Steps to Buying a House in Ghana

Buying a home is a big deal. It’s not just a simple transaction; it’s a high-investment purchase and effort to find a place where you feel safe and comfortable. If you make the wrong choices when buying a home, it can lead to serious problems.

For example, if you choose the wrong home, you might end up with unexpected repair costs or living in a neighbourhood that doesn’t suit your needs. In Ghana, there are additional challenges, like legal issues or spending too much money on a property.

This article will help you avoid these issues. We’ll walk you through the process of buying a house in Ghana step by step, so you can make smart decisions, protect your investment, and find a property that fits your needs and budget. 

READ ALSO: Why You Should Own A Home In Tema

  1. Researching and Choosing a Developer

Selecting the right developer is a pivotal step in buying a home in Ghana. It’s crucial to make an informed choice that aligns with your expectations and safeguards your investment. This is a two-part process:

a. Ensuring You Work with a Trustworthy Developer:

You want to be sure you’re dealing with a developer you can trust. Start by investigating their reputation. Look for reviews and recommendations online to make sure they have a good track record.

A developer with a solid reputation is more likely to deliver on their promises and provide you with a high-quality home. If they are a new developer, that is not a bad thing. Try to find the leadership behind the business.

Additionally, you should verify that the developer has all the necessary permits and follows the legal rules and building codes for building houses in Ghana. This will help you avoid legal issues in the future.

b. Understanding the Housing Project:

For instance, at Libi Homes, we cater to a diverse range of preferences, requirements and budgets. Our property offerings include:

The Milton: Comprising twin towers, each with nine floors, The Milton hotel apartment provides a variety of options, ranging from 41sqm studios to spacious 4-bedroom 220sqm duplexes, offering more square metres, for less.

LibiPrime: Our carefully designed 2-level properties are situated within a secure, gated community, ensuring peace, tranquillity and a new level of comfort.

LibiPrime by Libi homes

The Buckhead: This is our luxury townhouse project, built to the highest standards and featuring impressive fittings tailored to the needs of modern families, in Accra’s most coveted neighborhood.

Within these major projects, we have sub-options that cater to your specific desires and lifestyle, ensuring that you find a home that aligns perfectly with your individual needs and expectations.

Research the location to ensure it is close to essential services like schools, hospitals, and markets. Consider safety and accessibility. Examine the amenities and infrastructure in the housing project to see if they align with your lifestyle.

Don’t forget to evaluate the quality and design of the houses. This involves looking at the architectural plans, materials, and finishes. You want a home that not only looks good but will also stand the test of time.

If feasible, visit model homes or completed projects by the developer to get a firsthand experience of their construction quality and design aesthetics. You can also seek advice from architects or construction experts for valuable insights into the developer’s work.

2. Setting a Budget

Begin by taking a good look at your financial situation. Consider your income, savings, and any existing financial commitments you have. Understanding your monthly cash flow is crucial to determining how much you can allocate for your new home without straining your finances.

Your budget should cover more than the cost of buying a home in Ghana. It needs to encompass all expenses related to the purchase, including:

  • Down Payment: This is typically a percentage (10-30%) of the home’s purchase price. The reservation fee for a Milton or LibiPrime home is $5,000
  • Closing Costs: Fees for appraisal, inspections, legal services, and more.
  • Moving Expenses: Costs associated with moving your belongings.
  • Home Maintenance and Repairs: Ongoing expenses for keeping the property in good condition.
  • Property Taxes and Insurance: Ongoing costs that can vary based on the property’s location.
  • Utilities and HOA Fees: Additional monthly expenses depending on the property.

Next, calculate what you can realistically afford. Lenders usually recommend that your monthly housing expenses don’t exceed a certain percentage of your income, typically around 28% to 30% of your gross monthly income.

It’s a good idea to get pre-approved for a mortgage before you start your house hunt. This not only gives you a clear understanding of how much a lender would be willing to lend you based on your finances but also helps you establish a price range for your house search.

Once you’ve set your budget, it’s crucial to stay within it. While it can be tempting to spend more, especially if you find a home you love, staying within your budget is essential for your long-term financial well-being.

3. Understanding Legal Requirements

It goes without saying that you need to familiarize yourself with the legal prerequisites. These requirements typically include understanding the documentation and processes involved in property acquisition. You may need to engage legal professionals who can guide you through these requirements and ensure that you’re adhering to the country’s real estate law.

A Simpler Home Buying Process

Honestly, buying your house doesn’t have to be hard. At Libi Homes, it certainly isn’t. Libi Homes makes it simple and convenient. Here’s a step-by-step guide to get you started on getting your new home:

  1. Explore the Libi Home’s Website:

Your home-buying adventure begins with a visit to our website at This is your gateway to finding out all there is to know about the company and selecting from a world of exceptional properties in Ghana.

2. Find Your Ideal Libi Homes Project:

Take your time to peruse our outstanding developments, each thoughtfully designed and strategically located to meet various lifestyle preferences. 

READ ALSO: Construction Progress At The Milton In Airport Residential Area Ghana

3. Select Your Desired Home Option:

Once you’ve found the Libi Homes project that resonates with you, delve deeper into the available home options. Choose the one that aligns perfectly with your lifestyle and requirements. Your choices are versatile, including:

  • Studios of various sizes
  • 1 Bedroom Apartment
  • 2 Bedroom Apartment
  • 3 Bedroom Detached / Semi-Detached House (townhouse)
  • 4 Bedroom Detached / Semi-Detached House (townhouse)
  • 2 Bedroom Duplex
  • 4 Bedroom Duplex
  • 2 Bedroom House
  • 4 Bedroom House
  • 5 Bedroom House

4. Get in Touch with Us:

With your preferred home option in mind, it’s time to reach out and take the next step. This will connect you with us, and you can let us know precisely what you’re looking for in your dream home.

Once you’ve sent your message, you can sit back and relax. Our dedicated Sales Team is committed to making your dream home a reality. We’ll guide you through the process, answer your questions, take you on a site tour, and ensure your home-buying journey is smooth and stress-free.

Why Libi Homes?

The Libi Homes team has both the experience and track record to deliver the best home available within highly sought-after areas such as Airport Residential, Cantonments and Tema. We are your partner in turning your homeownership dreams into a tangible reality, especially if you are moving to Ghana.

Our website is your starting point, our projects offer outstanding options across budgets, and we are here to support you every step of the way. Your dream home in Ghana awaits, and the path to it begins here.

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