Here a few tips on how to save some money:

Moving companies charge for both the packing materials and labor. Save some money by packing up everything yourself. Just make sure you pack everything properly so that things don’t get broken because the moving company won’t be responsible for your mistakes. If you need help call a friend you can count on, catch up with a glass of wine, after the job is done, and have a nice talk with them. It will be time well spent especially if you won’t see them often anymore.

Check within your circles for friends with personal trucks or vans and ask if they can help you move. This will surely save you some good money. Still, it would be very kind of you to offer to pay for gas and a meal or two as appreciation for their help.

Of course, it’s a no-brainer, that most of us tend to be hoarders and collect lots of stuff, and we often don’t even realize how much useless things we’ve managed to collect or hold on to. As you pack, put away anything that you don’t want or don’t use regularly. Remember the less you have to pack, the less money you have to spend on packing materials such as bubble wrap. It would also be a good initiative to donate some of those things to more deserving people.

When moving remember you will need places to pack all your items into to keep them safe and organized. Collect as many carton boxes, bubble wrap, or old newspapers as you can. Borrow some large carton boxes from work or your local wholesale shops. They make wonderful packing boxes because of their size and when you label the items you pack in them it will make your unpacking process a whole lot easier.

There is no doubt moving is a time-consuming and stressful experience for most of us. It’s possible while you’ve been busy planning and packing things you haven’t thought about your billing cycle. Avoid paying an extra month of subscription bills by checking if they fall in line with your moving date, if not cut them off in advance. Most households now have internet connection in their homes, if you are moving far perhaps to a different town, your internet provider may not be in that town, therefore you may need to cut them off in advance and avoid losing money through penalties or automatic subscriptions.

Although this one will not save you money, it will help you get in shape body and spirit for moving. When planning a move, exercising is one of the last things you will want to do, but it’s a good idea to make time for it. Exercising will boost your mood, reduce stress and anxiety, and help you stay stress-free during your move.

Although moving into a new home or neighborhood can be tough, these tips combined with a reputable estate and friendly community like the one at Nakuru Meadows can relieve stress and help you settle in easily.

In case you are looking to move to Nakuru, we have a beautiful gated community of 70 homes for rent and sale. They consist of two-story 3 bedroom Maisonettes and 4 bedroom Townhouses. They are not only spacious enough for a large family but also packed with amazing amenities like solar water heating, private gardens, ready internet connection, 24/7 security guarding, children and adult playgrounds and so much more.

Come visit us, we bet you will fall in love with these magnificent homes. Contact us at 0708 822 583 or 0715 856 848.

You can also email us at sale@nakurumeadows.co.ke to schedule a visit.  

Buying a home is one of the largest purchases you’ll ever make, and doing it wrong will cripple you with stress and rob you of your other financial goals. So protect yourself by knowing what not to do.

Here’s a list of typical home-buying mistakes and how to avoid them.

So before you go looking for your dream home, figure out how much house you can afford. Use a mortgage calculator to enter your down payment amount and try out different home prices within your budget.

“Trying to buy a house when you’re in debt is like trying to run a marathon with a bunch of weights chained to your legs,”- Dave Ramsey. You should never pile a mortgage to other debts like car loans, credit cards, or student loans. These debts are already weighing down your monthly budget that would have otherwise been spent on saving for this 3 bedroom Maisonette in Nakuru.

If you’re getting a mortgage, one of the worst home-buying mistakes you can make is not saving enough for a down payment. Any amount less than 10% is way too low! While some banks are making it easier to buy a house with little to nothing down. The problem is that you’ll be charged so much extra in interest and fees that you’ll feel like you’ll never pay off your home.

We recommend saving at least 20% of the total house price to avoid paying PMI—a type of insurance that protects your lender from losing money in case you can’t make your mortgage payments. If you are struggling to save check out a few tips we shared on Saving for a Down Payment.

Another common mistake is to focus so much on saving for the down payment that you forget about other home-buying expenses such as closing costs and moving expenses. Closing costs, generally include the appraisal fee, home inspection fee, legal fees, etc. To fully understand what closing costs are and why you should budget for them check out this article we wrote on hidden home-buying costs to expect.

Imagine, you’ve finally found the perfect house for your family, that actually fits your budget! Your heart races with excitement as you make an offer. Too late! The seller goes with another buyer. Why? Because the other buyer included a mortgage preapproval letter with their offer. Getting preapproved, not just prequalified gives you an advantage over other buyers competing for the same house.

A mortgage preapproval letter not only tells the seller you’re a serious buyer, but it also says choosing you means the paperwork process will move faster.

While taking a mortgage with debt is a terrible decision, taking on new debt while you’re buying a house is no different! This actually creates a delay in the closing process. If you borrow money, it changes your credit score and it’ll send your mortgage approval back to the drawing board.

