Introduction
When investing in property, the old principle remains important:
Location matters.
But choosing the right location requires more than simply buying in an area that is currently popular.
Look at Accessibility
Consider proximity to:
- Major roads
- Public transport
- Airports
- Business districts
- Schools
- Hospitals
- Shopping centres
- Restaurants and entertainment
Look at Development
Areas experiencing new roads, commercial developments, housing projects and improved infrastructure may present interesting opportunities.
However, development plans should be independently verified rather than assumed.
Understand Rental Demand
If your objective is rental income, ask:
Who is likely to rent this property?
Students, professionals, families, expatriates, tourists and corporate tenants can have very different requirements.
Consider the Exit
A good investment should also have a potential exit strategy.
Ask:
If I needed to sell this property in five or ten years, who would buy it?
Diaspora Investors
For Ghanaians abroad, location research becomes even more important because they may not be physically present to monitor the market.
Olive Blocks aims to make it easier to discover opportunities while encouraging buyers to conduct appropriate independent due diligence.