Buying vs Building a House in Ghana: What People Should Know

Buying vs Building a House in Ghana: What People Should Know

  • One thing people are not able to decide on is whether they should buy or build a house as both come with advantages and disadvantages
  • The headache for many people looking to buy a house is choosing between a brand new house or a custom-made one
  • There are certain factors to look out for that will determine which of the two options will be ideal for the property seeker

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Deciding between buying a house or building one goes a long way to influence the experience that the home seeker will have in the property. In this article, mentions some things property seekers should consider.

A woman goes to see a house she wants to buy
A woman goes to see a house she wants to buy. Photo credit: Getty Images. Source: Getty Images
Source: Getty Images

The Cost and Time Involved

It may be cheaper to buy an existing home nowadays because of several mortgage providers that give home loans to property buyers on a payment plan that spans many years. It is also time-friendly to buy a home since one can move in almost immediately when a purchase is made.

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Customization to suit one's Needs

Building a house will be the best option for those that are big on customizing their space. The huge advantage is that one is much more likely to get exactly what one wants. For many, this factor alone is enough to choose to build over buying.

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Handling Stress

Everyone has different tolerant levels to stress. You'll need to buy land, choose a home design, and select flooring, fixtures, cabinets, countertops, interior trim, exterior trim, and so on while building a house. You must also complete all of this while staying within your budget.

Managing all of the nuances involved in the construction of a home requires time and work. Also, one shouldn't underestimate how much stamina they will need to get everything done correctly.

It is advisable for first-time home buyers to go the cheaper route and buy an existing house. They will save money and get some homeownership experience before they take on the challenge of building a new house.

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4 important questions people should ask before buying or renting in Ghana

4 Reasons Why Houses are Expensive to Buy in Ghana and Why the Average Citizen Cannot Afford Them

In a related article, wrote about reasons why houses are expensive in Ghana. Many have complained about the fact that they may have to rent all their days because they just cannot afford to buy a home.

Many interventions have been employed to cushion people's financial ability to buy homes in Ghana such as the government's affordable housing projects and the emergence of many mortgage facilities that lend home loans to prospective homebuyers.

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Richmond Setrana avatar

Richmond Setrana Richmond Setrana is a real estate editor for with 5 years of writing experience. He graduated from KNUST in 2016 with a bachelor’s degree in Sociology and is currently enrolled in a MA—Mass Communications program with Liverpool John Moores University. He has written for reputable platforms like, Noanyi, Edanra and He can be reached via:

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