THE CHEAPEST LAND AROUND NAIROBI: NGONG& KANGUNDO ROAD
The cheapest lands around Nairobi are to be found in areas where there are proposals to build new roads by the Government.
GREATER EASTERN BYPASS
Areas where the Greater Eastern Bypass runs through such as 10 to 20 km off Kangundo road in the Joska area, an acre of land goes for around KES 600,000.
NGONG-KIBIKU
The distance from Nairobi to Kibiku area of Ngong is approximately 40 km.
There are proposals to consult a highway in this area which are at feasibility stage.
Land here is in the tune of between 300,000 to 900,000 per acre depending on the proximity to Ngong town.
Once the highway is in place, the price of land will increase exponentially.
COST OF TARMAC ROAD
A kilometer of tarmac road in Kenya costs an average of KES 50,000,000. Therefore, it’s only the Government that can lay such an expensive infrastructure.
Land appreciates in value along the tarmac road hence once these areas are tarmacd, the value will increase along the roads as opposed to off the roads towards the hinterland.
VALUE INCREASE
Land around Nairobi on average doubles in value yearly. These pieces of land for KES 600,000 per acre will be going for a minimum of KES 1.2 m per acre the same time next year.
Before the Eastern Bypass was constructed, land was selling at KES 200,000 per acre[2009]. After the completion of the bypass, the current price per acre is in the range of KES 3,000,000 and it increases monthly. This is more than 1000% increase per year. The reason for such a great increase in value is due to the added infrastructure in terms of tarmac.
If for any reason, the Eastern Bypass was not constructed, the increase could have been the normal 100% yearly increase.
Visit http://www.a4architect.com/land4sale/ to view various lands on sale around Nairobi.
Francis Gichuhi Kamau
One of the more unusual but sometimes profitable real estate investments is buying parking spaces. In every large city, including Chicago, there is always a need for parking and demand outpaces supply. Even with public transportation readily available in large cities, the high gas prices and the growing trend of green living and conservation, Americans still love their automobiles. Parking spaces are always going to be needed, and there are investors who are banking on it.
In Chicago, Mayor Daley is proposing lowering the number of unpaid parking tickets from three to two before you get booted. Right now it costs $60 to get a booted car back, along with paying all tickets owed. A booted car will be towed after 24 hours, so you could have an additional towing fee of about $150 plus storage costs. It could add up to several hundred dollars in a few days. Records show that there were almost 59,000 autos booted in Chicago last year (2007), so there obviously is a need for parking that isn’t being met.
So how much does a deeded parking space cost? It depends on where you are located. In New York, it’s possible to pay more than $175,000 for a prime parking spot. In Chicago, deeded parking spaces run anywhere from $20,000 to $65,000 or more in some of the trendy new construction high-rises or downtown locations. High profile developments like the Chicago Spire listed here http://www.bestchicagocondos.com/pre-construction-condos/chicago-spire.html usually allow for parking for all of its future residents for a fee in addition to the condo price. Some buyers will opt for a second space if one is available and others may decide not to purchase one at all. In many smaller Chicago real estate developments, no parking is offered with the condos.
According to Parkingsearch, the value of parking spaces has increased by quite a bit over the past few years. Their research finds that in Chicago the average parking space sold for $28,000. By 2006 that increased to $30,000 and last year in 2007 it was about $33,000. With a fixed rate loan of 6 percent there is definitely a profit to be made. It may be a bit if a challenge to find a bank to loan you the money, but it is certainly doable. You monthly payment should be in the range of $200 and the going rate for renting a parking space in prime spots can be as much as $300 to $500.
You need to keep in mind that you’ll have a few fees associated with owning a parking space. It isn’t all profit. While you won’t have much upkeep on the spot, you will probably have to pay a maintenance fee to the building or condo association. A deed must be obtained, liability insurance is a good idea and yearly taxes must be paid.
When looking for a good parking space investment, factors such as the garage being heated, secure entrances and what level or floor the spot is located on if it is a multi-level garage all come into play. Also whether or not there is an elevator can increase the value. You should also do your research and see how well the units in the building have sold. Buying a parking space in a building that is only half sold or rented won’t be a good investment.
