27/03/2026
CEDA MULTI-RESIDENTIAL FUNDING
We understand that in the past year we have talked about all requirements needed to acquire CEDA funding when venturing into Multi residential business. But we would like to touch on the topic once more this time with estimates of all cost, one might have to stretch deeper into their pocket.Note that seeking funding for this type of business it is not that profitable until one pays off the loan. It’s a good long time investment which just like a tree you have to wait years for it to grow then enjoy its fruits. But not like a fruit tree which still after bearing its fruits you have to wait for another season to enjoy its fruits this one you will reap each and every month.
For one to survive in this type of investment is to grow the business, instead of relying on the same plot buy more develop and rent out. You do not have to leave your current job to focus on it as one of its advantages all you have to do is keep checking if they are still on the right state.
CEDA REQUIREMENTS & ESTIMATES
PLOT: A plot should have a tittle deed and valuation report. Its land use should be on multi residential, and one seeking for the loan should be rightfully the owner of the plot. If one is buying the plot he/she should have an offer letter (sale)
SOIL TEST: Soil test is a requirement before any type of construction, it has to be carried out by a qualified geologist to tell if the soil will be suitable for constructions. If it’s not, then the geologist will suggest what could be done or used to avoid negative impacts. Prices ranges from P2000.00 to P5000.00
COUNCIL APPROVED DRAWING: Architectural plan/drawings of the structure that are going to be built on a plot are also a requirement. With an approval from the council it shows that all structures that you wish to put on the plot are permitted. One unit of a single storey 2bedroomed can range from 2500p**a to 3200p**a while for a double storey can be a little bit more six units on a double storey can go as far as 45000p**a to 55thousand p**a.
BILL OF QUANTITY: A bill of quantity is done by a qualified quantity surveyor, he/she also has to attach certificates and practicing license. It gives estimates that are better accurate of all materials that will be needed and labor charges to complete the whole construction as per the approved drawings.
QUOTATIONS: One is then required to make three quotations from different companies. There are three companies one should have. Quotations are for free however it can be challenging to get one.
(1) Insurance: 3 Questions from three different insurances are a requirement to insure your multi residential property.
(2) Material Quotations: Quotations from three different shops selling materials are required.
(3) Constructors: Registered construction companies are the only companies one can seek for their construction quotations and they should attach company profiles, and all company documents.
LETTERS OF INTENT/CONTRACT: As quotations also one should have letters of intent OR contracts from 3 different possible tenants per room. Also they are for free but could be not easy to get.
OTHER REQUIREMENTS
Business proposal
5 years financial projections
At Dawn Consultancy we are your one stop shop, engage us on and get a winning CEDA business proposal. We have all services you will need right in office.
CALL @77313078
WHATSAPP @77313078
