10 REASONS WHY YOU SHOULD BUY A HOME IN A GATED COMMUNITY

10 REASONS WHY YOU SHOULD BUY A HOME IN A GATED COMMUNITY

A gated community is a form of a housing estate or residential community that is guarded and enclosed within walls or fences. If you are someone who fancies having a quiet life equipped while still having access to all the modern facilities, living in gated communities could be the right choice for you. Living in such private communities has its benefits, which make it a desirable choice of residence. So today, we bring you some of the benefits of living in a gated community that might get you to consider buying a home in such a place. 

1. SAFETY AND SECURITY

One of the biggest attractions to living in a gated community is safety and security. The idea of gated homes is to be in a closed-off and well-guarded surrounding. Gated communities usually have fixed entrance and exit points, that are either manned or have electronic security. This means that only verified residents and guests can enter the community. The guards at the security gate ensure that trespassers or thieves do not get anywhere further than the gates. There will also be CCTV cameras for 24/7 surveillance, electric fences, and so on.

2. EXTRA PRIVACY

Gated communities offer extra privacy and exclusivity from the outside world as the community only gives access to residents and verified guests. You can have your own space away from any hustle, intruders or trespassers. This kind of exclusivity makes gated community living so desirable. 

3. A SENSE OF COMMUNITY

The sense of community in a gated residence will make you feel cared for and secure. Often, there is a sort of unspoken understanding between the residents. Many of the communities also hold community events or festivals for the residents to gather together and enjoy. The controlled communal facilities help you to get to know your neighbors, which results in a sense of familiarity and trust among the residents.

4. INTEGRATED LIFESTYLE

Another benefit of living in a gated community is the well-integrated lifestyle facilities that it provides.

Gated communities have shared communal facilities such as a basketball court, children playing ground, swimming pool, gym, and many more. It makes for a comfortable living that is desirable to most buyers. 

5. NO SOLICITORS

Gated community living keeps away trespassers. No more annoyance from solicitors.

The fact that you can restrict or allow entry to whoever you want into the community makes it a safe place from solicitations. This increased sense of freedom and control is a great plus to have and can save you from the havoc and frustration that come from solicitors such as salesmen or unauthorized people asking for donations.

6. NO TRAFFIC OR SPEEDING VEHICLES

The exclusivity in gated communities means everything is controlled. For example at Nakuru Meadows, over speeding or hooting is not allowed, drivers are asked to drive at 5kmh.

The constant bustle and noise of traffic is not something you will have to worry about. Life in a gated community brings a wonderful sense of peace and quietness away from the usual city buzz of today’s technology-driven world.

8. ECO-FRIENDLY LIVING

You will enjoy eco-friendly homes when you buy a home in a gated community. This is because some gated communities like Nakuru Meadows use natural sources of energy such as solar panels. Each home comes with an individual solar panel. There is also an installed reverse osmosis water treatment plant that helps conserve and purify water. 

This allows homeowners to save a considerable amount from their energy bill which adds to the benefits of living in a gated community very significantly. This kind of green gated community is thoughtfully designed with a focus on energy and water efficiency. This way they promote water and electricity conservation, improve air quality, and thus create a healthier living environment.

9. A SAFE HAVEN FOR CHILDREN

Living in a gated community provides a haven for children. Children can be left outside without worry, the safety and security in gated communities are especially good for the little ones with aspirations for exploring. Since there are no open roads with moving traffic, it is safer to allow your kids to play outdoors; you wouldn’t have to worry about them bumping into strangers either. With communal areas set for the kids to play, it is also easier for parents to monitor them.

10. GREENER ENVIRONMENT

The final benefit/ reason why you should buy your next home in a gated community is that they have a greener environment. You’ll always have a breath of fresh air right at your doorstep.

Gated communities have a greener environment in general due to the absence of moving traffic or outsiders, they are far less susceptible to pollution. With its regular maintenance and controlled facilities, a breath of fresh air is guaranteed. 

Which one of these pros of living in a gated community has stirred your thoughts? Let us know in the comments below.

At Nakuru Meadows, we have a beautiful gated community consisting of 70 family homes. We hope this blog inspires you to consider living in Nakuru and more so at Nakuru Meadows.

