Reasons to go for well-furnished rental

In Summary


If you are not in your own premises, and plan to keep moving house, here is why you need to rent a furnished house.


By SHABIBAH NAKIRIGYA

When I was transferred to Uganda, I looked for a real estate agency online so that I could get a comfortable place to live. I didn’t want to move with so many items, I opted for a fully-furnished house so that I can save my money and time to buy items, shares Joan Olinga, an engineer.
Tenants always move in and out but the main challenge in this is safe transportation of their property. Hassan Munaganwa, a property caretaker, explains why you should go for a well-furnished house.

Little cost for transport 
Munaganwa says currently, people in Uganda are not so into fully-furnished houses but some landlords prefer to have them in place because they want to make it easier for tenants to move in and out. “Fully-furnished houses save the landlords from chasing after defaulters. Some defaulters leave their belongings behind making it hard for the landlord to clear the house for the new tenants, and sometimes they claim their items are missing,” he says.

Munaganwa adds that sometimes when a tenant is moving out, they have no choice but to sell their property yet buyers are not easy to come by when one is in a hurry.
“Instead of making losses, and spending money in transporting furniture, it’s better to go with fully-furnished houses, which saves time and money without inconveniencing other people. Sometimes items get spoilt because you get a smaller house where your furniture is not fitting,” he adds.

High value 
Munagwa says for the property owner, a fully-furnished house is rated higher than one that is not, therfore, the procceds from it are higher. If they decided to sell it off, they would still be paid more than a landlord with a non-furnished house because the client will rate the household items as well.
“Currently, expatriates, who are coming in the country and have short contracts of three to four years, which is a short time and want high quality houses, where they can feel secure with their families,” he says.

Short time contractors 
Mpuuga says fully-furnished houses are good for short term tenants because it makes it easier for them to move in and out, especially if the tenant is on a short contract. “This also saves time that would have been wasted in making selections as shopping for quality household items needs time and you may find that all the items you want are not in one place, and you have to move around to get the best,” he says.

No need of hiring experts 
Mpuuga adds that it will make work easier because the tenant will not spend money on hiring interior designers.
“Property managers who deal in fully furnished houses always do their best when it comes to making choices. they always buy quality furniture to please clients and so that they can last long,” he adds.

Enjoying good living

Hassan Munaganwa, a property caretaker says fully-furnished houses are usually of high quality, because people build them with the purpose of targeting high class people who are willing to pay rent on time and to get their money in a period of short time.
“Since people had invested much money in these houses they make sure that their clients are contented with what they picked, they make sure that security in tight, services are available and tenant’s agreement is clear to them,” he adds.

2019, All Rights Reserved:  SHABIBAH NAKIRIGYA, Daily Monitor.

Places attracting big money in Uganda

In Summary


Gone are the days when the likes of Ntinda, Muyenga were the places where most moneyed people would look to construct residences. New areas have come up and are attracting the big shilling.

 

By EDGAR R. BATTE

Housing is a necessity that each one of us works towards having or achieving, be it on rental basis or full ownership. The common denominator is always land.
June is here, splitting the year by half. Land brokers and real estate developers are on the look out for houses to rent or land to develop.

There are places whose rating is high in terms of attracting buyers and the price tags attached to the land is high making them competitive. This is dependent on how developed a place is in terms of amenities such as water, access roads, and proximity to attractions or conference facilities that draw in both local and foreign visitors.

Alex Baingana, a proprietor and head salesman at Bai Property Limited. He buys land, builds housing units on it, which he rents and when a willing buyer expresses interest in the property, he sells it to them.
Baingana says Buziga is one of the areas attracting buyers this year given their prime location.

The cost
“A 12-decimal piece of land in Buziga will attract Shs170m in a good location but lower if someone is willing to settle on Kabaka’s land where the same size of land will cost about Shs110m,” Baingana explains.
Buziga is approximately 12 kilometres from the city centre, and as Denis Jjuuko, a real estate businessman says any area within 50 kilometres will attract a good fee and as such, is currently sought after by those willing to acquire land.
“The nearer, the better but even further away you get value for money. However, further away is for those who think long term,” Jjuuko explains.

Kira is less than 15 kilometres from Kampala and an area in which Phillip Muhoja, has operated in for the last seven years as founder and director of Spectrum Properties.
He says the areas such as Namugongo, Kyaliwajjala, Nalya, and Sonde are drawing a lot of interest from land buyers owing to a number of reasons, one of which is affordability.
Muhoja says a 12-decimal, or 50 by 100 feet piece of land in those areas can attract between Shs70 and Shs80m.

