{"id":5736,"date":"2019-10-02T14:40:04","date_gmt":"2019-10-02T11:40:04","guid":{"rendered":"http:\/\/www.inversk.co.ke\/?p=5736"},"modified":"2019-10-02T14:40:04","modified_gmt":"2019-10-02T11:40:04","slug":"offplan-development-is-the-way-to-go-for-homeowners","status":"publish","type":"post","link":"https:\/\/www.kenyanenterprise.com\/sites\/kimani\/article\/offplan-development-is-the-way-to-go-for-homeowners\/","title":{"rendered":"Offplan Development is the Way to Go for Homeowners"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-large\" style=\"float:left\"><div class=\"counts mashsbcount\">329<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-large mash-center mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.kenyanenterprise.com%2Fsites%2Fkimani%2Farticle%2Foffplan-development-is-the-way-to-go-for-homeowners%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Share<\/span><\/a><a class=\"mashicon-twitter mash-large mash-center mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.kenyanenterprise.com\/sites\/kimani\/article\/offplan-development-is-the-way-to-go-for-homeowners\/&amp;via=enterprise_ke\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Tweet<\/span><\/a><a class=\"mashicon-subscribe mash-large mash-center mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-large mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><div class=\"mashsb-toggle-container\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Often called the cornerstone of everyone&#8217;s dream, home ownership is an important milestone of adulthood. The desire to become a homeowner, purchasing a property, is \u201ca vital component&#8221; in our lives.<\/p>\n<p>First-time homeowners, especially millennials find it expensive or rather unaffordable to acquire a mortgage or even buy a home in a single installment. However, the emergence of off-plan developments has made it easy for one to fulfill this dream. Now is the best time ever to fulfill that dream and begin to build equity.<\/p>\n<p>Buying a house off plan presents an almost irresistible allure to investors and prospective homeowners, and has had a growing popularity due to the convenience it offers. The allure is driven by the promise made by property developers, to provide housing that is both \u2018affordable\u2019, flexible and \u2018pocket-friendly\u2019 for potential buyers, where the prices are much lower than the prices at the prevailing market rates.<\/p>\n<p>This method of home investment is the purchase of property before completion, which is driven by the high prices prevalent within the real estate market and the time that developers take to deliver upon housing units. The property is therefore bought off the plan or at the design stage.<\/p>\n<p>As a purchasing trend, aspiring property owners are able to acquire property by placing their money in development projects still under construction and in early stages during architectural plans.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium\" src=\"http:\/\/nyumbaniltd.com\/project_images\/1568964339_Fanaka%20Estate%20by%20Nyumbani%20Concepts8_resized.jpg\" width=\"600\" height=\"374\" \/><\/p>\n<p>While many may consider it a risky investment, off plan development usually pays off well especially where property is located in high-growth areas. It is a means of easy access to and ownership of property as an individual is able to pay off the money through a down payment, and later on in small and manageable installments.<\/p>\n<p><b>The Perks of Off-plan Home Ownership<\/b><\/p>\n<p>One of the advantages of this type of home ownership is making the first pick of a property within an ideal location. This is because most people often wait for properties to be fully constructed in order to make their purchase. Buying off plan means one is able to have the choice to make an improvement in the architectural plan, as long as the price limit is maintained to meet your demand.<\/p>\n<p>The timing of an off-plan purchase agreement is advantageous in that having a long settlement period and a projected increase in market value growth, a potential buyer is accorded good equity growth. As an investor, you therefore acquire future assets and make capital gains at current prices.<\/p>\n<p>Owning a property in its initial stages of development also saves you from future price increments, such that you do not pay any extra amount even if property prices in that particular area increase. This is because the price agreed upon has already been locked in and you are therefore not expected to pay more. This actually means you get to enjoy a price discount, which allows you to spend your capital on more investments where you can afford to consistently grow your property or investment portfolio.<\/p>\n<p>Off plan development enables low initial capital outlay. In most cases, the developer requires an initial deposit and the balance is evenly spread across the construction period. For example, in our latest project dubbed Fanaka Estate, we allow you to pay a deposit of Ksh 2M and balance in 13 months totaling Kshs. 5.3M.