Eldoret’s real estate market is expanding rapidly, with gated communities becoming increasingly popular for their security, exclusivity, and modern amenities. For those looking to buy a home in a gated community, a key decision is whether to opt for a 2-bedroom or a 3-bedroom house. This article will explore the factors to consider, including cost, return on investment (ROI), and ideal buyer profiles (singles vs. families), with a focus on 2-bedroom gated community houses for sale in Eldoret.
We have seen an increased search and questions asked why can’t you have 2-bedroom gated community houses for sale in Eldoret M&S Zao homes project. So the question is why 2-bedroom and not 3-bredroom?
Understanding the Eldoret Market
Eldoret is becoming a prime destination for real estate investment due to its growing economy, strategic location, and rising demand for quality housing. Gated communities in Eldoret offer a secure and well-planned environment, attracting both homeowners and investors.
Cost Comparison
Generally, 2-bedroom houses are more affordable than 3-bedroom houses. This difference in cost can be attributed to several factors:
- Size: 2-bedroom houses are typically smaller, requiring less construction material and labor.
- Target Market: Developers often market 2-bedroom houses to first-time homebuyers, smaller families, or investors looking for more affordable rental properties.
For example, a 3-bedroom bungalow in Zao Homes Kapsaret starts at KES 7.5 million. While the document doesn’t specify the price of a 2-bedroom house, it’s reasonable to expect it to be lower. This price difference can be significant, influencing the buyer’s decision based on their budget and financial goals.
Return on Investment (ROI)
Both 2-bedroom and 3-bedroom houses can offer good ROI, but the returns may vary:
- 2-Bedroom Houses:
- Higher Rental Demand: These houses are often easier to rent out, especially to young professionals, small families, or students.
- Faster Appreciation in Some Areas: In rapidly developing areas, the demand for smaller, affordable units can drive up prices quickly.
- 3-Bedroom Houses:
- Long-Term Family Appeal: These houses are ideal for families, offering stability and long-term occupancy.
- Higher Resale Value: Generally, 3-bedroom houses command a higher resale value due to their broader appeal.
According to our Zao Homes Kapsaret data, a 4-bedroom villa can generate a monthly income of KES 180,000 on Airbnb, demonstrating the potential for strong rental income in Eldoret. While 2-bedroom houses may not command the same rental price, their higher occupancy rates can also lead to attractive returns. However, there could be high tenancy rate like 80%-95% occupancy since many people who want Airbnb want a small unit either for 2 or 3 people hence 2 bedrooms are likely to be popular for such venture.
Ideal Buyer Profiles
The ideal buyer for a 2-bedroom house differs from that of a 3-bedroom house:
- 2-Bedroom Houses:
- Singles and Young Professionals: These homes offer a comfortable and manageable space for individuals starting their careers or living alone.
- Couples: Newly married couples or those without children may find 2-bedroom houses ideal.
- Investors: These properties are attractive for those seeking rental income, as they are relatively affordable and in high demand.
- 3-Bedroom Houses:
- Families: These houses provide the extra space needed for children, guests, and home offices.
- Long-Term Homeowners: Buyers planning to settle down and raise a family often prefer the stability and space of a 3-bedroom house.
Other Factors to Consider
- Lifestyle: Consider your current and future lifestyle needs. Do you anticipate needing extra space for a growing family or frequent guests?
- Amenities: Gated communities offer various amenities, such as security, recreational facilities, and green spaces. Ensure the community you choose caters to your lifestyle.
- Financing: Explore the available financing options, including mortgages and installment plans. Factor in the total cost of ownership, including down payments, interest rates, and monthly payments.
Conclusion
Both 2-bedroom and 3-bedroom houses in Eldoret’s gated communities offer unique advantages. The choice depends on individual needs, budget, and investment goals. While 2-bedroom gated community houses for sale in Eldoret are ideal for singles, young couples, and investors, 3-bedroom houses cater to families and those seeking long-term homes. By carefully considering the factors discussed, buyers can make an informed decision and find the perfect home in Eldoret’s thriving real estate market.
