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Rajo City Realty’s CEO shares 5 things to consider when buying a home in Accra – Ghana
Passionate about delivering professional services at affordable costs, Raphael Odjerbio, CEO of Rajo City Realty is a property consultant with over 5 years of experience in the real estate industry. He shares 5 things to note when buying a home in Accra – Ghana for the first time.
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Location Of The Property: This is very critical if you’re considering an investment other than personal use. Prime locations like East Legon, Airport Residential or Cantonments among others give you a higher return on investment. This is due to their closeness to Kotoka International Airport, shopping malls, hospitals and other essential services.
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History Of The Developer: Some developers have a track record of the quality of buildings they produce. They may also have a professional property management team with a well-structured maintenance program to ensure your property is in excellent shape at all times. You can always engage a private property management firm to also manage it. This is key to guaranteeing your investment doesn’t turn sour.
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Lease Years Of The Property: According to Ghana’s laws, lease years of property differ for citizens and non-citizens. It is usually between 50 years-99 years. It is imperative to engage a lawyer for ownership transfer after purchase.
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Finance/Budget: Real estate can be a life investment for most people because of the costs involved. It is difficult for most people to clear their lifetime savings to buy real estate therefore offers with flexible payment plans are what you should consider as a first-time buyer. Alternatively, you can also get a mortgage from a bank to finance your purchase. Some mortgage banks in Ghana include Stanbic Bank, Absa, and Republic Bank among others.
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Real Estate Agents: Realtors always play a vital role in your search for the right property. Though agency fees may vary, dealing with a professional registered agency is paramount. Rajo City Realty is one agency you can always count on.
