Rent Out Your Property Faster In Ghana With These Expert Tips

When you have apartments for rent in Accra, you are competing with thousands of other landlords to attract the eyes, ears, and attention of potential tenants.  Some suburbs in Accra have higher vacancy rates and many more rental properties than neighbouring suburbs.  

So the big question is: “How can I rent my property in Accra faster, to the best possible tenants? With so many properties on the market, it can be difficult to make yours stand out. That's where expert tips come in. 

By following these tips, you can increase your chances of letting your ‘houses in Accra for rent’ out faster and for a higher price.

How Much Is The Average Rent In Ghana?

Renting an apartment in Ghana, particularly in city centres like Accra, can be a significant financial undertaking. The average monthly rent for a one-bedroom apartment in the capital city can range from $150 to $3000.

It is essential to consider the location and size of the property when determining the rental cost. Prime areas and larger units generally command higher rents.

For instance, a one-bedroom apartment in a desirable neighbourhood in central Accra, such as Ridge or Airport Residential Area, may cost around $2,500 to $3,000 per month. 

However, similar-sized apartments in less affluent neighbourhoods or on the outskirts of the city may be available for $1,500 to $2,000 per month.

On the other hand, two-bedroom apartments tend to have higher rental prices. In prime areas, they can range from $3,000 to $5,000 per month, while in less affluent neighbourhoods, they may cost between $1,000 and $2,500 per month.

It is important to factor in additional expenses such as utilities when considering the total cost of renting an apartment in Accra. These expenses can vary depending on usage and the size of the property.

7 Tips To Rent Out Your Property Fast in Ghana

1. Price the rate right

One of the most important factors in leasing out apartments for rent in Accra quickly is pricing it correctly. If you price it too high, potential tenants will be scared away. If you price it too low, you'll be leaving money on the table. 

Research the rental market in your area to get a good idea of what similar properties are renting for. Then, set your price for apartments for rent in Accra accordingly.

2. Make your property appealing to tenants

Make sure your apartments for rent in Accra are well maintained. Because potential tenants will be more likely to rent your property if it's appealing to them. 

This may seem obvious, but making sure that your apartment for rent in Accra looks its best is central to successfully renting it out fast.

You should also consider adding some amenities that tenants will appreciate, such as a washer and dryer, a dishwasher, or a balcony.

3. Market your property effectively

Once you've prepared your property, it's time to market it to potential tenants. There are several ways to do this, including online listings, print advertising, and open houses. You can also use a real estate agent to help you market your property.

Put yourself in the tenant’s shoes – they are looking to rent a property in their price range that is comfortable, safe, convenient, and offers stability. Make sure to communicate that your Accra apartments for rent meet their needs. 

4. Be responsive to inquiries

When potential tenants inquire about your house in Accra for rent, be prudent to respond quickly. This shows that you're serious about renting out your property and that you're eager to help them. 

Answer their questions honestly and thoroughly, and be sure to schedule a showing as soon as possible. 

5. Be flexible with your terms

Some tenants in Accra may have specific requests, such as a shorter lease term or a pet-friendly policy. If you can accommodate their requests, it will increase your chances of renting out your property fast. 

Be open to negotiating and be flexible with your terms, but don't be afraid to stand up for your interests. Many terms can be negotiated in a lease including how much rent can be increased.

6. Add value to your property

Adding value to your property for rent in Accra is surely a way to attract prospective tenants quickly. Small refurbishments and updates on the property can be a profitable way to increase your rental yield and long-term tenant prospects. Focus on making small improvements on your houses for rent in Accra to maximize your returns.

7. Use a rental agreement

When you've found a tenant, it's important to use a rental agreement. This will protect both you and the tenant and will help to avoid any misunderstandings down the road. Make sure the rental agreement includes all of the important details, such as the rent, the security deposit, and the lease term.

List Your Property For Rent With PropHunt

PropHunt is 100% committed to helping Ghanaian buyers and renters find their dream homes in and out of Accra. Listing your Accra apartments for rent is completely free. Be it a homeowner or an agent, our management team is fully qualified and has years of experience behind them to help you rent your apartment in Accra fast. 

PropHunt aims to continually and successfully match our client’s requirements with seller and landlord expectations whilst ensuring the satisfaction of every individual client’s lifestyle requirements.  With Prophunt's professional help and the vast database available at our fingertips, we will surely find a tenant to suit your property needs.