What you should know about Real Estate and the top 5 real estate companies in Ghana in 2024?
Real estate refers to the physical land, including the structures and permanent improvements attached to it. This can include man-made structures like houses as well as natural features. Real estate is distinct from personal property, which refers to movable items such as vehicles, jewelry, or furniture that are not permanently attached to the land. Real estate is not limited to just the land but also includes any permanent structures, such as houses and buildings. Any modifications or changes to the land that affect the value of the property are referred to as improvements. Whenever land is developed, a considerable fixed investment is made up of both capital and labor used to construct the improvements. While a building can be demolished, permanent improvements such as drainage, electricity, water, and sewer systems remain. Real property encompasses the land and all its enhancements, along with the rights associated with its ownership and use.
Real Estate Developer Vrs Real Estate Agent
A real estate developer is someone who initiates and owns a real estate development project. They act as a mediator between the project's service providers and are responsible for overseeing the project's overall development until its completion. The primary objective of property developers is to make a profit from the sale of the developed property upon project completion but Real estate agents are professionals who represent buyers and sellers in property transactions and receive compensation for their services.
Before investing in real estate in Ghana, it's important to have knowledge of the different types of properties available. This will help you make informed decisions and choose the best investment opportunity.
- When it comes to residential real estate, there are different types of properties available for purchase, such as single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences. It's crucial to choose a property that is situated close to services, markets, and transit hubs. However, you may have to choose between a centrally located property, which could be costly and cramped, or a more spacious and affordable one in the suburbs.\
- Commercial real estate is any property that produces income, such as buildings and land. Although the definition may differ by country, the basic idea remains the same. These properties are typically leased or rented to tenants to generate rental income. Even though they are residential, apartment buildings are also considered commercial real estate.
- Industrial real estate encompasses properties that are built and utilized exclusively for manufacturing, production, distribution, storage, and research and development purposes. These buildings are designed to accommodate manufacturing companies and their various operations, such as factory space and storage facilities.
- The land encompasses undeveloped property, vacant land, and agricultural lands including farms, orchards, ranches, and timberland. Physically, land is immobile, invulnerable, and unique, with each piece differing geographically.
Our list is exclusive for the reasons mentioned below.
It is important to consider an individual or company's reputation and track record before entering into any agreements with them. Ensuring their financial stability is also crucial. Additionally, evaluating their experience and expertise in the field can provide valuable insights. Good customer service and clear communication are also key factors to take into account.
- Trasacco Estates Development
- Devtraco Plus
- Lakeside Estate
- Clifton Homes
- Earlbeam Realty
