How to get a good deal when buying a house in Kenya.
Buying a house is a significant investment. So, researching before making commitments pays off to avoid getting caught out with unexpected fees or over-budgeting your initial purchase price. Here are some tips that will help you get the best deal possible when buying real estate in Kenya:
1. Figure out precisely what you want in a house.
First, ask yourself why you are moving out of your current house and looking for a new home. What is lacking in your current house that you are looking for in your new/next place? It may have certain features such as spacious rooms, packing space, security, running water, and proximity to the main road or town/centre. Before looking for a house, get your objectives straight first. This will help you identify the reason for buying a house. Is it for rent or an investment?
2. Establish your budget.
The next thing to do is decide on a budget, which means knowing what you can afford and what you can’t afford. The Kenyan Real Estate market will always have something to offer within your budget. Unfortunately, one can fall into the trap of overpriced houses.
3. Due Diligence
Do your homework on the market and the specific property or area you’re interested in. After determining the type of property or area you want to buy in, you must do your homework on both. You should research the market in general and each specific property or neighbourhood. This will play a major role in making an informed decision before you buy a house in Kenya
4. Negotiate accordingly, walk away if necessary
Negotiating the price of a property is essential. However, getting a house at the lowest price is not always possible. If you feel like something isn’t quite right with the property and you aren’t sure if it’s worth the asking price, don’t hesitate to walk away!
5. Get a building inspector
Inspections are important. Inspection will ensure that the house is structurally sound and safe for occupation and provide an opportunity for minor repairs or improvements if necessary. Before committing to buying a house make sure you go over these points to make sure you are getting the best possible deal in the market.
Article By;- Clinton T.
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