When talking about life and real estate in Hawaii, there are many factors to consider, whether you decide to opt for condo or home living. Hawaii real estate developers know this well and have a plethora of condo, community living options for you: from the luxe and lush to the laid-back and leisurely. Hawaii real estate ownership, whether it be in the form of your own Hawaii home or a piece of paradise in a shared community.
When talking about life and real estate in Hawaii, there are many factors to consider, whether you decide to opt for condo or home living. Hawaii real estate developers know this well and have a plethora of condo, community living options for you: from the luxe and lush to the laid-back and leisurely. Hawaii real estate ownership, whether it be in the form of your own Hawaii home or a piece of paradise in a shared community.
Condo Living
Condo living can vary vastly, offering upscale amenities and even concierge-esque at some, with all the bonus comforts of community living. While some of your neighbors may be more transient vacationers, there are perks, like social gatherings and networking opportunities, of being able to share a pool and barbecue space with your neighbors. Some condos even have tennis courts, gyms, and other recreational services at your leisure. Guest parking may also be an option, as can renting out spacious recreational areas for your own proper garden party or office gathering. However, the downside of condo living is that you may be tied to specific hours and community rules, and do not have the liberty you have in your own home. That said, modern conveniences and sometimes having the same space you may have in your own home, can make the experience very homey and quite all around convenient.
However, condo living also brings fewer maintenance and repair responsibilities, as many of the associations will intervene, if needed, and security can be quite tight. However, the lack of privacy and risk for neighbor delinquency is far higher than when living on your own property. Condos may also be more difficult to sell than single-standing homes, as the property values may not increase as much as other properties may. Condos are, however, reputed as being more safe than single apartment blocks, so this may also be worth your while investing in one.
Home Living
If you opt for home living, you’ll have the luxury of hosting guests when you’d like (as long as your neighbors are nice and respectful, too). However, as with a condo, you still may be tied to some neighborhood or community taxes or Hawaii home association fees for upkeep and may have some ground rules within the homeowners’ association, so it’s not a total freedom. But home living can offer many perks: your own backyard, your own pool, and, most of all, privacy, which you may have grown to know and love.
While condos are typically much less expensive than a free-standing house, Hawaii’s high electricity bills can quickly skyrocket what a normal price range would be. Hawaii’s electricity bills can be quite pricey (if not the highest in the nation), and proximity to the beach will also increase housing fees.
The best advice when trying to decide between a condo and a home is to do your research on the Hawaii real estate market forecast 2022 (or the year you wish to move) and to plan your best deals and investments in Hawaii real estate.
The Hawaii real estate market and buying a home or property in Hawaii are not always as simple as it may seem. Oceanfront property in Kauai and the neighboring islands can be quite expensive, condo association or not.
Investing in a home can be a good thing, as Hawaii is reputed for low sales tax and high culture experiences, so go ahead: whether a condo community or your own home in paradise, investing in Hawaii real estate is never a poor decision.
