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The Mortgage Company,
The Greenhouse, 2nd Floor
Adams Arcade, Ngong Road
P.O. Box 29310-00100, Nairobi

Tel: +254 729 933955, +254 737 933955
Email: info@tmcafrica.com
www.tmcafrica.com
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3 facts about Experienced Developers
  • A good location doesn't mean the best area in town when you are a developer. If you buy in the centre of the best area then you are going to pay the highest price and that doesn't leave you any room to make a profit.
  • Some of the most successful property developers specialize in buying in what most people would consider the worst possible locations, when in fact they are great locations for developing property, making large profits.
  • You make your profit when you sell completed property developments, thus, it is essential to pay the right price for the Land to be developed. If you pay over the top for something, however good it may seem, you are not going to be able to make a decent profit because the margins are so slim.
 
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Did you know

Is the deposit % same on an Islamic Mortgage as a normal Home Mortgage?

What the experts say

FALSE, It is against Islamic law to pay or receive interest, you arrange a sale price with the vendor as normal, however the bank pays the purchase price, then immediately sells the house to you at a higher price. It is a very private process and details remain undisclosed.
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