Having a village home was such a strong statement in the 1990s. The people who worked in the major town looked forward to that moment when they would build a home next to their parents. Real estate experts now say that there is a big shift connecting this old-age tradition especially Millennial Kenya (people aged 18 to 33).
Although their parents find it very fashionable, in this digital era, the millennial are no longer interested in building homes for holidays in the village. If this observation is true, you might wonder where they are taking their money or what brought about this paradigm shift. In this article, we will explore the reasons behind this change and the new direction Millennials are taking when it comes to homeownership and investment.
Investing Differently
Young people say it’s not financially wise to build a house they’ll use once a year, just to meet village expectations. Instead, they prefer to build a home for their parents with extra rooms for their occasional visits. Many from nearby counties like Rongai are seizing the chance to build homes for sale, aiming to generate income while continuing their day jobs.
Investing for the future
Most of these young generations have homes in the city where they claim to live all their lifetime. They claim that they have no attachment to the village and never intend to live there once they retire. Once they built their retirement home, they are channeling their energy to investing their money for their future.
No Land To Inherit or Even Build a Village Home
Due to increase in population, many of them don’t even have land to inherit. Even if they wanted to build a home, they have nowhere to build. This has made them put more effort into creating wealth so that they can acquire land they can build a home for their family. This has made rental houses in Rongai to have a very high demand. Some said that they have decided to stay in a one-bedroom house and save some money so they can buy land so they can have a place to call home.
Intermarrying
In the early days, people used to marry within their community and settle down in the village. Even if they relocated to town, they would still retain their village house. With the current urbanization where people are marrying across the different social divides. It only makes sense for them to build a house in a place that is comfortable for both of them.
Conclusion
In the early days, going to big cities and make a life out of the city back then was considered to be a big achievement and everyone used to admire you. Now that half the village has relocated to the towns, no one in the village to glorify you leading to this current trend. Also, the exposure and desire to have the finer thing in life has also largely contributed to this changing trend.
Disclamer
While one of the major benefits of owning a home in the village is to save you a lot of embarrassment when retreating for the festive season, a home in the village can be a launching pad could thing go south in the city