+254 716 304996
NYALI Beach Road, Mombasa, Kenya
[email protected]

FAQs

For Real Estate Investors:

What are the best locations to invest in Mombasa real estate?Toggle title

Answer: At Bob Homes, we specialize in identifying prime locations like Nyali, Bamburi, and the North Coast region. These areas are popular for both residential and commercial investments due to their proximity to beaches, malls, and growing infrastructure.

What is the expected return on investment (ROI) for rental properties in Mombasa? (Toggle title)

Answer: Mombasa offers a promising rental yield of 6-8% annually, depending on the location and type of property. Our team can help you assess the best opportunities for maximizing your ROI.

What should I consider when buying property for short-term rentals (Airbnb)?

Answer: We recommend investing in properties near tourist attractions, beaches, or business hubs. High demand for vacation rentals means properties with great views or luxury amenities can fetch premium rental rates. Bob Homes can guide you on properties that offer these advantages.

How do I know if a property is zoned for commercial or residential use?

Answer: Understanding zoning laws is crucial. At Bob Homes, we provide complete due diligence on zoning regulations to ensure the property you choose aligns with your investment goals, whether it’s residential or commercial.

What are the key legal steps in purchasing investment property in Kenya?

Answer: Purchasing property involves due diligence, title searches, signing the sale agreement, and transferring ownership. We collaborate with experienced legal professionals to streamline the process and ensure your investment is secure.

How can I finance my real estate investment?

Answer: Investors have several options, including bank mortgages, private loans, and partnerships. Bob Homes can connect you with trusted financial institutions to explore the best financing solutions for your investment goals.

For Home Buyers:

What is the process of buying a home in Kenya?

Answer: The home-buying process involves identifying a suitable property, conducting a title search, negotiating the price, signing a sale agreement, and transferring ownership. Bob Homes guides you through every step to ensure a smooth transaction.

How do I know if a house is priced fairly?

Answer: At Bob Homes, we conduct a thorough market analysis to determine fair market value based on the location, size, and condition of the property. We’ll help you negotiate the best price.

What should I look for during a property inspection?

Answer: Key factors include structural integrity, plumbing, electrical systems, and general maintenance. Our team can arrange for professional inspections to ensure the property meets all standards before you make a commitment.

Can I buy property as a foreigner in Kenya?

Answer: Yes, foreigners can purchase property in Kenya, although there are restrictions on owning agricultural land. We provide expert advice to help you navigate the legal requirements and make a secure purchase.

What additional costs should I budget for when buying a home?

Answer: Aside from the purchase price, buyers should budget for legal fees, stamp duty (usually 4% of the property value), valuation fees, and any necessary repairs. We provide transparent guidance on all costs to avoid surprises.

How can I determine the right neighborhood for my family?

Answer: Bob Homes offers detailed insights into various neighborhoods in Mombasa, considering factors like schools, security, proximity to amenities, and overall lifestyle. We’ll help you find the ideal location for your family’s needs.