A home is one of the largest purchases you’ll make and a lifetime commitment.

Whether you’re buying to invest or live in your new home, get smarter about the home-buying process in Kenya with our useful guide

LEARN

• Study the location that you want to move into. The choice of location depends on your goals. Are you a homebuyer or an investor?
• If you’re an investor, contact us to identify which areas have the best rental yields and value for money
• If you’re buying to live in your new home, contact us to identify which areas are most affordable for your budget
• Know the neighbourhood and available amenities- schools, shopping centers, hospitals and recreational areas
• Compare the developer’s offerings with past construction projects
• Look for institutional developers. They are mandated by their established brands to deliver as promised and are more subject to stringent rules and regulations

FINANCE

• For a purchase as large as a home, knowing how much to spend is half the battle. Look out for:
• Opportunities to earn more interest on your savings. The more you can put down for a deposit, the less you need to borrow on a mortgage or finance with a payment plan
• Payment plans that give you added flexibility
• Speak to our advisors about how our investment solutions can help you meet your needs. We want to be part of the conversation
• Reserve early (off plan) to lock in a low price

DECIDE

• What works best for your family depends on your situation and future needs
• If you like to entertain guests for example, you need a larger home

CONFIRM

• It is wise to engage your independent counsel to review the legal agreements associated with buying your home
• Perform title due diligence to confirm that the seller owns the home you want to buy
• If your purchase is within the Defects Liability Period; engage an inspector to ensure that your home is in the condition promised by the developer

WAIT

As you wait to move into your new home:

• Check back with the developer often for updates on construction progress
• If you are purchasing with a mortgage, check with your relationship banker and lawyer frequently to keep up with the mortgage issuance process

ENJOY

• Pack up and move into your new home.
• Engage a moving company to take the stress out of moving house
• Call your internet and TV service providers about moving your service to a new home. Most developers will have the necessary infrastructure in place