The Benefits of Condo Living in Hawaii

It’s no surprise that Hawaii is an expensive place to live. Rewarding, absolutely, but with the median single-family home being priced at over a million dollars many buyers are looking to condominiums for a great investment and more affordable purchase.

The median condominium price in Hawaii is approximately half that of a single family home. Of course there are more luxurious properties out there but, for the most part, they come with a smaller price tag and, typically, less responsibility.

Unlike a home where you are solely responsible for upkeep, condos usually have homeowners associations that perform on-site maintenance. As a condo owner, you don't have to worry about mowing lawns or cleaning gutters. Instead you can focus your attention on their amenities.

Unless you’re living in a planned community, typically neighborhoods won’t have rooftop pools, gyms, or restaurants available at your doorstep. HOA fees are what funds these endeavors so it’s imperative that you as a buyer understand everything you are paying for and what’s available to you.

If you’re looking for an investment property, condos are an excellent option to get started. The homes are constructed in prosperous subdivisions that people want to live in; Hawaii’s renter market is currently, and usually, very competitive giving you, as a landlord, a strong hand. 

If you’re looking to learn more about condo living in Hawaii, or want to talk about other opportunities, feel free to contact us today! We look forward to hearing from you!

 

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