Ronald T Nembabazi is the CEO of Nembabazi Real Estate Ltd that started in 2018 in Mbarara city and later expanded to different districts of South-western region with one goal in mind - to deliver a superior client experience. He focused on consistent performance and client satisfaction which remain the cornerstone of the company's philosophy. He brought a technical understanding of Real Estate Sales that allowed him to excel in his career as a middle man. He is able to see larger, global trends that exist in today's complex world economy which results in accurate predictions and advice for his clients in aspects of real estate without compromising the future generation. Ronald T Nembabazi has a true passion for real estate and home ownership. He has helped over 1,000 families with their real estate needs and has crossed over One Billion shillings in sales due to his creative marketing and ability to stay on the cutting edge of environment and urban planning. Nembabazi believes in the product he sells and has lived, invested and enjoyed the Mbarara city and neighboring district in South western Region. He believes that living by a set of core values helps define the true measure of a company such as integrity, teamwork, communication, respecting, preserving, and promoting the neighborhoods. The core values shape the culture and define the character of a company with the goal of delivering the intended services to the clients. Ronald is also a member of AREA UG and he's the chapter chairperson Mbarara chapter AREA UG is Association of real estate agents in Uganda un umbrella that covers all practitioners in the sector.
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When Should Someone Buy Land?

When Should Someone Buy Land?

Buying land is a significant investment decision that requires careful consideration of various factors. Here’s a step-by-step guide to help determine the right timing for purchasing land:

1. Assess Your Financial Situation

Before making any investment, it’s crucial to evaluate your financial health. Ensure you have:

  • Sufficient savings or capital for a down payment (typically 20% to 50% for land).
  • A clear understanding of your budget, including potential ongoing costs like property taxes and maintenance.

2. Understand Market Conditions

The real estate market can fluctuate based on economic conditions, interest rates, and local demand. Consider:

  • Buying during a buyer’s market when prices are lower and inventory is higher.
  • Monitoring trends in land prices in your desired area to identify potential appreciation.

3. Identify Your Purpose for Buying Land

Your reason for purchasing land will influence the timing:

  • If you plan to build a home, consider buying when construction costs are favorable.
  • For investment purposes, look for areas with projected growth or development plans.

4. Evaluate Location and Zoning Laws

Research the location thoroughly:

  • Ensure the land is in an area with growth potential or desirable amenities.
  • Check zoning regulations to confirm that the land can be used for your intended purpose (residential, commercial, agricultural).

5. Timing Related to Personal Circumstances

Consider personal factors such as:

  • Job stability: Are you settled in your career?
  • Family considerations: Are you planning to start or expand your family?
  • Long-term goals: Do you intend to hold onto the land as an investment or develop it soon?

6. Seasonal Considerations

Certain times of year may be better for buying land:

  • Spring and summer often see more listings and options available.
  • Fall might offer opportunities as sellers may want to close deals before winter.

7. Consult Professionals

Engage with real estate agents or financial advisors who specialize in land purchases:

  • They can provide insights into market trends and help identify suitable properties.
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Real Estate Businesses In Uganda

Real Estate Businesses In Uganda.

Dealing in selling, renting and buying of land, houses and apartments, real estate business has presently become a major area of business in Uganda
 
Profit earning is the main focus for all the stakeholders in the real estate business, brokers, managers and the owners of the property among others. The business entails different opportunities, which include the real estate brokerage where a middleman between the property owner and the buyers or the tenants charge a specific fee or is paid commission.
 
Land real estate development involves an individual buying land which he/she improves and then divide it into small units for selling at a profit, commercial real estate development is where an individual constructs units for a monthly fee, condominium real estate development in which an individual/group of individuals construct a building and divide into small units for sale.
 
A real estate management is where an individual manages a property owned by some one else and the Uganda real estate appraisal in which an individual is employed to provide professional real estate valuation services.
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What to look for when buying a house in Uganda.

 

What to look for when buying a house in Uganda
Buying a home? You wouldn’t purchase a car without investigating what’s under the hood, or buy shares without deciphering the returns on your investment. So don’t cut corners when it comes to your biggest investment of all: Your family home.

If you’re about to jump into the market and invest in a property, consider these tips.

There’s no such thing as a perfect plan

Investing in property, or planning a refurbishment, requires a degree of compromise. It’s unlikely you’ll walk into a unit, townhouse or single dwelling that ticks all your boxes.

Determining what you can live without and what you can’t is super important. A floor plan that’s open and spacious might be appealing at first glance, but when your kids are watching TV in the living room, this layout could make it hard for you to concentrate in your adjacent home office.

Weigh up the pros and cons when looking for the right floor plan for you.

