Are you looking to purchase land in Ghana? There are many ways to go about it, but these tips can help ensure that you get the best price possible. The first thing you should do is talk with a real estate agent. They will be able to show you available properties and give advice on what kind of property would work for your needs. After this, list out your budget and find an area that fits within it. Check with local authorities and find out what the zoning laws are like in that area before finalizing anything!
This is going to vary depending on what kind of land you want. An agricultural piece of land is going to be much different from a large piece of land. The first thing you should do is check with the local authorities to see what zoning laws are like in the area. That way, you will know whether or not you are able to build where you want to.
You can also look online. Many websites offer this service and you will be able to see many properties within a certain price range. Be sure to compare prices and find out what works best for your budget. These services also have information about local policies and restrictions. You will be able to find the best properties at the best price.
If you are buying a home, this is where the maximum amount of money you can spend in a year or a year and a half is determined. A home costs $85,000 on average in Ghana, so buying a home is typically much cheaper than buying land. In fact, you can get a house for about 20% more than a piece of land.
The only other time you are limited to how much you can spend on a land purchase is if it is for development. There are zoning laws for developers, and they are determined differently than home buyers. Development typically costs you more money, because it requires extra works, such as levee-stabilization.
Getting a loan for land in Ghana
It is possible to buy land without paying for a loan, but it’s not the most economical option.
As you can see, a thorough search for property in Ghana is a very important step in the process. Remember to look for listings on propertyfinder.com before you make your decision on where to buy land in Ghana. They have direct access to listings that are often not listed on other sites. If the seller is asking for an outrageous price, this is a good sign that it is likely to be a property that you can purchase.
How can I tell if a property I'm looking at is in the right location?
Now that you have a list of potential locations, you can start looking for the right property. Of course, you need to be sure that your house will fit in the town that you are considering. Take a look at several different parts of the town you are looking in, and take note of the surrounding area.
Find and use an experienced, trustworthy real estate agent. This agent should be able to recommend properties that fit your budget and the regulations in your area. The agent should also be able to help you negotiate the best deal possible on the property that is right for you. Always ask to see previous sales data and show an interest in the deal. Do not forget to read and understand everything that is written before you sign any documents.
Expert Tip #3: Talk to locals
Once you find an area that you are interested in, find out if there are any available rental properties nearby. Find out the cost of rent and any costs that would come with it. Get a rough idea of the neighborhood that you are interested in buying in and start researching the market.
Before any of the paperwork can get underway, you should make sure that you have legal representation in the transaction. Doing so not only ensures that you have someone representing your interests throughout the transaction, but it also means that the prices paid for the property reflect the real value of the land and the work that has been done. In short, it gives you the benefit of buying a legal asset that you actually own!
Any property you buy in Ghana must pass the country’s property inspection before you can be issued a title deed. This way you can be assured that everything on the property complies with local building codes and has been inspected. Once you have a title deed, you can then list the property on the property agency and be offered a price for it.
There are many benefits to owning land in Ghana. However, the true benefits are to be discovered by actually doing it. It is an investment in the future of your family and provides you with a stable source of income in the present.
Find more tips to buy land in Ghana here!
About the Author
Abiodun Joseph is a real estate developer and a blogger. He has recently written an eBook titled: Real Estate Investment for Beginners in Ghana. He owns mursuale.com
