2 bedroom Bungalow for sale in Bulenga Wakiso Uganda, code: 211675
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This nice home ready to be taken by any family looking for a steady place to stay, it offers 2 bedrooms, bathrooms, sitting room, a dining room and is situated on 11 decimals private land title with quality finishing and is priced at a very reasonable price of 60,000,000 million shillings which is slightly negotiable.
The home has been tastefully designed with a lovely compound, a septic tank, a porch, a veranda, playground, enough parking lot, a water tank, and a store, a balcony, built-in wardrobes, cable tv, ceramic tiles, a garden area, boy's quarters, a compound, a wall fence, and a soak pit, all these amenities make it easy to manage the property and ensure that it remains well-maintained.
Don't miss out on this opportunity to live in a home that offers the perfect balance of comfort and convenience.
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🏚️Balcony
🚪Built in wardrobes
📡Cable TV
🔶Ceramic tiles
🌹Garden area
🚘Lots of parking
🚿Out door shower
💠Paved compound
🏘️Playground
🏚️Porch
🕳️Septic tank
🏘️Servants quaters
🕳️Soak pit
🏞️Specious compound
🚪Store
🏡Veranda
🚪Walk in closet
🚧Wall fence
🚰Water tank
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100+ RELATED PROPERTIES
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THE MINIMUM SIZE OF LAND REQUIRED FOR A LAND TITLE IN UGANDA.
Obtaining a land title is a crucial step in establishing ownership, but there are regulations that dictate the minimum size of land eligible for titling. The Ministry of Lands, Housing, and Urban Development has a policy that limits the issuance of land titles for plots smaller than 12.5 decimals (approximately 0.125 acres or 0.051 hectares) or smaller than 50x100 feet (approximately 0.046 hectares) in size. Key Objectives of the Policy.
1. Encouraging Land Consolidation: By limiting titles for smaller plots, the policy aims to encourage the consolidation of small plots into more economically viable landholdings. This promotes better land utilization and encourages larger, more productive estates. 2. Simplifying Land Administration: Managing small, fragmented plots can be administratively complex and costly. By setting a minimum size requirement, the government reduces the complexities involved in land management.3. Promoting Efficient Land Use: Larger consolidated
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A COMPREHENSIVE GUIDE TO REAL ESTATE TAXES IN UGANDA.
Real estate investment in Uganda can be a profitable venture, but it is essential to understand the various taxes that come with it. Taxes such as property rates, withholding tax, and stamp duty can significantly impact an investor's financial bottom line. Here's a comprehensive guide to real estate taxes in Uganda that every property owner or investor should know:Withholding Tax.
In Uganda, withholding tax on rental income is applied to individuals and companies earning income from renting out properties. This tax is deducted at the source by the tenant when making rental payments to the landlord and is then remitted to the Uganda Revenue Authority (URA). The law specifies the parties responsible for withholding the tax (tenants) and those from whom the tax is withheld (landlords), depending on the nature and circumstances of the transaction.Tenants are legally obligated to remit the withheld tax (or the amount that should have been withheld) to URA within 15 days after the end of
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ENCOURAGING TIMELY RENT WITH INCREMENTAL FEES AND SMALL PAYMENTS.
In property management, maintaining timely rent payments is crucial for smooth operations and financial stability. Implementing an effective system for managing late fees can significantly impact tenant behavior and improve cash flow. An incremental late fee structure, combined with encouraging small, frequent payments, can address these challenges efficiently.Incremental Late Fees: Creating a Sense of Urgency.One effective strategy to ensure timely rent payments is to implement incremental late fees. This approach means that the longer tenants delay their payments, the higher their late fees become.
For instance, a tenant who misses the due date might incur a modest fee, but if the payment is delayed further, the fee increases progressively. This structure serves to emphasize the growing cost of procrastination and motivates tenants to pay their rent promptly.By applying this incremental model, tenants are more likely to prioritize their rent payments, as they are aware that
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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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WHY WE USE THE WORD CHEAP IN REAL ESTATE DÁTABASE (RED) MARKETING.
