9 Key Factors to Consider Before Buying an Apartment in Kenya

Buying an apartment is a significant decision, and there are several factors you should consider before making your purchase.

Here are some key points to think about:

1. Budget

Determine how much you can afford to spend on buying an apartment.

Consider not just the purchase price, but also additional costs such as closing costs, property taxes, maintenance fees, and insurance.

Property Management providers like Giroy Properties are always keen to ensure an apartment suits your budget!

2. Location

The location of the apartment is crucial.

Consider factors such as proximity to your workplace, schools, public transportation, shopping centers, healthcare facilities, and recreational areas.

Also, assess the safety and overall vibe of the neighborhood.

3. Size and Layout:

Think about your current and future space needs.

Consider the number of bedrooms, bathrooms, and overall square footage.

Evaluate the layout of the apartment to ensure it meets your lifestyle and functional requirements

4. Amenities:

Check the amenities offered in the apartment complex, such as parking spaces, gym facilities, swimming pools, community spaces, and security features.

Determine whether these amenities align with your preferences and lifestyle.

5. Condition of the Property:

Assess the condition of the apartment and the building it’s located in.

Look for signs of wear and tear, structural issues, and any necessary repairs or renovations.

Consider hiring a professional inspector to thoroughly evaluate the property.

6. Future Resale Value:

Consider the potential resale value of the apartment.

Look at trends in the local real estate market and assess the long-term prospects of the neighborhood and the property itself.

7. Legal and Financial Considerations:

Ensure that you understand all legal and financial aspects of buying the apartment.

Review the terms of the sale, mortgage options, property taxes, insurance requirements, and any other legal documentation associated with the purchase.

8. Noise and Environment Factors:

Consider factors such as noise levels from traffic, neighbors, or nearby establishments.

Also, assess environmental factors like air quality, natural light, and views from the apartment.

9. Future Development Plans:

Research any planned developments or infrastructure projects in the area that could affect the value or livability of the apartment in the future.

Final Thoughts

By carefully considering these factors, you can make a more informed decision when searching for an apartment to buy.