Some real estate agents may be able to help you find available parking spaces and many developers are turning to auction houses to liquidate condo inventory, including parking spaces at a deep discount. Around 27 spaces at Millennium Center were auctioned off this past spring, and 10 of those were sold absolute. The suggested opening bid for those spaces was $10,000 to $12,000 and they had been priced at $49,000 to $65,000 each.
Parking spaces as investments may have never occurred to you, but the next time you get a parking ticket or find your car booted, it may sound like a fantastic idea.
The most expensive land in Kenya for residential use is to be found in Nairobi in areas such as Runda, Ridgeways, Muthaiga and Karen. In these zones, features such as many trees, greenery and strict zoning controls for only 1 house per minimum ½ acre plot are common.
RESIDENTS ASSOCIATIONS
Another feature common with these areas is a very strong and active Residents Association .These strong residents associations makes sure that the zoning regulations are not broken and that resources for infrastructure and security are made available.
MUTHAIGA
Muthaiga is the most prime area for residential purposes. Here, the Nairobi City council has zoned the area for only 1 single family dwelling per half an acre. In other words, land subdivision is approved by the City council for a minimum area of half an acre.
Here, there is the prestigious Muthaiga Golf Club.
Muthaiga is home to several Embassies and Ambassadorial residences.
Land for purchase is very scarce here in the Old Muthaiga and when it’s available, prices are very high.
Land is available in the new Muthaiga known as Muthaiga North .
RIDGEWAYS
Land in Ridgeways is currently in the tune of KES 15 to 20 Million per acre, up from a low of KES 10 to 12 m per acre in the year 2009.
A few parcels are available for sale.
Kigwa estate in Ridgeways is a notable major land owner. Suraya Developers have recently worked on a residential project for sale within the expansive Kigwa estate.
Windsor Golf and Country club is also a major land owner in Ridgeways. And have recently come up with a housing estate for sale neighboring the Golf Club.
In this region, the housing estate developments are in smaller pieces of land than ½ acre minimum size. This could be due to the fact that the area is under Kiambu Council as opposed to Nairobi City council who are known to execute zoning regulations with zeal.
RUNDA
Land in Runda has continued to astronomically increase in value. In 2004, an acre of prime land in Runda was going for KES 3m. Currently, the same acre is going for between KES 20 to 25m.
Land along the main Ruaka Drive near the US Embassy and UN Headquarters has already hit the KES 30m mark per acre.
Land is still available for sale in Runda since it’s extending towards Kiambu and Ruaka towns.
The expansive Paradise Lost camping site located at the edge of Runda on the Kiambu side is up for sale hence forming an extension of Runda. See www.a4architect.com/landforsale for land prices in Runda.
KAREN
From the time when Karen Blixen landed in Kenya and settled in Karen, the area has continued to be a leading prime residential area in Nairobi.
The area is home to many people of British origin. The Catholic Church is also a very major land owner in Karen. Karen radiates from Karen Shopping centre and spreads along the Karinde road till near Dagoretti Slaughter house/Resurrection Garden, from Karen shopping centre to Lenana School along Ngong road, from Karen shopping centre to Kerarapon/Bulbul / Shade Hotel along Ngong road, from Karen shopping centre to Bomas of Kenya along Langata road.
The most prime part of Karen is the area near the Karen Golf club.
Notable large land owners are Catholic institutions such as Catholic University, Resurrection Garden and Marist centre.
In 2004, land price per acre opposite the Karen Golf club [The late Appolo Njonjo’s land] was going for KES 4m per acre.
The current price for an acre of prime land in Karen is KES 23m. Other areas such as Karen near Kuwinda [large slum in the heart of Karen], the price is KES 15m per acre. Newer extensions to Karen towards Shade Hotel Ngong [Kerarapon], land is slightly cheaper.
The most expensive land in Kenya is in two categories
1. Commercial
2. Residential
Commercial.