Learn about our current prices and offers:

To visit please contact us at 0708 822 583 or 0715 856 848. You can also email us at sale@nakurumeadows.co.ke

HOW DO I CHOOSE THE RIGHT PROPERTY?

HOW DO I CHOOSE THE RIGHT PROPERTY?

Finding a new home is no easy task, there are many options on the market, but only a few that meet your needs. You deserve the home of your dreams, and that means scouring the market for the perfect property. Follow these tips to simplify your search.

1. List of Your Needs and Wants

This should be the first thing you do even before you log in to that listing site. Write down everything you need in a property including your maximum budget for a home, the preferred number of bedrooms, the indispensable amenities too, for instance, a parent will consider a property that has a kids play area for their children.

After your needs list is done, now make a list of your wants. Although you would settle for three bedrooms, you may prefer four bedrooms. On this list, include everything that’s not a necessity but would be icing on the cake it maybe a pool or even a generous kitchen yard.

2. Pinpoint Your Ideal Location

Where do you see yourself raising your kids, which location is convenient for you? Is the location dependent on the commute time? Do you want to be in a certain school district? What value factors do you consider when choosing a home?

While it’s great to pinpoint a few neighborhoods, you should also keep an open mind. There may be other areas of which you are unfamiliar. A real estate agent could help you find the best location for your lifestyle.

3. Ask Questions

When your search for a home begins, you’ll probably go to many showings. When you arrive at a new property, come prepared. Have a list of questions you want to ask the real estate agent. While the listing should give you some information, not everything will be included in the property description.

Some important questions to ask include:

  • How much is the service charge?
  • Has the house ever been occupied before?
  • How is the neighborhood?

While walking around the property, have an eye for detail. If anything looks unfinished or in disrepair, make a note of it. Although it might not be significant enough to keep you from buying the home, it could be enough for you to request for a lower price. Keep a list of all of your concerns. After the showing, express your concerns to your realtor.

4. Be Open-Minded

The secret to finding your dream home is having an open-mind. No home can meet all your needs and wants to the latter. Also, your dream home could be hiding under your nose. For instance, you might see a picture of a home that doesn’t visually appeal to you but after reading the description, you could find that it meets all of your desires. If you choose to buy the home, you could make a few changes to the home to make it more your style.

5. Work with an Experienced Real Estate Agent

Get a professional for assistance. Unless you are a real estate professional, you probably don’t have the resources and tools needed to find the right property. Looking online will only get you so far. A real estate broker has insider knowledge of the local market. They know where to look for the latest listings and can help you pinpoint the ideal neighborhood.

Also, be careful, and do your due diligence too. Make sure you get a trustworthy professional. Remember real estate agents are on a commission.

If your ideal location is Nakuru, come check out Nakuru Meadows. We have gorgeous family homes for sale and rent.  Take advantage of our amazing offers and invest in a family home you will always treasure.

Learn about our current prices and offers:

  • 3 bedroom Maisonette master en-suite with detached SQ  click here
  • 4 bedroom Townhouse all en-suite with detached SQ  click here

To visit please contact us on 0708 822 583 or 0715 856 848. You can also email us at sale@nakurumeadows.co.ke

VALUE FACTORS FOR REAL ESTATE BUYERS IN THE NEW NORMAL

VALUE FACTORS FOR REAL ESTATE BUYERS IN THE NEW NORMAL

The Covid 19 pandemic has changed our lives completely and continues to do. Some sectors have been affected adversely while some not so much. Today we evaluate how the pandemic has affected real estate values?

Do you think, Covid 19 will change your purchase decisions on property?

The Covid epidemic upheaval of social and economic norms and patterns may alter local market value patterns. As months roll on, the ways in which value is affected will become evident. How will you know where location value lies in your preferred real estate market?

Property value in residential real estate markets has traditionally been linked to four key location value factors:

1. Proximity to Work or Employment Opportunities

Traditionally, how close or easy it was to get to work determined so much where people choose to buy or rent homes.

Due to this pandemic, over 1 million Kenyan’s have lost their jobs. The ones with jobs are now working from home. This has brought about a need for people to invest in good homes as they now spend so much time indoors. The distance to work in no longer such a big deal as employers begin to change their minds, and allow employees to work from home as long as possible till a post- Covid 19 future.

