KIMISITU INVEST 2019 DIRECTORS VACANCY

In the Eighth coming Kimisitu Invest AGM to be held on the 13th April 2019, due to rules and regulations that govern companies, there are two v a c a n c i e s on the Board of Kimisitu Invest created by Two Board members who are retiring and one is  eligible for re- election thus to fill the vacancies we are g i v i n g Kimisitu Investment Co PLC Shareholders an opportunity to Nominate replacement board members.

Kimisitu Invest Board through nomination, election process would select Members of the board according to their skill, experiences and personal qualities. It is the Kimisitu Invest board policy to balance the skills and experiences of her Directors yet considering unique or special requirements of the company.

THE CANDIDATE SHOULD HAVE THE FOLLOWING SKILLS, EXPERIENCES AND KNOWLEDGE

Professionals Qualifications:

First Degree from a recognized university

Note

Legal, Survey (Quantity &Land Survey), Real Estate, Accounts/Finance and Administration professionals will have an added advantage.

Personal qualities

The Board expects that the candidates will have the following personal qualities:

  • An understanding and commitment to the Vision, Mission and Values of Kimisitu Invest
    • Honesty and integrity
    • Willingness to devote and dedicate the time and effort required for an effective board
    • Commitment; attendance of board orientation, retreats, meetings, committee meetings and other related Kimisitu Invest events
    • A basic understanding of Corporate Governance
    • An understanding of the role of a Director and the fiduciary roles and responsibility of a board
    • An absence of an ongoing conflict that would impede a Director’s ability to fulfill his/her

fiduciary duties and responsibilities

  • A strategic thinker and ability to work in and as part of teams

   All prospective candidates must send clearances from EACC, CRB, HELB, KRA&CID

Interested and Qualified persons should apply by, Sunday  7th April, 2019 by 1700hrs by sending copies of their applications, detailed resumes and contacts of three referees addressed to the Chairman, Kimisitu Invest via an email to  info@kimisituinvestment.co.ke

LAND BUYING CHECKLIST- DUE DILIGENCE

Everyone’s dream is having a parcel of land be it an eighth, five acres or several thousands. Land ownership is the surest investment there is. They say the best investment on earth is earth. Land investment holds intrinsic value to the owner and signifies permanence in society

It is of importance to ensure that the land you want to purchase will provide the enjoyment that you are seeking.Doing thorough research of the property before getting into any form of agreement is key. This is what we call due diligence. It gives you surety that the property is clean and satisfies all your criteria
So, what should a prospective buyer consider? The following is the first of a three-part list of key items to get one started on the due diligence process.

Access

This is perhaps the most critical characteristic influencing value. The nature and extent of access dictates the type of uses the parcel can offer. Does the parcel front a publicly-maintained road with power and utilities? Does the parcel have a deeded right-of-way across an adjacent landowner? Does the condition of the road surface (e.g. gravel vs. pavement) relegate it to seasonal or year-round use? Research the access thoroughly and understand all the associated benefits and limitations to be sure you can use the parcel as you envision.

Boundaries

Parcel boundary markings exist in many forms and, in some cases, not at all. Always inquire first if a survey exists. It doesn’t necessarily have to be registered at the county registry of deeds, but it must have the imprint of a licensed surveyor to be legitimate. If no survey exists, start with the deed description and obtain a copy of the map. However, beware of the latter source as most municipal tax maps are meant for general location reference and not boundary identification.

Many boundaries also exist in the form of stonewalls and/or barbed wire. Such boundaries are more common in southern and central New England but less so in northern regions where large forested tracts have been managed for their timber for decades.

When physical evidence and legal documentation is lacking or uncertain, a licensed surveyor may be necessary to locate and re-mark the boundaries. Don’t be afraid to engage a professional to help you ascertain the parcel boundaries. It will be money well spent.

Deeds

A registered deed is the most important document to review. The seller or his/her broker can provide you with a copy. In some cases, you may need to obtain one from the lands registry.

