18 C
Kenya
Saturday, September 21, 2019
  • REAL ESTATE

Building a house in Kenya: Costs and Requirements (Updated 2019)

Must Read

BRT buses’ lane on Thika Superhighway to cost Sh. 5.8 billion

BRT Buses Kenya: BY BUSINESS DAILY: Taxpayers will spend Sh. 5.8 billion to construct a lane for high-capacity buses...

Why your car is consuming more fuel than normal

Fuel Consumption of Toyota Fielder, Fuel consumption of Toyota Premio or fuel consumption of any vehicle: why is it...

Mercedes Benz club ladies to hold safety drive in Nairobi

She's Mercedes: The She's Mercedes ladies will this Saturday hold a safety drive within Nairobi and its environs. The...

Building a house in Kenya: Like many Kenyans, Ms. Caroline Waithera’s ultimate dream was owning a home. After buying a piece of land in Ruai, Nairobi County, last year, she discovered that the Sh. 3 million she had saved to build her dream home was insufficient.

“I wanted a three-bedroom master en-suite house,” she says. “I had put aside Sh3 million to cater for the entire process. However, all the contractors I approached gave me quotations that were way above the amount I had estimated.”

Discouraged, she thought of building without the help of a contractor but the budget still shot past her Sh3 million life savings.

It was just as she was on the verge of despair that Ms. Waithera was introduced to Mr. Farrowson Murithi, a real estate player who came to her rescue at the last minute. Mr. Murithi is the managing director of Pacific Reality, a construction and project management firm based in Ruai in Kasarani.

“He told me that I could get my three-bedroom master en-suite house with a dining room and separate laundry room for Sh1.6 million. At first, I did not believe it was possible to build your house cheaply, especially given the classy finishes I wanted. I was tempted to dismiss the firm as a sham and only committed myself after seeing several other projects it had carried out on a similar budget,” Ms. Waithera narrates.

Speaking at her new home, Ms. Waithera says she moved in 12 weeks after the construction began.

Ms. Waithera’s story is similar to that of Mr. Antony Githinji, a Kasarani-based businessman, and farmer who also sought help from the company. “I was mulling over purchasing a house in the area for Sh3.5 million but Pacific Reality managed to build it for me for Sh1.9 million instead. They also took care of the perimeter wall and utilities like electricity, water, and a septic system. Overall, I found the entire process extremely efficient,” he says.

Speaking at the company’s office in Ruai Town, Mr Murithi insists that building a house need not cost an arm and a leg. “Most project costs quickly balloon out of control due to poor planning and builders not being informed about the current trends in the construction industry. However, with proper organisation, consultation with experts and close supervision, clients can avoid burning their fingers,” the CEO says.

And going by market trends, the firm seems to keep building costs relatively lower. For instance, it has built three-bedroom bungalows and storied maisonettes for Sh1.6 million and Sh2.6 million respectively. A spot-check by DN2 revealed that similar houses for sale in the same area go for a minimum of Sh4.5 million and Sh5.7 million respectively. The firm can also build smaller houses for as little as Sh900,000.

Continue reading on Page 2 …

- Advertisement -

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

BRT buses’ lane on Thika Superhighway to cost Sh. 5.8 billion

BRT Buses Kenya: BY BUSINESS DAILY: Taxpayers will spend Sh. 5.8 billion to construct a lane for high-capacity buses...

Why your car is consuming more fuel than normal

Fuel Consumption of Toyota Fielder, Fuel consumption of Toyota Premio or fuel consumption of any vehicle: why is it too high? Why is it...

Mercedes Benz club ladies to hold safety drive in Nairobi

She's Mercedes: The She's Mercedes ladies will this Saturday hold a safety drive within Nairobi and its environs. The drive is scheduled to start...

Top 5 cheapest yet interesting rental cars in Los Angeles

Los Angeles is one of the most attractive destinations for individuals looking to go on a holiday or weekend getaway with friends or families....

Jambojet Receives Rights To Fly To Kigali, Rwanda

The approval means that the airline can begin operations to the destination as part of its regional expansion strategy. “We are pleased to have received...

More Articles Like This

- Advertisement -
%d bloggers like this: