FACTORS THAT IMPACT LAND VALUE

Different properties have different values. Land value is dictated by different factors as stated below. These factors are not the only ones that impact land value but they happen to be some of he most important.

  • Location
    Location of the land is a bit obvious but it is one of the most important factor. Different land types require different location to get their highest value.For instance land properties near the road have higher land value than properties located away from the road same to properties located near social amenities

  • Social Amenities
    A property with amenities like water and electricity included cannot compare to a piece of land without in terms of value and pricing. At this day and age getting a property next to social amenities like hospitals,schools,banks and shopping malls

  • The Stock Markets
    When it comes to the economy, everything is connected. In a strong market (like our current one), people have more money to:Invest in land and Buy more produce/meat
    In bad markets, there are many more sellers than buyers, which drives prices down.
    Keep in mind though, that the land market does not always look like the stock market.So, while the stock market can be a good indicator, it is just one of many factors.

  • Type of soil
    Soil type impacts everything from what you can grow to what you can build.
    To find out what type of soil your land has, consult an expert in your area or get a soil test done.
    “The soil test lab report provides valuable information on the makeup of the soil, its pH (acidity or alkalinity), and cation exchange capacity (CEC).CEC is a determination of the ability of the soil components (primarily clay and humus) to allow for the absorption and transport of soil nutrients from the soil to the plant roots. It is essentially a measure of the soil’s ability to hold nutrients and feed the plants.”
    Land Use
    Picture a remote plot of land with sandy or clay soil, all the machinery to make wine, and great irrigation and drainage. If you use this land for a vineyard, the value will likely be much higher than if you use it for hunting land.
  • Finding the highest and best use for your land is an important step to increasing value. Make sure to find an expert land consultant when identifying your property’s most profitable use.

SITE VISITS ARE IMPORTANT.HERE ARE SEVERAL THINGS TO LOOK OUT FOR

Once we hear our investment company launch a new project it is a joy to the investors which makes most of them rush into buying the property without having a view of it especially it the piece of land is in areas that were in your bucket list.Going online becomes the other avenue for researching about the piece of land after interviewing a sales executive in the company. We review photos of the land, looking into nearby spots for social amenities and outdoor activities like fishing, hiking or boating.

It is very important to visit a property before you purchase it, unless you’re a neighbour or already know the property well. The key in making a successful purchase is being confident that the land is a good match with what you are looking for, which means you should see it.

With all this in mind here are some of the things to look out for:

  • Look at food sources, tracks, and water sources to learn more about the quality of wildlife on the property. This will help you determine what steps you may want to take to improve the property over time, while assessing its quality for hunting now.
  • Make sure the property is accessible for the activities you plan to do. Will the entrance roads be passable after a lot of rain? And will the access be sufficient if you decide to build on the property?

  • Check out if the property is a lease property or freehold property. Leasehold property is leased for a period of some years which is renewed when the lease expires while freehold property is owned perpetually.
  • Classification of the land. Is the land agricultural,residential,commercial or government land

  • Check out neighbouring properties. This help in gauging the potentiality of the land
  • See how close utilities are.Even if a map shows that electricity is nearby, you’ll need to see if there would be any challenges in getting power to your home site.
  • Location of the property. How far is the property from the town centre?

      If you are interested in buying a property in 2019, it’s a good idea to start the process now. Find a reputable company that specializes in recreational property sales. Do your homework online, but also go ahead and work with the company to narrow your choices and schedule a visit to see the top sites in person.

      The process can be done quickly and efficiently, but don’t take shortcuts. After all, you will want to find the perfect property for you and your family and friends. So seeing the property and learning everything you can about it is important.

LEASING LAND FOR ADDITIONAL INCOME

Leasing land is a great avenue for additional income.A recreational lease is an agreement between a landlord and the tenant to participate in a recreational activity on a property of land for a certain period for a fee.Money gained from leasing land for recreational purposes can serve as an extra source of income.
Leasing land is a perfect way of having peace of mind especially for landowners who buy land for speculation in areas away from town. It guards against trespassing, theft, vandalism and illegal dumping.Recreational leases can include opportunities for hunting, fishing, camping, hiking, bird watching, photography and more. Recreational leases are customizable. A landowner should tailor a recreational lease to fit within or supplement their individual goals for the property.

Some qualities of recreational leases that can increase their value are proximity to home, multiple recreational activities available, abundant wildlife, trophy animals, comfort (i.e., a place to stay), roads to easily access the property, little competition from others, friendly lessors, communication of farm activities, guest privileges and opportunity for participation in wildlife management practices.

If you choose to lease your property for recreation, develop a written recreational lease agreement signed by both parties. The lease agreement should define the rules for the lease, protect the interest of both parties and avoid misunderstandings. However, no two leases are identical. It is important to remember that leases are customizable and the lease contract should fit within or supplement the goals for the property.

ANNUAL GENERAL MEETING-13TH APRIL 2019

NOTICE is hereby given that the 8th Annual General Meeting of the Company will be held at St Andrews church, University way, Nairobi on Saturday, 13th April 2019 at 8.00 am to transact the following business: –

Agenda

  1. To note the presence of quorum and meeting properly constituted
  1. To read the notice convening the meeting and table the proxies received
  1. To confirm the Minutes of the 7th Annual General Meeting held on 21st April, 2018.
  1. To deal with matters arising from these minutes.
  1. To consider and adopt the audited financial statements for the year ended 31st December, 2018 together with the Directors’, GM’s and Auditors’ Reports thereon.
  1. To note that the Directors do recommend the payment of a dividend in respect of the year ended 31st December 2018 at the rate of 6%.
  1. To approve the director’s remuneration for the year ended 31st December,2018.
  1. To elect two directors in place of the retiring directors, Mr. Stanley Gachui who does not offer himself for re-election and M/s Lucy Mwangi, who retires and being eligible, offers herself for re-election.
  1. To discuss any other business of which due notice has been given at least 48 hours before the meeting.

BY ORDER OF THE BOARD

CLEARING LAND

Clearing land has many benefits to the owner and land is cleared for different purposes like building a home, planting or grazing. Despite the reason, clearing land can look like a tedious job but with the right tools, plan and budget it becomes an easy task.

Getting the Right Tools
There are many tools that can be used to clear land and getting the right tool makes your work easier while saving on costs. This tools can be owned or rented. Land clearing tools can’t be compared to manual clearing. A track harvester, a bulldozer or a grader is the fastest way to clear land

Cost Calculation
Even if you plan on doing it yourself, there will be costs involved with clearing your land. Before starting the project, be sure you have a budget in place to cover equipment rental and hiring professionals. Determine if clearing the acreage for your intended use will make sense financially in the long term, and since issues almost always arise, have a cushion to incur additional costs if necessary.

Come up with a plan
Before clearing your land, have a plan of what you want to do with the land. If wan’t to do cultivation have your soil tested and determine the right crops to plant on the piece of land. If grazing is he plan make sure to have adequate space and climate that will favor your plan. If you want to put up a structure have the right information of how deep you are going to excavate the land and also ensure there is proper zoning.

LAND BUYING CHECKLIST-TAXES, ZONING, LOCATION

After doing due diligence to make sure the land satisfies all your needs and it is clean. You move to the next considerations of buying land.

Zoning

Zoning is a system of land use regulation in various municipalities which in practice designates permitted and “extent of uses” of land based on mapped zones which separate one set of land use from another

Zoning regulates building height (how many levels one can built), plot coverage and ratio, similar characteristics or some combination of these.Local Governments use zoning as a permitting system to prevent new developments from harming existing residents or businesses and to preserve the quality of a community. Zoning laws affect the value of your real estate property. There are three main zoning classifications:

  • Residential: This applies to residences and multi-family dwellings.
  • Commercial: This usually applies to office blocks and businesses.
  • Industrial: This normally applies to manufacturing shops and plants.

Zoning laws vary from town to town so make sure you know the zoning restrictions on any real estate before you invest. The purpose of zoning laws is to specify what types of dwellings or businesses may reside in a certain area. 

Zoning laws may change and a real estate investment that is zoned ‘commercial’ or ‘residential’ today may be rezoned for another use in the future.If you invest in real estate for rental purposes, your tenants may cause zoning problems if they change the use of the rented facility. Tenants who convert their homes may unknowingly violate zoning laws, so it is very important to have a clause in your lease agreement stating what can and cannot be done on your rental premises.

Ordinances

Another way that zoning laws may affect your real estate investment is when zoning is changed from one class to another. If the zoning is changed from residential to another class such as commercial, this can mean a higher property value, which means more value for your investment.

Before buying a property, it is important to talk to an expert at Housing Finance who will explain to you how municipal laws will affect your property. The experts will let you know, for example, if in five years your beautiful views will be replaced by a highway or a high rise development. Zoning regulations will indicate what may be legally constructed in the surrounding area.A variety of ordinances will also affect the placement of your new home on the lot. Regulations will specify how close you can build to the property line, roads, rivers and lakes. Easements for electrical and telephone poles will limit the space you have for building your home. Unless the property is in a development of suburban tract homes, there may not be easy access to electricity or public water lines.If there are no municipal sewers, you will need to know where you may legally place your septic system.Zoning may include regulation of the kind of activities which will be acceptable on particular plot such as open space, residential, agricultural, commercial or industrial; the densities at which those activities can be performed from low-density housing to high-density buildings; the height of buildings, the amount of space structures may occupy, etc.

Lease agreement It is very important for an investor to know the zoning requirements of any property before they invest. Find out from a Housing Finance expert what these laws and requirements are and any proposed changes as this can save you a lot of money and aggravation through costly and time consuming mistakes.In addition, ensure that your lease agreement states what activities are allowed or not allowed on the rental premises. Find out what the other properties in the same area are zoned.

Location

The location of the land is an important consideration. The owner’s primary use, whether it’s for investment, recreation, a second home, or a blend of these uses, will dictate where the property is located.

For those seeking a recreational get-away that can be visited on the weekends, many buyers try to limit the travel time to about a half day’s drive. That way, one can sneak out of work on a Friday afternoon, drive about four hours, and be grilling steaks on the deck over-looking Lake Margarita by dinner time. Other buyers, seeking more remote retreats, may only need to have a local airport within an hour of the property with someone local to drive them the rest of the way. Keep in mind that “remote” has many meanings and is sometimes more of a feeling than an actual geographic location. Timberland investors who may need to visit the property once a year can acquire tracts in any part of the country or even abroad.

TAXES

Land tax is a local tax with rates varying depending on the location of the land.
Land tax applies to land regardless of whether or not income is earned from the land. Land includes: vacant land, including vacant rural land. Land where a house, residential unit or flat has been built.
This is the tax levied on land based on:
1. The market value of land.
2. Value of land increases as it is serviced with good roads.
3. Water, sewage system.
4. Street lights and other security systems.
Once serviced the land is considered usable as zoned for settlements, industrial or agriculture.

SHARE DRIVE

press release

1360_001

Private Placement Application Form 2

Share definition

This is a unit of ownership in a company whose nominal value is contained in the memorandum and articles of association

Shares for a private company are not freely transferable but for a public company are though sometimes with conditions

Kimisitu Investment Company limited

This is a public company which was registered in August,2010 and it has been in operation since then (All public companies in Kenya must have a name ending with PLC and this has been accommodated by our company)

Purpose of the Placement and Rights issue

The purpose of the offer is to enable Kimisitu Investment meet the investment capital requirements necessitated by the strategic plan of constructing residential units for rent/sale that will serve as income generating to the company. This will result to higher returns for the shareholders.

Kimisitu Invest purchase of shares (this can only be done by the following categories)

  • Kimisitu sacco
  • Kimisitu sacco members
  • Kimisitu invest existing shareholders
  • Members of public through joint ownership with qualified potential shareholder

The shares are transferable to the following;

  • Kimisitu sacco
  • Kimisitu sacco members
  • Kimisitu invest shareholders
  • Through transmission by the court to the listed next of kin (s)

Pricing

The Private Placement and Rights Issue of 2,002,682 New Ordinary Shares Fully Paid At An Offer Price of KES 18.25 and KES 16.65 In The Ratio Of 1 New Ordinary Shares For Every 10 Ordinary Shares Held respectively

Reasons to purchase shares of Kimisitu Invest

  • Gain of dividends. Every shareholder is entitled to dividends as at and when they are declared. This is based on the number of shares one has and done on a prorata basis
  • Capital gains. When the company started operations shares were going for KES 10 as the Nominal value. This has increased over the years to the current price of KES 18.25
  • The company has an in-house market which enables a shareholder to dispose of their shares to ready buyers whenever need arises
  • Tax savings. The dividends are exempted from 16% VAT only 5% withholding tax is applied
  • Chance to become a director. For one to be a director, you have to be a shareholder at Kimisitu Invest

How long will the shares sale last

This will take four months running from 1st December, 2018 to 31st March, 2019 (this can only be extended if all the shares are not fully sold out)

 TRANSFER OF KIMISITU INVEST SHARES

Procedure

After receiving all the filled share transfer documents the receiving officer should check the following;

  • All the forms have been signed by the seller and the buyer and they should not be dated
  • Copy of ID,PIN and passport sized photographs should be attached for both
  • The commission has been fully paid up by both the buyer and the seller
  • The original share certificate(s) has been attached
  • The buyer must be a member of kimisitu sacco and the relevant form must be signed by sacco
  • The forms which need to be witnessed has been witnessed by the authorized KICL staff
  • The above should be send to the registrar and the auditor for processing
  • Once registrar issues new certificate this need to be sealed and KILC office and issued to the client immediately
  • Once the above has been completed the same need to be communicated to the accounts department for system adjustment of shares

 

REASONS WHY YOU SHOULD INVEST IN KITENGELA

Kitengela is a cosmopolitan peaceful town located 30 km from Nairobi County. 15 years ago, Kitengela was a dusty small town where pastoralist Maasai grazed and slaughtered their livestock in a group ranch. Later the ranch was subdivided among members for encouragement purposes of owning land privately. Since then Kitengela has been growing vastly to a mini metropolis. This is vividly seen by the residential and commercial development projects sprouting up in the area each day.

