Homeownership for most people might seem like a far too big dream to achieve but with the right mindset and financial plan, that dream is achievable.
Most millennials definitely want to be homeowners, but feel it’s impossible for many reasons. One major reason why millennials feel that they just couldn’t afford a home is that they can’t afford to a downpayment.
Home prices in Kenya have been going up and up for the last decade so how can you start the journey towards homeownership when you don’t have the finances required at once?
Cytonn Real Estate says that with Cytonn Affordable Housing Investment Plan (CAHIP), you can build a deposit towards homeownership.
CAHIP aims to provide those saving towards homeownership an attractive investment proposition, compared to those currently available in the market.
CAHIP provides high levels of returns while protecting investor’s capital by partnering with the Cytonn Money Market Fund, which has tax advantages for those saving towards homeownership.
According to Cytonn Investments, to join CAHIP, you only need 1,000 shillings.
The first step towards homeownership with Cytonn Investments is filling a CAHIP form and pay the joining fee of only 1,000 shillings.
From there on, you can make monthly remittances of not less than 1,000 shillings and you can make these by Mpesa, cheque, Electronic Fund Transfer (EFT), Pesa Link or Real Time Gross Settlement (RTGS).
The remittances will be to Cytonn Money Market Fund (CMMF) where the client shall also open an account.
The key terms of CAHIP for homeownership include;
Potential home buyers will benefit from CAHIP in the following ways;