2 bedroom Apartment for rent in Namugongo Kampala Uganda, code: 171623
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2 bedroom apartment for rent in namugongo
spacious large bedrooms with inbuilt wardrobes, modern living room/dining area, well fitted modern kitchen
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🏚️Balcony
🚪Built in wardrobes
🚘Lots of parking
💠Paved compound
👮Security guards
🏞️Specious compound
🏫Tiled roof
🚧Wall fence
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QR CODE
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100+ RELATED PROPERTIES
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REAL ESTATE AGENT COMMISSIONS, ARE THEY JUSTIFIED OR EXCESSIVE?
Buying or selling a property is a significant financial transaction, and for most people, it's one of the most substantial investments they'll make in their lifetime. When engaging in the real estate market, many individuals seek the assistance of a real estate agent to navigate the complexities of the process. However, one aspect that often raises questions and sparks debates is the commission structure that agents charge for their services. Are real estate agent commissions justified, or do they lean towards being excessive? In this blog post, we will delve into the topic and explore both perspectives.
Understanding Real Estate Agent Commissions
Real estate agent commissions are typically calculated as a percentage of the final sale price of a property. The industry standard can vary, but it often ranges from 3% to 10% of the sale price. The commission is typically split between the buyer's agent and the seller's agent, with each receiving a percentage of the total commission.
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HAVE YOU EVER HEARD ABOUT VERNACULAR ARCHITECTURE?
I recently came across a post on social media talking about "Vernacular Architecture," and I must admit, I was quickly impressed by the pictures I saw on the post. They were unique and yet undeniably attractive. This newfound fascination prompted me to explore more regarding what the phrase "Vernacular Architecture" means and where it comes from, or how it's defined.
It's intriguing how perspectives change over time. I recall that in my primary school days, we used to be cautioned against speaking vernacular languages while on the school campus, with the fear of repercussions. However, now, Vernacular Architecture is being celebrated by communities all over the world as trendy.
This intriguing shift from reprimand to reverence got me thinking about the deep-rooted significance of vernacular architecture. So, join me on this journey as we delve into the captivating world of Vernacular Architecture, where tradition meets innovation, and where the buildings themselves tell stories of cu
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WHAT YOU NEED TO KNOW ABOUT A PURCHASE AND SALE AGREEMENT
A House Purchase and Sale Agreement is a legal document that outlines the terms and conditions of the sale of a house in Uganda. This agreement is a crucial step in the buying and selling process, as it defines the rights and obligations of both the buyer and the seller.
In Uganda, a House Purchase and Sale Agreement should be in writing and signed by both parties. The agreement should clearly state the purchase price, the closing date, the payment terms, and any warranties or guarantees offered by the seller. It should also specify the responsibilities of each party during the transaction, such as the transfer of ownership and the payment of any taxes or fees.
For example, the agreement may state that the buyer is responsible for obtaining financing and that the seller is responsible for providing a clear title to the property. The agreement may also specify that the buyer is responsible for any repairs or renovations that need to be made, while the seller is responsible for
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THE RED’S ONLINE SUBSCRIPTION PAYMENT MODEL IS BETTER THAN THE PREVIOUS INVOICING MODEL.
The Real Estate Database (RED) has always strived to provide a seamless and efficient experience for its agents. Initially, we operated with an invoicing system for annual subscriptions. However, it quickly became clear that this model had significant drawbacks. Agents could delay payments for months, while using the active services as a means to extend their subscription without paying the full amount upfront. This not only caused cash flow issues for RED but also added administrative overhead in chasing down these payments.The Rise of Mobile Money: A Game-Changer.The introduction of mobile money completely transformed the way RED handles payments. By allowing online prepayments in smaller, manageable amounts, agents could now conveniently pay in advance without feeling the pressure of settling a large annual bill. This shift saved RED from the time and resources involved in collecting partial payments, which often required multiple trips.Why We Moved Away from the Invoicing Model.It
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REAL ESTATE NEWS DELIVERED TO YOUR INBOX: SUBSCRIBE TO THE RED NEWSLETTER ON LINKEDIN.
