This is why you should invest now.
At ORES selling pre-developed affordable and low cost homes in partnership with developers in kenya is our core business which we encourage our clientele to take advantage of always. Buying OFF-PLAN'S has become popular with investors for several reasons. The main one is that when selling an off-plan property, developers sell at a DISCOUNT to valuation. The earlier you buy off-plan, the BIGGER the discount you’ll get. And the discount is based on the price at the time you agree to BUY, not at the time of completion.
Let’s say you buy an off-plan property at Kes 3,750,000 cash with a discount of 18% from 4,425,000 Your completion date is in 10 months, and you pay a 1.5% (1,500,000)deposit to reserve the property. If the property market stays positive and it will considering the high demand for affordable housing in Kenya, and rises by, say, 25% in that one year, your property will be worth Kes 5,531, 250 when you complete. You’ve made a profit of nearly kes 1,781,250 before you even have the keys. For the ones buying to live you have saved yourself an equivalent of the same amount.
You also get to stage your payments. It means you can plan for financing in advance.
Also, the period between agreeing on the purchase and completion gives you the breathing space to consider your options as to how to benefit from your investment property. Will you let it out, or will you sell it? Maybe you’ll remortgage to release equity and make a second investment. M.O
Call/text/watsapp 0717573142 for your next affordable house purchase.
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