4 bedroom Bungalow for sale in Kyanja Kampala Uganda, code: 174708
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Home for sale seated on 12decimals titled located in Kyanja.
It has 4 bedrooms, 3 bathrooms
Asking 450million ugx.
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🏚️Balcony
🚗Car port
💠Paved compound
🏘️Playground
🏚️Porch
🏞️Specious compound
🏫Tiled roof
🏡Veranda
🚧Wall fence
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QR CODE
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100+ RELATED PROPERTIES
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WHAT IS THE MINIMUM AMOUNT I SHOULD DEPOSIT FOR A HOUSE IN CASÈ AM TO PAY IN INSTALLMENTS?
When you embark on the exciting journey of buying your dream home, one of the critical financial considerations is the minimum down payment. Your down payment depends on several factors that can significantly impact your mortgage, monthly payments, and overall homeownership experience. In this blog post, we'll explore the factors that influence the minimum down payment and offer guidance on how to navigate this important step in the homebuying process.1. Down Payment Percentage.The first thing to understand is that the minimum down payment is typically calculated as a percentage of the home's purchase price. Commonly, this percentage is consistently emphasized to be at least 30%, as outlined in a USAID report titled "Improving Accessibility to Financial Housing Products for Uganda's Health Sector". However, it can vary depending on your specific situation and the type of mortgage you're pursuing. For instance, government-backed loan programs may allow for lower down payments, but they
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FAILING TO ACCURATELY ASSESS A BUYERS’ NEEDS DOES NOT MAKE THE BUYER UNSERIOUS.
As a veteran in the real estate marketing space, I frequently encounter situations where potential buyers, leads, or referrals from the Real Estate Database (RED) were not properly followed up to closing. When I confront agents about these missed opportunities, I often hear excuses such as the lead or potential buyer "was unserious."
This response is frustrating and concerning to me because it implies a lack of effort and professionalism on the part of the agent. It's disheartening to have to repeatedly educate agents about the importance of treating all potential clients with equal respect and diligence, regardless of their perceived seriousness.
It's baffling to me how a potential buyer could come across a 400 million or 600 million property on the Real Estate Database (RED), express interest through an inquiry, arrange for a tour of the property with a real estate agent, and often times even pay search fees, only for the agent to turn around and dismiss the lead as
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CHALLENGES OF BUILDING A REAL ESTATE AGENCY TEAM IN UGANDA.
I have observed that building a successful real estate agency team in Uganda comes with its own set of unique challenges, influenced by factors like licensing regulations, market dynamics, and technological advancements. Here's a detailed look at some of the key challenges faced by agencies in Uganda and how they impact team building efforts. Lack of Licensing Requirements.One of the foremost challenges for real estate agencies in Uganda is the lack of stringent licensing requirements. Unlike in some developed markets where rigorous licensing processes ensure professionalism and standardization, Uganda's real estate sector has relatively lax regulations. This can lead to a proliferation of inexperienced or unqualified agents operating without proper oversight, which can undermine trust in the industry. Easy Entry and Low Cost of Starting Agencies.Another significant hurdle is the ease and low cost associated with starting a real estate agency in Uganda. While this accessibility fosters
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I DON’T WANT A MORTGAGE, I WANT DIRECT INSTALMENT PAYMENTS.
As the operator of the largest database of properties in Uganda, I often receive direct messages from individuals seeking advice on how best to make installment payments for their dream house or land that they have identified on the Real Estate Database (RED).
Considering their needs and specifications, I frequently guide such buyers to RED agents who can negotiate favorable installment terms with developers and landlords. Alternatively, I suggest exploring mortgage options by connecting them with an agent who can provide detailed information on the best available mortgage choices in the market.However, many of these individuals have installment requirements that do not align with the existing options offered by developers or banks. Additionally, a significant number lack a consistent income, the required credit score, or the necessary down payment to qualify for a mortgage. Some may have even attempted and failed the mortgage assessment interview at their banks. When such ind
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THE KEY QUESTIONS EVERY REAL ESTATE AGENT SHOULD ASK THE SELLER.
In the competitive world of real estate, establishing a strong rapport with potential sellers is crucial for success. The ability to connect with clients on a personal level not only makes the selling process smoother but also increases the likelihood of securing the listing.
