PROPERTY ANALYSIS

Financial decisions should be made on merit and not on emotions as many people do. Reaching to a decision based on facts is one kind of awareness that is unbelievably low and is also commonly ignored and abused by many of the so called property investors.Before you purchase, it's imperative that you acquaint yourself with the common and powerful determining factors that would support your venture, as well as the others who preceedes or who'll follow after you.A good property analyst should use effective calculations on the given market and consequently enlighten the investors on the pros and cons of the particular property. 


In some instances the analyst would end up with a case of very close balance of good versus bad, advantages almost equalling disadvantages, or the other way round. In such a case the decision is to be left with the investors .The first question asked everytime a property is identified is " What is the selling price?" Immediately followed by, "Is the price negotiable ?"As much as this sounds okay and normal, I'd suggest that the first question immediately .after identifying a particular property be "How much is it worth?" This question will prompt the analysis to be the first and key step, even before negotiating, but after the investors has expressed interest.Value is a vital topic for it's partly subjective and is determined by external forces. A property being either residential, commercial, industrial, agricultural or recreational will be valued based on;#1 location#2 improvements#3 zoning#4 competition#5 local employment#6 availability or otherwise of other similar properties.To determine property value, there're numerous tools, theories and methods used, some are scientific in nature and there're those utilizing no specific accuracy standards, formulas or trends. If asked i always advise on scientific methods, here an analyst use pre-programed softwares, tools etc and they are able to come out with so much data as may be needed iePractical market factors like, margins, risks tolerance, cashflow, tax benefits, these tools are able to analyze and present with such factual way that an analyst will not hesitate to confidently draw reports based on the conviction of his findings. ( the tools and methods of analysis will be discussed in depths in later posts )Visual and emotional analysis should be avoided as much as possible. True property value can only be determined by the comparatively shopping and quoting process in search of a standard/average  market price in the area covered by the particular market. 


Often are the cases of some investors who brush aside these factors and buy properties based on the seller's asking price, or what the brokers give as the price. I've always found it very worrying that one may take so long in car bazaars testing and even comparing prices, and yet when the same person gets to the property market they hastily get themselves quick deals and end up losing a lot of money in value.In order for an investor to realize the total value of their investments, they need to develop a means to reliably analyze and dissect the property they are considering to buy,the factors that determine value, the mode of comparison between like or almost similar properties, the effects of a slight difference in location and the consequent difference in price - these are the main hurdles that an investor must overcome inorder to reach a point of deciding what to pay for a particular property.Note, all these is to be done once interest has been expressed, before negotiating for the final absolute price with the seller - and here note once again my emphasis on negotiating with the seller/s, not with brokers.


To make informed decisions, we should not use the analysis of a given property to buy another one, each property is to be addressed independently unless the two are neighboring each other and of same ownership or are in a scope of less than 50meters and even possibly sharing similar a frontage.As much as reality estate analysis can be done by people from many quarters successfully the investors also should observe with interest and seek to be enlightened further beyond the ordinary presentation of complete document. S/he should not shy from acquainting self with the knowledge of real estate analysis through developing a habit of reading, listening to audio CD's  and attending property workshops and seminars ( Richmon Property investment workshops ).The ability to analyze and even criticize a property on your own, to generate a cashflow projection for at-least the first fiscal year where you are in commercial investment, and also a location analysis and valuation is so important that if everyone was that conversant even, fraud and white elephant investments would gradually be eliminated. 

Click here to Reply or Forward

Real Estate in Kenya

Ads – Why this ad?

KONZA TECHNOLOGY CITY
    ( Kes 1.2 Trillion project)

The Parliament has endorsed the Kenya government proposal to build a technology park at Konza area of Eastern province. The centre to be known as Konza Technology City , will be built on a 64 square mile stretch covering about 5000 acres of land, and is set to begin in  June 2012.
The project is set to be a major ICT site in this country, according to Nairobi Metropolitan permanent Secretary , the project master plan will be launched in march this year. Konza tecnology city was proposed as one of the key drivers of the achievement Vision 2030. To show its commitment the government has already allocated Kes. 1billion for the initial stages of the project although the entire initiative is estimated to cost about Kes. 1.2 Trillion.

The ICT city in Konza if well facilitated will host 2018 ICT Annual Conference which is usually hosted in one city for five consecutive years before moving to another city , thus the project requires massive  investment in accomodation facilities as well as communication and infrustructure to cater for the 60000 delegates to attend.