Save yourself the trouble and maintain your finances from preapproval to closing. Don’t do anything that could change your credit history. And while you’re at it, make sure you’re up-front with your lender about all your payment obligations. Otherwise, these issues could change your debt-to-income ratio, which means it will take much longer for you to buy a house.

Let’s face it, you will never find a home that ticks off everything on your list. Some things can be easily amended to suit your personal style. Therefore, do not pass by a good home over minor things.

Instead of worrying about appearances, pay attention to things that aren’t so easy to fix—like structure. Does the floor plan fit your family? How old is the roof? Are there any problems with the foundation? Are there any signs of issues with the electrical or plumbing systems?

One way to focus on the structure of a home rather than its style is through a home inspection. While a professional inspection will cost you some extra money it’s definitely money well-spent if it helps you to avoid potential disasters after closing. An inspection includes a thorough review of the home’s structural elements and electrical, plumbing, heating, and cooling systems. The inspector’s report gives you the information you need to decide to buy the home as-is or to negotiate with the seller to fix the problems or reduce the price.

The home-buying process has many moving parts, and each one has the potential to turn a sweet deal into a disaster. For example, your home inspection could turn up problems that should reduce the seller’s asking price. If the seller isn’t willing to negotiate, you have to decide whether you want to live with (and pay for) those problems or back out of buying the home altogether.

That can be a tough choice if you’ve already decided this is the one and only perfect home for you. Don’t wind up regretting the choice to overpay for a house with problems. Maintain your power to walk away.

There are a ton of home-buying mistakes to watch out for. And each mistake could cost you thousands of money—or thousands of headaches. Hopefully, by reading this blog you have learned what to avoid in your home purchase.

If you are looking for a home outside Nairobi or the city you live in, consider these beautiful homes in Nakuru for sale and rent. Nakuru Meadows is a gated community just 15 mins away from Nakuru town. It has a total of 70 homes that include Maisonettes, townhouses, and semi-detached townhouses. Living in Nakuru will be a mix of modern and country, a harmonized blend you wouldn’t want to miss on.

To visit please contact us at 0708 822 583 or 0715 856 848. You can also email us at sale@nakurumeadows.co.ke

There are several additional costs associated with buying a home that many people aren’t aware of. These are often called closing costs. Many first-time homebuyers are surprised to find out how much they have to spend in addition to their down payment.

It’s best to know all these potential costs so you won’t be caught off guard when you’re about to close. In some cases, you may be able to get your broker or lender to waive some of the expenses described below.

Stamp duty is an amount of money imposed on leases, transfer of properties, and securities. It is basically tax which is applied on property documents when you’re either buying or selling a house.

The amount of stamp duty paid is dependent on the location and price of the house. The more the property is worth, the higher you pay. For the transfer of immovable property in urban areas, the stamp duty rate is 4%.

Land buying is not a process that you can do on your own, so it is advisable to engage a lawyer who will guide you, and even carry out some tasks on your behalf like carrying out background checks and searches which are meant to confirm that indeed the land that you intend to buy actually does exist.

Valuation is the practice of analyzing real properties developing an opinion on their value using tested and proven scientific process

A valuation is an assessment of what your home is worth, calculated by a professional valuer. A valuation report is typically required whenever a property is bought, sold or refinanced. The valuation fee is paid to cover the cost of preparing a valuation report.

A fee is charged for Consent to Transfer from commissioner of lands and for registration of transfers.

An appraisal fee is a payment made to someone to evaluate how much a home is worth. It is essentially a fee to estimate the value of a property.

An appraisal is also usually needed so that your lender can justify the money it’s lending you for your property

A home inspection is a wise investment. The cost of getting one done could be small compared to potential repair costs after the sale is closed. The price of a home inspection will vary depending on the size of the house, and some lenders will require one before they issue a mortgage.

When you’re about to make a purchase, a home inspector can help uncover any issues with the property. This can allow you to negotiate with the seller if there are problems found. Some sellers may already have a home inspection done ahead of time to save potential buyers from having to hire their own inspectors.

A home inspector will go through the home to see if there are any problems. They’ll check the plumbing, electrical, heating, and air conditioning, windows, walls, floors, ceilings, and other parts of the home to make sure everything is in good condition. They’ll also check out the exterior if you’re buying a house.

The cost of moving can vary. If you rent a truck, get free boxes from work, pack everything yourself and have a few friends help out, the costs will be lower. Hiring a moving company will cost more, depending on the level of service you want. You could have them pack and move everything or just move your belongings.

Many other costs may apply to your situation, such as electricity meter connection costs, water meter connection costs, purchaser’s share of reversionary transfer, cost of purchase of share in the management company, advance service charge which ranges from 3-6 months plus one (1) month’s service charge.