Cost of putting up rentals - Singles and Doubles

Business
1

Hi Kijiji,

I am writing this to tap onto the plethora of information from both birrionaires and elite keyboard warriors (those folks who are always full of ideas and plans but always experience thought block when it comes to the execution stage). I am planning to set up rentals for singles and doubles i.e. 10 singles and 10 doubles after securing 1/2 acre plot in a small center western part of Kenya that attracts singles and doubles which is mainly attributed to the purchase power within the area.

I am seeking advice on the approximate cost of setting up such units and some of the challenges I might experience. I accepted that Nairobi and its satellite towns are gone and I don’t see myself investing on those ‘Ka plots’ 50*100 being advertised by unscrupulous real estate companies in Kajiado yet they are zoned not to be divided below certain acreage

2

40 min na unangoja free instructions?
Enda kesho tao kwa “wafishi ya ingineer” LICENSED he will sit u down and give u more information ur needs. Kua na 3-10k kwa mfuko

3

Nilisikia each room ya 10 by 10 can cost you 100k…do the maths from there.

4

So nikirentisha 5k meaning in 20 months I break even, hehehe hii ni idea poa

5

Source?

6

Rent ya single room ni 1k

7

Unreliable sources

8

5k in western??? Sioni.

9

1k si ni kidogo sana…so inaweza chukua mpaka 8 years to recover initial costs

10

Isn’t that the rent price for single rooms in those towns. Ikienda sana ni 2k.

11

Rent imepanda almost everywhere.

12

Worst investment idea in my opinion, clatters the area and brings down the value of the area.

13

I did some bedsitters, about 8 units, spent close to a million in approvals and the everything else. As an engineer, budget for around a million, to get around 15 singles/doubles. Rent per single is around 2500 while a double is 3500. Do your maths. The downside is iko majamaa uhama usiku na matress pekee.

14

Hapo ndio fikra imetufikisha, what’s you alternative investment sir?

15

Which year was this? Has this figure been affected by inflation right now?

16

The cost of one single room is 80k as of now. Factor that you need toilet, electricity,water and so many things.

17

Single moja ni 90k kujenga. Double ni kama 160k. So hiyo ni kama 900k plus 1.6m. Yote ni kama 2.5m

18

If you are below 35 years, wacha hii upuzi ya kujenga rentals. Returns are very minimal. Weka pesa yako kwa fiashara and save. Ukigonga 40 years anza sasa kujenga ndio upate unga ya retirement.

19

fiashara kama gani?

20

Depends on many factors.