The Greenhouse, 2nd Floor
Adams Arcade, Ngong Road
P.O. Box 29310-00100, Nairobi
Tel: +254 729 933955, +254 737 933955
|What are the requirements if I want to build?|
(See above under build or buy)
However, there is a risk in renting a house since you are at the mercy of the landlord, whilst ownership would mean you have no landlord to worry about. In addition, though mortgage payments may stretch your finances in the first few months, over time, you get used to making the payments and the fact that your house is yours, you feel encouraged to ensure that you pay your mortgage on time.
- TMC Mortgage Report Q1 2013
- Hass Property Index Q1 2013 property market hesitant
- Mortgage Special Report Q4
- Housing market activity rebounds on CBK rate cuts back to life
- CBK rate cuts spark real estate back to life
Save Millions (KSHs) by getting a shorter mortgage term
What the experts say
TRUE, normally buying a home will cost you two or three times the price you paid. This is because of the effect paying interest has on your mortgage repayments. If you pay more every month you'll end up paying much less in interest. Sure, your monthly repayments will be higher, but the overall cost will be hugely lowered.
Speak to our friendly experts