The decision to own a house in Accra comes with some available options. You either buy a piece of land and start building from scratch or you buy a completed house from an estate agent or developer. Then there is the option to buy from the list of uncompleted houses for sale in Accra.
This option can make you a homeowner in the busy capital of Ghana, Accra. But it comes with its highs and lows like any other option on how you can become a homeowner in Accra or any part of Ghana. Deciding to buy a house means you have to settle on one of the available options.
Are uncompleted houses for sale in Accra worth buying? This guide will help provide you with all you need to know about buying uncompleted houses for sale in Accra so you can make an informed decision.
Why People Buy Uncompleted Houses for Sale in Accra
There are several reasons why someone might decide to go straight to buying an uncompleted building for sale in Accra instead of buying a piece of land and building from scratch or buying a completed house.
The decision to buy an uncompleted building in Accra lies solely on the one seeking to become a homeowner and what they might have discovered during their quest to become a homeowner. Some of these discoveries could be;
- The cost of building from scratch or buying a completed building
- The difficulty in getting a completed house at their chosen location with their budget
- The time required to purchase a good piece of land and erect a completed building from scratch
These are all discoveries that could lead someone to buy an uncompleted house for sale at Accra instead of buying a completed house or building from scratch.
Advantages of Buying uncompleted houses for Sale in Accra
As we mentioned earlier there are quite several reasons why someone might consider buying uncompleted houses for sale in Accra over completed ones. The decision can sometimes be influenced by some of these factors.
Uncompleted Houses In Accra Are Cheaper
Often, uncompleted houses for sale in Accra are being sold because the owners are in dire need of money or they are relocating with their families to a different country. Since these are rushed sales, the owners tend to reduce the price and sell it for less than their market value so they can quickly get a buyer for their property.
Although you will need to complete the building afterward, the cost of completion together with the price at which you bought it can still be cheaper than the price of a completed building with the same or similar specifications.
You Can Remodel To Suite Your Taste
Buying a completed building does put some sort of restain on remodeling but this is not the case for uncompleted houses. Buying uncompleted houses for sale in Accra can give you the flexibility to remodel to your taste. For instance, if you don’t like the shape or size of the doors or windows you can easily change them compared to already completed houses.
Partial Quality Control Over Your House
Another advantage of buying uncompleted houses for sale in Accra is that it gives you partial quality control over your dream house. Unlike completed houses where everything about the quality of the building has been decided for you, uncompleted houses give you partial control over the quality of the building materials and workmanship.
When you resume construction on the uncompleted house you bought, you can choose the type and quality of materials you would like to continue with and the quality of the workmanship as well.
You Can Easily Avoid Land Disputes
Buying uncompleted houses for sale in Accra can limit the sort of land disputes and “land guard” issues that are common with buying lands and building from scratch. While it may not prevent it completely, you can easily limit these types of ligation or possibly avoid them.
You Can Resell For A Higher Price
Buying from a list of uncompleted houses in Accra for sale and then completing to resell can also be a good investment idea. It is possible to resell for almost double the price of everything you spent to acquire the property including money spent on completing the property.
Disadvantages Of Buying Uncompleted Houses for Sale in Accra
The advantages of buying an uncompleted building for sale in Accra can make it tempting to go for this option in becoming a homeowner. However, without taking a closer look at the disadvantages, you wouldn’t be making an informed decision so let’s take a look at the disadvantages of buying from the available uncompleted houses in Accra.
The Cost Of Completing The Building Can Be Expensive
The cost of completing the house may be more expensive than you budgeted for. This may happen if you need to change a lot of things about the building plan to make it suitable for you and your family. For instance, you may need to add additional bathrooms or a dining area, which will mean making a lot of changes.
Completing The House May Take Longer Than Planned
You might have done your analysis and concluded that it will take up to three months to complete and move in but unforeseen events can make it impossible for the project to be completed at the anticipated time. This means that you won’t be able to move in at your scheduled time and it will likely interfere with your other plans.
Partial Quality Control Over Your House
While this can be an advantage of buying uncompleted houses for sale in Accra, it can also be a disadvantage since you have no idea what exactly went into the initial stages of the building process. Was quality considered by the owner or they decided to cut corners and use cheap materials to build?
Possible Litigation Issues
As stated earlier, it is possible to limit litigation issues when you decide to become a homeowner by buying from the available uncompleted houses for sale in Accra. However, there is the need to be careful as some of these property owners push to sell them because they are facing litigation issues or having a problem with the local “land guards”.
Places Where You Can Get Uncompleted House For Sale in Accra
Many houses have been left uncompleted for several reasons and are available for sale at decent locations. You can buy:
- Uncompleted houses for sale in Spintex
- Uncompleted houses for sale in East Lagon Hills
- Uncompleted houses for sale in Asongman Estate, etc.
You can engage the services of a real estate agent or an estate developer to help you in your search to buy an uncompleted house in Accra within your budget range.
We advise you to research with your realtor to be sure there are no litigation complications before you buy an uncompleted building for sale in Accra.
How Much Does An Uncompleted House In Accra Cost?
The cost of uncompleted houses for sale in Accra differs. As we talked about earlier in this post, there are some reasons why property owners sell their uncompleted buildings, so the cost of acquiring such properties will sometimes depend on factors like:
- The owner’s reason for selling and the urgency
- The location of the uncompleted house
- The size of the uncompleted house
- And your negotiation skills
It is advisable to work with a realtor in your search. Working with the best realtors can increase your chances of getting a good offer.
What To Consider Before Buying An Uncompleted House In Accra
Let us now take a quick look at some of the important boxes to tick before you buy an uncompleted house in Accra.
Cost Of Property
Is the property worth the price or is it too expensive? Don’t forget that you will need to complete the building so if the buying price is higher, it might be too expensive and possibly above its market value after completing it.
Size Of The Uncompleted House
uncompleted houses for sale in Accra come in different sizes. If you go for a bigger house, it might cost more than your budget and the cost of completing the house will also be more. So make sure you get a house that fits your budget for both the buying and completion
Location Of The Uncompleted House
Is the location a place you will be comfortable staying, or are you considering buying it because it’s cheaper? If the house doesn’t have good proximity to basic amenities, you might regret your decision so make sure it is in a good and secure location.
Cost Of Completing The House
It is crucial to get a Quantity Surveyor to estimate the cost of completing the house so you will know if you can afford it or if that together with the buying price will make it more expensive than buying a completed house.
Be sure to check that the uncompleted building for sale doesn’t have any form of litigation issues. Get to know why the owner
might be selling before you buy it.
The option you choose to become a homeowner solely lies with you. It is however important to perform the necessary checks and balances and weigh your options before making a life-changing decision.
If you are planning on remodeling an uncompleted house or building from scratch, check out our perfect plan for a luxurious 3-bedroom house for your dream home.