2. Proximity to schools

This has long been a significant location value factor. Parent’s want to live in an area with good schools nearby. But with the stay-at-home strategy to fight Covid 19, education at all levels has moved online. As a post- Covid 19 future is unpredictable we can only wonder if this will mean a student may qualify for “virtual attendance” to a favored school without moving into that school’s catchment area or not.

3. Proximity to a popular shopping mall or business district

Shopping areas are an attraction for most buyers, but with Covid 19, businesses have been adversely affected and are struggling to survive. Some may end up closing down eventually. There has also been a shift to more home-delivery online ordering. It doesn’t matter where you live, business will now come to.

If an area becomes economically depressed and loses the ambiance of its entertainment businesses, fewer buyers may be attracted to the area, leading to a decline in property prices.

Well-known neighborhoods may change dramatically post-Covid, and buyers may no longer choose a location based on this factor.

4. Proximity to valued local amenities

As a result of the pandemic, proximity to progressive, state-of-the-art, and fully-funded healthcare facilities may become an important value factor. Will healthcare access become a significant location value factor?

Right now buyers are faced with more questions than answers. How will this pandemic affect the neighborhood you favor? Will changes to your chosen neighborhood make it less or more attractive to you? Will price rather than location matter more in a post-Covid future? To some extent, current buyers and post- Covid buyers may have a better bargain when buying a home due to reduced prices.

The Covid 19 pandemic has had serious economic ramifications around the globe. However, the Pandemic has not changed the way real estate value is determined, just the context of value.

So, what value does location hold for you and your family?

What do you want to be near? What do you want to be distant from? If what you want proximity to is what others value too, that location will carry more value and higher prices.

Perhaps your ideal location may be a less-dense, or a rural environment where social distancing from neighbors is a year-round lifestyle.

As you figure it all out, come check out Nakuru Meadows and its neighborhood, see if it’s a good fit for your family. Take advantage of our amazing offers and invest in a family home you will always treasure.

Learn about our current prices and offers:

To visit please contact us on 0708 822 583 or 0715 856 848. You can also email us at sale@nakurumeadows.co.ke

CAN’T BUY IT, RENT IT! 4 REASONS WHY RENTING IS A GOOD DECISION.

CAN’T BUY IT, RENT IT! 4 REASONS WHY RENTING IS A GOOD DECISION.

Let’s face it, not everyone can buy a home! Majority of us cannot afford to buy a home upfront and don’t even qualify for a mortgage.

According to a CBK report, there has been poor uptake of mortgages in the market, reasons cited included:

  • High cost of housing/properties
  • High interest rate
  • High incidental costs (legal fee, valuation, stamp duty)
  • Low level of income

Today, we will be sharing a few reasons why renting is not bad after all. Don’t beat yourself up if you cannot afford to buy a home.

1. Rents are cheaper than mortgage repayments

Mortgages are generally not cheaper than rents if you were planning to buy a home as a first time buyer.

The decision between, renting and buying a home is a highly debatable one. The truth is somewhere in the middle, it depends with where you are. Whether or not renting is cheaper depends so many factors like where you live, the housing market, rental prices and so on.

2. Eligibility for a mortgage

We have all dreamed of becoming a homeowner at some point, unfortunately not everyone can take up a mortgage to realize their dream.

Currently, there are high numbers of unemployment in the country and across the globe, people are living from paycheck to paycheck; only a small fraction of the population can say they have a stable monthly income.

Remember to qualify for a mortgage, you have to prove to a bank that you have a stable and steady income to ensure that you will actually be able to service the mortgage. If your monthly income is a unreliable then you are better off renting and building up your credit profile.

3. Taking a mortgage ties you down financially

Here is a fact, mortgages are not cheap and it is no secret that the interest rates can be a little uncomfortable. More often than not, if you are able to take a mortgage, it may mean that you will not be left with any financial freedom to make any other investments.

Typically, most mortgages require an initial deposit of at least 20%, but you may find some banks advertising up to 105% mortgage financing.  Whichever option you pick remember, taking a mortgage means you will be paying off a debt for as long as 20 years with the average rate of 10.5%- 18% annually varying from bank to bank. If you have a fixed monthly cash outflow, it can be very challenging trying to accumulate any savings for other investments.

Don’t get us wrong, owning a home is a great investment in the long run, but renting gives you the freedom to sink your money into other income generating investments. Investments that may allow you to accumulate enough finances to buy a home upfront in a few years or enable you to service the mortgage much easier.

