Investing in Real Estate
The idea of investing in real estate is, without doubt, one of the best financial decisions anyone can make to better their lives and increase their fortune. Although there are a couple of viable options that may pop in your mind when you think of investment, real estate investment is one of your dependable options. Investing in real estate gives you the financial independence you need in varying ways including steady income, passive income, long-term security, diversified income, hedge against inflation, and many other benefits.
This article throws light on why you should invest in real estate. Before then, you must learn about the real estate industry in Ghana.
Real Estate In Ghana
Real estate in Ghana has seen significant growth over the last decade partly due to more people desiring to own and live peacefully and comfortably in their dream houses. Due to this and other reasons, there are many private real estate investment companies and developers in Ghana closing the housing deficit gap and meeting the increasing demand for affordable properties.
In Ghana, the real estate industry can be categorized into four. They are:
- Residential: This is purposely for residential and includes apartments, gated houses, self-contained houses, townhouses, etc.
- Commercial: This is mainly for businesses excluding manufacturing companies. They include business offices, malls, hotels, etc.
- Industrial: For major companies in the manufacturing sector such as factories.
- Land: This includes raw land, farmlands, and underdeveloped lands.
Residential properties are mostly high in demand because homes or shelters are a necessity for human survival and continuity. Other reasons include the rapid population growth and individual desire to fulfill the goals of living in a dream home.
Now that you have a fair idea about what real estate in Ghana entails, it will be important for you to also know some of the real estate developers you can find in the country that is contributing to the development of the country.
Real Estate Investment Opportunities
Investing in real estate can be one of the best investment decisions to make and create fortunes only if you know how to do it the right way.
Here are a couple of ways to make money investing in real estate while living anywhere in the world or even while in retirement.
Real Estate Investment Trusts are one of the best and safest ways to earn money investing in properties. Just like how stock works, you don’t need to go through all the hassle to own a property and sell or rent it out. The trust exists to collect or accept investments from investors that appreciate over time and yield profits where these investors receive what we call dividends as and when profits are declared every year. So if you are an investor looking for ways to invest in real estate in the safest possible way, REITs are your best option.
Another opportunity in real estate investment is renting out your house and receiving rent income every month, year, or stipulated time. If you own a piece of land, you might want to develop it and rent or lease it to make a steady income and this can be residential, commercial, or industrial but it must be situated in any of the prime locations to earn more.
Buying and Selling
Buying and selling real estate is a smart way to buy cheap underdeveloped properties, renovate them and sell or rent them out later for returns. You need to be searching for structures of lower prices that need to be renovated or change their design and make them available for others to acquire.
Since you now know which companies in Ghana to trust when it comes to the real estate industry and the opportunities available to you, let’s look at some of the reasons why you should invest in real estate.
Why you should Invest In Real Estate
There are several reasons why you should invest in real estate but in this article, we will discuss a few that will most likely positively influence your decision to invest now.
One of the main reasons you should start investing in real estate is that you will earn passively while you do nothing. You can own the property but the facility manager is responsible for managing and ensuring the structure is in good shape and when you choose to invest in REITs, the only thing you have to do is to patiently wait for it to yield profit and receive your dividend.
Investing in real estate in Ghana if done well can guarantee you a steady income per month or year and all you have to do is to invest in properties located in popular areas people want to buy or rent. The location of the establishment plays a major role in deciding the value of the property leading to the amount of money to expect.
Long Term Security
Real estate investment serves as long-term financial security in achieving financial freedom since it is capable of appreciating in the long run and most of them start from 5 years upwards.
Protection Against Inflation
Investing in real estate is considered one of the smartest ways to protect your purchasing power against inflation. When there’s an increase in prices of goods and services, normally prices of properties also increase and if you are a real estate investor, you are most likely to be protected by your investment in real estate since the prices of your properties also increase significantly.
Diversify Your Income
One characteristic about most successful investors is that they don’t rely on one investment portfolio and one important thing about having different investment portfolios is that it reduces the risk of losing all your investment at once just like when you put all your eggs in one basket. If you are looking for ways to diversify your investment portfolio, investing in real estate is a good financial decision.
Ghana is seeing a massive modification particularly in the commercial, residential, and industrial sectors. This only presents opportunities in the real estate industry to start investing or diversify your portfolio investment. Investing in real estate can be a lucrative asset to live a better life, however, you need to deal with only trusted real estate companies to prevent money loss and litigation. Lastly, learning how to invest in real estate the right way will help you to earn a passive and steady income.
Real Estate Companies In Ghana
An increase in demand for properties by both individuals and businesses has contributed to a growth surge of private real estate companies in Ghana. Real estate investment indeed presents a lot of opportunities to achieve your financial goals and live a comfortable life. However, despite all the benefits offered, you are most likely to land in trouble if you don’t deal with trusted developers. There are a couple of them that have gained a reputation and credibility for a long time and can deliver on their promises.
Here are some of the most trusted real estate companies you can choose to invest with:
With over 30 years of experience in the real estate industry providing professional services and properties, DevtracoPlus is one of the leading developers and part of the Devtraco brand known for providing premium quality houses and luxury homes in the capital city of Ghana, and it is passionate about satisfying its customers with excellent service delivery. Some of their developments include Acacia Apartments, Avant-Garde, and the Nova all in Accra and you can get in touch with them via [email protected] if you are looking to invest in real estate.
With its recent major developments including Lennox, The Gallery, and Embassy Gardens, Clifton Homes is one of the few property developers in Ghana you can trust. Clifton Homes properties are located in prime areas in the city, well known for its stylish and quality units and it prides itself as one of the most affordable real estate developers in Ghana. Contact them via [email protected] to know more about their investment options.
Westhills Ridge Company
Westhills Ridge Company, developers of Eden Heights, is one of the trusted real estate companies in the capital city of Ghana. Eden Heights has spacious rooms for all sorts of clients providing luxury apartments and professional services including one of the best recreational facilities such as their sports facility in the city. It provides one to four-bedroom apartments, a penthouse deluxe, and standard in a serene environment and provides 24hr gated security, facility management as well waste management. Contact Eden Heights today to find out how we can help you secure your investment in real estate with us via [email protected]?
Denya Developers is a subsidiary of the Pragnya Group providing real estate services to foreign and local customers for over 20 years. Denya Properties is best known for providing 10 years structural and 5 years waterproofing and leakage warranties and has been popular recently in the real estate industry due to its high-end apartments and luxurious homes it offers. Some of their estates are found in prime locations in Accra including Tribute House in Airport, The Pavilion in Cantonments, and The Ivy apartments in East Legon. To know about their investment plans, you can contact them via [email protected].