4 Things To Consider when Buying a Land In Ghana

Already occupied houses for sale have secrets, whether it be septic not functioning properly or leakage in the roofing systems. This is why buyers need to do their homework before deciding to purchase. The same can be said about vacant lands for sale. They, too, may hold unwanted surprises you wouldn’t want to find out after conveyancing. Here are some of the things you need to consider when buying land in Ghana.

Location

Location is everything when it comes to real estate. A good location can mean different things to different people. Most people with their choice of location when planning to buy land. One easy way to settle on a good location is to clearly define the reason and purpose for your purchase. “What are you going to use the land for”? The use type of the land will help navigate a good location. After all, if you are planning to convert the land into an investment property, you’ll make sure it’s located close to potential customers. If you want to build a house on it, you’ll make sure it’s located in an area zoned for residential construction. The location also defines a land’s resale value.

Cost

You will be making yourself a great disservice when you assume that the price tag on the property covers just about all the costs involved in the purchase. There is more to buying land than just choosing a plot and paying for it. There is the legal aspect of the land buying process which is costly and sometimes complex. Apart from land and stamp duty taxes, you’ll also have to pay for land survey and conveyancing. To further protect your ownership of the land, you might want to consider the barcoded site plan. Make sure to factor all of these extra costs in when preparing a budget for the land purchase.

Topography

The topography of land includes its elevation, slope, shape and even soil characteristics. These are just as critical as the land’s location. The topography of the land is invaluable for showing the current state of the land, and how it will impact design and construction. The topography of the land can be adjusted to suit your desired purpose.

But it comes with a huge financial obligation. For instance, if you want to build a house on a piece of land with a weaker or poor soil condition, a raft foundation will be necessary. This can be very expensive.

Title

The title is the legal way of saying you own a right to the land. Not everyone selling land in Accra holds the right to transfer the ownership of the land to you. The type of tenancies determines who controls the land and how it is transferred.  It’s crucial that you fully understand this part of the process to avoid complications down the road.

SOURCE: askwillyboye.com

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