Feasibility Study

A feasibility study is an in-depth analysis carried out to ascertain the most viable economic activity that can be carried out on a piece of land within given legal, economic and financial constraints. In simple words, it’s a study undertaken to advise you what alternative uses you can put your property into, at what costs, possible profits and within what time frame. Real estate feasibility studies if used correctly could be the one thing that you need to achieve your dreams in real estate. It is a very important study because amongst other things:-

1. It shows you the limitations of what you can do.
   Are you aware we have planning laws and the project you’ve been dreaming to carry out on your property may be legally impossible? It’s not all things that are possible and the fact you’re your friend did 10 floors on their property does not mean that you can do the same. Carry out a feasibility study and get to know what legal and planning limitations you will be faced with when it comes to developing your property.
2. It gives you a range of diverse possibilities of what you can do
   A feasibility study will give you a range of possible investment opportunities you can undertake on your property without copying from the market. It gives you an in-depth survey of market trends with possible return forecasts to aid in making that decision. You don’t have to do 2 Bed Room apartments like your friend; you can do 3 Bedrooms, or offices, guest houses or mixed developments.
3. It’s an incentive to receiving funding
   With a feasibility study, the courage to approach a financier becomes automatic. The study explicitly shows the return possibilities when you develop your property. It is like a business plan that shows how your business will be funded and how the cash inflows and outflows will be like. It’s not a pipe dream; it’s now a reality on paper. No financier will commit their finances unless they are so sure you have a repayment plan for the same. These details are well captured in the study and so long as the feasibility study shows that a project is viable and can repay the loan finance, the possibility is, you have several financial suitors to choose from.
4. It will show the investment status of your property investment
   A real estate feasibility study must show where your investment stands today and give you incentives of why you need to move to a better tomorrow. The study provides a SWOT analysis of your property today and analysis the opportunities you will capitalize on when you develop. The neighborhood analysis will help you know where your investment stands in the neighborhood and how you are contributing to the welfare of the nation.
5. It will help you manage your project costs
   A feasibility appraiser is one very independent and objective person whose goal is to advise you on how you can achieve the Highest and Best Use possible on your property. A feasibility study gives you objective guidelines on development costs such that as you work with your QS or go to tender, you have an idea as to how much the project will cost. You can manage your costs and better still if you are limited financially, the study will help you phase your project appropriately. It is like having a compass to guide you on project costs. You will know that if you blow the costs, you have missed the return targets. How is that? Get a compass today in the form of a feasibility study.

Why you need a Property Due Diligence Survey

A Due Diligence Survey is a survey that is taken to establish the risks if any that your properties may be subjected do. The survey can help you manage your risks as follows:-

1. Manage your statutory obligations: – with the new county administrations, land rates will start being levied on properties that traditionally did not attract land rates. What are the land rates or land rent obligations on your property?
2. Return on investment: what is your current rate of return on investment on your properties? How does it compare to conventional investment instruments such as the shares or treasury bonds? We have to calculate this for you
3. Repairs and maintenance surveys:- does the state of repairs and maintenance on your property compromise the economic life of your property? What preventive or corrective maintenance may be needed on your property?
4. Compromised Titles:- We have had cases of double allocation and fake Title deeds. You bought the property ten years ago; You are not aware whether by any chance the details at the registry have been altered. A search update and a Survey map will go a long way in advising you, whether your ownership interests in the property is still protected.
5. Protected Tenancies: – What is the possibility that a tenant in any of your properties falls into the threshold of legal protection. There are cases where you cannot deal with certain tenants without going through a government tribunal. Many of the tenants are increasingly becoming aware of their legal rights. Carry out a routine due diligence survey and be sure you are legally protected in as far as dealing with your tenants is concerned

Valuation & Consultancy

Accurate and reliable valuations are critical to the success of every real estate investment. In our Valuation and Consultancy department we convert raw data into knowledge and apply that knowledge for the benefit of our clients. The valuation and consultancy services the firm provides include: Property valuations for sale, mortgage, accounts or insurance purposes Plant, machinery and equipment valuations

1. Appraisal reviews
2. Highest and best-use studies
3. Market feasibility studies
4. Strategic real estate planning

Rubyland has access to professionals who have significant expertise in the areas of strategic planning, real estate re-engineering, technology management, architecture, and, law whom it consults and engages on as-needed basis. We carry out valuations and consultancy services for other organizations and individuals with the aim of providing professional advice that is well researched and appropriate for their respective needs. We measure our success in terms of each client’s satisfaction with our services. Under Rubyland Valuation and Consultancy department we also have a full spectrum of consulting services for land investment issues. These include:

1. Site selection,
2. Land use analysis,
3. Entitlement,
4. Appraisal,
5. Acquisition,
6. Ground leasing and
7. Project Management.

We partner with developers, corporations, individuals and the government to develop and execute real estate strategies that add value and help preserve wealth throughout the land development process.