The most expensive available land in Kenya for commercial purposes is located in the CBD.
This is the land where the former Nakumatt Downtown branch that caught fire is.
The land is ¼ acres in size and the owners are asking for KES 300,000,000 for the ¼ acre plot. This is a whooping KES 1.2 Billion per acre.
The average price of an acre of land in CBD and Upper Hill stands at KES 200,000,000 per acre. Each individual land owner here has the liberty to fix the amount he/she feels is best.
COMMUNITY AREA
There is a 2 acre plot of land near the Israeli Embassy along 2nd Ngong Avenue at the point where the Israeli Embassy has put up a vehicle check point.
The asking price per acre is way above the KES 200,000,000 per acre rates.
DAR ES SALAAM
The current land price per acre in Dar es Salaam is in the range of KES 300,000,000. This means that the Kenyan land prices will continue to rise till this level.
CHINA
The current land price per acre in China CBD is in the range of KES 400,000,000 per acre.
This means that in several years as Kenya continues to industrialize, this will be the average land price per acre.
LAND ALONG THE EQUATOR
Since Nairobi is positioned at the equator, it enjoys the best weather worldwide compared to other regions found in the tropics.
This fact makes Nairobi land price appreciate since the main demand drivers are international clientele who want to set up office and residence in an area where there is 365 days of sun and favorable weather.
This is why Nairobi and Dar es Salaam have such high CBD land prices as compared to other industrialized African countries such as South Africa and Egypt even though they have inferior infrastructure.
CONCLUSION
Land is a scarce resource. Therefore, this resource should be utilized very keenly to enjoy maximum output.
In the year 2009, land price per acre in Upper Hill was KES 100,000,000. By Mid 2010, the price had shot up to KES 150,000,000. Currently [Feb 2011], the prices are in the range of KES 200,000,000. This upward trend will keep increasing till the price is in tandem with the Developed world CBD prices of KES 400,000,000 an acre. The time is now for developers to make the decision to invest in land here.
To see various land prices around Nairobi, visit www.a4architect.com/landforsale.
Office space around Nairobi CBD and its environs has become very scarce due to high demand.
Currently, Nairobi CBD is experiencing 99% occupancy rates.
CBD environs such as Westlands and Upper Hill are also experiencing the same 99% occupancy.
New buildings are coming up mainly in the Westlands region.
Along Woodvale grove in Westlands there are 5 new office buildings coming up.
Near State House, there is also a huge office building coming up.
Westlands is rapidly growing along the Waiyaki way.
Deloitte office block near Nairobi School is a good example of this. Safaricom offices pioneered in this move towards developing along Waiyaki way on the way to Kangemi.
Currently, we have several acres of land fronting Waiyaki way for sale suitable for office buildings.
Land in this area is slightly cheaper than land n Upper Hill. An acre in upper hill is going for KES 200,000,000 while an acre in Westlands is going for KES 150,000,000.
The rents are more or less the same for both areas at an average of KES 100 per square foot.
RETURN ON INVESTMENT
The current cost of construction for high-rise office buildings in Nairobi is KES 60,000 per square meter.
Assuming a land of 1 acre and 50% built up area, this totals to 20,000m2 floor area for 10 storeys.
The construction cost will therefore be KES 60,000 x 20,000m2 = 1.2 Billion.
Land cost will be KES 150,000,000[WESTLANDS] or KES 200,000,000[Upper Hill].
This totals to KES 1.35Billion for Westlands and KES 1.4 Billion for Upper Hill.
If the offices are for sale, the average price per square meter is KES 120,000. This totals to KES 120,000 x 20,000m2 =KES 2.4 Billion.
This is a 100% Return on Investment with profits in the tune of KES 1.2 Billion.
Since the overall cost is close to the same, most developers will therefore find Westlands a better deal since land is cheaper and more readily available than Upper Hill and the rental income is the same.
For the end-users, Upper Hill is a definite advantage due to its proximity to Nairobi CBD.
ARCHITECTURAL BUILDING DESIGN-THE MOST IMPORTANT FACTOR
The competitive edge in terms of gaining better occupancy rates and sales is design.
