As a young Ghanaian, choosing between renting and building is a major housing decision.
Renting offers flexibility, mobility, and lower upfront costs, but can be expensive long-term.
Building a house is a long-term investment with no rent stress and more control over property.
Challenges of renting include potential evictions, rent hikes, and no property ownership.
Building a house requires high initial costs, time, and less flexibility to relocate.
Smart strategies include renting while saving, building gradually, or considering mortgages.
Key questions involve job stability, affordability, savings, and long-term goals.
Your choice should align with financial situation, job stability, and future plans.
Plan wisely for housing to ensure success, whether renting or building.