The deed confirms the owner’s identity, who they purchased it from, and when. Most importantly, it provides a physical description of the property,

Read the deed carefully more than once and understand what is for sale, where it’s located, and any encumbrances that may exist. It is strongly advised that an attorney review the deed prior to sale, often done as a contract contingency, and that they conduct a thorough title search to ensure a “clean, marketable” title. There is no substitute for sound legal review in the acquisition process.

WHY YOU SHOULD INVEST IN NANYUKI

Nanyuki is the face of Laikipia County, which seats at the armpit of Mt Kenya. It is sandwiched between Meru and Nyeri counties.It has long been dominated by ranches, conservancies, and pastureland. Investors are changing this to a real estate market and holiday destination.

Its diverse hospitality is a plus for the town. The demand has seen Nanyuki attract housing developments that will be a home in a Nairobi high-end suburbs

Below are some of the reasons why Nanyuki is a hot spot for real estate.

The Lamu port/South Sudan/Ethiopia Transport corridor (LAPSSET)

Lapsset is the first single Gigantic, Integrated, Transformative and Game-Changer infrastructure Project the Government has initiated and prepared under Vision 2030 Strategy Framework without external assistance. The project which is already underway is set to pass through Isiolo, a few kilometres from Nanyuki positioning it to grow even further. This will see the value of land in Nanyuki appreciate exponentially over the next few years.

British Army Training in Kenya(BATUK)

Commonly known by locals  as ”Johnny” BATUK is a permanent training support unit for  British Army based mainly in Nanyuki, 200 km north of Nairobi, but with a small rear element in Kahawa Barracks, just outside Nairobi. It provides the logistic support to visiting units and consists of around 56 permanent staff and reinforcing short tour cohort of another 110 personnel.

The British Army recently acquired a 500 acre land parcel on a 99 year lease from the Kenya Defence Forces where they have set up a training military base. Consequently, this has seen the demand for residential developments swell, and as this demand is met through development of the area, the land value gradually appreciates.

Apart from the British Military, the Kenya Defense force and Kenya Air force

Tourist Destination

Did you know that Nanyuki holds a special place in Prince William’s heart? Yes Prince William who is second in line to succeed his grandmother, Queen Elizabeth II, after his father.

Nanyuki is where he entered into a “pretend engagement” with Jessica Craig before coming back years later to propose to his then girlfriend Kate Middleton, now the Duchess of Cambridge at Rutundu Log cabins in Nanyuki. It is this same region where his grandmother Elizabeth was when she found out she would be Queen.

With over 10 conservancies, with the most sought after being Ol Pejeta, Lewa conservancy and  Mount Kenya wildlife conservancy, Nanyuki offers you a unique chance to experience more than 80 species of wildlife for example Elephants, Lions, Zebra, Giraffe among others. Nanyuki is home to exquisite hotels and resorts such as the Fairmont Mt. Kenya Safari club, Falcon heights just to name a few. With holiday home developments such as Mukima ridge, Mt. Kenya wildlife home, the Maiyan and Enaai golf resort, Nanyuki’s real estate sector is only going to grow.

An interesting fact about Nanyuki is that it is home to the only bear in Africa and Its waters are natural,straight from Mt. Kenya, with very cold temperatures ( No need to refrigerate).

Kimisitu Investment has partnered with Nanyuki Gardens Limited to provide you with a perfect place for a holiday home and retirement. Think about scene,site and development we have a perfect package for you. For as low as 270,000 you can get a 1/8 acre

MAIN OPEN DAY 26TH JANUARY 2019 BOOK A FREE SEAT TEXT NAME TO 22567

Serene Kitengela Milimani 1B (Kitengela Sassy Gardens)

Our new and discounted project is the Kitengela Milimani phase 1B that is subdivided in to 59 eighth of an acre (50ft by 100ft) with ready titles. Enjoy discounted prices until 16th June 2018

Book your free seat here and bring along friends and family.