The design of such a building should be unique and should serve its occupants well in terms of space needs.
Buildings around Upper Hill and Westlands that enjoy high rates all have one thing in common-the architectural design is well-thought-out. This helps in making the building a status-symbol and at the same time the building becomes a land-mark that people can identify with.
Very few buildings in Westlands can fall in this category of unique. Such buildings are mainly found in Upper Hill such as Geminia Insurance building, Coca Cola Headquarters, Old Mutual and Oxford University press building.
These are buildings that leave a lasting impression in that they do not look like any other buildings anywhere else in the world.
WORLDWIDE TRENDS
In Countries such as South Africa and Australia where Architectural design is given the weight and importance it deserves, most high rise buildings are works of art to be admired.
In these countries, architectural designs are usually awarded through competition whereby all architects are invited to give in their design proposals then the best designs are awarded the full design works.
In Kenya, most of the private sector architectural design contracts are awarded through pre-qualification methods where the most important criteria is the previous works done/experience and other legal paper work such as bank statements.
CREATIVITY
Architectural creativity is not given the weight it deserves yet this is the single most important element in ensuring the project developers get the highest returns in terms of occupancy rates.
In other developed countries, such projects usually have 2 sets of architects:
1. Design architects
2. 2. Construction supervision architects.
This ensures that even if the winning design is from an architectural firm with less experience, the construction supervision architects will bring in their experience to ensure that the project is completed within the timelines.
This way, creativity is harnessed while at the same time, experience is also taken into consideration. Creativity is not something that can be easily improved like construction supervision experience. A fresh architectural graduate could come up with very creative designs which even an architect with over 50 years experience will not be able to come up with.
Conclusion.
To achieve design master pieces such as Kenyatta International Conference Centre, Kenyans should embrace creativity in terms of encouraging architectural design competitions. The Architectural Association of Kenya should also spearhead in this by popularizing architectural design competition frameworks in the hope that all developers from individual residential house developers to corporate and Government agencies will find it more profitable to use competition as the main method of hiring architects.
TYPES OF HOUSE STYLES DESIGNED BY WWW.A4ARCHITECT.COM
To ensure client’s tastes are fully met before the onset of construction, A4architect designs 3 different unit types to choose from. This will ensure that the project will fulfill a wide range of tastes.
Clients are allowed to customize their houses to suit their needs.
The overall design theme will comprise of use of natural finishes on all surfaces.
Wall finishes will include hand-dressed masonry comprising various textures such as zero-joint and bush-dressing.
Roofs will be characterized by use of natural clay tiles.
Floors will be finished with natural materials such as cut/polished mazeras stone, hard-wood parquet, marble and granite.
Windows and doors will include hard-wood framing. External doors will be hand-curved Lamu style doors.
The overall design theme will utilize modern materials such glass walling, decorated iron-mongery, and ‘deconstruction’. Deconstruction is a design style whereby planes such as walls, roofs, and ceilings are slightly tilted off the normal vertical and horizontal angle to create an interesting theme.
Roofs will be characterized by use of modern roofing materials such as Stone –coated steel roofing tiles.
Walls will be characterized by use of finishes such as ‘wall-master’, colored textured paint, glass facades and tiles.
Floors will be finished with modern materials such as wood laminate, concrete floor tiles, patterned ceramics and granite tiling.
This overall theme will incorporate Arabic design features such as flat roofs with pigeon holes along the parapet walls, arched windows and door openings, external rendered painted textured surfaces with embedded motifs.
Roofs will be flat concrete roofs with parapet walling,
Floors will be marble, granite, and ceramic tiling.
External walls will be finished with textured cement plaster.
In a gated community estate design, this variety of design will create a community of diverse designs hence an avoidance of monotony. Overall community theme will be enhanced by the fact that these house types will all have the same shape.
