5 Tips for Buying an Apartment in Ghana

Buying an apartment in Ghana does not have to be a cumbersome process, especially now that there are trusted real estate developers and agents who can make property acquisition a very secure and smooth process. Buying an apartment is different from buying a house. Most people often use the words “apartment” and “house” interchangeably but these two words mean different things. Apartments are buildings made up of more than one dwelling unit. This means that one building block is made up of different homes within it. A house on the other hand typically refers to a single unit residential building.

Apartments for sale in Ghana are now becoming a phenomenon with many expatriates and wealthy people opting for this alternative to houses, primarily because of the services these apartments have to offer. Many high-end Accra apartments come fully furnished with 24-hour security, state-of-the-art gym facilities, swimming pools (including infinity pools in the case of Solaris), concierge services and more.

If you’re in the market for an apartment, we recommend you take a look at our list of the top five things you should keep in mind!

1. Do Your Research


3D render of Solaris Apartment, a 133 unit residential apartment at Rignway Estates, Osu, Accra
Apartment in Ghana

If you are looking to buy an apartment in Ghana, it is very important to conduct proper research and compare prices before settling on your choice. Do your research and know what else is out there. Never rush into a purchase without being fully informed – and never buy the first home you inspect. To conduct this research, you might want to compare properties in different areas with each other to determine which ones give you the best value for money. There are also real estate experts with valuable industry experience you can consult who can help match your preferences to the right property. This takes out a lot of guesswork from your search and allows you to find your ideal property quicker.

One area we would recommend for prospective buyers to look into is the Solaris Apartments in Osu by Swami India. They have amazing 1 & 2 bedroom apartments for sale in Accra which offer great benefits for the cost. The apartments are perfect for small-sized families or couples who are just starting out in life. It offers world-class amenities and beautifies Accra’s skyline with its innovative architectural design, unmatched quality and incomparable lifestyle. It is the perfect destination for all those who desire more than just a home!

2. Determine How Much You Can Afford


Buying a house is a huge investment that requires thoughtful planning before committing resources. Buying a house is a lot more than just the initial money committed to buying the house. If it is not an outright purchase and you are using mortgage financing, you should have enough money to pay the principal and mortgage interest. According to experts, these expenses should not be more than 30% of your monthly salary.

You should determine how much money you can realistically save for a down payment and should have done some due diligence on home prices in your preferred locations. Many property buyers don’t start seeking a mortgage until they’ve found their dream home, but that can be a mistake. In most cases, the amount of money your mortgage lender is willing to give you will dictate which houses you consider in the first place. After all, there’s no reason to look at homes that are outside your price range. Also, you might find that you qualify for more money than you were expecting.

Solaris Luxury Apartments are presently selling with up to 20% discount and flexible payment plans available! Call or Whatsapp +233 55 971 4094 / +233 26 987 0038

3. Get a Home Inspection


More often than not, offers for property purchase are contingent on a home inspection of the property to check for signs of structural damage or things that may need fixing. As you tour apartments in Ghana, remember to focus on the elements that you can’t change. The aim is to concentrate on the “bones” of the house – that is, the major aspects that can’t be fixed or will cost a fortune to try to change. Your real estate agent usually will help you arrange to have this inspection conducted within a few days of your showing interest in a particular apartment. This contingency protects you by giving you a chance to renegotiate your offer or withdraw it if the inspection reveals significant damage, something you’re unlikely to see in newer apartments from trusted developers such as Solaris Luxury Apartments.

After a home inspection, you can decide if you want to ask the seller to fix anything on the property before closing the sale. Before the sale closes, you will have a walk-through of the property, which gives you the chance to confirm that any agreed-upon repairs have been made.

4. Decide On What You Want in the Apartment


Solaris apartment Infinity Pool
Solaris Apartment’s infinity pool in Ghana

Deciding on what you want in an apartment determines how much you’re willing to compromise on certain predetermined factors such as location, amenities and proximity to social centres such as malls (Oxford Street Mall), restaurants, art shops (Acrilex, The Shop Accra), beaches, parks and libraries. This gives you the foundation you need to start searching for homes, allowing you to see whether further compromises might need to be made. Remember, you’ll likely need to make tradeoffs, but it’s important to find a property that checks as many boxes as possible.

In Ghana, Ringway Estate, Osu is a fantastic location that checks several boxes when it comes to amenities, closeness to important social centres, a good road network and more. 

Once you begin touring homes, you’ll likely compromise in one area or the other, as is very common with homebuyers. You might decide that you absolutely need four bedrooms, but you may be willing to look at neighbourhoods a little farther out than you had initially wanted.

On the other hand, your top criteria might be the school district, and you might decide that your family can make sacrifices in the number of bedrooms. It’s all about your peculiar needs since the priorities are different for everyone. It is important to have a checklist of “non-negotiable” and “important to have” categories. This gives you the foundation you need to start searching for homes, allowing you to see whether further compromises might need to be made.

5. Understand The Paperwork


At this stage, you’ve already gone through the most difficult parts of searching for homes that suit your preferences and budget. The house is about to be yours! However, before you receive the title deeds and keys to the house, there is a little paperwork that needs to be done.

Paperwork is critical to closing a property deal. Despite there being a stack of papers filled with complex legal terms and jargon, you should read all of it yourself. If you don’t understand something, consult a real estate attorney. Your agent will also be helpful in making sense of any complex legal language. Although you may feel pressured by the people who are waiting for you to sign your papers, make sure you read each page carefully as the fine print can have a major impact on the purchase of your new apartment for years to come. If you’re not making an outright payment but rather by mortgage financing, compare your closing costs to the estimate you were given at the beginning of the process and do well to confront them about any fees you think are illegitimate.


Though it may seem like the process of buying an apartment in Ghana is a lot of complex work, it’s worth the time and effort to get things right instead of hurrying up and signing a deal you don’t understand. Be wary of any pressure to close the deal fast. Real estate agents and other entities helping you will want their cut, but they won’t be around to take care of the problems you could face in the long run from a bad deal.

03 Aug 2020