Organised neighbourhood
“Kira has particularly attracted many buyers because it is more organised and has recently been granted a municipality status. The road network has also been improved,” Muhoja observes.

All the land in Kira is titled because there is no lease of mailoland. As such, Muhoja says people feel safer buying such land. This has also contributed to an increase in the number of land developers and real estate dealers in the Kira areas and the neighbouring places. He adds that accessibility is another seller for the areas.

Development
A site visit in many of the mentioned areas shows activity pointed towards development, with demarcated plots of land, busy construction sites, real estate signposts to advertise land on sale as well as finished houses in organised and semi-organised neighbourhoods.

Paul Ssemakadde, a broker in Kitetika, says there is a lot of interest in Gayaza because it is accessible with its linkage to Kira and Ntinda.
“Anyone buying land in Gayaza, does not have to worry about mapping their way to and away from home. This has helped boost the cost of plots here. Depending on location and one’s bargaining power, one can acquire a piece of land for between Shs30m and Shs60m,” the broker explains.

Comparatively, Ssemakade says a plot of land in Gayaza would fetch between Shs30m and Shs35m. Another place that is attracting buyers is Kigo, which Baingana says is selling like hot cake owing to the newly constructed Kampala-Entebbe Express Highway.

Also, it is close to Munyonyo Commonwealth Resort, which is a hub of local and international conferences that sometimes call for more hospitality facilities that spill or prefer to be accommodated at Lake Victoria Serena Golf Resort & Spa, in Kigo.
“The golf course at the hotel has also become an attraction for the rich and sporty,” Baingana adds. The lake resort is also a venue for weddings and honeymooners who like its pristine nature given its interface with Lake Victoria.

Jjuuko adds: “There are also new developments on islands and lake shores actually in Mukono but facing Munyonyo where new major developments are taking place… these areas are going.”
Garuga, located on Entebbe Road is an area he also points to, estimating that villas there could go for as much as $1.2m (about Shs4.5b).

“Garuga area is going to be as hot because there is a huge estate being built there. So, those who won’t afford to buy from that estate would be able to get around there,” the real estate businessman adds.

Outside the traditional scope, located within the areas close to Kampala, Baingana and Muhoja point to places beyond Kira for those who do not mind going the distance in search of land to settle on. To the list of outbound areas, Jjuuko adds Bukereere, after Seeta.

Tips on buying land
Sadat Anwar Nakibinge says when you decide on buying land, consider the distance of the plot of land from your work place or the city centre, as well as accessibility and level of development. He also advises investing time in making sure you are buying land at an honest price before deciding to make a given payment.

Real estate dealer Solomon Katongole says for one interested in investing in property business, it is important to pay attention to detail during the verification process and not be rushed to make a decision to buy or sale. The details are usually what help you to detect forgeries and shoddy deals.

Copyright: EDGAR R. BATTE, Daily Monitor.

Photo Credit: Alex Esagala.

7 Tips to Planning for a Future Home Purchase

Are you looking forward to save for your future house or home? These 7 tips will be the foundation for this dream that you hope to achieve!

1. Think of the features of your future house.
2. Draw your house on paper.
3. Figure out how much you can afford.
4. Choose us as your trusted real estate agent.
5. Save for a down payment.
6. Have your Home.
#MondayMotivation #homes

Want to invest in Real Estate? Think open spaces

Apartments for Rent or sale
Ugandan Real Estate agent

By Denis Jjuuko

About 17 years ago, some business people claiming to be concerned about the slums of Kampala hatched an idea of “developing organized housing estates.” They claimed unplanned housing in Kampala made the city an eyesore to everyone. They had a point. It is not uncommon to find a USD1 million house sharing a perimeter wall with others worth USD3,000. Sometimes one house faces this side and another the other side. A storied building here and a charcoal seller’s kiosk there.

Anyway, the businesspeople bought large tracts of land on the outskirts of Kampala and parceled them into plots measuring approximately 50×100 feet or 11.5 decimals, basically less than an eighth of an acre.

Before we knew it, the 50×100 feet plots had become the standard size of plots on which the so-called middle class would build their dream residential homes. The businessmen claimed they had included spaces for recreation within these estates, schools and shopping centres. Without any direct ownership to these open spaces by the people who had bought the plots, the businessmen eventually sold these open spaces so people could build yet more homes or whatever.

As Kampala expanded, land became a very expensive commodity. Open spaces were taken over and malls or some ugly buildings were erected. Kampala City Square or Constitutional Square was even once proposed for an underground shopping mall! When whoever was proposing it realized how untenable his idea was, the police cordoned it off for themselves and turned the upper part into a barracks of sorts. Ugly cheap structures were erected at Centenary Park.