PRISM DESIGNS AFRICA http://www.a4architect.com
Phone: +254 721 410684
prismafrica@yahoo.com
info@a4architect.com
MEMORANDUM OF AGREEMENT
THIS AGREEMENT is made the ……. day of …………….. the year Two Thousand and Eleven between ………………………………………….. of P.O.BOX………………………………. (hereinafter called the CLIENT) on the one part and PRISM DESIGNS AFRICA of P O Box 224 – 00208 Ngong, Kenya (hereinafter called the CONSULTING ARCHITECT and PROJECT MANAGER of the other part).
WHEREAS
A.
B.
The Client intends to have the design, documentation and supervision of PROPOSED RESIDENTIAL UNITS,……….. (hereinafter called the PROJECT) by the consultant.
The Consulting Architect agrees to undertake the design, documentation and supervision of the proposed project at 6% of total contract sum. The Architect shall provide all Architectural drawings inclusive of detailed specifications. Estimated contract sum for purposes of fee calculations is Ksh …………….. per square meters x ………..square meters………………………….
NOW THESE PRESENTS WITNESS and it is hereby agreed and declared by and between the parties hereto as follows:
(i) The Client hereby appoints the Consultant as Consulting Architect and Project Manager in respect of the project and the consultant agrees to provide professional services subject to and in accordance with the terms and conditions of engagement as set out in Cap 525 of the Laws of Kenya and schedule A and B appended hereto.
(ii)
iii)
C)
D) That the Consulting Architect shall provide Architectural, drawings together with detailed specifications for the proposed development .
TERM – This Agreement is effective for 24 months (the “term”), beginning ……………………., 2011 and ending ……………….. , 20…, or the lapse of the defects liability period whichever is earlier.
ARCHITECT’S DUTY OF CARE
The Architect further agrees to;
a) Maintain the highest ethical standards in the performance of this agreement;
b) Perform the services and related services in compliance with all applicable laws and regulations;
c) Hold in strict confidence and to use only for purposes of this Agreement and not to print, publicize, or otherwise disclose to any third party, confidential information of the owner, including, but not limited to, information in tangible or intangible form relating to and /or including the services, the project, the owner or its officers, financial information, business, marketing or pricing policies or practices, whether deliberately or otherwise disclosed to the Architect; and
d) Practice due diligence so as to increase the value of the owner’s investment and to maximize the owner’s profits.
DISPUTES
All disputes shall be decided by arbitration with a panel composed of two arbitrators comprising Owner’s representative and Architect’s representative.
Signed by the Client (Representative)
Date
In the presence of
Name
Address
Signed by the Consulting Architect
Date
In the presence of:
Name
Address
SCHEDULE A
SERVICES TO BE PROVIDED BY THE CONSULTING ARCHITECT
1. Normal Services
The Consultant shall provide the following services:
a) Inception
Advising the Client upon the services of an Architect and the need for other consultants.
b) Outline Proposal
Developing the brief and preparing outline proposals incorporating a detailed presentation of the Clients requirements and an approximation of the costs.
c) Scheme Design
Preparing in collaboration with other consultants scheme designs consisting of small scale working drawings that shall indicate the spatial arrangement and appearance and submitting copies of the drawings to the local authority in future for town planning consent and approval under the Building By-laws.
d) Detailed Design and Production Drawings
For completing detailed design incorporating design work done by other consultants and preparing production drawings and information necessary for Bills and Quantities.
e) Tender Action to Completion
For obtaining and advising on tenders and for preparing and advising on the contract and the appointment of the contractor, supervision of works in progress, issuing of interim certificates, counter checking on contractor’s claims and preparing practical completion certificates and inspection of defects and final handover to client.
2. Additional Services
All other additional services not included in the normal services shall be charged on a time charge basis to be agreed upon by the Consulting Architect and the Client.
SCHEDULE B
PROFESSIONAL FEES
Fee shall be paid in installments at every stage of drawings and as work progresses on site. 50% of total fee shall be payable before commencement of works on site and 50% after site operations have started.
