Building Rental Properties in Kenya: Things to consider

*Architectural render of a proposed rental property in Kenya*.

Building Rental Properties in Kenya: You probably want to discover and FastTrack your budget before embarking on a construction project. As a Quantity Surveyor, I can confidently endorse this after some practice and conversations with construction stakeholders.

When the need to do a construction project arise, we often find ourselves confused on where to start and whether we will meet the requirements. The most that concerns us is the expense of the project. In a nutshell, I will give the core highlights of how you can do it right and simple.

Planning

Planning is the backbone of any project you will do. Scaling down to building rental properties in Kenya, which are set up for the benefit of the renters, I wish to point out that most people miss the mark by thinking about their own interests. Simply by looking at them, you can tell the difference between rentals in one location that have different charges.

Design Quality

Other than cost, you need to ensure that you have the interest of the occupants at heart from the design stage. Hire an architect to do the designs. This is the first step that we miss out. We often know someone cheaper who can even draw for free, but we wind up creating rooms that don’t work and have subpar rentals. Having an Architect on your team cuts the future losses.

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For instance, smart architects are concerned with quality and are more aware of human space requirements. Once you have a professionally designed plan, you can be certain that your structure will be rented out even before it is finished. This is because of the high quality of the work. Furthermore, the careful selection of materials guarantees you that repairs will be substantially minimized, lowering the overall cost.

Bill of Quantities (BQ)

With careful selection of materials to use in a certain project as advised by the architect, you now get a quantity surveyor to give the approximate cost. Working with a budget gives a glimpse of what you need to achieve. You might not have all the monies to carry out the whole project. A quantity surveyor will help you break down the project in phases that you can budget for in different timeframes.

This will help you understand the financial need of the project and thus give you the motivation to start or wait. Valuable Homes for instance is a consulting and construction firm that has greatly helped people achieve this dream of building rentals. The company’s idea is very adaptable and their breakdown makes you want to build every day. Valuable Homes Ltd simply helps you understand what you require first before you set the project running.

In conclusion,

There is no doubt that Quality drives the clients to you. Let it be your driving force as you try to fit in your budget. Hiring professionals is not a waste of resources as insinuated by most people, but a save to your expenses and increment to your property returns.