Real estate developers will now be able to identify and evaluate risks involved at all phases of the construction process and avoid costly mistakes.
This is following a move by BuyRentKenya (BRK) a property marketplace, and Building in Kenya (BIK), a personal social responsibility initiative to educate the real estate and construction sector players.
The partnership seeks to bridge the existent knowledge gap within the building sector.
Under the agreement, BIK will develop the content for the online course, while BRK will use its wide reach and platform to disseminate this information.
“Our experience with developers of various structures at the individual, family, and corporate level and who have the varied experience be it developing for the first time or are serial developers has shown that there is an information gap that has proven quite expensive due to making avoidable mistakes. This course will guide developers to build better, ethically, and profitably,” said BIK co-founder architect Emma Miloyo.
According to the Centre for Affordable Housing Finance in Africa (CAHF), gaps do exist either because data is not available or industry players don’t want to share it particularly in the private sector.
The BIK co-founder Emma Miloyo said that the course aims at addressing challenges that developers face in the conception, execution, and management of projects.
The agreement comes on the back of a spate of buildings collapsing across various counties which authorities have attributed to poor workmanship, use of substandard materials, non-compliance to building standards and regulations, inadequate structural design and overloading, and inadequate maintenance of structures.
“Users are increasingly seeking additional information on all aspects of real estate from buying, selling property, and the construction process. This course will adequately address these needs by ensuring users have the right information to make informed choices,” added BuyRentKenya CEO Elizabeth Costabir
With the Economic Survey 2022 estimating that the sector contributed Sh 552 Billion to Kenya’s GDP in 2021, Costabir says that that the new course will supplement the marketplace’s goal of creating a one-stop informational resource for users.
“The course will also be the launching pad for more BIK-BRK educational interventions that seek to positively impact players within the industry. The Buy Rent Kenya users will also be granted access to discounted offers on all BIK Courses,” she added.
BuyRentKenya’s latest partnership comes on the heels of a similar recent partnership with real estate firm Optiven.
The two firms signed a Memorandum of Understanding to create a symbiotic relationship for advancing the multibillion property sector.