How to get 100% Financing for your 1/8th Plot in Kenya.
The Joint Venture method of financing for real estate is a smart way to finance construction of your 1/8th acre land or any other larger piece of land that you may wish to construct.
Usual Joint Venture Method.
The usual joint venture method as operated by banks is arranged where the financiers take 80% of the project value to compensate themselves for construction and finance costs and the land owner remains with 20% of the property of which he can rent this for income.
5 bedroomed maisonette in phased construction.
Using the same model, a4architect.com works with land owners to come up with architectural designs that enable the land owner to partition their 1/8th or larger acre plots into a 5 bedroomed unit that can be constructed in 3 phase, phase 1 housing a 1 bedroomed unit, phase 2 housing a 3 bedroomed unit and phase 3 adding a further 2 bedrooms to make it a 5 bedroomed unit.
Sectional title ownership.
The plot owner can then work with a4architect.com to come up with sectional titles for the plot then they can sell the portions to finance construction of the 5 bedroomed unit. The land owner can construct in phases as the sales revenue from the sale of the sectional lands trickles in, hence removing the need for bank loans which can be risky in case of default.
Risk Free financing.
This way, the 1/8th acre plot owner gets to own real estate which he can benefit from rental income for the life of the property, all these without any bank loans and risks associated with default such as auction.
Land owners, feel free to get in touch with a4architect.com for more details on this. This financing option is possible in all areas in Kenya as long as the land is situated in a good neighborhood which can attract potential sectional property buyers.
Architect Francis Gichuhi Kamau.
0721410684
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