4. Renting allows more flexibility

There is no doubt renting allows for more flexibility than a permanent home. For example, imagine if you had a mortgage and you got transferred to another town or got a much better job within or outside the country, relocation with a mortgage attached to your residential home can be a bit tricky.

Sometimes you may just want to upgrade to a bigger home, a better neighborhood, change scenery or simply to move closer to other amenities like your children’s school. Committing to a mortgage will therefore tie you down on where to live.

The decision between renting and buying, is a personal one and one that requires great thought. Whichever route you take, we would love to guide you through it. We have great buying and renting options at Nakuru Meadows.

Feel free to schedule a visit with us or contact us on 0708 822 583 or 0715 856 848. You can also email us at sale@nakurumeadows.co.ke

10 HOME BUYING STEPS FOR FIRST TIME HOME BUYERS

10 HOME BUYING STEPS FOR FIRST TIME HOME BUYERS

Home buying is not only a life changing moment but also a risky one especially for first time home buyers. There are so many decisions to make, so much at stake and you probably know very little about the buying process. This guide will help you through the process from start to finish.

Step 1. Improve your credit score for a mortgage.

Very few people can afford to buy a home cash, and therefore prefer getting a mortgage. As with every other loan, getting a mortgage requires a good credit score. If you have not been paying your debts on time or paying at all, it’s about time you change and get back on track.

Step 2: Start saving for the down-payment

More often than not, when purchasing a home you will require a down-payment. In most cases it’s usually about 20% of the purchase price. There are a few lenders who can grant a 100% mortgage but it’s worth doing a quick research for yourself to see if you can find any.

Step 3: Decide how much house you can afford.

They say all dreams are valid, but a reality check is equally important if not more. Knowing you want to buy a home is one thing; knowing how much of a mortgage payment you can handle is quite another. Too often, dreams and reality collide: You may be yearning for a four-bedroom maisonette with a detached sq. like the one at Nakuru Meadows but given your income and debt owed to credit cards and beyond, the best monthly loan payment you can manage is for a two-bedroom bungalow in the outskirts of town. Don’t worry if you can’t buy it at the moment just rent it.

Step 4: Get pre-approved with a lender

Lenders help you determine what you can afford when you’re buying a home. A mortgage pre-approval is a lender’s commitment to helping you finance a home up to a certain amount.

Mortgage pre-approval is a commitment from a lender to provide you with home financing up to a certain loan amount—basically, the stamp of approval that you have the money, credit history, and other credentials to buy a home up to that price.

Step 5: Go house hunting & Make an offer

With the advent of corona virus, we understand some of you may not be able to visit show houses. Possible because you’d rather stay home and keep safe or maybe you are in a locked down city. Whatever the reason is you can always have a virtual tour. But if you choose to visit the show house, kindly follow the government guidelines provided to keep yourself safe. At Nakuru Meadows, measures have been put in place to ensure visitors wash their hands while entering the property and are required to wear a mask throughout. The show house is also cleaned thoroughly and all surfaces disinfected daily.

Finally, things are starting to get real! You’ve finally chosen the house of your dreams, you absolutely love it, so what next?

Step 6: Get a Home Inspection

Typically, purchase offers are contingent on a home inspection of the property to check for signs of structural damage or things that may need fixing. This contingency protects you by giving you a chance to renegotiate your offer or withdraw it without penalty if the inspection reveals significant material damage.

Both you and the seller will receive a report on the home inspector’s findings. You can then decide if you want to ask the seller to fix anything on the property before closing the sale. Before the sale closes, you will have a walk-through of the house, which gives you the chance to confirm that any agreed-upon repairs have been made.

Step 7: Work with a Mortgage Banker to Select Your Loan

Lenders have a wide range of competitively priced loan programs to choose from, you want to select one that you can comfortable pay with ease. Selecting a mortgage is an important decision that requires precision. It’s important to have a trustworthy mortgage bankers assist you can make the process much easier.

Every home buyer has their own priorities when choosing a mortgage. Some are interested in keeping their monthly payments as low as possible. Others are interested in making sure that their monthly payments never increase. And still others pick a loan based on the knowledge they will be moving again in just a few years.