Are you interested but with low capital? Not to worry -
Join with other investors in your kind of situation and
buy together then split. www.richmongroup.kbo.co.ke

For further details contact:
Our market Analyst on
+254721282548

Richmon Group & Properties (k) Ltd

Free internet business opportunity work at home on the internet. Free quick courses to show you how to start your home internet business. No costs at all start part time and make money in your spare time just sign up at http://www.sfi4.com/11548904/free

KONZA TECHNOLOGY

Richmon Group & Properties (k) Ltd

KONZA and the surrounding areas has been our speciality.We at richmongroup have made it our business to connect the (ICT sector) investors, properties developers and all manner of speculators with every needed info on land. The how to buy, From whom, Where, Current affairs pertaining to properties in the area, News on properties acquisitions, The current prices, The authorities involved. We find pleasure in relieving you of the burden of land acquisition especially in this areas. And for those eager to taste the fruits of the ICT/ internet marketing, visit our website for more information www.richmongroup.kbo.co.ke

SILICON CITY 101

The Name originates from SILICON VALLEY in the United States.... The term originally referred to the region's large number of silicon chip innovators and manufacturers, but eventually came to refer to all the high-tech businesses in the area; it is now generally used asit is now generally used as a metonym for the American high-tech sector. Despite the development of other high-tech economic centers throughout the United States and the world, Silicon Valley continues to be the leading hub for high-tech innovation and development, accounting for 1/3 of all of the venture capital investment in the United States. a metonym for the American high-tech sector.

 It was in Silicon Valley that the silicon-based integrated circuit, the microprocessor, the microcomputer, among other key technologies, were developed, and has been the site of electronic innovation for over four decades, sustained by about a quarter of a million information technology workers. Silicon Valley was formed as a milieu of innovations by the convergence on one site of new technological knowledge; a large pool of skilled engineers and scientists from major universities in the area; generous funding from an assured market with the Defense Department; the development of an efficient network of venture capital firms; and, in the very early stage, the institutional leadership of Stanford University

 After World War II, universities were experiencing enormous demand due to returning students. To address the financial demands of Stanford's growth requirements, and to provide local employment opportunities for graduating students, Frederick Terman proposed the leasing of Stanford's lands for use as an office park, named the Stanford Industrial Park (later Stanford Research Park). Leases were limited to high technology companies. Its first tenant was Varian Associates, founded by Stanford alumni in the 1930s to build military radar components. However, Terman also found venture capital for civilian technology start-ups . One of the major success stories was Hewlett-Packard. Founded in Packard's garage by Stanford graduates William Hewlett and David Packard, Hewlett-Packard moved its offices into the Stanford Research Park slightly after 1953. In 1954, Stanford created the Honors Cooperative Program to allow full-time employees of the companies to pursue graduate degrees from the University on a part-time basis. The initial companies signed five-year agreements in which they would pay double the tuition for each student in order to cover the costs. Hewlett-Packard has become the largest personal computer manufacturer in the world, and transformed the home printing market when it released the first ink jet printer in 1984. In addition, the tenancy of Eastman Kodak and General Electric made Stanford Industrial Park a center of technology in the mid-1990s.


According to a 2008 study by AeA in 2006, Silicon Valley was the third largest high-tech center (cybercity) in the United States, behind the New York metropolitan area and Washington metropolitan area, with 225,300 high-tech jobs. The Bay Area as a whole however, of which Silicon Valley is a part, would rank first with 387,000 high-tech jobs. Silicon Valley has the highest concentration of high-tech workers of any metropolitan area, with 285.9 out of every 1,000 private-sector workers. Silicon Valley has the highest average high-tech salary at $144,800. Largely a result of the high technology sector, the San Jose-Sunnyvale-Santa Clara, CA Metropolitan Statistical Area has the most millionaires and the most billionaires in the United States per capita.
The region is the biggest high-tech manufacturing center in the United States.

Konza is set to become Africa's Silicon Savannah, where new inventions will be presented to the world and
and businesses will have opportunities to invest in real estate, in technology, in providing services e.g health, in conference tourism and hotel industry.

www.richmongroup.kbo.co.ke

KONZA TECHNO CITY, KENYA DIGITAL CITY,

Malili Ranch is located approximately 60km from Kenya capital city Nairobi and is set to become Kenyas hub in information and technology after the government acquiring 5000 acres towards the project. It is already causing ripples and has been termed as Africa's silicon Savannah modeled on Silicon valley in the US.


