Shaken by the effects of COVID-19, the world is going to be a very different place long after we emerge from the national lockdown. When it comes to selling in a post-lockdown world, buyer preferences are likely to be very different than before. Below are some of the features that might become increasingly popular as we slowly emerge from the national lockdown.


1. A comfortable designated space to work or study from home

Working comfortably = better health, continued productivity

This type of situation can only last so long before it affects your health and work

The way we conduct business might forever change now that companies have seen that they can continue operating while their employees work remotely. Home offices were once make-do setups. But, after the lockdown, buyers will be looking for a more long-term, functional space.

Whether it’s a home office, classroom, or personal gym, an extra room can serve as a designated space for family members to get some work done or to spend time apart when needed. After spending so much time at home, people will want homes with a larger floor plan. They might also shy away from open concept living spaces and prefer homes with separated living areas.


2. Space for the extended family
For many, staying home has meant staying apart, inspiring some to consider homes that could bring the family under one roof. Homes with bigger kitchens, living areas, and two master suites, or homes with separate semi-detached spaces that could serve as a second living space are likely to become increasingly popular.


3. Larger grounds & Home theater spaces

Children, parents, dogs – everyone has pent-up energy to burn these days. Private outdoor space allows room to play and a place to enjoy themselves without ever leaving home. We might even see people investing in swimming pools again once the warmer seasons approach.

But, as we consider colder outdoor temperatures, stricter lockdowns, and with theatres remaining closed, for the time being, film lovers might start looking for ways to bring the movie-going experience home. The COVID-19 pandemic has increased the demand for blockbuster-streaming services like Netflix, Disney Plus, and YouTube. It is possible that we might see increased demand for properties with dimly lit rooms or block-out blinds that could be converted into theatres.

 

 



4. Swapping the city for further out suburbs or rural areas

With movement being so restricted, city living doesn’t offer the same hustle and bustle as it used to. Many homebuyers may be rethinking their dreams of living in a big city in favour of owning a larger home on the outskirts of town, where they can take up alternative eans of earning an income. People are going to look for homes where they aren’t living on top of their neighbors.

The appeal of living in tiny apartments just to be near business hubs is likely to lessen, especially if companies continue to allow their employees to work remotely, or perhaps require employees to visit the office only once or twice a week.

 

 

 


Final words...

It is likely that we will see fewer real estate professionals offering higher levels of service post-lockdown. The season ahead is likely to be incredibly challenging in this struggling economy. Real estate professionals are going to have to work twice as hard to close sales over this time. If you’re hoping to sell your home, this is when it truly pays to partner with a real estate professional from a global brand with advanced resources and technology to help agents gain leads and generate sales.

We have options available that can serve many of these needs. Give us a call and we can guide you to some possibilities.

Give us a call or email us at:
TEL: +254 717 611 548
TEL: +254 724 729 581
hello@miamu.co.ke
We look forward to hearing from you.
- The Miamu Properties Limited Team

A fabulous home tour of this one of a kind home located in the Karen suburb of Nairobi.


Property listing details [Pricing, Amenities, Map etc] are listed HERE

For more information on this property please call Joan at +254 717 611 548 or email us at hello@miamu.co.ke.

 

4 REASONS WHY BUYING PROPERTY DURING THE COVID-19 SLOW DOWN STILL MAKES SENSE

Most Kenyans dream of owning a home in a great location. Being Kenyan, it is possible that as part of your resolutions for the new decade, you had planned to buy a property. Then just as the year got underway, COVID-19 happened! You may be wondering if you can still achieve your dream. I have good news for you. Yes, you can! This coronavirus pandemic may present a real opportunity for you as a home buyer. Here is how.

1. BETTER PRICED PROPERTY
Some property owners who still need to service their mortgages may now accept an offer that they would have flatly rejected last year. Besides, property sellers may now be more flexible, just wanting to make a small margin or even sell at cost. You may also want to look out for distressed properties that could be selling at a fraction of the original price.
According to a February 2020 report by Kenya Bankers Association, there is a rise in distressed properties making sellers reduce their asking prices. Therefore, as a discerning buyer, you may just land a home of your dreams! And, this is where a trusted real estate company becomes your best friend. With a vast network, they can help you scout for a competitively priced property.

2.YOU HAVE TIME TO PREPARE YOUR PAPERWORKAs you wait for the COVID-19 dust to settle, you could be getting your paperwork in order. Work with your lawyer. Get a checklist of all the requirements and begin to get ready. Most property transactions financed through mortgage require you to produce bank statements, passport size photos, copies of identification cards, among other documents. And with most banks having embraced e-banking, it’s easy to get your bank statements from the comfort of your house. All you need is to log into your account and download them in readiness for the transaction.  Also, check with the credit reference bureau to ensure that you are not blacklisted and take appropriate action if needed.