Property Management

This is one of our core services as a company where we ensure that property investors relax and are able to reap the benefits associated with their investment in real estate. As a company, we ensure that the investor gets value add in their investment. The company ensures that the properties that clients entrust to us for marketing, letting, and management are handled expeditiously and effectively so as to deliver the highest possible return and benefit. The department is staffed with professionals with relevant training and skills in the fields of property management, listings, sales and letting as well as marketing.

What do we do?

As a company we provide clients with professional management solutions that enhance investment value. Rubyland provides professional management services that cover the full range of support services required by an organization. In modern management practice organizations have recognized the gains to be made through outsourcing non-core services and functions. In providing this range of services we take the strain out of running non-core services and thereby free client’s staff to concentrate on the performance and profitability of the core business.

Our objective in Facilities Management is to create significant efficiencies and cut – costs without compromising on standards.

This ultimately impacts positively on shareholder value. Our approach begins by clearly defining clients’ goals and clarifying the diverse needs of the parties involved and upon agreeing on mutual outcomes, we agree on the most profitable and cost-effective approach. Our approach is guided by the following seven principles which are elementary to the execution of our tasks and other related functions.

1. Always have the Landlord’s best interest at heart;
2. Manage with the future in mind;
3. Never promise what you cannot deliver; What you promise, Make sure you deliver;
4. Be solution oriented;
5. If you are unsure or in doubt, consult;
6. Admit when you are in the wrong, that way you can rectify, otherwise you can never rectify what is correct;
7. Be firm but courteous.

What about accountability?

We endeavour to be answerable to all stakeholders (owner, tenants and users alike) and seek to serve and balance all their requirements, optimizing satisfaction to all without compromising the interest of either party. This is what calls for clear interpretation of the property market and its prevailing but often changing trends. We do it all seamlessly. In short, we take care of all the details associated with operating a property, leaving the client more time for the work you need to do. We endeavour to be strategic planners and implementers of the big picture but taking care of the small detail. The visionary solutions we create are adding value for our clients and making quantifiable differences in their bottom line. Whatever the property management needs, Rubyland works on your behalf to provide the solutions. Our determination is to offer quality processes, deliver efficiency, customer satisfaction and proven results.

one-stop shop for real estate sales and letting services

Rubyland Limited provides a one-stop shop for real estate sales and letting services, marketing, disposition, and acquisition – to owners and investors and occupiers of all property types. Before advising our investment clients on a possible transaction, we go to great lengths to evaluate every factor affecting the purchase. We use our relationships, resources and market intelligence to fully assess market dynamics, technology, demographics, and economic incentives – anything that may affect the success of the project. Our top priority is ensuring that every acquisition enhances our clients’ bottom line.

The bottom line

Rubyland works with building owners, investors and property managers to develop leasing strategies that truly enhance property value. We understand the importance of creating the right tenant mix, and we enthusiastically market your property to prospective tenants using a variety of traditional and non-traditional, technology-based marketing strategies. Our proactive approach has yielded significant financial returns for our clients – including higher occupancy rates, targeted cost controls, optimized flexibility and responsiveness, increased profits and larger shareholder value.

We take the strain out of running non-core services

Our role as Property Managers includes Letting; Administration of Lease Agreements; Rent Collection; Service Charge Administration (for commercial and residential condominiums); Repairs and Maintenance; General Security; Cleanliness and General Sanitation; Administration of Statutory outgoings; Co-ordination of Provision of Utility Services; Placement of Insurance Cover; Handling tenants’/occupiers’ concerns and; Taking care of landlords’ concerns; Ensuring the grounds are kempt (landscaped areas); Ensuring other miscellaneous, but essential services including service contracts) are well run and supervised.

Repair & Maintenance

As experts in real estate matters, we relieve you the stress associated with your building repairs and maintenance. We handle this for you giving you an opportunity to cut your costs and increase business effectiveness and efficiency without compromising on standards. Our distinctiveness in repairs and maintenance is embodied in our experience as property managers and consultants on the build environment.

Training

At Rubyland Limited we believe in turning dreams into precious treasures and we would like to do so to you by offering training services on Real Estate. As the real estate industry continues to boom in Kenya, many are looking to invest in property but do not know where to start.
Investing in Real Estate is the best deal, but it is not surprising to find that almost 50% of Kenyan investors who invest in real estate regret having made a bad decision. Do you know why? Very few of them take time to search for information to guide them when it comes to making their investment decisions. Given the huge amount of cash involved in real estate it is not wise to get involved without specific investment knowledge that would enable you to make informed real estate decisions. The Eight module training is packaged in such a way as to inform our clients on issues such as:

1. Principles of Real Estate,
2. Real Estate Investment Basics,
3. Risk Management and Due Diligence,
4. Measures of Calculating Returns,
5. Real Estate Management,
6. Real Estate Financing,
7. Real Estate Taxation and incentives,
8. Highest and best use concepts