Building a studio apartment in Accra requires careful budgeting and planning, with costs influenced by land price, construction materials, labor, and permits. Whether you are constructing a rental unit or personal residence, understanding the cost breakdown helps in making informed decisions.
The cost of building a studio apartment depends on size, materials, and design complexity.
| Studio Apartment Size | Estimated Construction Cost (USD) | Estimated Construction Cost (GHS) |
|---|---|---|
| Small (30 sqm) | $63,000 – $75,000 | GHS 792,000 – 945,000 |
| Standard (40 sqm) | $84,000 – $100,000 | GHS 1,056,000 – 1,260,000 |
| Large (50 sqm+) | $105,000+ | GHS 1,320,000+ |
Note: Estimates are based on an average construction cost of $2,100 per square meter.
✔ Land Purchase – Prices vary by location, with prime areas costing more than suburban locations.
✔ Foundation & Structure – Concrete, steel, and brickwork account for a major portion of the budget.
✔ Roofing & Finishing – Costs depend on materials used (e.g., metal roofing, ceiling boards, tiles, painting, etc.).
✔ Plumbing & Electrical – Installation of pipes, wiring, and fixtures adds to the cost.
✔ Interior Design & Furnishing – A basic finish costs less, while luxury features increase expenses.
✔ Location – Building in areas like Cantonments, East Legon, and Ridge costs more than in Kasoa or Adenta.
✔ Building Materials – Imported materials are more expensive than local alternatives.
✔ Labor Costs – Hiring skilled professionals increases total expenses.
✔ Permits & Fees – Planning approvals, property registration, and government fees add to the budget.
✔ Use Cost-Effective Materials – Locally sourced materials can lower costs while maintaining quality.
✔ Optimize Design – A compact and simple layout is cheaper to build.
✔ Hire an Experienced Contractor – A professional can help avoid costly mistakes.
✔ Build in Phases – If on a tight budget, consider constructing in stages.
Looking to build a studio apartment in Accra? Browse trusted contractors and property developers on Apartments.com.gh to get the best pricing and expert advice.