Step 8: Have the Home Appraised

Lenders will arrange for an appraiser to provide an independent estimate of the value of the house you are buying. The appraiser is a member of a third party company and is not directly associated with the lender. The appraisal will let all the parties involved know that you are paying a fair price for the home.

Step 9: Coordinate the Paperwork

As you can imagine, there is a lot of paperwork involved in buying a house. Get a good lawyer to handle all of the paperwork, conduct a title search and ensure that the seller is the rightful owner of the house you are buying.

Step 10: Close the Sale

At closing, you will sign all of the paperwork required to complete the purchase, including your loan documents. It typically takes a couple of days for your loan to be funded after the paperwork is returned to the lender. Once the cheque is delivered to the seller, you are ready to move into your new home!

Feeling more confident to buy your dream home now?

We hope so!

Discover stunning Maisonettes and Townhouses in Nakuru ready for occupation at Nakuru Meadows! Our expert team looks forward to hold your hand all through the process above.

Learn about our current prices and offers:

To visit please contact us on 0708 822 583 or 0715 856 848. You can also email us at sale@nakurumeadows.co.ke

DISCOVER NAKURU FINEST PROPERTY, NAKURU MEADOWS

DISCOVER NAKURU FINEST PROPERTY, NAKURU MEADOWS

Nakuru Meadows is located less than 15 minutes’ drive, on normal traffic, away from Nakuru town center. It boasts of exquisitely designed Maisonettes and Townhouses both for rent and sale. The first green community of its kind in Nakuru.

Direction Map

Nakuru Meadows has an array of unique features that no one would want to pass on. But first, let’s talk about the variety of homes you will find. One is a generously spaced 4 bedroom townhouse that is perfect for a large family. It consist of 4 bedrooms all en-suite plus a  detached servant quarter. Second, is a 3 bedroom Maisonette, master en-suite with a detached servant quarter as well.  All the homes come with a lush private garden both in front and at the back of the house, solar water heating, ample parking and are DSTV and internet ready. The cabro paved streets are named for easy access by the residents and visitors.

Solar Water Heating

Named Community Streets

CCTV

Private garden

The homes are safe and secure for you and your family. In close proximity is Mwariki police station.  We have installed CCTV cameras, street lighting at strategic areas in the estate and an electric fenced high perimeter wall all-round the estate. We also have well trained guards managing access to and from the property 24/7.

One of the main concerns we get from customers is the availability of water for all the 70 units at Nakuru Meadows. We have ample water supply from the borehole and NAWASCO. There is also enough storage ranging from underground water tanks with a capacity of holding 300,000 litres, an elevated water tank that holds a capacity of 75,000 litres and individual house tanks that hold a capacity of 1000litres.

 Water treatment plant system

Elevated water tank

We ensure that the water is safe for drinking and for other household needs and have therefore installed a water treatment plant system. The Reverse Osmosis Treatment plant purifies the borehole water to the standards of bottled water. The purified water from the underground water tank is pumped to the elevated water tank and then flows down to the individual house tanks through gravity.

Now, you must be wondering where will our kids play? We are pleased to tell you about a thoughtfully designed play area for both children and adults. How amazing is that? Even adults get a place to play, relax and exhale their worries away! This designated area is what we call ‘The Meadow’, you might have noticed the word in our name.

The Meadow(play area)

This beautifully grassed area we dedicated for you and your family contains a volleyball pitch, a children play area, a pergola and a gazebo (outdoor sitting areas that can also be used during the homeowners meetings and barbeque events). It also has an open area that can be used by any homeowner for a personal event with enough space to pitch a tent.

Now before you rush to give us a call to schedule a visit, let us tell you about our neighborhood. We are directly opposite the Citam Church, Nakuru. Just 21mins away is the lake Nakuru National Park, home to beautiful birds and wild animals. The fuchsia pink flamingos blanketing the shoreline are an amazing site to enjoy on a Saturday evening. It’s the perfect recreational area for your family when you want some good quality time outdoors.

Come pay us a visit and book your dream home. Our expert team is ready to walk with you through this wonderful journey.

To learn about our current prices and offers, kindly click here for the 3 bedroom Maisonette and here for the 4bedroom townhouse.  To visit please contact us on 0708 822 583 or 0715 856 848. You can also email us at sale@nakurumeadows.co.ke