100% Financing for construction projects on Joint Venture basis method is achieved through sharing ratio[usually 70%:30%] on the project value. For example, a 10 maisonette project on a 1/4 acre plot will have 7 units going towards financing the 3 units which will remain with the land owner for rent collection or sale as per their liking.
Profit Sharing Ratio.
a4architect.com arranges for land owners with prime land in urban areas around the country to realise and fund their construction projects through using 70% of their units to finance the remaining 30% . The 70% of the units are usually sold to the market under sectional property subdivisions .
Feasibility Study.
a4architect.com carries out initial feasibility studies to determine the viability of a piece of land to self fund through sectional ownership. Generally, land located in a prime location, near a main tarmac road or a shopping center, surrounded by high rise buildings and maisonettes, is usually ripe for self funding through sectional property resale method.
Land Size.
Any land size, from 1/8th acre to hundreds of acres, is viable to self fund through this method as long as its located in a prime developed area that can attract sectional property buyers. Areas such as Nairobi, Nakuru, Nyeri, Mombasa, Kilifi, Diani,Malindi, Kisumu,Kakamega, Meru are good locations for self funding of projects.
Feel free to contact a4architect.com below for feasibility study on your land to check how viable it is to self fund.
Architect Francis Gchuhi Kamau.
gichuhi@a4architect.com
0721410684
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