Why Buy in Hawaii?
The uniqueness of Hawaii positions it as a desirable location for real estate investment.
Hawai'i is paradise- beautiful weather, diverse cultures, and sandy beaches attract people from all over the world, with tourism being Hawaii's #1 industry
Geographic location- As an island, Hawaii had a limited amount of land to build residential homes
Owning real estate in Hawaii builds wealth
For single family homes, there is a cumulative median sales price increase of 249% averaging ~15% per year from 2000-2016. For condominiums, median sales price was 312% averaging ~18% per year from 2000-2016.
Housing costs are fixed- monthly mortgage payment does not change except for insurance and taxes for primary residents. Speak to your CPA for more information.
Homeowners pay less taxes- the mortgage interest on your home can be used as a tax deduction
Owning a home gives you more opportunities
You can decorate or expand a house the way you want to create your dream home
Home ownership allows for a safe community with superior schools and friendly neighbors
A home is an investment vehicle
Your home can help you plan for retirement
As your home equity (the difference between market value and mortgage balance) grows, it provides options to invest in real estate, use for retirement purposes, or become a paid-in-full homeowner.