5 Things To Consider When Buying A New Home In Kenya

By Soko Directory Team / Published October 28, 2021 | 2:38 pm




KEY POINTS

Ensure that you know about the crime ratio of the locality where you’re willing to purchase a new home. Although Keya stands at less than 4%, still you must check with a local real estate agent to inspect a certain locality.


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There’s no running away from the fact that buying a new home is one of the biggest financial decisions made by somebody.

After all, it is organic for anyone to get caught up with the aesthetic appeal of the property and ignore the other important factors. So whether you are looking for a rental apartment or have cemented the decision to purchase a new home, you’ve come to the right spot.

Here, we have compiled a list of everything that you must acknowledge when buying a new home in Kenya:

✔Set a Budget List and Check Your Affordability

In simplest terms, how much are you willing to spend on your new home? We recommend you start from scratch and move swiftly towards the next step. Despise looking at properties that are out of your reach and won’t fit in your budget.

After all, if you seek a loan for a new home, you might end up burdening yourself financially for a long time. As a rule of thumb, it is best to start from homes that are being sold at the lowest prices.

✔Security

Ensure that you know about the crime ratio of the locality where you’re willing to purchase a new home. Although Keya stands at less than 4%, still you must check with a local real estate agent to inspect a certain locality.

The security of the house should be paramount since you would want your family to stay safe while you’re not around. Inspect the property that you want to purchase and check the walls for having strong fences around.

✔Interior/Exterior Design

Gone are the days when homeowners would overlook the design of the house. Because we’re living in the age of social media, aesthetic appeal is crucial for every modern homeowner. Check if the interior is in coherence with your personal requirements.

For example, if you’re obsessed with having a stellar laundry section, get a few laundry renovation ideas from Kaboodle to compare them with the current state of this portion in the house that you’re visiting.

✔Location

The location of the house will have a profound impact on your final decision. After all, every person looks for a home that is close to the basic amenities such as schools, colleges, grocery stores, shopping malls, and recreational facilities.

On the contrary, choosing a location that is off guard or in the countryside will be a big problem for everyone in the family. Furthermore, add the travel and commute factors, both of which are prevalent in our lives.

✔Property Inspection

It might cost a little more than your expectations but will cut down many faults. Especially if you intend to stay in the house for a long time, getting the minor fixtures done after buying them will be worth the effort.

Not to forget, making minor fixtures such as structural faults, changing the kitchen doorknobs, and refurbishing the doors can be a big help.




About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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