OFF-PLAN HOME PURCHASING – INSIGHTS FROM THE BOOK, DO NOT BUY THAT HOUSE, BY NASHON OKOWA

Off-plan home purchasing schemes are often the subject of mixed sentiment in the property market in Kenya.
On the one hand, off-plan home purchasing schemes are considered an ideal pathway for home buyers to secure homeownership due to the perceived property discounts, flexible payment plans and other benefits often attached to these schemes. I say “perceived” because that’s the impression that is created. Is this the reality though, or is this just the marketer’s spin?
On the other hand, given the number of these off-plan home purchasing schemes that have failed to deliver on homebuyers’ expectations, those that were ostensibly set up to take advantage of unsuspecting homebuyers and those that may have collapsed without actually delivering homes to investors, it is easy to see that they carry an inordinately high level of risk which one must consider carefully before engaging with the property developers pushing them in the market.
In his book, Don’t Buy That House, Nashon Okowa makes a case for investors to exercise prudence, caution and tenacity in arriving at the decision to purchase property in off-plan home purchasing schemes. He elaborates in great detail on a methodology that home buyers can use to make a clear-headed, rational assessment of their decision. In this episode, I provide a review of this book, including some of my personal sentiments on the subject of investing in property in off-plan home purchasing schemes with a view to helping investors understand some of the pertinent questions they ought to pose whenever they are considering the decision. Don't Buy That House.
At least not until you have read this book.
We’d love to receive your feedback.

Support the Podcast:
Use Mpesa: Till 136596 [Odyssey Africa]

Buy the Book:

Music: Springtime In The Tropics # 51138859713