The normal service is divided into stages that mark the progress of the Architect’s work. On completion of each stage an installment of the fees payable will be as under:
A. Part 1 schedule of payments before site operations (50% of total fee)
ESTIMATED COST OF CONSTRUCTION = ………………………
Stage Percentage of Total Fee
1. Outline proposals 10%
2. Scheme design
• Presentation to Client 5%
• Presentation to Design Team 10%
3. Production drawings and specifications 25 %
Total 50%
B. Part II Schedule of Payments after site operations (50% of fee)
Stage Percentage of Total Fee
1. Excavations to ground slab 10%
2. Walling to ring beam 10%
3. Roofing 10%
4. Door frames, windows and plastering 5%
5. Completion of interior finishes 5%
6. Completion of external finishes 5%
7. Defects liability period 2.5%
8. Completion certificate and handover 2.5%
Total 50%
C. Disbursements
Out of pocket expenses for transport, ploting, printing, photocopying, laminating, payments to Local Authority etc shall all be reimbursed at cost plus 10% administrative costs.
D. Payment of Fees
All fee notes shall be payable to the Architect within 14 days of being raised.
COST OF ARCHITECTURAL DESIGN FEES EAST AFRICA-HOTEL PROJECT
Architectural design fees are regulated by CAP 525 of the Laws of Kenya.
The minimum amount of fees a Registered Architect should charge is 6 % of the total cost of the construction project.
The cost of the construction project is estimated by a Quantity Surveyor based on the average cost of construction per meter squared currently.
The actual cost of construction is the total tendered sum that a contractor has agreed as per contract to build the building.
FEES BREAKDOWN
1. Outline proposals 1% of total construction cost
2. Scheme design 1.5 % of total construction cost
3. Detailed design and Production drawings 2 % of total construction cost
4 From Tender Action to Completion [supervision] 1.5 % of construction cost
TOTAL-6% of construction cost
5 STAR HOTEL
Assuming a 5 star hotel project with
100 rooms-25m2 per room x 100=2500 m2,
2 restaurants-200m2 per restaurant x2=400m2,
dining area-200m2,
kitchen 300m2,
gym 500m2,
sauna 200m2,
spa-200m2,
2 swimming pools- 400m2,
tennis court 400m2,
conference hall -500m2and
staff quarters 600m2,
TOTAL BUILT UP AREA=6,200m2
CONSTRUCTION COST
Construction costs are KES 50,000[USD 625] per m2[East Africa] or KES 80,000 [USD 1,000]per m2[Dubai].
Estimated construction costs will be KES 50,000[USD 625] X 6,200m2 = KES 310,000,000[USD 3,875,000].
ESTIMATED INCOME
The current single room rates for Hotels in Zanzibar are as follows
1. The Zanzibar Serena 347 Euro per night
2. The Z Hotel- I62 USD per night
3. Blue Oyster Hotel 65 USD per night
4. Tamarind Hotel-75 USD per night –low season
5. Breezes Hotel 80 USD per night
Assuming a rate of 70 USD per night for 100 rooms on 50 % occupancy rate, this will be 70 USD x 100 rooms =7000 USD x 50% =3,500 USD per night [KES 280,000]
Assuming a profit of 20 USD per person o food, sauna, swimming pool, this will be 20 USD x 50 people = 1000USD [KES 80,000] per night.
TOTAL income per day is 3,500 USD + 1,000 USD = 4,500 USD.
Total income per month =4,500 USD X 30 = 135,000 USD [KES 10,800,000]
Total income per year = 4,500 USD x 256 days = 1,642,500 USD [KES 131,000,000]
At an estimated construction cost of KES 310,000,000 [USD 3,875,000], this project will return its initial investment in roughly 3,875,000 USD divide by 1,642,500 USD =2.3 Years****.[detailed feasibility study conducted by http://www.a4architect.com required].
RETURN ON INVESTMENT
Therefore, this project is viable and will return its initial investment within a period of 2.3 years.
As a rule of thumb, any project that returns its initial investment in a period of less than 10 years is a good deal.
FEES
The fees will be as follows:
Cost of construction = KES 310,000,000[USD 3,875,000].
