Homes in Ghana: Should You Buy or Build?

Ghana is a country with a booming economy. Although Ghana has not gained tremendous international press, the numbers speak for themselves. According to the CIA World Fact Book, Ghana’s Gross Domestic Product has grown almost exponentially in recent years. It grew by an estimated 4% in 2009 and shot up to a whopping estimated 14.4% in 2011. The housing market in Ghana is currently ideal, but you have to act fast.

Pros and cons of buying

The biggest pro when buying a house is that the house is already there. You might not get exactly what you want, but you won’t have much hassle either. One of the biggest cons of buying a home is the price. In addition, older homes can have costly repairs whereas major repairs are much less likely to be needed in a new home. Nevertheless, ask for a warranty when buying a new.

Pros and cons of building

Many things can go wrong when building a home. Some general contractors can be inexperienced, unreliable, or cut corners to save money. However, a quality company that has built hundreds of homes in Ghana knows what is going on. Often, single family homes are custom built according to International Building Code (IBC) regulations within a few months at most.

Ghana Homes Group is one of the best companies to design your home and help build to suit. Ghana Homes Group is a reputable design and build firm with established business relationships in the area. Instead of blindly choosing someone to design and construct a home, choose a firm that has a proven track record of success in architectural design. The largest problems with building a new home almost always involve the general contractor or design and build firm chosen.

You usually cannot be physically present during the entire building process when building a home in Ghana while living abroad. When building your customized dream home, you need to work with a firm you can trust. Never walk into a nightmare. Be confident in every aspect of building your home from the price estimate to the color of your new countertops.

What’s your experience? Did you buy or build your home in Ghana? Leave your comment below.