Its location makes it a suitable place to build a home. It offers pocket friendly house rents and it’s proximity to Nairobi, Kajiado has been generally undergoing a property boom since 2011 and is still going strong.

Here are some of the advantages of investing in Kitengela;
  • Developed Infrastructure

Kitengela is well served with tamaced roads, electricity, water and sewerage facilities. Majority of settlements are located on both sides of the main Highway with further developments in the interior. Kitengela boasts of very many industries and factories like many cement factories, Export Processing Zones are found in Kitengela, very many textile industries are found here and all this offer employment opportunities, hence an investor can come up with a real estate plan and house the surging figures of employees.

  • Social Amenities

All major banks, supermarkets and fast food joints have become residence of this vibrant town. It has become a mixture of cultures from all over Kenya and has become the favourite destinations for Nairobians interested in buying real estate.

Kitengela has more than 15 banks, 6 or more health facilities, 3 major supermarkets,  two police posts, just kilometres apart though one is in Athi River,  a D.O and Chief’s office all in the town.Banks like National Bank, Co – Operative Bank, Standard Chartered Bank, Rafiki Microfinance Bank, Family Bank ,Jamii Bora Bank, Bank Of Africa ,Faulu Bank, Barclays Bank, Kenya Commercial Bank and NIC Bank are just some of the major banks in the town.

  • Economic Growth Stability
Kitengela’s economic growth is stable hence that’s why many people are rushing to invest there. With a stable increase in land prices, increase in the number of residential flats, increase in entertainment spots like hotels and pubs, and a general population explosion shows that people are fine with this town’s economy.
The general  living cost in Kitengela is not as high as in many towns as even those earning below 15,000/- can manage to live a “honourable” life here.
  • Presence of Learning Institutions

Land in Kitengela for family use is suitable and makes the learning process a smooth journey from Nursery all the way to university. With different schools offering different curriculum’s, your child’s learning process is assured. Schools like Kitengela International School, Acacia International Schools, St Monicah,Orchard School, Kitengela Girls, Kitengela primary,  KCA university, East African University, Ummah University among others.

Kajiado county stands out because of it’s fast rise from a small dusty Maasai town to a developed town.Well, with all that in mind, you now know in a nutshell why you should invest in Kitengela, whether commercially or private/residential.

BENEFITS OF BUILDING A CONTAINER HOME

 

Finding that dream home is an exciting process. However, it can also be tough and tiresome. Many are times that we search for that property that looks stylish, feels comfortable and is located in a cool environment and is affordable.It is a tough search to find a property that suits your need. This is reason enough to build the home you want in your own desired location.

On the other hand, building a home with traditional building methods is quite costly. If you are considering a comfortable and affordable home it is best to consider shipping container for a home. Yes, that’s right, shipping containers are being used to build people’s dream homes. As crazy as it sounds, shipping containers provide an unconventional, yet effective way to build an incredible home at the fraction of the cost of traditional home building.

Container homes are a fantastic building material, and when used appropriately, they offer several advantages over traditional construction materials and methods.

Here are reasons you should consider building a container home.

  • Easy to Use and Construct

Although it may not appear so because of the durable and strong design, shipping containers are very easily modified. You can attach multiple containers, build in doors and windows, and modify the interior and exterior all very easily. This is one of the reasons so many people are building homes with containers. Because they can be stacked on top of each other and put together without much difficulty, there is almost no end to the architectural creativity that is possible.

  • Affordable

Perhaps the most advantageous reason to build a shipping container home is the cost. Shipping containers provide the space, materials, and functionality of a house very cheaply compared to traditional building materials. Even if you were able to build your home traditionally at cost, you would still be saving money by using a shipping container

All that extra money could be applied toward upgrades in your design. You truly would be able to build a dream house without having to cut corners or break the bank. While shipping containers themselves are relatively inexpensive to purchase, modifying shipping containers into houses is very affordable as well.

