The Mortgage Company,
The Greenhouse, 2nd Floor
Adams Arcade, Ngong Road
P.O. Box 29310-00100, Nairobi

Tel: +254 729 933955, +254 737 933955
Email: info@tmcafrica.com
www.tmcafrica.com
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3 facts about Experienced Developers
  • A good location doesn't mean the best area in town when you are a developer. If you buy in the centre of the best area then you are going to pay the highest price and that doesn't leave you any room to make a profit.
  • Some of the most successful property developers specialize in buying in what most people would consider the worst possible locations, when in fact they are great locations for developing property, making large profits.
  • You make your profit when you sell completed property developments, thus, it is essential to pay the right price for the Land to be developed. If you pay over the top for something, however good it may seem, you are not going to be able to make a decent profit because the margins are so slim.
 
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Did you know

Save hard before you try to buy

What the experts say

TRUE, Lenders prefer borrowers with big deposits, offering them preferential rates of interest. So if you have at least 25 per cent of the purchase price to put down you will have access to the widest range of deals at the most competitive interest rates.

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