Tuesday, August 17, 2021

Cross off this checklist before buying an apartment house in Nairobi

Buying Home in Nairobi CBD

The capital and the largest city in Kenya, Nairobi is a hotspot for real estate opportunities and boasts high demand from homebuyers. So, how can you ensure that buying an affordable house in Nairobi prime location is the best decision for you?

Follow our thoughtful and thorough process to find the ideal apartment in Nairobi.

  • Search for a home only as per your specific need – a home for your family or an investment opportunity.
  • Make sure that it is the ideal home in terms of location, amenities, and nearby infrastructure. 
  • Seize the right opportunity at the right time – don’t rush and don’t prolong your purchase if you have found the best valuation.
  • Evaluate your financial situation and plan the costs as per what you can afford which includes picking the right return value and the right mortgage tenure.
  • Ensure that there are no red flags regarding the availability of the property or the reliability of the developer.
  • Get a competent lawyer to carry out the legal due diligence with thorough and credible paperwork.
  • Ensure you have all the copies of the paperwork including the title deed, lease title, or lease documents. 
  • It is advisable to have insurance cover for your home, an important financial factor that is often ignored by homebuyers.

Once you have found the home that you want to buy apartments in Nairobi, make sure that your deal is sealed with the sale agreement signed by both parties. This will ensure that the deal is legally binding and enforceable under the law of contract.

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