ESSENTIAL CONSIDERATIONS WHEN VIEWING A PROPERTY FOR POTENTIAL PURCHASE OR RENT

Article by: Elaine Nyambura

Date: Friday, 12th April 2024

Finding the perfect property, whether it is your dream home or a functional location for your business, can be both exciting and daunting. While aesthetics is undeniably significant, there is a large universe beyond the first impression that includes critical information for making sound decisions. However, it is not just about aesthetics; there are several key factors to consider during the evaluation process.

Location Matters:

When evaluating a home, consider the location first. Proximity to critical amenities such as schools, healthcare, and public transit is important in your daily life. Consider the commute time and how it affects your schedule and energy levels. Furthermore, the neighboring area should be evaluated for safety, noise levels, and overall ambiance. Does it reflect your lifestyle preferences and foster a feeling of community for you?

Assessing the Foundation:

Beyond aesthetics, it is critical to examine the property’s structural features. Examine the walls, roof, and plumbing for signs of wear and tear, water damage, or potential insect issues. These flaws can result in pricey repairs down the road. Consider scheduling a professional inspection to detect any hidden issues that may not be obvious during your viewing.

Space and Functionality:

The property’s layout should not only satisfy your current needs but also provide for future flexibility. Consider the number and size of rooms, storage choices, and overall layout of the area. Does it fit your current lifestyle and allow for future changes, such as a growing family or changing business needs?

Budgeting for Sustainability:

Financial responsibility is essential when looking for a new house. Create a precise budget that includes all connected expenses, such as down payments (for purchases), monthly payments (rent or mortgage), property taxes, and maintenance costs. You must be realistic about your financial status and avoid overextending yourself. Consider hidden expenditures like utilities, insurance, and future improvements or repairs.

Legal Landscape:

Before making any decisions on a property, it is critical to do a complete legal investigation. This process, also known as due diligence, is critical for identifying any potential difficulties that may affect your rights and ownership, as well as the transaction’s overall performance.

By taking these crucial elements into account during your property viewings, you’ll be better prepared to make informed judgments that meet your needs and long-term goals. Remember that a comprehensive examination at the start will help you avoid future problems and ensure a seamless transition into your new place.

To schedule a site visit or viewing for any of our properties in Nairobi and Kilifi in Kenya or Entebbe in Uganda, please contact our team via email at centum.re@centum.co.ke. We look forward to your visit!

Edited by: Frida Nthoki- Marketing Department