Total Architectural fees= 6% x KES 310,000,000[USD 3,875,000]. =KES 18,600,000[USD 232,500].
Interior design fees: =3% of total construction cost=USD 116,250
Other consultation fees include:
Structural Engineering fees 3%
Quantity surveying fees 3%
Electrical Engineering [Building Services e.g. lifts, electrical wiring]] fees 2%
Mechanical Engineering [Building Services e.g. air conditioning, lifts, kitchen] fees 2%
COMPLETION TIME
A project of this magnitude will take approximately 18 months to complete.
Fees are paid as the work progresses whereby the Architectural services are rendered for a particular stage then the invoice is raised to be paid by the Client on completion of the stage through out the construction period.
The process of owning your house in Kenya is relatively easy.
We have arranged it into 3 easy steps.
STEP 1
Buy your land. Land is available in Kenya depending on the budget.
In Nairobi and its environs, you can acquire a 1/8th acre of land for as low as KES 80,000 off Kangundo road along the Greater Eastern Bypass. Click here for more land for sale http://www.a4architect.com/land4sale/
The price rises to highs of KES 3.5 million per 1/8th acre in Ruaka, 2 m in Syokimau near Mombasa Road, 3m in Kitengela near EPZ area.
For 1 acre plots, we have an acre going for KES 600,000 along the Greater Eastern Bypass off Kangundo road. 1 acre plots in Runda and Karen go for KES 20,000,000.
Therefore, there is a wide range of land available in the Nairobi neighborhoods depending on one’s budget.
STEP 2
Chose a house design that suits your taste and budget here below:
The construction costs range from as low as KES 989,000.
SYOKIMAU HOUSE
Plinth Area: 120 m2.
Construction cost:KES 3, 600,000
Design cost:Without changes/customization[as shown in the images above]: KES 54,000
Design cost including changes and customization: KES 108,000
Construction project Management cost: KES 108,000
Features.
Sunken Living room
Separate Dining room
3 Bedrooms
Master Bedroom Ensuite
Plinth Area:Ground Floor-265m2
First floor:115 m2
Total plinth area:380m2
Construction cost:13,300,000
Design cost: Without changes/customization[as shown in the images above]: KES 199,500
Design cost including changes and customization: KES 399,000
Construction project Management cost: KES 399,000
Features.
Living room with Alfresco
Second Living Room that can be easily converted to a Guest wing complete with kitchen and bedroom
5 Bedrooms
3 Bedrooms self-contained.
S/Q and Garage.
Office
Double volume living room
Floor Area: 45m2 .
Construction cost :KES 989,000.00
Design Cost: Cost without changes and customisation[as shown in the images above]:KES 29,670.00.
Supervision and Project Management cost:To be arranged depending on distance from Nairobi.
Space:
Bedrooms:2
Bathroom cum Toilet sharing.
Living room
Kitchen
Finishes.
Interior walls: paint on cement plaster
Floors: ceramic tiles
Services:
Septic tank.[maximum 15 meters away from house]
Electrical wiring
Floor Area: 240m2 . Construction cost :KES 7,200,000 Design Cost:With Changes and Customisation-KES 216,000.Design Cost without changes and customisation[as shown in the images above]:KES 108,000. Supervision and Project Management cost:KES 216,000
Bedrooms:5-all self-contained.
Floor Area: 240m2 . Construction cost :KES 7,200,000 Design Cost:With Changes and Customisation-KES 216,000.Design Cost without changes and customisation[as shown in the images above]:KES 108,000. Supervision and Project Management cost:KES 216,000
Bedrooms:4- 2 bedrooms self-contained.
Floor Area: 140m2 . Construction cost :KES 4,200,000 Design Cost:With Changes and Customisation-KES 126,000.Design Cost without changes and customisation[as shown in the images above]:KES 63,000. Supervision and Project Management cost:KES 126,000
Bedrooms:4- 1 bedrooms self-contained.
Floor Area: 160m2 . Construction cost :KES 4,800,000 Design Cost:With Changes and Customisation-KES 144,000.Design Cost without changes and customisation[as shown in the images above]:KES 72,000. Supervision and Project Management cost:KES 144,000
Bedrooms:5- 2 bedrooms self-contained.