3. BANKS MAY HAVE COMETITIVE MORGAGE RATES
Every cloud comes with a silver lining. In response to the current uncertainty, some banks may lower their interest rates as a way of accommodating their clients. In March 2020, the Central Bank of Kenya lowered the Central Bank Rate (CBR) from 8.25 to 7.25 percent. What that means is that banks will most likely reduce interest rates by one percent from 14 to 13 percent. At this time, when business is low for most companies, lenders will be eager to advance credit to property buyers.

4. YOU CAN VIEW PROPERTIES DIGITALLYOne of the questions that may be going through your mind is how you will view the properties. Of course, no one buys a property they have not seen. Some visit several houses several times before settling on the best choice. But, with social distancing now a reality, you may be wondering how to view the home you intend to buy. Worry not!
Advancement in technology means that homebuyers can view several houses digitally. If you work with a savvy real estate manager who has embraced technology, just ask them to send you digital videos of several properties on offer. Then, from the comfort of your home, you can review each property and make a decision based on complete information.

NEED SOME HELP TO FIND YOUR DREAM HOME? As Miamu Properties Limited, we have been in Kenya’s real estate industry for a long time. With excellent reviews from our satisfied clients, we can help you find your ideal home even now. Do not shelve your dream to own a home just yet. Call us today and get started on the journey to your dream property.


Please contact our offices for any help with purchasing, leasing or to have any of your real estate questions answered, or simply click below to chat with us!


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DON'T WAIT TO INVEST. INVEST, THEN WAIT. - April 23, 2020

You see new buildings springing up near your abode or place of work. You notice more coming up along the way. Some are apartments. Others are maisonettes. There are bungalows too. Some contractors are putting up commercial buildings. Others are busy erecting industrial complexes.

While observing these real estate developments, you wonder who owns them. You longingly look at the properties and wish you could own at least one.

Take heart. You can, actually. You too can invest in real estate and reap benefits. Why not?

But maybe you first want to understand why you should invest in real estate. You want to be sure you are putting your money in a worthwhile, safe investment.

Let’s explore a few simple reasons why you should consider investing in real estate.


A SOLID INVESTMENT?

A quick answer is ‘yes’. Just like the land on which it sits, real estate is a solid, stable, and non-volatile investment. It has intrinsic value. We all know that land is valuable and keeps appreciating because it is a limited resource. No one can create more land. Real estate will, therefore, always be valuable. Remember that it is built on solid ground. Take note, then, that at no time will real estate be worth zero shillings.


DIVERSIFY PORTFOLIO

When you put money in houses (whether maisonettes or bungalows), apartments, commercial properties or other types of real estate, you are diversifying your investment portfolio.  You are following the old adage that, “never put all your eggs in one basket.” You can further diversify your real estate portfolio by investing in different locations or in diverse properties.


EARN REGULAR INCOME

Everyone needs another source of income. Don’t you? Build or buy rentals and you are assured of yet another source of regular income. You may also decide to build or buy to sell and to use the money to buy more properties for sale. You become a real estate dealer.


OWN A HOME

Maybe you belong to the group of investors who believe owning a home is an investment that gains value over time. Property prices keep rising. You are not wrong. Indeed, owning a home is a worthwhile investment. Also, since you will be living in your house, you can use the money you would have paid as rent to invest in another asset, maybe own one more house!


EDGE AGAINST INFLATION

Real estate can provide a powerful hedge against inflation. Note that, as prices of commodities go up, rents go up too. The value of well-managed property will continue to appreciate with the passage of time.


GIVES YOU ADDED LEVERAGE

Just tell a banker you want to borrow money to invest in property and his/her eyes will light up with excitement. The reason is simple: you can borrow more when using the property as security. Lenders like property. This makes it much easier to borrow to invest in property than in any other asset class.

FINANCIAL SECURITY

Investing in real estate will give you long-term financial security. You are assured of a regular income well into the future. And do not forget that the property keeps appreciating, meaning that your income will be growing over time. Your property will be worth much more as the years pass by.


RETIREMENT & TAX PLANNING

You can plan for retirement by investing in real estate. The property you buy today will be a source of steady income when you retire from your current job.

You can also structure your property in such a way as to reap from tax benefits that are not available to other classes of investments.


REAL ESTATE AGENTS

Contact a Miamu Properties Agent today to get professional advice on investing in property.


BENEFITS OF INVESTING IN REAL ESTATE