1. Determine your budget
2. Research the neighbourhood
3. Search online platforms
4. Visit the property
5. Sign rental agreement

Accra, is a bustling metropolis with a high demand for rental properties. It is landlords’ market than it is for renters. As a result renting a room in Accra can be hell on earth, doesn’t matter if you are a local or someone who is unfamiliar with the city’s rental market and looking to make Ghana your next home. According GIPC there are 10.10million and 1.8million deficit putting pressure on residential sector. About 37.5% of the population in Accra are renting and 40.4% are home owners.

The demand for rental properties has increased due to the city’s growing population and influx of foreign expatriates. As a result, rental prices in Accra have increased by an average of 8% in the recent years. It is kind supply and demand mechanism. Due to high demand landlords have an upper hand. Some homeowners demand 12 to 24 months advance payment.

 

The most popular areas for rental properties in Accra are Osu, Cantonments, ridge and Airport Residential. These neighborhoods have a high concentration of expatriates, which has contributed to the higher rental prices. East Legon and Adjiringanor are emerging neighborhoods with growing demand for rental properties.

 

Broll Ghana,  provides some insights. The report states that the average monthly rental price for a one-bedroom apartment in Accra was GHS 2,200 (approximately $370). The report notes that rental prices vary depending on the location, size, and quality of the property.

 

Additionally, the report highlights that the rental market in Accra is dominated by furnished apartments, which account for over 70% of the rental market. This is due to the high demand from expatriates who prefer furnished apartments as they provide convenience and a hassle-free living experience.

Having highlighted rental market, I will provide a step-by-step guide on how to rent a room in Accra, to help you make an informed decision.

 

 

Step 1: Determine your budget

It is no brainer, the first step in renting a room in Accra is to determine your budget. The cost of living in Accra is relatively high. In another report the average monthly rent for a one-bedroom apartment in the city center costing around GHS 2,800 (approximately $470). However, the rental prices can vary depending on the location, size, and quality of the property. It is essential to set a realistic budget based on your income and expenses before embarking on your search for your next home.

 

Step 2: Research the neighborhoods

Accra has a diverse range of neighborhoods, each with its unique charm and character. It is essential to research the different neighborhoods to find the one that best suits your lifestyle and needs. For instance, if you prefer a quiet, residential area, East Legon, Airport Residential, and Roman Ridge are excellent options. If you enjoy the hustle and bustle of city life, Osu, Labone, and Cantonments are vibrant neighborhoods with plenty of amenities and entertainment options. I will encourage you to work with a good real estate agent.

Read also:12 Emerging & Fast Developing Areas of Accra to Invest in Real Estate Now

 

Step 3: Search for available rooms

 

Once you have identified your preferred neighborhoods, the next step is to search for available rooms. The most popular vertical real estate platforms for finding rental properties in Accra include Villasharks  and  Meqasa. These platforms allow you to search for properties based on your budget, location, and size preferences. You can also filter your search based on amenities such as Wi-Fi, air conditioning, and parking.

 

Step 4: Visit the properties

After identifying potential properties, the next step is to schedule a visit. If you are working with an agent he/she will represent you and make sure all amenities fit your criteria. However it is essential to visit and view the room in person to assess its condition, size, and cleanliness. During your visit, take note of traffic to the property, any damages or maintenance issues that need to be addressed. I will also advise you to meet the landlord or property manager to discuss the lease terms, rent payment schedule, and any other relevant details.

Read also:BEST 10 REAL ESTATE AGENTS IN ACCRA, GHANA

Step 5: Sign the lease agreement

Once you have found a suitable room, the final step is to sign the lease/rent agreement. The lease agreement outlines the terms and conditions of the tenancy, including the rental amount, utility bills,  security deposit, and move-in date. It is essential to read the lease agreement carefully and seek clarification on any clauses you do not understand. Don’t sign before negotiating terms. Keep a copy of the lease agreement for future reference. I repeat make you address who will be responsible for any damages in the agreement. Don’t agree anything verbally.

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

 

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Read also: ECO-FRIENDLY HOMES FOR SALE WITH SOLAR IN GHANA

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Conclusion

Renting a room in Accra can very expensive and hectic but with proper picking of your ideal location and preparation, it is possible to find a suitable property that meets your needs and budget in no time. If you follow the above steps I can guarantee you can navigate the real estate rental market in Accra with confidence and make an informed decision. Remember to always prioritize your safety and seek professional advice if necessary.

 

 

Take Away

Are you a diasporan or a foreigner or local looking for professional real estate service provider in Accra Ghana? Villashark’s one-stop-shop diaspora services has got you covered. Check out our services packages and choose the plan that best fit you. We currently offering 15% OFF on all plans on a limited time frame. If you have any questions feel free to contact us.