Join us to this amazing project that is prime for development with water, electricity and 24hr security on site. For more details

Dinner for 2 or Fuel voucher

HOLIDAY OFFERS!! REWARDS FOR CASH PURCHASES

We are extending to our customers a Holiday Offer which will run from 13th Nov. 2017 – 29th Dec. 2017 for Kona Baridi and Kiserian phase 3 plots.

Terms of offer:

  • It applies only to Kona BAridi and Kiserian phase 3 plots
  • Enjoy Dinner for 2 at Sankara Hotel or Fuel voucher worth kshs. 10,000 for each plot fully paid in cash
  • Payment plan of 6 equal monthly installments (No initial deposit required)

 

Applicable cash prices for the two projects are:

  • Kona Baridi – kshs. 360,000
  • Kiserian – Kshs. 350,000

 

Open Day, Kitengela Milimani phase 3

We bring to you the serene Kitengela Milimani Phase III.
These plots are ideal for building own residences for immediate occupation or building houses for sale. They are 50ft by 100ft (eighths) in size with freehold titles. It is located in a safe location and demand for housing in this area has been rising. It is an area with beautiful houses and developing at a fast pace.

Enjoy the free transport and let’s take you to your next investment.

    Location of the plot

– 3.5 km off the Old Namanga road
– Located in the Milimani estate of Kitengela
– Close to Orchad School, Kitengela International School and Thorngrove School among others
-It is close to many amenities such as hospitals, shops, churches

    This property is ideal for:

– Those looking to develop their own houses and settle
– Those in real estate looking to develop houses for sale
– Investors, factoring price appreciation as Milimani is one of the preferred estates in Kitengela

    Services

-The electricity supply is a few meters from the plots
-Piped water also runs a few meters from this property
-The plots are easily accessible via a murram road, proposed for tarmac

7 THINGS TO CONSIDER BEFORE BUYING LAND TO BUILD A HOME

In looking at land, there are many questions to answer before making an offer. Here are the 7 Things to Consider Before Buying Land to Build A Home

#1: Remember: It’s All About Location, Location, Location

This is, above everything else, the most important consideration when buying a plot. Aside from just choosing the right location on a macro scale (i.e. the side of town you want to live on), it’s also important on a micro scale as well: for example, if your lot is part of a bigger real estate subdivision, is it going to be on the side that has a nice view, or the side that’s right next to a highway? If you have children, you’ll want to think about nearby school districts. If you are still in your working years, you’ll also want to make sure you don’t build a house that’s so far from work that you have a commute time that’s longer than you like. If you are retired or retiring, you may want to look into nearby community amenities including medical services, recreational facilities, clubhouses, fitness centers, etc..

#2: Try To Picture Your Neighborhood in 5-10 years

The biggest mistake I see people make when they buy real estate land is that they often get into a “house fever.” By house fever, I mean they fall in love with some aspect or feature of the property that they forget to ask some of the biggest questions.

For example, when buying an existing home for clients, sometimes I have to ask them, “There’s a railroad track right behind your house. Will you be able to go to sleep with a train passing by outside your bedroom at night?” When helping clients buy a lot to build a home on, I often have to help them ask the question “is there any chance a major street could end up adjacent to my property?

If you buy a lot in the middle of a beautiful, pastoral area with lots of room and gorgeous green grass, is there any chance the people who live next door might build a Motocross track and race motorcycles and Go Karts all hours of the day? Could it be the stack of hay bales your neighbor has all in a row at the end of his property means he has a shooting range? Some of these things may not be evident upon first glance, so it’s worth taking some time to research.

#3: Know The Property’s Setbacks

What are the setbacks on your plot? (If you are not familiar with the term, “setbacks” are the guidelines that state how close to the border of your property you can build.) Your local building department or owners association will have the answer to this question, and it may affect where you put your house; on smaller lots, setbacks may even dictate the size of the home’s footprint.

#4: How Will You Get Utilities and What It Will Cost?

