Sn 1 EP 11: Authoritative Guide to Off-Plan Home Purchasing – Insights From The Book, Don’t Buy That House, By Nashon Okowa

Sn 1 Ep 11: Authoritative Guide to Off-Plan Home Purchasing – Insights From The Book, Don’t 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.

One would imagine that because of the amount of wealth that has been wiped off the books by the collapse of these off-plan home purchasing schemes without any due recourse to investors, more would have been done, say by state agencies that affect policy and regulation in the marketplace, to secure investors’ rights. It would also stand to reason that home buyers in these schemes would take a lot more care in assessing the risk(s) associated with these schemes. 

Sadly, this hasn’t been the case.

Don’t Buy That House, By Nashon Okowa

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 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.

We start this episode by initially taking a detour into my journey in this world of podcasting so far, the need for investors to become judicious in their forays into the marketplace before eventually meandering into a discourse about the book. 

By far the most authoritative guide I have found to date on the subject, I urge you, Don’t Buy That House.

At least not until you have read this book.

Then thank me later!

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Sn 1 Ep 11: Authoritative Guide to Off-Plan Home Purchasing – Insights From The Book, Don’t Buy That House, By Nashon Okowa

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