Off-Plan Property Purchase in Nairobi.

Buying off-plan in Nairobi can be a great opportunity to get your dream home. However, It requires attention to detail. With the right due diligence you can minimize risks and make an informed decision.

Inspired by Nashon Okowa’s review of “Don’t Buy That House” this checklist will help you vet developers, understand contracts and protect your investment.

Vetting the Developer & Project Team

Committing to any off-plan purchase, you need to vet the developer. Start by confirming the developer is a registered company in Kenya. Review their portfolio by looking at past projects and talking to previous buyers.

Make sure the project team (architect, engineer, quantity surveyor, project manager) have valid licenses and experience in similar projects. A proven track record means more likely to deliver on time and on budget.

Project Legalities & Approvals

Legal is key in any real estate transaction. Verify the project has all necessary approvals from the County Government, NEMA and NCA.

Do a title search on Ardhisasa to confirm the developer owns the land.

Financials & Contracts

Financial transparency is key when buying off-plan. Before signing any agreement have a lawyer review the contract to ensure it has payment schedules, penalties, interest rates and dispute resolution mechanisms.

Watch out for hidden costs.

Also, Review the project’s financing model. Is it funded by bank loans, equity or off-plan sales. Understanding the risks associated with each financing model will help you make an informed decision.

Service Charges & Future Costs

Service charges are a recurring cost that can add up over time. What do they cover—security, cleaning, landscaping—and can they increase in the future?

Conclusion

Buying off-plan in Nairobi is a chance to get your dream home and it requires attention to detail. Vetting the developer, ensuring all legal is in place, understanding the financials and being aware of ongoing costs will help you protect your investment and avoid the common pitfalls. Remember, an informed buyer is a protected buyer take your time and seek advice when needed.

With the right approach your off-plan journey will be smooth and safe.

REVIEW OF THE BOOK. – Nashon Okowa’s review of “Don’t Buy That House.

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