Floor Area: 160m2 . Construction cost :KES 4,800,000 Design Cost:With Changes and Customisation-KES 144,000.Design Cost without changes and customisation[as shown in the images above]:KES 72,000. Supervision and Project Management cost:KES 144,000
Bedrooms:4-
2 Bedroomed unit on Ground floor and 2 Bedroomed unit on 1st floor.
Floor Area: 120m2 . Construction cost :KES 3,600,000 Design Cost:With Changes and Customisation-KES 108,000.Design Cost without changes and customisation[as shown in the images above]:KES 54,000. Supervision and Project Management cost:KES 108,000
Bedrooms:4-
1 Bedroom on Ground floor with external and internal access. 3 bedrooms on 1st floor. Master bedroom ensuite.
Floor Area: 100m2 . Construction cost :KES 3,000,000 Design Cost:With Changes and Customisation-KES 90,000.Design Cost without changes and customisation[as shown in the images above]:KES 45,000. Supervision and Project Management cost:KES 90,000
Bedrooms:3- Master bedroom ensuite.
Floor Area: 306m2 . Construction cost :KES 9,180,000 Design Cost:With Changes and Customisation-KES 275,400.Design Cost without changes and customisation[as shown in the images above]:KES 137,700. Supervision and Project Management cost:KES 275,400
Bedrooms:5- 2 bedrooms self-contained.
Floor Area: 130m2 . Construction cost :KES 3,900,000 Design Cost:With Changes and Customisation-KES 117,000.Design Cost without changes and customisation[as shown in the images above]:KES 58,500. Supervision and Project Management cost:KES 117,000
Bedrooms:4- 1 bedroom self-contained.
Floor Area: 170m2 . Construction cost :KES 5,100,000 Design Cost:With Changes and Customisation-KES 153,000.Design Cost without changes and customisation[as shown in the images above]:KES 76,500. Supervision and Project Management cost:KES 153,000
Bedrooms:4- 1 bedroom self-contained.
Floor Area: 82m2 . Construction cost :KES 2,460,000 Design Cost:With Changes and Customisation-KES 73,800.Design Cost without changes and customisation[as shown in the images above]:KES 36,900. Supervision and Project Management cost:KES 73,800
Bedrooms:2- 1 bedroom self-contained.
Floor Area: 100m2 . Construction cost :KES 3,000,000 Design Cost:With Changes and Customisation-KES 90,000.Design Cost without changes and customisation[as shown in the images above]:KES 45,000. Supervision and Project Management cost:KES 90,000
Bedrooms:3- Master bedroom ensuite.
Floor Area: 100m2 per unit. Construction cost :KES 3,000,000 per unit Design Cost:With Changes and Customisation-KES 90,000.Design Cost without changes and customisation[as shown in the images above]:KES 45,000. Supervision and Project Management cost:KES 90,000
Bedrooms:3- Master bedroom ensuite.
Floor Area: 130m2 per unit . Construction cost :KES 3,900,000 per unit Design Cost:With Changes and Customisation-KES 117,000.Design Cost without changes and customisation[as shown in the images above]:KES 58,500. Supervision and Project Management cost:KES 117,000
Bedrooms:4- 2 bedrooms self-contained.
STEP 3.
Financing.
We prepare the documentation required by Banks to give construction loans on behalf of our clients.
The documentation include
1. Approved plans
2. Bills of Quantities
3. Feasibility study/Business plan
Basically, construction loans are designed to be long-term so that the monthly repayments are in small quantities which are equivalent to the rent. This way, the house owner is saved from having to raise the large amount of capital needed to put up a house hence a win-win situation between the house owner and the Bank.
Conclusion.
With these 3 easy steps, acquiring your dream house can never be easier. http://www.a4architect.com takes you from the initial process of looking for suitable land [STEP 1] to choosing your house plans and designs [STEP 2] to applying for construction financing [STEP 3].
a4architect 