The three most important factors when buying a home are location, location, and location.
What makes location so important is the fact that location is constant. You can’t change it. The condition and price of any home can be changed. You can even change the size of the house. The one thing you can’t change is the home’s location. A great location can change an entire neighbourhood seemingly overnight.
Location creates desirability, desirability creates demand, and demand raises real estate prices.
Location has the largest effect on home values thanks to the impact it has on the desirability of a home. The location will determine the access and proximity to amenities like water, electricity, internet, etc., to public transportation in the city and between cities, to other public services, schools, kindergartens, hospitals, etc, to shops and stores, to cafes and restaurants, to tourist attractions, etc. For example, most long-term tenants would prefer good in-city transportation options, close by grocery stores, and good schools and hospitals,.. If you’re looking to buy a real estate investment location is always going to be your number one priority because you’re looking for appreciation and rentability.
The better the location the easier it will be to rent the home out and the more you can get per month, while also experiencing great appreciation.
Location determines appreciation.
While we usually talk about real estate appreciation, a big chunk of this is actually the appreciation which the land on which our property is built will undergo. After all, land is a very limited resource, and it constitutes a large portion of the price of any real estate property. Some locations are set to appreciate more in the near and long-term future, and investors should generally aim for them.
Location determine the supply and demand.
Real estate markets are geographically identified, which means that the supply of and demand for rental properties is mainly determined by the income property location. As a real estate investor, you don’t want to go for a location which has too many available properties for rent. Similarly, you should absolutely not buy a property in a place with only few tenants. Ideally, you need a location with reasonable supply and high demand.
Today, we introduce to you Johari apartment.
This is an iconic structure located in the heart of Kilimani, on Chania avenue. The major advantage these apartments boasts of is location.
These 4-bedroom apartments are spacious and are built with the family in mind. It has modern fixtures and enjoys great proximity to major shopping malls like Yaya centre, the greenhouse, Prestige mall and just neighbours Adlife Plaza. The CBD is a stone throw away and the location is accessible by public means.
The apartment boasts of amenities that include 24-hour security, backup generator, a clean compound, high-speed elevator, and a Perimeter wall surrounding the compound. It has constant fresh water supply and solar water heater, Play area, parking space for 2 cars with extra parking space for visitors, State of the art swimming pool and gymnasium on the terrace.
The apartments are available either for sale or to let.
Get in touch with us for this property and much more.
Nyaga N. Rosah.
Real Estate Officer.
GREENKENYA INVESTMENT CORPORATION
The Greenhouse, Adams Arcade, Ngong Road,
4th Floor, Suite 23, East Wing,
P.O. Box 21133-00505,
Whatsapp Business: 0724 111 174
Nairobi | Kenya