10 benefits of buying a new development home versus an old home in Accra, Ghana

• Customization
• Modern design and feature
• Energy efficiency
• Warranty
• Low maintenance
• Safety features
• Community amenities
• Financing opportunity
• Floor plan
• Resale Value

 

Think about that new car you bought – the fresh and pleasant  smell of the leather that blew through your nostrils when you opened the car door,  sat at the wheel, and played around with the steering wheel, how satisfying was it? Exactly! Buying newly home gives you that feeling of a sense of belonging and acomplishment, the freshness of everything in the house’s exterior, from the newly installed pitched roof or aluminium sheet roofing,  the thatch roofing, the clay tile roofing, that shingle roofing or metal roofing or the slate roofing you have installed to the interior; from the freshly painted walls to tiles, inviting furniture, home appliances and amenities to playing around with, makes all your efforts to own a new development home worthwhile.

While buying new development homes offers you compelling benefits which I will be sharing in a bit, it’s essential to carefully consider your preferences, budget, and long-term plans when deciding between new and older homes. That said, each option has its merits, and the choice ultimately depends on what aligns best with your lifestyle and goals.

Spoilers alert, it doesn’t matter if the old home in Accra you planned buying undergone full or partial renovation, it is still an old structure with wear and tear to some degree. Without further I do, let’s dive in.

 

Customization

Buying a new development home from a property developer in Ghana, you will have the option to buy a fully furnished unit or opt for a shell unit. What is shell home?  It is when the developer completes the exterior finishing: exterior doors, windows, exterior paint, fitted kitchen (common in most cases in the country), and landscaping. This grant you the flexibility to tailor the interiors to your personal taste. You can choose from a range of options for flooring, countertops, cabinets, and paint colors, ensuring that your home reflects your style from the moment you move in. This personalization allows you to create a living space that suits your aesthetic preferences and lifestyle needs.

Read also: The cost of building a single room self-contain room in Ghana

Modern Design and Features

Another benefit of buying a new development home is that it is designed with contemporary architectural styles, incorporating sleek lines, open layouts, functional and innovative designs that align with current trends. Additionally, these homes are equipped with the latest technology, including smart home features like integrated security systems, automated lighting, and energy-efficient appliances, enhancing convenience and reducing energy consumption and other good stuff that makes your living lifestyle easier and more comfortable.

Read also: America’s wooden houses vs Ghana Concrete and bricks buildings

 

Energy Efficiency

Ghana has an energy problem – electricity is unstable and also expensive. Now, most home buyers are embracing ways to cut energy bills but their choices are limited due to initial cost involved. New development homes like La Margo Villas for instance offer energy efficiency for home buyers with innovative systems with solar PV pre-installed. Additionally, new development homes feature advanced insulation materials, double-pane windows, and energy-efficient heating, cooling, and ventilation systems. This translates to lower utility bills and a reduced environmental impact, as your home requires less energy to maintain a comfortable temperature year-round.

 

Warranty

Real estate developers providing new home developments in Ghana typically provide warranties that cover construction defects and certain structural issues for a specific period, which can range from one to 3 years. This assurance offers peace of mind that any non-latent structural issue defects discovered or unexpected issues arising from the handover date will be addressed by the developer without any  additional cost to the home buyer. Isn’t that great?

 

Low Maintenance

One of the significant advantages of buying a new development home versus an old home is that they are built using brand-new materials and appliances. This means that the risk of immediate repairs or replacements is minimal, saving you both time and money in maintenance expenses during the initial years of homeownership. With an old home, when you exchange keys, there is always an unexpected issue that will arise irrespective of how thorough the home inspection you conducted or the seller’s disclosure prior to closing. You will have to deal with structural issues, plumbing, roof leakage, etc, at your own cost.

 

Safety Features

Safety first, I can’t stress that enough. New homes are equipped with modern safety features that adhere to updated building codes and standards. This includes features such as advanced fire suppression systems, smoke detectors interconnected throughout the home, and often integrated security systems that provide added protection against potential risks. However, I would say in Ghana, most new home developments’ safety features are often ignored.

 

Community Amenities

Many new home developments in Ghana are designed as master-planned gated communities that offer a range of amenities within or nearby the neighborhood. These can include parks, playgrounds, walking paths, fitness centers, swimming pools, and even community event spaces. Such amenities promote a sense of community and offer convenient recreational options for homeowners. Here is the ice on the cake, La Margo Villas provide the above feature and amenities and many more within the community. What could be better than this?

 

Financing opportunity

Say you want to own a home but don’t have all the cash upfront, property developers in Ghana offer financing opportunities with attractive payment plans that meet your current financial circumstances. You can self-finance your home by choosing a payment plan with the developer and work out a deal that best suit you without haven’t to go through the headache of traditional bank financing especially if you are a first-time homebuyer in Ghana, making the process more financially feasible.

Read also: 10 Benefits of Buying a New Development Home in Ghana

Floor Plans

Also, one thing I have noticed is that most new development homes in Ghana often feature open-concept floor plans that reflect the way modern families live and interact compare to an old home’s floor plans that you have to live with even if you hate it. With new development homes, the spacious kitchens that flow into living areas, well-designed master suites, and flexible and functional spaces that can be repurposed as home offices or playrooms cater to the evolving needs of potential homeowners and their families.

 

Resale Value

Finally, considering the modern design, energy-efficient features, amenities, and warranty coverage, new development homes can appreciate value. Accra for instance, home appreciation is about 5% annually. This can be especially advantageous if you are considering buying it as an investment property and selling it in the future. If you buy a modern home of this kind, you are guaranteed it is likely to appeal to potential buyers seeking a move-in ready, up-to-date property. However, if you want to rent out for cash flow, the rental yield for residential homes in Accra is between 10% to 13.5% annually according to Ghana Investment Promotion Centre (GIPC).  And there you have it.

 

Now selling Fast! Become A Home In Greenery & Solar Powered Luxurious Gated Community @Kwabenya, Accra Before It Is Sold Out!

 

Imagine Seeing Your Kids Running Around On Playground With Their Friends In The Safety Of This Greenery And Lush Landscape Beautiful, Gated Community. How Comfortable And Refreshing Will That Be? Exactly!

Are you looking to buy your dream home or investment property for cashflow purposes in Ghana? Are you a westerner planning to make Ghana your next home and looking for African homes for sale? Perhaps you may be worried of the hassle to go through to build yours, we have got you covered. Buying a home from a developer is more secured because we have done all the hard work and due diligence on the land and it has passed the process.  Your only job is to own it by reserving your home today.

Read also: Why do Americans leave their luxurious life and move to Ghana?

 

La margo Villas, is upcoming greenery, lush landscape,  eco-friendly, and renewable energy gated community in the beautiful, picturesque hills view of Kwabenya, Accra featuring townhomes and apartments. Our residence will enjoy energy reduction on utility bills, world-class amenities, and facilities such as a clubhouse, multi-purpose tennis court within the community, and most importantly,  flexible payment plans. Let’s help you own your dream home. Get in touch with us.