If you drive through the suburbs, schools no longer have open spaces. They too are being built on 50×100 feet plots. The kids have nowhere to play. I am told that in Luwero district which boarders Wakiso, north of Kampala, they even parcel out 25×50 feet plots!

There are very few open spaces left in Kampala. The biggest now is Kololo Ceremonial Grounds. You can’t tell for long it will remain so before some buildings are constructed there. I am thinking the National ID guys who operate at the pavilion will one day wake up and say that they need better offices and allocate themselves a few acres.

Almost every weekend, there is an event at Kololo. If it is not the Rotary Cancer Run or the MTN Marathon, it is some festival of one kind or another. Even weddings now are being held there. That shows the decrease in the number of open spaces in Kampala. Kololo, which maybe about 30 acres can range from Shs7m to Shs100m to hire depending on who you are or who you talk to. Besides, it is also not necessarily easy to get even when you have money. You have to speak to ministries of internal affairs and defense to get it. And if you are not well connected, you can forget all about it.

The other spaces left are the rugby grounds at Legends and Kyadondo, a bit of UMA show grounds and the Cricket Oval at Lugogo. I hear a certain prophet pays Shs10m every Tuesday for Kyadondo.

So with very little space left, the next profitable business in greater Kampala is going to be open spaces. By greater Kampala, I include Kampala, wakiso, Mukono and some parts of Mpigi. These open spaces like we have seen with Kololo may earn you more money than some buildings. Once you have secured the land, you don’t need much money to put up structures. All you need is to keep them green with maybe a fence and some basic amenities like toilets. Kololo doesn’t even have enough toilets, you must hire mobile ones from the likes of Fotogenix.

In Buwaate, a few kilometers from Ntinda, an entrepreneur has already realized the lack of open spaces and built a ‘stadium’ with an artificial turf where people pay to play soccer and/or run around. This entrepreneur charges per hour. You pay, play soccer or whatever and after an hour another team comes in.

So if you are thinking real estate in greater Kampala, think of open spaces. Weddings, sports enthusiasts, flea markets, pastors, exhibitors, festival organisers, concerts and the like will come calling. Schools will need spaces for their students to exercise a bit or hold sports days. And those in love will need a park to walk sometimes in the evening. The kids will need places to ride their bicycles and families will need to do some picnics not very far from their homes.

#OutToLunch is Denis Jjuuko’s compilation of his many lame and flaky ideas.

The author is a media and communication consultant and a real estate entrepreneur. Twitter: @Denis_Jjuuko

NSSF to increase investment in real estate

By Najibu Mulema

The National Social Security Funds revealed to increase its investment in real estate to enable contributors access affordable housing.

Basing on the funds current investment portfolio seven percent us in real estate translating into shs450 billion and this is likely to increase in the next two to three years.

According to NSSF managing director, Richard Byarugaba, many people are still struggling with housing thus a deliberate move must be taken to solve the problem.

The funds has so far invested shs240 billion in Mbuya housing project and another one million dollars in Jinja housing project.

Chinese handover posh Housing Estate to Kabaka

Buganda Kingdom’s multibillion Mirembe Villas a housing estate in Kigo has been handed over to Katikkiro Charles Peter Mayiga who represented the King of Buganda Ronald Muwenda Mutebi after the completion of 40 modern houses.

Kigo overlooks Lake Victoria a stone’s throw from Lake Victoria Serena.  These modern houses are now ready for people to occupy.

“Uganda has a huge deficit of housing and this project goes a long way in addressing that challenge,” Mayiga said. “However, Ssaabasajja Kabaka when he was launching this project urged us to start another project with affordable houses. That project will be in Ssentema Wakiso District and Mayembe ga Mbogo in Mpigi,” he revealed. “I call upon those who want to partner with us in Ssentema and Mpigi to come forward. We want to unveil it soon,” Mayiga added.

The investment partner for Mirembe Villas, the Chinese real estate giant, Gouji Group, was quick to express interest. “We want to partner with you even in Ssentema,” the Gouji Group representative said.

Katikkiro Mayiga was accompanied by Princess Joan Nassolo and Princess Victoria Nkinzi, both daughters of Kabaka Mutebi.

Roland Ssebuwufu the CEO Buganda Investments and Commercial Undertakings Ltd (BICUL) thanked Gouji Group and Buganda Land Board for the job well done as well as the Katikkiro for the guidance.

Owek Robert Waggwa Nsibirwa, the Kingdom Treasurer and Minister of Finance, Investments and Planning said real estate leads to the development of other sectors.

This project is another way through which the Kingdom of Buganda contributes to the development of Uganda.