The ranch lies on about 20,000 acres of land, of which 5000 acres was bought by the government from individual shareholders for the project, about a year ago. The rest of the land, more than 15,000 acres subdivided into 7.8 acres (a share) allocated to every shareholder of Malili Ranching Company Ltd,long before the government thought of building an ICT TECHNOCITY or a DIGITAL CITY. There are more than 2000 such pieces of land measuring 7.8acres. Surrounding the ICT complex owned by individuals.
This is creating a huge attraction to both local and international investors, giving them an opportunity to get involved and realize the potential of this international investment gem.
This has consequently affected the price of land especially to those who determine to go for prime locations hence prompting different proximities with different prices.
Examples ;
1) Proximity to the ICT city - This includes the lands bordering the proposed city to the north and to the south the cost ranges from KShs 11Million to 15Million per 7.8acre piece.
NOTE that the government has almost fenced the the whole area it bought, being done by the NATIONAL YOUTH SERVICE, which has a construction site and camp in the same area alongside that of the Administration Police. Very visible on your left as you come from Mombasa.

2)Proximity to the Main Road- This includes lands along both sides of Mombasa road the price ranging from KSh 9Million to 15Million.
3)Proximity to Shopping centre - Malili(Konza) shopping center is about a year old but it has grown to host restaurants (some even with swimming pools! And live guinea fowls prepared only on order.I once asked whether they'd serve game too, owing to the fact that the complex is in a Maasai grassland with all kinds of grazing wildlife. But i was told that Game rangers in the area would treat poaching worse than the Alshabaab! ), hardware shops and other commercial services in the area. Currently there's alot of construction going on as many are finding it wise to invest the area. The land therefore goes from KShs 12Million to 15Million.

4) Multiproximity spots- These are areas that are closer to all of the above proximities.ie ICT city, Main road and the Shopping center. Their prices range from KShs 15Million to 20Million.

5) Proximity to the Railway line - The government is planning on upgrading the railwayline in the region, it's said the government will link the city with a subway line that will take about 11 minutes to the JKIA (airport ) thus getting land along this line would be a worthwhile investment. Currently the land along the railway line is going at about KSHS 4 Million to 7 Million. Which is bound to rise as soon as the government begins the project of upgrading the railway Line.

6)Proximity to Conservation Land- These are the areas close to the lands set aside for preservation of wildlife southeast of the ranch. This place is dominated by two hills the one to the north is Malili hill, while the much bigger one split at the mid by the complex's boundary is called 'Kwa Kia' sitting at the extreme south east of the ranch. This place if you ask me, would be very suitable for HOSPITALITY businesses, posh RESIDENCE , EDUCATIONAL centers,HOSPITALS etcetera, for its in a high terrains with trees and shrubs. going from KShs 6Million to 20Million.

7)Proximity to Kenya Pipeline Company - Malili also is home to Kenya Pipeline Company sub station. Land closer to this station range from KShs 5Million to 8Million.

The first phase of the the project will include a science and technology park, business processing and out sourcing, world-class hotels a sports stadia among others. The first phase, will cost about KShs 800Billion.
8) Last not least is the land in parts where long-term investors would venture, these are those not close to any particular proxime, but all-the-same a worthwhile ordinary land for such uses as RESIDENCE , CORPORATE CENTERS, SCHOOLS , SPORTS TRAINING, GATED COMMUNITY COMPLEXES, and who knows even HORTICULTURAL FARMING, for some properties are in areas surrounded by huge man-made dams. The prices would range from 3m.Ksh upwards.
 We have posted this in a bid to answer many E-mails sent to us Inquiring about PROPERTY PRICES IN KONZA ICT CITY. It's our sincere hope that we'll quench much of that, and as we continue to interact, this post will guide our followers on what to budget for. The prices we have given are just TENTATIVE for the actual price can only be determined after the buyers have negotiated with the seller.  

Richard Kainika.
Market /Property Analyst.
 RICHMON GROUP & PROPERTIES (K) LTD.

KITENGELA

19 acres kitengela ostrich farm call 0721282548


http://www.richmongroup.kbo.co.ke