How Your Chama Can Thrive In The Real Estate Sector
A Chama is a group of people who join together to accomplish a specific goal or objective and have a similar attitude and ideology.
For many Kenyans, chamas have developed into a crucial investment enabler. They were founded by both low- and middle-income earners, and they have aided many in realizing their investment aspirations.
Numerous factors, including those listed below, can be used to explain why thousands of Chamas in Kenya have persisted in investing in the real estate sector:
1. Selecting the ideal Chama Partners.
Successful Chamas in Kenya have perfected the knack of starting off with the ideal members who share their interests. If you’re considering starting a Chama to invest in Kenya’s real estate market, make sure you have the right members on board right away.
2. Clarity of vision.
If your goals are unclear, you will either make very little progress or none at all. Instead of starting a Chama just for the sake of starting one, focus on achieving one specific goal. Successful Chamas have a defined vision. They don’t combine so many activities that they run out of time and resources and are unable to complete any of them.
3. Appointing diligent leaders.
The most effective Chama leaders work diligently to ensure that the Chama advances. They accomplish this by paying close attention to the little things and sustaining the drive, inspiration, and encouragement of their members. The Chama will advance if their chief is a hard worker.
4. Having definite guidelines for the Chama.
As a Chama, investing in real estate in Kenya entails planning your savings and committing to your investment ambitions. Successful Chamas have a set of guidelines that direct their actions and keep them productive.
5. Making investments and savings a priority.
In order to invest in real estate in Kenya, one needs to be a deliberate saver who practices discipline. Chamas have always been deliberate when regular savings are made; this is why they have been successful.
6. Avoiding being distracted by a few uncooperative Chama members.
As eager as you are to advance as a Chama, there will be instances when you are unable to reach a consensus. Occasionally, even how fantastic an idea may be, not all group members will concur. Chamas that are successful test and put into practice ideas that are broadly supported by the group.
7. Collaborating with a trustworthy real estate firm in Kenya.
You’ve all worked too hard for your money to lose it in the end. Nicmac Crest should be at the top of your list when choosing a firm to invest with. Chamas who are successful are concerned with finding a reliable real estate company to invest with so that their money is safe.
Given the aforementioned factors, as well as the continued investment in infrastructure and the enhancement of the legal environment, as well as the continued interest of local and foreign players in the Kenyan real estate market, the country’s real estate industry is unquestionably poised for long-term growth. For your Chama, it ensures a return on investment.