Making sure that you understand exactly how you are going to power your house and take care of water and waste is very important, because these items can be a deal-breaker in some cases. Before you actually complete a purchase on a lot, you’ll want to know exactly how you are going to get access to the following:

  • Water (either from a utility company or from a well)
  • Waste (either septic or sewer)
  • Power
  • Gas (either from a utility company or from a propane tank)
  • Phone and Internet service

#5: Natural Resource Rights: More Complicated Than You Think

Depending on where you live, there may be certain rights on the lot you are interested in buying that are held by a third party which you may not even be aware of. For example,

  • Water rights
  • Mineral rights
  • Timber rights
  • Access rights

With water rights, just because your land has a river, or stream, or creek, or even a small pond on it, that doesn’t necessarily mean that you actually own the rights to the water. Not only that, but you may be restricted in how you use your land if there’s water near it. For example, if you live right next to a lake that is used for drinking water, you may not be able to raise livestock on your land due to the possibility of contaminating that water with cattle waste. So if you’ve got your heart set on raising cattle, you better check first.

Mineral rights are easy to gloss over when signing a contract, because you might think “this will never affect me,” but you’ll want to be cautious

Timber rights are just like mineral rights: if you buy a lot in the forest, will you own all the trees? There may be some circumstances where a third party owns a timber contract and therefore has the right to come onto your property and harvest a certain number of board-feet each year.

Access rights can also be tricky. It is possible to buy a piece of vacant land to which there is no way to access it without trespassing on someone else’s land. If your land is surrounded by land owned by a private or government entity, and there is not a recorded agreement to allow you to walk, drive, or otherwise get to your land, you may never be allowed to legally set foot on it. Other access issues may be a public or conservation easement on or near your property.

#6: Find Out Who is Responsible for Maintenance

Who is responsible for maintenance in the surrounding area? If you live where it snows, who is responsible to plow the snow off the access roads in your neighborhood? There are many potential answers: it could be you the homeowner; a homeowners’ association; the county; or even the city. What would happen if you are out and about snowplowing your driveway and you accidentally nick the curb on the sidewalk? Are you going to be fined by your municipality? You should find out before buying the lot.

#7: Don’t Forget Zoning & Restrictions

Finally, you’ll want to know all about the restrictions on the property. Are you buying land in a community that has Covenants, Codes and Restrictions (CCRs)? Is there an Architectural Control Committee (ACC) that you’ll have to run your design and landscaping decisions by for approval? You’ll want to make sure you know this before you buy the lot, and certainly before you start building.

Zoning is important as well: some areas have land that is zoned for either commercial or residential use. You probably don’t want to build a house where you’ll end up with a gas station as your next door neighbor… but even if you are in an area that’s zoned for residential homes, is it zoned for more than one structure? If you want to build a barn, a detached garage, or a “mother-in-law cottage” behind your house, you’ll want to make sure your lot is zoned properly for this, and finding a lot with this kind of zoning may be more difficult than you think.

 

9 TIPS FOR BUYING PROPERTY WITH LITTLE OR NO MONEY

Many folks, whether Preppers or not, dream of having their own special patch of land where they can settle in, raise a family, grow a garden, and simply take joy in knowing that the earth they stand on is all theirs.  Whether you dream of homesteading as I do, or merely want to homestead in place, achieving that dream can seem daunting, if not impossible, if cash is short.

Today I hope to help you out make that dream come true with some tips for buying property when money is scarce.

Property-Buying Tips When Money is Scarce

Here are some tips to follow for buying property with little or no money when you are ready to start looking for your piece of ground.

