5 Must-Know Tips for First-Time Homebuyers in Accra

Buying your first home in Accra is an exciting milestone, but it can also feel overwhelming - particularly if you're new to real estate. From understanding mortgages to choosing the right neighbourhood, there's a lot for first-time buyers to navigate.

But don't worry, we've got your back! Follow these 5 essential tips and you'll be well on your way to becoming an Accra homeowner.

Tip #1: Get Pre-Approved for Your Home Loan

Getting pre-approved for a mortgage should be the first step in your homebuying journey. A pre-approval letter from a reputable lender shows sellers you're a qualified, serious buyer. With it, you can shop for homes within a realistic price range and mortgage amount.

Most mortgage providers will check your credit score, income, debt levels and employment history during pre-approval. Shop around with local banks and non-bank lenders to find the best rates and pre-approval terms for your situation.

Tip #2: Explore Family-Friendly Neighbourhoods in Accra

As a first-time buyer, choosing the right area in Accra is key - especially if you have kids or plan to soon. One of the top family neighbourhoods in Accra to consider is Lakeside Estate with a $65,000 starting pricing.

This area boasts good schools, parks, low crime rates and amenities like shopping malls, children's play playgrounds and healthcare facilities nearby. Ensure to drive around your target 'hoods' and get a feel for traffic patterns, road conditions and community vibe.

Tip #3: Get Seller's Agents Guide

With 20 years plus of home development in Accra, we understand the challenges first-time buyers face navigating this complex real estate market. That's why we have a team of professional in-house agents ready to make your home buying journey stress-free.

When you work with one of our dedicated agents, you get:

• A Knowledgeable Partner by Your Side

Our agents live and breathe Accra real estate. They intimately know all of our properties, can advise you on up-and-coming areas, and will help you find the perfect community for your needs and budget.

• Assistance Every Step of the Way

From prepping your finances to understanding the paperwork, our agents will guide you through each step of buying your first Accra home. They'll advise on legal aspects, suggest trusted lenders and inspectors, and answer any first-timer questions.

• Exclusive Access to Our New Property Listings

Best of all, our in-house agents get exclusive access to our latest property listings and new home communities the moment they go on the market – giving you a major head start!

Don't risk navigating Accra's real estate market alone. Get the expertise of Lakeside Estate professional agents in your corner from the initial search to the final closing. We'll match you with the perfect agent to make your homeownership dreams a reality.

Schedule your free, no-obligation consultation today! Our agents are ready to start your first-time homebuyer journey off right.

Tip #4: Understand the Real Costs of Homeownership in Accra

Your monthly mortgage payment is just one piece of the homeownership cost pie. As a new buyer, you should accurately budget for all associated expenses. This includes:

• Property taxes

• Home insurance premiums

• HOA/Maintenance fees

• Repairs and upkeep costs

Underestimating these fees can put you in a financial bind. Get estimates specific to the type of home and area you're targeting.

Tip #5: Maximize Your Down Payment Savings

The more you can put down on your new Accra home upfront, the better! Ideally, first-time buyers should aim for a 20% down payment. But every little bit of extra savings helps. Look into down payments of real estate developers in Accra you may qualify for.

Don't navigate Accra's real estate market alone as a first-time buyer. 

Call 0204775043 or visit our website now to start your first-time homebuyer journey with Lakeside Estate.