{"id":19842,"date":"2018-08-30T10:45:36","date_gmt":"2018-08-30T10:45:36","guid":{"rendered":"https:\/\/usernameproperties.com\/?p=19842"},"modified":"2022-09-28T09:19:07","modified_gmt":"2022-09-28T09:19:07","slug":"username-investment-limited-is-solution-provider-for-land-property-in-kenya","status":"publish","type":"post","link":"https:\/\/www.usernameproperties.com\/blog\/username-investment-limited-is-solution-provider-for-land-property-in-kenya\/","title":{"rendered":"Username Investment Limited is Solution Provider for Land Property in Kenya"},"content":{"rendered":"\n

Land Property in Kenya is one of the most asset that involves several parties when transacting the property. Username Investment offers the solutions to land investors in Kenya.<\/p>\n\n\n\n

Established five years ago by three young entrepreneurs, Username Investment Limited started off as a small organization with an office at Veteran House, along Moi Avenue. The company started with a team of four people, but today prides itself on having created employment to over forty people.<\/p>\n\n\n\n

\u201cAs a property company, Username Investment was established to address a certain gap in the market,\u201d says Reuben Kimani, the company\u2019s Chief Executive Officer.  \u201cWe realized land property in Kenya are very expensive and young people in employment or those in small businesses cannot afford to buy,\u201d he adds.<\/p>\n\n\n\n

In regards to this, Mr. Kimani and his partners decided to give young people an opportunity to invest, especially in land. Most of the customers are aged between 20 and 35 years.<\/p>\n\n\n\n

In 2015, the young entrepreneurs left their formal employment to scale up Username to a corporate organization. They decided to do huge projects, create communities and make the land useable. \u201cWe don\u2019t just sell land. Our business is creating communities and providing our current and upcoming generation with a place they can call home.\u201d<\/p>\n\n\n\n

Basically, Username offers affordable investment options for real estate solutions. The land properties prices range between Ksh 199,000 and Ksh 430,000. \u201cIn fact, there was a time we sold a property for Ksh 95, 000,\u201d recalls the CEO. The company also offers a flexible payment mode of up to 12 months.<\/p>\n\n\n\n

Username measures its progress through issuing title deeds. So far, it has issued over 5,000 title deeds to its customers.<\/p>\n\n\n\n

Projects<\/strong><\/h3>\n\n\n\n

So far, the real estate company has done over 25 projects, out of which 20 are closed. Projects are measured through the number of units, inventory, revenue, as well as acre rage.<\/p>\n\n\n\n

The first big project \u2013 Ngong Breeze – was launched in May 2016, and that was the beginning of great things. \u201cIt has been a journey. When we started in 2013, we only had a small pilot project at Konza City,\u201d says Mr. Kimani. Today, Username launches a new project after every month.<\/p>\n\n\n\n

The newest project is in Nakuru called Springfield-Nakuru. The hundred-acre project is being referred to as an Affordable Luxury. It\u2019s only a 20-minute drive from Nakuru town and one kilometre from the busy Nakuru-Eldoret highway. According to the CEO, the land is green and flat and a 50 by 100 (1\/8 of an acre) plot goes for Kes 429,000.<\/p>\n\n\n\n

Another ongoing project is in Naivasha called The Vantage-Naivasha<\/a>. It is ten kilometres from Naivasha town and is targeting people who want to invest in holiday homes. The property, which is on a raised ground, is selling at Ksh 399,000 per plot.<\/p>\n\n\n\n

Most of Username\u2019s projects are based in Ngong including Ngong Crescent<\/a> and Ngong Springs that are already closed, as well as Ngong Blossom and Ngong Sunrise, which are 80 per cent sold out. The projects range between Ksh 199,000 and Ksh 349,000.<\/p>\n\n\n\n

According to Mr. Kimani, Ngong is a good investment area, since it is only 40 kilometers from Nairobi. Although the area has not been exploited compared to others, it is expansive and very accessible from the capital city.<\/p>\n\n\n\n

\u201cOur investment decision on the area was made after checking government plans and realized that the Standard Gauge Railway (SGR) station will be based there,\u201d reveals the CEO. Additionally, the Greater Southern Bypass will pass through Ngong. With these infrastructural developments, coupled with increased urbanization, Username is optimistic of increased demand for property in Ngong area.<\/p>\n\n\n\n

Value addition<\/strong><\/h3>\n\n\n\n

Username does not only sell land, but also adds value to it through fencing, grading roads, providing water and electricity. In a nutshell, it provides a gated community to its customers. \u201cWe sell land to people knowing that they will either put it into use or sell the property to someone else.\u201d The value addition part has been the selling point for most of the company\u2019s properties.<\/p>\n\n\n\n

\"Username<\/figure>\n\n\n\n

Competitive edge<\/strong> in land property in Kenya<\/h3>\n\n\n\n

\u201cWhen we came into the real estate industry, we wanted to address the issue of affordability,\u201d offers Mr. Kimani. Although there are many real estate companies in Kenya, a large percentage offers very expensive properties that are out of reach for many people.<\/p>\n\n\n\n

Most remarkably, Username invests in areas with great potential for growth. Mr. Kimani says that they do research to find out where the government plans to do infrastructural development. We want our customers to give testimonials five to ten years down the line.<\/p>\n\n\n\n

Username also endeavors to restore sanity in the property industry, in line with its slogan \u2013 A traditional of trust. \u201cWe want to be known as a company that can be trusted by doing the right thing in an industry that is characterized by many challenges.\u201d<\/p>\n\n\n\n

Furthermore, the real estate company has differentiated itself by offering first class customer experience, from taking potential clients for site visits, adding value to the property to issuing of title deeds.<\/p>\n\n\n\n

Risk management measures<\/strong><\/h3>\n\n\n\n

The real estate industry is growing at a higher rate this year compared to 2017, especially after the long electioneering period and the handshake. The graph is going up, something that presents greater opportunities. With the implementation of Vision 2030, political stability and the Presidents Big Four Agenda, the market is expected to grow going forward.<\/p>\n\n\n\n

Despite these opportunities and developments, Mr. Kimani says that there are many things that investors should put into consideration prior to buying property. To start with is doing an extensive due diligence. It involves doing a search on a property that is on sale, site visit and visiting neighbors who will tell you the history of the land property.<\/p>\n\n\n\n

\u201cAt Username, we do everything for our customers, from taking them to free site visits and educating Kenyans and creating awareness on important issues regarding land property investment.\u201d<\/p>\n\n\n\n

There is also the issue of documentation. Filling the right documentation step by step is important to make sure your property is secure. That includes letter of offer, agreement of sale or purchase, as well as land transfer documents.<\/p>\n\n\n\n

Road ahead<\/strong><\/h3>\n\n\n\n

Since establishment, Username has grown by leaps and bounds to become one of the leading land property in Kenya.. Going forward, the company plans to expand in various vibrant counties, start building affordable houses and become impactful in many sectors of the economy.<\/p>\n\n\n\n

\"Username<\/figure>\n\n\n\n

\u201cHaving been named The 2018 Best Land and Investment Company during the 26th<\/sup> Kenya Homes Expo, we want to continue walking the talk and cement our position,\u201d ends Mr. Kimani.<\/p>\n","protected":false},"excerpt":{"rendered":"

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