Choosing a house to fit your investment objective | A Guide to buying a house in Ghana

Are you in the market for a new house in Ghana? With so many houses for sale, finding your dream home can be a daunting task. In this post, we’ll provide you with a guide to finding the perfect house to fit your investment objective in Ghana.

Determine Your Budget

Before you start searching for houses for sale in Ghana, it’s essential to determine your budget. You don’t want to waste time looking at properties that are out of your price range. Consider your income, savings, and other financial obligations when determining your budget.

Choose a Location

The location of your dream home is just as important as the house itself. Ghana has a range of residential areas, each with its unique characteristics. Determine the location that suits your lifestyle, proximity to work, and access to amenities. Some of the popular residential areas in Ghana include East Legon, East Legon Hills, Cantonments, and Airport Residential Area in Accra, and Spintex Road, Tema, and Sakumono in Greater Accra. Other emerging prime areas are Adenta, Oyibi, Oyarifa, and Katamanso.

For those looking to invest just a couple of miles out of Accra, the Akuapim Mountain range presents a unique opportunity. Prices of land and property are still very reasonable from Tutu towards Akropong.

Work with a Reputable Real Estate Agent

Working with a reputable real estate agent can make the process of finding a house for sale in Ghana much easier. Real estate agents have extensive knowledge of the market and can provide you with valuable insights into the properties that fit your budget and preferences. They can also help you negotiate the price and ensure that the transaction goes smoothly.

The downside has always been the commissions/fees they charge. So if you are uncomfortable with the charges then it's best to consider working directly with a Developer.

Consider a reputable and trusted Real Estate Developer

There has been an upsurge of housing developers in Ghana, but not all have the capacity to deliver the quality you may require. Some developers like Regimanuel Gray, who have been building for over 30 years, have extensive infrastructure (road networks, underground drainage systems, street lights etc) to support their housing development. Moreso the future of your property must be hedged with estate management services to ensure that the value of your investment appreciates considerably with time.

You should verify the commitment the Developer has for infrastructure and the management of the future physical outlook of the community where your property will be located.

View the Property in Person

Once you’ve identified a few houses that fit your budget and preferences, it’s essential to view them in person. This will give you a better sense of the property’s condition, location, and features. When viewing the property, pay attention to details such as the neighbourhood, access to amenities, the condition of the property, and any potential repairs that may be needed.

Finding your dream home in Ghana doesn’t have to be a daunting task. Remember to take your time and conduct thorough research to ensure that you make the right decision. Good luck!

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