To achieve this, skilled real estate agents employ a set of key questions designed to build rapport and demonstrate their expertise. In this blog post, Lets explore these essential questions that can help agents connect with sellers and enhance their chances of winning the listing.1. Can you tell me about your property's history.Understanding the seller's emotional connection to the property can provide valuable insights. By asking about the property's history, you not only demonstrate genuine interest but also open the door for the seller to share personal stories and experiences.2. What are your expectations from the sale?Learning about the seller's expectations helps you align your strategies with thei
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EMPOWERING THE YOUTH TO SHINE IN REAL ESTATE.
The world of real estate has long been seen as the domain of experienced professionals, seasoned investors, and established entrepreneurs. However, the landscape is shifting, and an increasing number of young individuals are finding ways to break into the real estate industry. With innovation, determination, and a proactive mindset, the youth of today can also find their place and thrive in this lucrative sector. In this blog, we'll explore how young people can get involved in real estate and build a successful career or investment portfolio.
1. Education is Key
The first step for any young individual interested in real estate is education. Understanding the fundamentals of the industry, including property valuation, market trends, financing options, and legal considerations, is essential. Thankfully, there are various resources available to help you get started:
Online Courses: Numerous online platforms offer real estate courses that cover a wide range of topics. These course
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MORNING MARKET BRIEF - THURSDAY, NOVEMBER 28, 2024
Introduction:
Welcome to the Daily Morning Market Brief, a comprehensive, up-to-the-minute report on Uganda's real estate market. Don't risk missing the pulse of the local real estate scene. Start your day with a Situation Report, Market Overview, or Status Report from the Real Estate Database (RED). Overview:
Uganda's real estate market is experiencing a unique phase of growth and transformation. Key areas such as Kampala, Entebbe, Jinja, and Mbale are seeing noteworthy changes in property trends and market dynamics.Snapshot:
The focus is currently on the residential sector, with a rising demand for affordable housing in urban and peri-urban areas. Areas like Nakasero, Kololo, and Ntinda are witnessing an influx of new developments.Update:
Developers are concentrating on mid-range housing units, responding to the increased demand from Uganda's growing middle class. This is particularly noticeable in areas like Kira, Naalya, and Mukono.Trend:
The trend is now shifting towards sustainab
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THE RISE OF GREEN BUILDING STANDARDS IN UGANDA'S REAL ESTATE SECTOR.
In recent years, the world has witnessed a significant shift towards sustainable living and environmentally conscious practices. One area where this trend is particularly evident is in the construction industry, where green building standards have become increasingly prevalent. Uganda, in particular, is experiencing a surge in the adoption of these standards within its real estate sector.Green building standards involve the integration of various eco-friendly principles and practices into the design, construction, and operation of buildings. This includes strategies to minimize energy consumption, harness renewable energy sources, and utilize sustainable materials. The overarching goal is to reduce the environmental impact of buildings while creating healthier and more efficient spaces for occupants.In Uganda, this movement towards sustainability is driven by several factors. First and foremost is the growing awareness of environmental issues and the need for responsible resource manag
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IF YOUR TENANT IS YOUR FRIÈND, WHAT ARE THE ADVANTAGES AND DISADVANTAGES?
Having a friend as a tenant can come with both advantages and disadvantages. Here are some of them:
Advantages:
Trust: You already have an existing relationship with your friend, so you may trust them to take care of your property and pay rent on time.
Communication: It can be easier to communicate with a friend, as you may be more comfortable discussing issues related to the property and resolving any problems that arise.
Flexibility: Your friend may be more understanding if there are any issues with payment or the property, and may be more flexible with the terms of the lease.
Convenience: It may be more convenient to have a friend living in your property, as they are already someone you know and trust, which can save you time and effort when finding a new tenant.
Disadvantages:
Strained Relationship: If any issues arise with the property, it could put a strain on your friendship, which could be difficult to repair.
Financial Concerns: It's
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ENTER YOUR DETAILS BELOW AND IVAN WILL CALL YOU BACK REGARDING THE PROPERTY WITH CODE# 174708
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INSTALLMENT PAYMENT INQUIRY FORM
Please fill out the inquiry form below with all required details. You will receive a response from Goldmine Finance within 48 hours, advising you on installment payment options for your preferred property based on the information provided.
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