Are you planning to buy land in Ghana? It’s a wise decision, as real estate in the country is a valuable investment, especially residential real estate. However, there are many common mistakes that people make when buying land in Ghana to build their dream homes that can lead to expensive consequences in the long run. In this article, we will explore the top 5 mistakes that people make when buying land in Ghana and provide you with actionable tips on how to avoid them.
Reasons Why People Buy Lands
In Ghana, there are four reasons why people buy or invest in land. These are:
- For residential purposes: houses.
- For commercial purposes: offices, banks,
- For industrial purposes: manufacturing, warehouse, etc.
- For agriculture purposes: animal farming, crop farming.
Now let’s look at the 5 Mistakes People Make When Buying Land in Ghana.
Mistake 1: Failing to Conduct Due Diligence
The first and most important mistake that people make when buying land in Ghana is failing to conduct due diligence. Due diligence is the process of investigating and verifying the details of a property before making a purchase. It’s important to conduct due diligence to ensure that the land you are buying is legitimate and free of any legal issues or disputes. You should research the history of the land, verify its ownership, and check for any outstanding debts or liens.
Mistake 2: Not Consulting a Lawyer
Another common mistake that people make when buying land in Ghana is not consulting a lawyer. A lawyer can help you navigate the legalities of buying land in Ghana and ensure that your purchase is legally sound. They can also help you review contracts and agreements, and advise you on any legal implications.
Mistake 3: Ignoring Zoning Regulations
Zoning regulations in Ghana specify how the land can be used, and it’s important to adhere to them when buying land. Ignoring zoning regulations can result in penalties and fines, or even the demolition of structures built on the land. Before purchasing land, make sure to check with local authorities to ensure that the land can be used for your intended purposes.
Mistake 4: Not Obtaining Proper Documentation
Obtaining proper documentation is essential when buying land in Ghana. You should obtain all necessary documents, such as the land title certificate, site plan, and building permit, and verify their authenticity. Failure to obtain proper documentation can result in legal issues and disputes in the future.
Mistake 5: Not Considering the Location
The location of the land is an important factor to consider when buying land in Ghana. You should choose a location that is convenient for your intended use, and that has access to utilities, transportation, and other amenities.
The mistakes are endless when buying land in Ghana. But why would you have to go through all these just to acquire a piece of land to build a home for yourself and your family?
There’s actually a way to avoid all these especially when it comes to acquiring land for your dream house in Ghana. Lakeside Estate is the answer.
Lakeside Estate is one such estate that has become increasingly popular in recent years. With over 20 years of market experience in real estate in Ghana, it has provided world-class homes to buyers and attracted multiple real estate investors.
Our buildings include 2 bedroom, 3 bedroom and 4 bedroom houses with different designs and structure that suit our customers and investors. It is one of the best gated communities you can find in Ghana that is gentle on your pocket.
We have received numerous awards in the real estate industry in Ghana that includes the most recent one, CIMG Real Estate Company 2021. We have professional agents with great customer care to assist you in your buying or investment journey.
Here are five reasons why you should consider investing or buying from Lakeside Estate instead of going through cumbersome processes to acquire land for your dream house.
When you buy land, you’ll typically need to build all the necessary infrastructure from scratch, such as roads, drainage systems, and water and electricity supply. With Lakeside Estate, all the infrastructure is already in place, including paved roads, drainage systems, and reliable access to water and electricity. This can save you time, money, and a lot of headaches.
Lakeside Estate offers a range of amenities that are not available when buying land. These include recreational facilities, such as swimming pools, parks, and gyms, as well as security services, such as CCTV monitoring and gated access. These amenities can greatly enhance your quality of life and give you peace of mind.
When you buy land, you’ll typically have to build your own home and create your own community. With Lakeside Estate, you’ll be part of an established community of like-minded individuals, with shared interests and values. This can be particularly beneficial for families and those who value a sense of community.
Lakeside Estate is strategically located, with easy access to major highways, shopping centers, schools, a lake (Lake Kalmoni), and healthcare facilities. This can be a major advantage for those who want to be close to amenities and services, while still enjoying a serene and peaceful environment.
Established estates like Lakeside Estate typically have a higher resale value than individual plots of land. This is because buyers are willing to pay a premium for the infrastructure, amenities, and community that come with an established estate. This can be a great advantage if you ever decide to sell your property in the future.
To successfully buy land in Ghana, avoid the mistakes mentioned above.
However, buying your dream house from Lakeside Estate can be a wise investment decision for those looking for a hassle-free, community-oriented, and amenity-rich lifestyle. With its strategic location, established infrastructure, and high resale value, Lakeside Estate offers a unique opportunity to invest in Ghana’s real estate market. Invest or own 2, 3, or 4 bedrooms in a gated community at Lakeside Estate.
You can speak to any of our customer-centric professionals at +233 (0) 20 477 5043. Send us an email at email@example.com.