Becoming homeowner in the current millennials is easy and anyone can become. Through group investing among your peers, allow you to own a piece of land which you can build <\/p>\n\n\n\n
\u201cIt was not raining when Noah built the Ark\u201d, this is a popular saying coined by Howard Ruff. It is a call <\/em>to prepare yourself for a future occurrence by ensuring that you are well equipped to handle it better and get through it more easily. Majority of Kenyans begin looking for housing and investment opportunities when they are over 30 years. This is the time they begin to look for properties near their businesses and places of work.<\/p>\n\n\n\n This pressure results to the need of massive housing especially to the young population aged between 25-35 years; they begin looking for affordable land they can turn into homes. However, at this age the available properties in the market are expensive and unaffordable to them. <\/p>\n\n\n\n This crisis has been experienced in Kenya and it resulted to the launch of the Affordable Housing agenda late last year. To solve this crisis 500,000 housing units are set to be built by the government. <\/p>\n\n\n\n It is time we encourage young people to embrace Group\/Chama investments early in life because it is an easier way to pool resources for land investment before the age of 30 years.<\/p>\n\n\n\n Investment groups are formed by individuals who pool their funds to invest together on a consistent basis. They come up with strategies of ensuring that each member benefits from the investment they agree to undertake. This is an excellent way for young people to begin investing, they may agree on the amount of money to contribute to achieving a common goal. <\/p>\n\n\n\n In Kenya, for example, young people may agree to purchase a piece of land in an area such as Nakuru and venture into agriculture for a beginning and later engage in the construction of their own homes and settle their families.<\/p>\n\n\n\n 74.4% of persons employed in the formal sector in Kenya earn Kshs 50,000 and below according to The Kenya Bureau of Statistics. Some of those who earn this amount are able to invest as an individual. However, it is easier to invest as a group because of lower investment risk. <\/p>\n\n\n\n The dream of becoming homeowner is a difficult dream but with good plans it can be achieve within 3 years of hardworking. <\/p>\n\n\n\n A group provides multiple shoulders to lean on and help carry the burden of investment. For example, a group of 10 young people may agree to share different roles when implementing a project such as agriculture where some can work on the farm while the rest go out to market their products. This creates a shared responsibility rather than having a single investor managing the whole investment. <\/p>\n\n\n\n A group also provides an opportunity to brainstorm the different ideas that may be implemented as compared to individuals where you have no one to challenge the viability of your idea.<\/p>\n\n\n\n Investment groups also cultivate a culture of saving <\/strong>among the millennials. <\/strong>The small contributions made by individuals in a group will gradually create a culture of saving among them and if they decide to invest in land they can easily be turned into homes or for commercial purposes that will generate income for the group members. This will prevent the last minute rush to acquire properties when old age has already knocked in.<\/p>\n\n\n\n Financial planning is also well cultivated in groups due to existence of <\/strong>rules that ensure the members adhere to their contributions either on a weekly or monthly basis. This inculcates a culture of financial discipline that ensures the continuity of financial planning even in old age. In real estate, for example, the returns are assured in short and long term.<\/p>\n\n\n\n Real estate companies have identified the strengths that lie in groups and you find some giving an attractive offer for groups who purchase a certain number of plots, for example, buy 10 plots and get 1 free. By doing so, they can start sharing among themselves and each and that is how one become an homeowner when in a chama.<\/p>\n\n\n\n It is therefore important to join a group that you share a common vision such as a group that aims at purchasing land or construction. This will ensure that your contributions are not in a bank account, rather, the money is invested in an asset such as land that appreciates by the day.<\/p>\n\n\n\n In conclusion if young people target an area such as Nakuru and invest in land as a group, it is easier for them to venture into agriculture and create self-employment. This could be in poultry keeping, potatoes, vegetables, peas etc. and create supply to Nakuru Town which is massively growing due to infrastructure and population growth. <\/p>\n\n\n\n Gradually they will have pooled enough resources to widen their investments and venture into the construction of their individual houses. This will ensure that they become homeowner and there will be not renting any more in future.<\/p>\n","protected":false},"excerpt":{"rendered":" The dream of becoming a homeowner through group investing is by far the easiest and safest route to achieving the goal in Kenya.<\/p>\n","protected":false},"author":2,"featured_media":23139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[8],"tags":[189],"class_list":["post-19894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estates","tag-homeowner"],"rttpg_featured_image_url":{"full":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing.png",1200,628,false],"landscape":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing.png",1200,628,false],"portraits":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing.png",1200,628,false],"thumbnail":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing-150x150.png",150,150,true],"medium":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing-300x157.png",300,157,true],"large":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing-1024x536.png",640,335,true],"1536x1536":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing.png",1200,628,false],"2048x2048":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing.png",1200,628,false],"bizberg_medium":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing.png",300,157,false],"bizberg_gallery":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing.png",500,262,false],"bizberg_blog_list":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing.png",368,193,false],"bizberg_detail_image":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing.png",764,400,false],"bizberg_detail_image_no_sidebar":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing.png",764,400,false],"bizberg_portfolio_homepage":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing.png",600,314,false],"bizberg_blog_list_no_sidebar_1":["https:\/\/www.usernameproperties.com\/blog\/wp-content\/uploads\/2018\/09\/how-to-become-homeowner-through-group-investing.png",220,115,false]},"rttpg_author":{"display_name":"username","author_link":"https:\/\/www.usernameproperties.com\/blog\/author\/username\/"},"rttpg_comment":0,"rttpg_category":"Real Estates<\/a>","rttpg_excerpt":"The dream of becoming a homeowner through group investing is by far the easiest and safest route to achieving the goal in Kenya.","_links":{"self":[{"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/posts\/19894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/comments?post=19894"}],"version-history":[{"count":0,"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/posts\/19894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/media\/23139"}],"wp:attachment":[{"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/media?parent=19894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/categories?post=19894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.usernameproperties.com\/blog\/wp-json\/wp\/v2\/tags?post=19894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Summary of how to become a homeowner in Kenya.<\/strong><\/h3>\n\n\n\n