Discover the benefits of buying off plan apartments in Nairobi, including lower prices, flexible payment terms, and the opportunity to customize your future home. Learn why investing early can give you a higher return on investment.
In today’s real estate market, there’s a rising trend that savvy investors and homebuyers are taking advantage of – buying off plan apartments. I’ve always found the concept intriguing and after doing my research, I’m convinced it’s one of the smartest moves you can ever make. This is especially in a fast-growing city like Nairobi. The benefits of buying off plan apartments in Nairobi are numerous, and in this piece of content, I’ll break down why this strategy can offer significant value to you as a first-time buyer or a seasoned investor.
1. Lower Prices and Better Deals
One of the most compelling benefits of buying off plan apartments in Nairobi is the pricing. Typically, when developers are just starting on a project, they offer units at much lower prices compared to what the market value will be upon completion. This means that by purchasing an off-plan apartment, you’re locking in today’s price, while your property’s value appreciates over time.
I’ve seen this happen with many developments in Nairobi. Friends who bought off plan were able to purchase at 20%–30% less than what the final buyers paid after the apartments were completed. By getting in early, you’re not only saving money but also securing a property that’s likely to increase in value once it’s finished.
2. Flexible Payment Plans
I know how challenging it can be to raise the entire amount for an apartment upfront. Fortunately, another advantage of buying off plan apartments in Nairobi is the flexible payment structure most developers offer. When buying off-plan, you typically only need a deposit (usually between 10% and 20% of the price), with the remaining balance paid in installments over the construction period.
This staggered payment plan makes homeownership more affordable for many people. It allows you to budget over a longer period, making it easier to manage finances. From personal experience, spreading out payments can really reduce the financial stress compared to needing to secure a large lump sum when buying a ready apartment.
3. Customization Options
One of the exciting benefits of buying off plan apartments in Nairobi is the ability to customize your living space. When purchasing early, you often have the chance to make changes to the interior layout, finishes, and fittings. If you’re like me and want a home that reflects your personal taste, this is a fantastic opportunity.
I’ve always been particular about the design of my living space, and the chance to work with the developers to tweak a few things here and there is a huge plus. Whether it’s choosing your preferred kitchen countertops, selecting the color palette, or even adding a walk-in closet, off-plan purchases allow you to personalize your home in ways that wouldn’t be possible with a completed property.
4. Potential for Higher Returns on Investment
Investing in off plan apartments in Nairobi can also be highly profitable. This is because Nairobi’s real estate market is growing rapidly. Numerous new developments are popping up across the city. When you buy off plan, you’re investing in the future potential of the area. Once the project is completed and the demand for housing increases, the value of your property is likely to rise.
For instance, I’ve seen off plan buyers sell their units at a much higher price once the project is finished, yielding significant returns. This is especially true for developments located in prime areas like Kilimani, Westlands, and Karen. If your goal is to invest for future profits, buying off plan gives you a clear advantage over purchasing a completed unit at market price.
5. Modern Designs and Amenities
New developments in Nairobi are increasingly incorporating modern architectural designs and amenities. I’ve noticed that most off-plan apartments come with state-of-the-art facilities such as gyms, swimming pools, kids’ play areas, and even co-working spaces. Buying off plan apartments ensures that you’re getting a home that meets current trends and standards.
Older properties, while charming, often lack these modern conveniences. Developers are now keen on creating communities that cater to contemporary lifestyles. When you buy an off plan apartment, you can expect sleek, modern living spaces designed to appeal to today’s urban dwellers.
6. Securing a Prime Location
One thing I love about off plan properties is the chance to buy in some of Nairobi’s most desirable areas before prices skyrocket. As new developments come up in locations such as Lavington, Kilimani, and Upper Hill, early buyers can secure units in prime spots. This gives you the benefit of being part of an up-and-coming neighborhood before it becomes too expensive.
For me, this is one of the biggest draws of buying off plan apartments in Nairobi. It’s about future-proofing your investment. Once the development is completed and more people move into the area, the demand for housing increases, and so does the value of your property.
7. Developer Incentives
Another advantage I’ve come across is that developers sometimes offer incentives to attract early buyers. These could be in the form of discounts, upgraded finishes, or free parking spaces. I’ve personally seen promotions where buyers got significant discounts on the total purchase price, simply by being among the first to reserve a unit.
It’s a win-win situation. Developers want to sell as many units as possible early on to finance the construction, and buyers get to benefit from the lower prices and extra perks. If you keep an eye on the market, you can take advantage of these deals and get more value for your money.
8. Reduced Competition
When buying a completed apartment in Nairobi, you often have to compete with other buyers. This can lead to bidding wars or having to settle for a less desirable unit. However, with off plan purchases, you get to pick your preferred unit first, whether it’s the corner apartment with the best views or one that gets plenty of natural light.
I personally love the idea of having first choice. By purchasing off-plan, you can secure the best unit before the competition heats up. This is especially important if you’re looking for a specific layout, floor level, or facing direction.
9. Better Financing Options
Lastly, buying off plan apartments in Nairobi can give you access to better financing options. Many developers have partnerships with banks that offer favorable mortgage terms to buyers. These exclusive deals can make the entire purchasing process more affordable and less stressful.
If you’re like me, securing the best mortgage deal is essential when buying property. Having the developer work directly with banks to arrange financing can simplify the process and save you time and money in the long run.
Take the Action
The benefits of buying off plan apartments in Nairobi are undeniable. From lower prices, flexible payment plans, and customization options to potential high returns on investment, there’s so much to gain from getting in early. Personally, I think it’s one of the best strategies for anyone looking to own a home or make a solid real estate investment in this city.
If you’re considering it, now might be the perfect time to dive into the off plan market. The opportunities in Nairobi are vast, and by acting quickly, you could secure your dream home or a profitable investment.
Whether you’re buying for personal use or as an investment, off plan apartments offer a range of benefits that are hard to ignore.
Capital Garden Apartments Kilimani is currently off plan. You can book 1,2&3 bedrooms before the completion. You can reach out to +254112199999 or [email protected] for more information.
