Property Types In Ghana.

Ghana’s real estate industry has experienced significant growth in the number of residential properties developed in Accra, over the years. As a player in the industry, ReHome has observed that many First Time Home Buyers could not easily differentiate between the various types of residential properties available. The reason being that there has not been much education on the subject.

In this edition, we would be shedding light on the various types of properties available that a first time home buyer may consider when investing in a residential property. It is believed that understanding the nuances of different property types can greatly influence your home-buying journey.

Apartments

An apartment is a self-contained living area that is part of a larger structure or complex and is usually made to accommodate a single family or person. It is a residential structure made up of one or more rooms, usually a living space, a kitchen, and a bathroom.?

Apartments are a popular choice for many buyers due to their convenience and affordability. They come in various sizes and configurations to suit different needs:

• Studio Apartments: Ideal for individuals or couples?These compact units combine the living and sleeping areas into one space.
• One-Bedroom Apartments: Perfect for individuals or couples?If you are looking for a bit more space, these units typically feature a separate bedroom, living room, kitchen, and bathroom.
• Two or Three-Bedroom Apartments: Suitable for families, these offer more space and additional bedrooms for children or guests.

An interesting aspect of an apartment, especially in a multi-unit building, is that it offers shared amenities and facilities. These might include a shared fitness center, a pool, rooftop terrace, and more. This implies that you not only have your own personal living space but also access to these other amenities, which can significantly improve your overall quality of life and potentially increase the return on your investment.?

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