Stay ahead in the dynamic world of real estate with the latest news, insights, and updates, all delivered straight to your inbox. For real estate professionals, investors, and enthusiasts alike, the Real Estate Database (RED) Newsletter on LinkedIn is your direct line to valuable information that empowers your journey in the market. Why Subscribe to the RED Newsletter?The RED Newsletter is designed to bring subscribers the latest in real estate trends, market insights, and property listings, all curated from the RED platform’s expansive database. Here’s what you can expect when you subscribe: Daily Real Estate Updates.Receive daily briefs covering the latest property listings, market trends, and news. Our updates cover every corner of the industry, from the hottest listings to investment opportunities and insights on market fluctuations.Expert Insights and Analysis.Get exclusive insights from industry professionals and thought leaders, covering everything from market predic
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WHY WE USE THE WORD CHEAP IN REAL ESTATE DÁTABASE (RED) MARKETING.
Language matters a lot within the world of real estate, especially when it comes to attracting the right buyers. On the Real Estate Database (RED), you might notice that the word "cheap" appears frequently in our property titles, blogs, and other content. This is not a coincidence, it's a strategic decision that plays a significant role in helping buyers find the properties they're searching for online. Let's unpack why we've chosen to embrace this term, despite some of the mixed opinions it may evoke. Buyers Search for "Cheap," Not "Affordable".When it comes to online searches, words carry weight. Data shows that most buyers in Uganda looking for land or houses turn to Google with search phrases like "cheap residential land for sale in Bulindo" or "cheap bungalows for sale in Kisaasi". This is especially true for local businessmen and women who are serious about making purchases. Interestingly, the word affordable, a term that some perceive as more polished or appro
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WHY ARE THERE NO LOCAL REAL ESTATE FRANCHISES IN UGANDA?
As Uganda's real estate market grows and matures, one curious observation is the scarcity of local real estate franchises. Unlike in more developed markets where franchises like RE/MAX, Knight Frank, and others thrive, Uganda's real estate industry remains largely dominated by independent agents and small, standalone agencies. A combination of market structure, regulatory conditions, and capital requirements has influenced the industry's development, steering it away from the franchise model. Let's explore the unique challenges facing local franchising in Uganda's real estate market, as well as examine some of the international real estate franchises and agencies that have established a presence in the country. Challenges Facing Local Real Estate Franchises in Uganda.High Capital Requirements. Franchising requires substantial upfront investment to cover branding, marketing, training, and technology infrastructure. For many local agents and agencies, these costs are prohibitively
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DEALING WITH THE WORST REAL ESTATE AGENT EVER.
Buying or selling a home is a major life event. It's a process that demands careful consideration and expertise, and a crucial part of this process is finding the right real estate agent to help you navigate the complex world of property transactions. Unfortunately, not all real estate agents are created equal, and some fall far short of the mark, leading to disappointing experiences for their clients. In this blog, we'll explore the story of the worst real estate agent ever and the lessons we can learn from his colossal failures.The Incompetent Agent.Mr and Mrs Gulimunda, a middle aged couple were excited to purchase their first home after many years of renting. Eager to embark on this new journey, they enlisted the help of a real estate agent called Sinkabadikukudu, Little did they know that they were about to experience a nightmare in the world of real estate.1. Lack of Communication.From the outset, Sinkabadikukudu displayed a shocking lack of communication skills. He failed to res
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HOW DO PROPERTY BUYERS USE TECHNOLOGY IN THEIR HOME SEARCH?
Real estate has undergone a remarkable transformation in recent years, largely driven by advancements in technology. Gone are the days when property buyers had to rely solely on physical visits and printed listings to find their dream homes.
Today, technology has become an indispensable tool in the home search process, providing buyers with a wealth of information and resources at their fingertips. In this blog, we will explore the ways in which property buyers leverage technology to streamline and enhance their home search.1. Online Property Listings.One of the most significant ways technology has revolutionized the home search is through online property listings. Real estate websites and mobile apps like Lamudi Uganda, Realtor Uganda, and Real Estate Database have become go-to platforms for property buyers. These platforms provide a vast database of listings, complete with detailed property descriptions, high-quality photos, virtual tours, and even 3D walkthroughs. Buyers can easily
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ENTER YOUR DETAILS BELOW AND BONNY WILL CALL YOU BACK REGARDING THE PROPERTY WITH CODE# 171623
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INSTALLMENT PAYMENT INQUIRY FORM
Please fill out the inquiry form below with all required details. You will receive a response from Goldmine Finance within 48 hours, advising you on installment payment options for your preferred property based on the information provided.
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