinate against HPV

    • Manufacturing
    • Opinion
      Opinion: Deploying contemporary Information Technology solutions for Academic Delivery

      Opinion: Deploying contemporary Information Technology solutions for Academic Delivery

      How COVID-19 Impacted the Adoption of Digital Health Technology

      How COVID-19 Impacted the Adoption of Digital Health Technology

      Why Kenyan economy is headed Pakistan direction

      Why Kenyan Economy is headed Pakistan direction

      Opinion: Create favorable conditions for increased value add in manufacturing

      Opinion: Recovery, growth key to creation of jobs in industries

      Lifestyle innovation is making home-life healthier for families

      Lifestyle innovation is making home-life healthier for families

      Car Loans Offering Convenient Mobility To Middle And Low-Income Families

      Car Loans Offering Convenient Mobility To Middle And Low-Income Families

      OPINION: Africa’s War to Secure the Internet  

      OPINION: Africa’s War to Secure the Internet  

      Prioritize long-term energy cost reduction for sustained industry growth

      Prioritize long-term energy cost reduction for sustained industry growth

      Opinion: Setting a New Standard for Smartphones in Our Changing World

      Opinion: Setting a New Standard for Smartphones in Our Changing World

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Home Real Estate

7 Things to Look out for before considering off-plan houses

by Montui
May 22, 2020
in Real Estate
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Reuben Kimani, CEO, Username Investment Limited

By Reuben Kimani

Home ownership is the dream of each and every individual, while some prefer purchasing an affordable land for sale within their incomes in satellite towns and building their dream homes gradually, some prefer purchasing an already built house while others consider acquiring an off plan house. Whichever route you choose to use towards your home ownership; ensure you get it right to avoid losing your hard-earned money

Below are 7 things to look out for before investing in off plan houses.

1. The company’s background check – take time and establish details about the company before signing any deal. There are several companies purporting to sell off plan houses and have not been delivering on their promises, the first thing you can do is check whether the company is legally registered, how long they have operated, the number of complete projects done and whether they have a pending court case regarding lack of delivery with their past customers. Also, you can go ahead and request to meet the project’s team. This information will help you identify a genuine real estate company in Kenya that you can invest with.

2. Conduct an independent research around the area you are interested in investing and compare the prices in the past few years and the projected value in the coming years. This will help you know if the development is overvalued and you can go ahead to look for a better investment opportunity for example purchasing an affordable land for sale in areas such as Ngong, Kangundo Road, Matuu, Konza, Nakuru, Naivasha, Athi River etc and build your house gradually.

3. Conduct a thorough due diligence on the specific project– this cuts across whether you are buying land for sale in Kenya or a house for sale in Kenya. As a potential buyer, don’t take chances for a long term investment, rather, take time and individually visit the site to ascertain that indeed it truly exists. Do not rush to invest your hard earned money before you visit and confirm the site’s existence. This is also an opportunity to visit previous projects done and review the quality of work done.

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4. Take time to confirm if the developer has genuine title deeds to the property. Either its purchasing a vacant land or an off plan house, confirm that indeed they have the genuine title deed of the property. You can go ahead and do a title deed search at the Lands Registry with the assistance of a Lawyer.

5. Request to have the approvals given to the developer regarding the specific project by government officials – building of houses requires different approvals from county governments and governments bodies, seek to know if the developer has received the necessary approvals and you can go ahead to ask copies of the document.

6. Get to know how often to expect project’s progress updates from the developer and the expected completion timelines – this will help you track the progress within the given timelines. Developers who are not willing to share with you updates of a project are assumed to be hiding crucial information from you as an investor.

7. Sign the legal documents with the assistance of a lawyer who will help you in reviewing the underlying terms and conditions and ensure that you are safeguarded from any loss as a result of the transaction you are about to make.

The author is the CEO, Username Investment Limited


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]

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