Bluman Properties Blog

Having a home in the village was such a strong statement in the 1990s. The people who worked in the major town looked forward to that moment when they would build a home next to their parents. Real estate experts now say that there is a big shift connecting this old-age tradition especially Millennial Kenya (people aged 18 to 33). Although their parents find it very fashionable, in this digital era, the millennial are no longer interested in building homes for the holiday in the village. If this observation is true, you might wonder where they are taking their money or what brought about this paradigm shift.  Investing Differently The young people claim that it does not make sense economically to construct a house they will be using once a year or never at all just to satisfy villagers expectations. They would rather build a home for their parent with extra rooms for themselves to use for the few days they will be visiting home. Those that come from Nairobi nearby counties such ...

Real estate is one of the most profitable and popular investments with a lot of potentials to grow. It is a steady route to financial freedom. Owning properties may not always be that glamorous, but it's definitely one of the best ways to create wealth especially to the entrepreneurial-minded people. You can Generate Passive Income One advantage of having rental income is that you can acquire passive income which you will enjoy in your lifetime. Even when sleeping, your rental properties will still be working for you. The cash flow you will receive after paying all the other required bills will help you build the business, reinvent in more properties and give you the freedom to do what you want. Mostly, if you are investing in towns and urban cities with learning institutions such as colleges and universities tend to bring more incomes since the demand in such areas is always high. With good planning, you will earn enough income to cover even you in your retirement years. To re...

Bluman Properties 2019 I n Kenya, the value of properties has remained to be a popular subject of discussion. As time passes, buyers have been forced to deal with the ever-increasing prices of properties which have led to a popular question; what or who decided the price of the property? One thing that is evident is that determining the value of the property isn't a one-time thing.It involves several considerations and factors before setting up a price tag on a home or a piece of land. To come up with property prices, there are flexible and inflexible factors to consider. Flexible Factors are those manipulated factors put in place by the investors to fit in a certain standard. Inflexible factors are those factors investor have no power over. Location and Neighborhood of the Property This is the most dominant factor both buyers and investors put into consideration first. The neighborhood and location are the main factors that influence the sale price. Location comes with c...

To almost everyone, owning a home brings a sense of freedom and pride and it can never be matched with renting. Buying a home is one of the best decisions you can ever make in your lifetime. When you have your own home you are no longer bound by a landlord rules. Therefore, it is not a decision you can make lightly. In this article, you will learn nine things you need to consider before buying a house. Don’t Buy For The Life You are Living Today Chances are purchasing your own home is one of the biggest financial commitments you will have to make in your lifetime, thus before you purchase that house you think it might be your dream house, consider your long-term plans. Do you plan to stay on your current job? Having kids? Or Getting married? If you aren't sure that the house you wish to have come across will be the best for you in a couple of years to come, keep looking. Get A Savvy Agent It’s always a good idea to be guided by someone who knows the neighborhood better t...

1. Begin with people you already know 2. Strive to meet new people 3. Follow up with clients 4. Post on social media often 5. Build a Website and include strong web content 6. Make use of IDX feed on your Website 7. Add Live Chat to your Website 8. Use high-quality photos 9. Use signs ("Coming Soon" & Sold) 10. Research 11. Say "Thank You" Real estate is a competitive business, and for the past decade, it has had interesting up and downs. But fortunately, there's enough business to go around. Many people are continually listing their homes for sale, searching for rental houses and looking for flats to buy. Nevertheless, if you are a real estate agent and you don't advertise yourself, you rob yourself and miss out of action for an opportunity to build a lucrative career. In 2019, you need to think of ways to improve your business and get great strategies on how to do it right. Lucky for you, we have great ideas to strength your real estate bus...

Regardless of the situation, you are in; it's always important to know your rights as a tenant to avoid getting Do you know your rights??? taken advantage of or used by the house owner. You can easily achieve this by having the right information as you will feel confident tackling issues and be in the right position to advocate for your interest. Once you know your fundamental rights, it will be easier for you to get out of a controversial situation that may arise along the way. The topic of tenants' rights is as important as the one for landlords. If at all the tenant is not happy because there is something wrong with the property, the landlord needs to rectify the problems as soon as possible. It's your right as the tenant. Tenants' rights begin right from the time they start looking for a house to the moment they move out of the house and safely secure their deposit. If you want to lead a happy life as a tenant, here are some of the basic rights you need t...

Just as the tenants have their right, landlords have them too. The rights and responsibilities vary from one place to another; that is why it's important for the tenants to read and understand the lease before they sign. Landlord Rights Rights To Choose a Tenant As the landlord, you have the right to select a tenant using rental history, credits references, credit checks,             income information, and guarantees. However, you cannot refuse a tenant based on disability, family status, marital status, sexual orientation, age, ethnic origin, religion, race or birthplace. Rights Once the Tenant Moves In These are the most crucial landlord rights once the tenant moves in; Rent Deposit collection Once the tenant sign tenancy or lease agreement, you can correct the rent deposit. The amount can be one to three months deposit same as the rental charges. Rent Collection On the day the rent is due, you are entitled to collect rent. Rent ...

