HOW TO CONSTRUCT YOUR HOUSE WITH 0% INTEREST RATE:STEP BY STEP CONSTRUCTION

HOW TO CONSTRUCT YOUR HOUSE WITH 0% INTEREST RATE:STEP BY STEP CONSTRUCTION

Currently, most banks have pushed up their borrowing rates to an average of 25% % p.a.

This means that the cost of borrowing to construct buildings will be too high for many Kenyans.

INFLATION

Last month [October 201], the inflation rate in Kenya stood at 18%.

This means that the cost of building materials and labour will increase in tandem with the inflation rate. Inflation is the loss of value of currency whereby for example if KES 1000 could buy 1 ton of sand in one month, after an increase in inflation, the KES 1000 would only purchase lesser quantities or the price of 1 ton increases to more than KES 1000 in tandem to the rate of inflation at the specific month.

To tame the spiraling inflation, Kenya’s Central bank has pushed the base lending rate for banks high so as to create scarcity of money in the market. This creates a lower demand for goods and services hence lower prices [theoretically].

STEP BY STEP CONSTRUCTION

With banks holding on to their money through high lending rates, the option of constructing in phases becomes very attractive.

From DIAMOND HOUSE V 2.5

This means that with personal savings of whatever reasonable amount, someone can commence construction works literally brick by brick. www.a4architect.com Diamond House design assists by coming up with a house design that can be constructed in3 phases-phase 1-one bedroomed units, phase2-second bedroom addition and phase 3-third bedroom addition.

SUB-PHASES

Each of the Phases is then divided into 13 sub phases.

For example, when someone starts with the Phase 1-one bedroomed unit, he/she can do the foundation as a sub phase, wait till they amass more capital, and do the walling as a second phase e.t.c till the last phase.

13 SUB-PHASES

13 SUB-PHASES OF CONSTRUCTION

 

 

DIAMOND HOUSE BY WWW.A4ARCHITECT.COM

 

APPROXIMATE COSTS PER SUB-PHASE

 AMMOUNT -LOW COST FINISHES

 AMMOUNT -MIDDLE COST FINISHES

 AMMOUNT -HIGH COST FINISHES

1

Substructures[Foundations]      216,766.44        324,198.93        431,631.42

2

Reinforced Concrete Frame[Ring beam]       79,252.80        118,531.60        157,810.40

3

Superstructure walling-masonry stone       99,181.82        148,337.73        197,493.63

4

Roof structure, covering, finishes and rainwater goods-GCI roofing sheets       86,453.04        129,300.38        172,147.72

5

Windows-louvre       44,505.60          66,563.20          88,620.80

6

Doors       64,642.56          96,680.32        128,718.08

7

External finishes       29,986.56          44,848.32          59,710.08

8

Floor Finishes-cement screed       12,289.20          18,379.90          24,470.60

9

Wall Finishes-plaster on paint       42,408.00          63,426.00          84,444.00

10

Ceiling Finishes       50,789.28          75,961.16        101,133.04

11

Sanitary Fittings       34,108.80          51,013.60          67,918.40

12

project management       34,627.50          51,789.38          68,951.25

13

Septic tank, Electrical Wiring,Plumbing      165,300.00        247,225.00        329,150.00
Sub Total    960,311.60   1,436,255.51   1,912,199.42
CONSTRUCTION SUPERVSION       24,007.79          35,906.39          47,804.99
Total Estimate    984,319.39   1,472,161.90   1,960,004.41

 

 

 

To maximise land use, www.a4architect.com has come up with a master plan that will enable 2 complete three bedroomed units each with own compound and 2 car parks to fit within a 50 by 100 feet plot.

From DIAMOND HOUSE V 2.5

This will enable someone to make maximum use of a 50 by 100 feet plot and reap the benefits.

 

Architect Francis Gichuhi Kamau

www.a4architect.com

info@a4architect.com

+254721410684

 

 

Francis Gichuhi (692 Posts)

Architect Francis Gichuhi . B.Arch. University of Nairobi. Registered Architect, Kenya. Member, Architectural Association of Kenya. Contacts. email info@a4architect.com. Telephone +254721410684


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