As Username Investments, we launched a project dubbed Ngong Blossom in 2017. The land was selling at a cash offer of Ksh 349,000 for an eighth acre plot. Majority of the people who invested were renting within Nairobi environs.
In 2019, a few of them such as Hezron Ongadi started building their own houses in the project and at the start of 2020 they have moved to their own houses.
![Hezron next to his house. He invested in Ngong Blossom in 2017. [Photo/Username Investments]](/sites/default/files/inline-images/hezron.png)
Hezron next to his house. He invested in Ngong Blossom in 2017. [Photo/Username Investments]
Therefore, it took them around 3 years to move from renting to owning their own homes within Nairobi environs.
You too can decide to follow this practical steps and move from renting to owning your own home.
Have a practical timeline for your home ownership dream
This could be 1 year, 2 years, 3 years or five years. You can break it down to workable steps that will see you gradually make progress.
This will motivate you to work hard to achieve it.
Consider less-expensive housing at the moment
This does not mean compromising on your security and comfort. However, you can reduce your rent expenditure by residing in a more affordable neighborhood.
This will help you save an amount towards your home ownership.
Be intentional about saving for your dream home and start now
This could be joining a Sacco or joining a Chama with friends. If you consistently put aside a part of your pay check, you can have a sufficient amount to start off you home ownership journey.
Get your financial situation in order
This includes paying off debts and improving your credit score. Your credit score will be helpful in case you need to take a loan to finance your home ownership.
Learn as much as you can about the home buying process.
This includes costs and the experts involved. This will also involve finding a genuine real estate company offering land in an area of your interest so that you keep checking their current offers for plots in areas such as Kangundo Road, Thika, Nakuru, Ngong, Naivasha etc.
Comprehensive Video on How to Buy Land in Kenya
Buy land in your preferred location
Once you have accumulated some savings you can buy an affordable land. You can either buy cash or instalments depending with your ability to pay.
Upon completion of land purchase process, begin plans to build your home.
This could take you a few more months or years of saving but have a workable timeline and a schedule of your building plans.
Move into your new home
In case you had a loan you were servicing, the rent that you used to previously pay can supplement the amount to pay off your loan.
Additionally, you can choose to do the final finishing while still residing in your own home and save some costs.
Would like to begin your home ownership journey? Talk to us on +254 721 44 99 11 or send us an email to diaspora@username.co.ke