<\/p>\n<p><strong>About Fanaka Estate<\/strong><\/p>\n<p>Fanaka Estate is a prime smart estate project strategically touching tarmac along Dagorretti road off the Southern Bypass. This smart estate features 3-bedroom master en-suite bungalows all suited with state-of-the-art modern CCTV surveillance system and intercom connection for gate security. Each house is internet ready and comes with two parking bays, a large lounge with separate dining, tiled floors and modern finishes. Cash buyers save a whooping Ksh 500,000 for the project and only pay Ksh 4.8M<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium\" src=\"http:\/\/nyumbaniltd.com\/project_images\/1568964339_Fanaka%20Estate%20by%20Nyumbani%20Concepts7_resized.jpg\" width=\"600\" height=\"374\" \/><\/p>\n<p>By investing in this project as a landlord, the return on investment (ROI) is well above the interest rate you can earn on any bank deposit or savings account. Your affordable housing investment will be growing in price and value too. As a homeowner, you secure a high value asset at a low initial capital outlay. You are also set to benefit from capital appreciation where your property appreciates in value as you make your payments. This is because depending on the prevailing market conditions, houses bought via off plan schemes increase in value.<\/p>\n<p>To invest in this estate, call Nyumbani Concepts on 0723 310 000 or email <a href=\"mailto:info@nyumbaniltd.com\">info@nyumbaniltd.com<\/a><\/p>\n<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-large\" style=\"float:left\"><div class=\"counts mashsbcount\">329<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-large mash-center mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.kenyanenterprise.com%2Fsites%2Fkimani%2Farticle%2Foffplan-development-is-the-way-to-go-for-homeowners%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Share<\/span><\/a><a class=\"mashicon-twitter mash-large mash-center mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.kenyanenterprise.com\/sites\/kimani\/article\/offplan-development-is-the-way-to-go-for-homeowners\/&amp;via=enterprise_ke\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Tweet<\/span><\/a><a class=\"mashicon-subscribe mash-large mash-center mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-large mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><div class=\"mashsb-toggle-container\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->","protected":false},"excerpt":{"rendered":"<p>Often called the cornerstone of everyone&#8217;s dream, home ownership is an important milestone of adulthood. The desire to become a homeowner, purchasing a property, is \u201ca vital component&#8221; in our lives. First-time homeowners, especially millennials find it expensive or rather unaffordable to acquire a mortgage or even buy a home in a single installment. However, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":5737,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","sync_status":"","episode_type":"","audio_file":"","castos_file_data":"","podmotor_file_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","footnotes":""},"categories":[193,3],"tags":[59,173,545],"series":[],"episode_featured_image":"https:\/\/www.kenyanenterprise.com\/wp-content\/uploads\/2019\/10\/Fanaka-Estate-by-Nyumbani-Concept.jpg","episode_player_image":"https:\/\/www.kenyanenterprise.com\/wp-content\/plugins\/seriously-simple-podcasting\/assets\/images\/no-album-art.png","download_link":"","player_link":"","audio_player":false,"episode_data":{"playerMode":"dark","subscribeUrls":{"apple_podcasts":{"key":"apple_podcasts","url":"","label":"Apple Podcasts","class":"apple_podcasts","icon":"apple-podcasts.png"},"stitcher":{"key":"stitcher","url":"","label":"Stitcher","class":"stitcher","icon":"stitcher.png"},"google_podcasts":{"key":"google_podcasts","url":"","label":"Google Podcasts","class":"google_podcasts","icon":"google-podcasts.png"},"spotify":{"key":"spotify","url":"","label":"Spotify","class":"spotify","icon":"spotify.png"}},"rssFeedUrl":"https:\/\/www.kenyanenterprise.com\/feed\/podcast\/default-podcast","embedCode":"<blockquote class=\"wp-embedded-content\" data-secret=\"1f6Q1RyXTX\"><a href=\"https:\/\/www.kenyanenterprise.com\/sites\/kimani\/article\/offplan-development-is-the-way-to-go-for-homeowners\/\">Offplan Development is the Way to Go for Homeowners<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.kenyanenterprise.com\/sites\/kimani\/article\/offplan-development-is-the-way-to-go-for-homeowners\/embed\/#?secret=1f6Q1RyXTX\" width=\"500\" height=\"350\" title=\"&#8220;Offplan Development is the Way to Go for Homeowners&#8221; &#8212; Kenyan Enterprise\" data-secret=\"1f6Q1RyXTX\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! 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