Ongata Rongai is one of the fastest growing towns in Kenya with a population of approximately 150,042 peoples. The town is situated in the southern part of Nairobi at around 17 km away from the capital city. Although a significant number of Rongai residents earn their living in Nairobi County, majority lives and earn their living within Nairobi County. Since many people leave their homes early and arrive late from work late at night, there is high demand of safe and secure places where anyone can leave their home early and arrive safely without fear of meeting with the burgles.  Here are some of the safest places you can buy a house or build land to build a residential home and live safely. Houses For Sale In Rongai Three bedroom master en suite Rimpa Area Fully equipped garden Children play area Large open kitchen This is one house you don't want to miss. Located in a tranquil place, Five hundred meters from the tarmac road Price is 6.5 Million. Four bedroom Matasia ...

Back in the days, buying a house without a deposit was just impossible. You had to save up 20% the initial house price, for you to be financed by mortgage institution. To make the matter worse, other development institutions were also requesting for a 20% down payment or even more and they were very few. In some cases, you had to save for the whole amount for you to own that dream house. But from 2015, things got a different turn. Since then, you can buy your dream home with no deposit at all. Mortgage institutions have now introduced a 100% mortgage, and even some are offering up to 105%. Meaning, they are now offering a 100% financing when buying a property or to construct a house while the extra 5% is the closing costs which includes legal fees, stamp duty and valuation. Nice deal, right? Besides, you can acquire furniture financing if at all you do not have furniture for your new home. Even though this is a great deal that is helping many individuals to own their dream ho...

Around the globe, land is a precious commodity and highly valued due to its appreciation rate that rises at a very high rate. Kenya being a no exception, everyone is striving to acquire a piece of land for themselves. Thus, it's essential for everyone to be familiar with the process of transferring their piece of land legally to avoid legal battles concerning the ownership and to detect land scams from far. Many people in Kenya detest the process of land registration as they count it tedious. Nevertheless, if you know the documents required and the process involved, you will be able to transfer or register your piece of land within a very short time. The whole process can take an average of 90 days. Here are the steps you need to follow; Identify the Land Search for the land that meets your requirements such as price, soil type size and location Apply For a Search on the Title This is a very important stage that clarifies if the land has been registered before or there is so...

Even with countless viewing of available houses for sale, you still can't get closer to finding your dream house than the moment you began. Perhaps opting to construct your own home the way you want is the way to go. Definitely, through building your own home all your needs will completely be fulfilled, but remember the process of building your prospect house has its fair share of challenges; thus it is important that you way both the merits and demerits of building a house versus buying before you take the plunge. In your lifetime, this may be the biggest purchase you will ever make. Therefore, you need to way your options well. Before you get started, as you check out and evaluate the potential real estate agents , you will also need to vet the builders and architects. Before you sign with anyone, it's important to talk with previous clients who bought a house. Also, check references from those who choose to build their houses. As you get started, have a look at these a...

Land is usually subdivided into pieces to make it easier for selling and or developing. Besides, if you want to get higher returns, it's better to subdivide your land into smaller portions instead of selling it as a block. Here are some reasons for subdividing land; To ensure every subplot have adequate space for infrastructure and access roads. To ensure there is a coordinated and planned development to avoid scatters and uncontrolled developments. To ensure the recommended populations density can be served by the available facilities. To ensure the respective county government and national government share the enriched value that comes from the subdivision of land Steps of Subdividing the Land The first step you need to take is to conduct a title deed search at the local land registry. This process requires a copy of the title deed number, tax pin card, and your identity card. The search is vital as it will ascertain the land ownership. The process takes less than three ...

For a very long time, the Kenyan government has been getting 5% as the capital gain every time a property owner sells a piece of land. However, in the new budget statement (2019/2020 budget) presented Henry Rotich who is now the Treasury Cabinet Secretary proposes that the capital gain has doubled up to 12.5% and it will be implemented next month. What does this mean to the people selling ta land? There will be a reduced income to those selling the land, intangible, and securities assets. Mr. Rotich added that to harmonize the rate with other jurisdictions, ensure there is fairness and to enhance equity, the government will need to review the Capital Gains Tax (CGT) legislation after four years of implementation. He added that in the East Africa Community, the CGT ranges from 20% to 30%, which means that the steep rise is still below the regional average. Nevertheless, he offered official pardon to companies moving from one location to restructure their businesses. He exempted s...

According to modern research, when our eyes connect with a specific color, our brains release a particular chemical that impacts us on our emotional and physical level. For example, our heart rates increase when in a red room stimulating a chemical associated with high energy and aggression while else yellow color stimulates serotonin in our brain (a feel-good chemical). For many years, traditional healing professionals have been using color as therapy, but in the recent past, business personnel’s and marketers have started using colors to boost human mood. It’s not a coincidence that almost all Volkswagen uses yellow and fast food restaurants are using red profusely. Kitchen Paint Colors Coming up with the right kitchen colors and unique style can be a challenge.  Color consultants  suggest that if you hold fond memories of spending time in the kitchen when young, you can consider recreating the same color memory scheme in your grow-up kitchen. Bluman Properti...