Fast Building Time

This is one of the greatest benefits to using shipping containers for your new home. Building a house the traditional way can take up to 2 years.This is not the case or shipping containers which can be done in 2 months or even less. With shipping containers,the basic structure of the home is already in place so, there are much fewer building materials to be acquired and assembled.

Once the shipping containers are shipped to your location, the building process has already started.This makes the whole process easy.

Beautifully Designed and Durable

Shipping containers are designed to hold large amounts of cargo safely and securely. They also are built to be stacked on top of each other on cargo ships. Because of these factors, shipping containers are incredibly durable and strong. When using shipping containers to build a house, you can rest assured that your home will be able to withstand anything. Weather will be no concern against a shipping container home.

The simple box design of shipping containers also lends handily to home building. They are able to be modified, already built at comfortable heights, and have a pre-built level of insulation. It is no wonder shipping containers are used for homes and even offices.

Portability

Since shipping containers are already designed to be, well, shipped, they are easy to transport. Their unique size is specifically tailored to be carried by large trucks and transported regularly down roads and highways. This is a huge benefit when you are building your home as you can get them delivered quickly and painlessly.

Also, once your home is built, you can move it easily if you like. If you are keeping your design simple and using one container to build into a home, then transporting and moving that home are easy. Just load it up onto a trailer and you good to go.

 

There are far more benefits to using shipping containers to build a home than mentioned here. The point is, you can quickly, easily, and affordable build a unique and beautiful home using the architectural wonder that is the shipping container.

Continue reading “BENEFITS OF BUILDING A CONTAINER HOME”

KITCHEN REMODEL CONSIDERATIONS

Well, they say Home is where the heart is and the place where we spend most of our time is in the kitchen preparing meals to be it breakfast, lunch or supper. A kitchen is more than just a stunning back splash and gorgeous cabinets.Putting thoughts when planning for your kitchen remodel for more functional space and comfortable environment to work in is key

A kitchen remodel is not an easy project. It needs so many things to be put into consideration and if you do not get them right, it is possible to end up with a kitchen that is difficult to use. Well having a list of considerations you should have in mind in order to make kitchen remodeling a success makes kitchen remodeling a walk in the pack.

The below considerations might be a few tips to kip in mind just in case you are thinking of having your kitchen remodeled today or days to come.

Kitchen layout

Do you look at your kitchen layout and just get bored of spending more time in your kitchen? Then, this may be the perfect time for you to consider changing the layout of your kitchen. Kitchen layouts are available in plenty from single line kitchen layout to L-Shaped, U-Shaped, and G-Shaped. For a simple layout, the single line kitchen is easy to go by. When choosing your kitchen layout, make sure you put a proper kitchen triangle in place in that you keep distance between the refrigerator, sink and cooking area

Hiring a kitchen designer

Does remodeling your kitchen need you to hire a designer or not? The person who will fix your kitchen cabinet is different from the person who will fix your kitchen floor or wall. This means that when a cabinet designer gives you advice on your kitchen floor he/she might not be right and the idea. A professional kitchen designer is a person who will be able to give you the right advice from the start by reviewing your kitchen and suggest the most effective change you could make. You might be asking yourself how much it would cost you to higher a kitchen designer? This all depends on your budget and the kind of design you would want for your kitchen which also involves the materials that need to be bought.

Repairing the floor

Kitchen floors are mostly exposed to spillage and stains especially during food preparation and when washing utensils compared to other rooms. Having your floor repaired is an important consideration. But before you have your floor repaired, take a closer look and search for cracks and stains that serves as enough reasons for you to repair your floor. Alternatively, if your floor is not worth repairing you might consider replacing it completely with choosing the best options like tiles

Sink Replacement

The sink is one of the most important part of your kitchen. Therefore an obvious thing to think about when doing your kitchen remodeling is whether you should have your kitchen sink replaced. A sink with a good scrub and constantly unblocking it gives it longer life and therefore chances of replacing it are minimal. For a sink that has rust using an acid cleaner is a safe bet with obviously covered hands to avoid the acid from burning you. On the other hand, if your old sink becomes impossible to clean then you are left with no option other than replacing it.

Kitchen Painting

Paints in houses wear out with time. It is hard to accept that after spending alot of money on house finishing that houses start to wear out and look old with time. A fresh coat of paint is something that gives any room a new and fresh look. Painting your kitchen is something to consider when doing a kitchen remodel. You can always go for the same color you are using  or a different color to give your kitchen a new look. It is also important to look into if you can do the job for yourself or you need a professional for you.

 

The above considerations will help you when you are planning your kitchen remodeling project. Worry not about the time the whole project will take since the end product will be what you have always desired.

Wishing you all the best in your kitchen remodeling project.