Language matters a lot within the world of real estate, especially when it comes to attracting the right buyers. On the Real Estate Database (RED), you might notice that the word "cheap" appears frequently in our property titles, blogs, and other content. This is not a coincidence, it's a strategic decision that plays a significant role in helping buyers find the properties they're searching for online. Let's unpack why we've chosen to embrace this term, despite some of the mixed opinions it may evoke. Buyers Search for "Cheap," Not "Affordable".When it comes to online searches, words carry weight. Data shows that most buyers in Uganda looking for land or houses turn to Google with search phrases like "cheap residential land for sale in Bulindo" or "cheap bungalows for sale in Kisaasi". This is especially true for local businessmen and women who are serious about making purchases. Interestingly, the word affordable, a term that some perceive as more polished or appro
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QUESTIONS TO ASK BEFORE HIRING A PROPERTY MANAGER
Are you thinking of hiring a property management company? Then you need to ask the right kind of questions. With the right questions, you stand a high chance of selecting an efficient, effective and reputable property management company.Here are some general questions to ask a property manager before hiring them.
What services do you offer clients?Managing a potential property comes with many responsibilities. From finding tenants and dealing with complaints, to initiating evictions. You want to hire a property management company that can handle multiple functions.For instance, they should be able to administer in-depth background checks, conduct inspections, and provide top-notch maintenance.What’s your level of experience?Obviously, you’re looking for a property manager who’s well experienced. You wouldn’t want a property manager who’s been in the business for several months, would you? Preferably, look for someone who’s been in the business for n
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MORNING MARKET BRIEF - THURSDAY, DECEMBER 19, 2024
Introduction: Welcome to the Daily Morning Market Brief, your indispensable source of insights on Uganda's real estate market. This comprehensive digest offers you a pulse on the market trends, enabling you to make informed decisions. Let it be known - to start your day without reading or listening to a Daily Morning Market Brief, Situation Report, Market Overview, or Status Report from the Real Estate Database (RED) is to risk missing the pulse of the local real estate market.Overview: Uganda's real estate market is showing signs of steady growth. The property landscape is experiencing a surge in both commercial and residential properties, especially in key urban zones like Kampala, Mbarara, and Gulu. Snapshot: The market is currently witnessing an uptick in demand for affordable housing, with middle-class families seeking properties in suburbs like Ntinda, Nakawa, and Bukoto. Commercial properties are also seeing a steady interest in the central business district and industrial areas
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WHAT YOU NEED TO KNOW ABOUT A PURCHASE AND SALE AGREEMENT
A House Purchase and Sale Agreement is a legal document that outlines the terms and conditions of the sale of a house in Uganda. This agreement is a crucial step in the buying and selling process, as it defines the rights and obligations of both the buyer and the seller.
In Uganda, a House Purchase and Sale Agreement should be in writing and signed by both parties. The agreement should clearly state the purchase price, the closing date, the payment terms, and any warranties or guarantees offered by the seller. It should also specify the responsibilities of each party during the transaction, such as the transfer of ownership and the payment of any taxes or fees.
For example, the agreement may state that the buyer is responsible for obtaining financing and that the seller is responsible for providing a clear title to the property. The agreement may also specify that the buyer is responsible for any repairs or renovations that need to be made, while the seller is responsible for
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WHAT ATTRIBUTES AND FEATURES ARE PROPERTY BUYERS IN UGANDA CURRENTLY LOOKING FOR?
The real estate market in Uganda is experiencing significant growth, with property buyers seeking homes that fulfill their specific needs and preferences. Understanding the attributes and features that buyers in Uganda are currently looking for can provide valuable insights for both sellers and buyers in this dynamic market. In this blog, we will explore some of the key attributes and features that property buyers in Uganda are currently seeking.
Location and Accessibility:
Location remains a top priority for property buyers in Uganda. Proximity to essential amenities such as schools, hospitals, markets, and transportation hubs is highly desirable. Buyers prefer properties that are conveniently located, offering easy access to major roads and public transportation. Additionally, areas with low crime rates and a sense of security are particularly attractive to buyers.
Affordability and Value for Money:
Affordability plays a crucial role in property purchase decisions in Ugan
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ENTER YOUR DETAILS BELOW AND SPARTA WILL CALL YOU BACK REGARDING THE PROPERTY WITH CODE# 211675
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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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