 

Get familiar with what you need Vs what you want

This kind of overlaps my first point. Everyone wants it all bigger and better. Ocean views, wine cellar, media room, play room, pool… the lot. But is bigger seriously better? Have you ever taken a moment to really ponder what you actually need?

How do you use your house? What makes you tick? What things make a space great? For some people, a sense of volume and height achieved through void space is more important than added floor space. Perhaps a green oasis makes your heart sing, but rather than a big backyard you’ll have to maintain, a courtyard with potted plants might suffice.

Good design doesn’t have to be ostentatious, in fact, the best design is often the most simple. Small is the new big.

 

Development Applications: Know your stuff

Your eyes may glaze over at the thought of reading local planning controls but there truly is value in knowing your stuff if you’re planning to renovate now or in the future.

Should you strike gold and chance upon a property with an already approved plans, consider yourself lucky. Obtaining planning approvals can be an onerous and costly process. So your plan might not look too fancy now, but imagine how much better that view will be when you build your second storey!

 

Budgets & what belies the facade

Foundations, footings, and skins may not sound as sexy as polished floorboards, appliances and abundance of natural light but let me tell you, these terms need to be on your radar.

The next time you see floor-to-ceiling windows in a property description, ask yourself this: Are they single or double glazed? Double glazing will significantly reduce transfer of noise and keep you warm in the winter, as will a double skin construction.

Also, steer clear of sweaty walls. Sweat means wet, and wet means damp. Last but not least, footing/foundation fundamentals are a must. Shallow and unstable foundations result in movement and cracking, and before you know it, what was once a mini refurbishment turns into a full blown new build.

Sexy or not, these big-ticket items require investigation before you can decide if this is the house for you.

 

Think long term

Don’t be blinded by bling. There isn’t great value in floor finishes, countertops and appliances. The real value is in spatial qualities like proportion, scale and flow.

So when investing in property, take your Critical Hat off and put your Potential Hat on – rather than seeing the peeling paint and the canary yellow kitchen, choose to see what a property may have to offer.

Ask yourself: Does it have room to grow? Is there a basement I could turn into a home office or rumpus room for the kids? Is there room in the garden for a granny flat or a pool? Instead of going straight for the palace, opt for the slightly less beautiful house with good bones and extra girth, and make it your own.

 

When weighing your options, look at every unit, house or dwelling with open eyes and register where the golden opportunities lie within each. Most importantly, don’t overextend yourself.

Consider how much upfront renovations will add to your mortgage and factor that in when considering how much your baseline truly is. In other words, pick a house that fits within your budget.

Don’t get sucked in by the fancy agent speeches or what your best friend just bought. This is yours, and yours for life, so take the time and do your research.

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Your Essential Guide To Property Buying in Uganda

 

Your Essential Guide To Property Buying in Uganda
Some people are purchasing real estate to get started off as an investor, while others are just looking for a nice family home to move into. Where ever you fall on Nembabazi real estate, you need to be informed as a buyer before you put your money down and purchase property. These tips will help you.

To make sure you get a good home, you should pay attention to details such as appliances. Most people will sell their kitchen and bathroom appliances with their home. Make sure everything functions properly and does not look too old. Check the furnace too. If anything looks too old, do not forget to include it in your budget.

The advertised price of a home is just a starting point. Remember that it is not set in stone and is meant to only give you an idea about how much the seller is looking to get out of it. Negotiate until you find a price that you are both comfortable with.

Be open to new possibilities until you have made your final decision. Houses come on the market every day. If you’ve found a house that you like, keep your eyes open for a house you may love. Working with a realtor will come in handy for this aspect of home buying as they usually have access to new properties before the general public.

If you want to have a good experience buying a home you should find an agent who communicates on the same level as you. Some people will need more contact with their agent during the process, and can find it frustrating, if they are dealing with a very busy agent.

One important tip when it comes to real estate, is to make sure that you keep a detailed journal of everything that you do throughout the process. This is important as either the buyer or the seller, because it will help to ensure that not only do you know how well you are accomplishing your goals, but will also be a good record in case you need proof, if an unforeseen circumstance arises.

One important tip when it comes to real estate is to check the history of the area to see if there have been any natural disasters in the past. This can hopefully save you from property damage or loss of life with your home choice. This mainly is a tactic to use when moving to a new and unfamiliar territory. Such occurrences as flooding, wildfires and earthquakes tend to repeat in the same geographical areas.

When buying or renting real estate try to find simple solidly built houses. High priced features may be flashy but are they really going to be useful to you? At some point in the future there will be a repair bill for it that matches the high price as well.

Purchasing to live or purchasing to sell, it doesn’t rightly matter what your intentions are. The important thing is that you always find the best property out there for the best price. Use the tips you’ve learned in the above article and you should have no trouble making a solid real estate deal.