No offense, but it isn't the fact that the head's not balanced, it's the fact that you can't easily swing 5 (or 20) pounds of ANYTHING with a full-strength damaging-force swing
and have control if you only have a handle under 20". Warhammers weigh, in their entirety, under 3 lbs or so; if the head
alone is a huge 20 lbs chunk of steel - or even a big 5 lb chunk of steel - in order to get the control you need in order to wield it with any degree of accuracy, you're going to need to have a full-length haft.
Go with 'sledgehammer', customize the grip for your +1 Accuracy, then enchant it for your weapon focus. If you really want, and if your GM allows it (I always do), make the haft equivalent to a telescoping staff, so you can collapse it down to something vaguely concealable.
Edit: Rogue Fitness has a
'War Hammer' that might be appropriate. Roughly 4' haft, head going up to about 30lbs. And serious control needed, as the comments mention ...