  1. Have some money. I know this sounds contradictory, but you really are not buying with little or no money. You are buying with little or no money all at once. The term earnest money refers to the part of the deposit/down payment you give with the offer
  2. Look for listings that have been on the market for a long time. A seller who has not sold his property after a year or more on the market is more likely to be creative with you than the seller whose property was listed last week a good example is Kimisitu investment
  3. Look for OWC (owner will carry) or OMC (owner may carry) in the listing.Either way, this means that you will not have to go through a bank. If the seller has done this before, he may not even require a credit check. He will be holding the first deed of trust on the property, and that’s all he really needs. If you default, he is first in line to get the property back.
  4. Ask for a delayed closing.The worst thing the seller can say is no, but he may be willing to delay closing past the typical 30–60 days. Any amount of time he delays is more time for you to get the rest of the funds you need to close. Time really is money. Also, use this time to search for the property lines and corners. If you can find the pins at all the corners, you may not want the added expense of a survey.
  5. Ask for unlimited access to the property before closing.This tactic usually works well with raw land, but don’t expect it to work with a house or cabin on the property. Unlimited access will allow you to camp out on the property while you save more money for closing.
  6. If the property has a cabin or a house on it that is unoccupied, ask the seller to rent it to you for six months and have 80 percent of the rent go toward the down payment. This tactic has also worked for me when purchasing houses. In the past, I have also negotiated for 100 percent of the rent for six months to be applied toward the down payment. That’s like living rent free for six months!
  7. Know what you are willing to compromise on but ask for it all. You never know — you just might get it.
  8. Remember the statute of frauds.Simply put, this legal principle means that anything and everything you think is a part of the deal must be in writing and signed on the offer/contract. If it isn’t in writing, it means nothing. I have had dealings with both honest and dishonest real estate agents. Trust none of them. Even an honest agent can make a mistake that ends up costing you. Have an outline of your offer with all the points of concern written out and double-checked before you make your offer.
  9. Review the contract to be sure it covers all these points before you sign it.

WHAT YOU MUST KNOW BEFORE INVESTING IN KENYAN REAL ESTATE

There are several important things you need to understand and check before you get into a property transaction in Kenya. Like any legitimate business, there exists the very real possibility of getting swindled.
To avoid complications, it is first important to check the validity of the title deed, the zoning of the property and whether the land rates and taxes have been paid up to date. It also necessary to check if there are any caveats against the property or any pending disputes on ownership.
After all these check out, the process of purchase is pretty straightforward. But if you are new, it will save you a lot costly mistakes to enlist the services of a qualified legal counsel.
Then there is the issue of financing. If you choose to get a loan or a mortgage to finance your property investment venture in Kenya, be sure that you fully understand exactly how much you are going to pay back. Flexibility on the payment terms is a very good thing.
Finally is the consideration of security and insurance. Real estate investment, as any other asset, should ideally be insured. Shop around for the best insurer, and make sure you understand the terms, especially the fine print. See an article from the Daily Nation Newspaper  Property Market

Property investment options in Kenya
Now that we know that investing in real estate in Kenya is a great idea, and we know what to look out for so as not to make mistakes. We can look at some ways one can invest in property in Kenya.

1. Buying land
The most popular real estate investment avenue in Kenya is Land. Investing in Land in Kenya is appealing simply because once you buy, you really don’t have to do much, most people buy and wait then resell later at a profit. As the real estate mantra goes, don’t wait to buy, buy and wait.
There are a several ways to add value to this sort of investment, such as fencing it, connecting power and water lines and building an access road. As with many real estate investments, location is always King.
Of course the option of developing the land is available, and depending on what one chooses to build and the location of the property, different levels of revenue can be obtained.
2. Building residential property in Kenya
Residential property is another property investment avenue in Kenya. Actually if one has the finances, one can buy land, build residential units and choose to sell or let. This strategy offers higher returns but requires a lot of expertise and is capital intensive. There are ways of making this work better by using different building technologies.

3. Commercial Real estate
Finally we have the option of investing in commercial real estate. Not known to many people, commercial real estate offers more reliable income than residential property investment in Kenya. This is because the lease agreements with the tenants is usually for periods not less than five years and with a rent increment clause that ensures the owner gets incremental income from the property over the lease period. This is also capital intensive and requires a degree of expertise.
Now that you know where to start, you can have a look at kimisituinvest and have us start you on your way to making it big by investing in property in Kenya.