Property in Hawaii
Beachfront property can be
expensive -- but the joy of island living within sight of the ocean is
one of the great attractions of Hawaii, and the North Shore in
|Types of properties available in
|*Single Family Homes*
Most single family homes are
single story, wood frames with concrete foundation and wood or
composition exterior siding. With a single family home, an average
lot size is 5,000 to 7,500 sq ft; most are attractively landscaped with
tropical flowers and fruit trees.
||Houses tend to be smaller than
most areas on the mainland because of high construction costs and
because of our outdoor lifestyle in the islands. Three or four
bedroom houses are readily available; two bedroom houses are less
plentiful; more than four bedrooms can be found on occasion.
Co-ops tend to be medium-rise
and generally were constructed prior to 1964. Board of Directors
approval usually is required for a prospective purchaser. Bank
financing can be difficult because the purchaser does not own a unit,
but instead owns stock in a corporation and is allowed to live in a unit
owned by the corporation. One advantage to co-ops is that rooms
tend to be larger than in other types of homes.
Condominiums include high,
medium and low rise communities with a variety of unit sizes.
Owners have an individual interest in their own units and a proportional
interest in the common areas and expenses. Maintenance fees
usually include physical maintenance of common areas and a master
insurance policy for the structure. Water and sewage frequently
are included; electricity may be included. Usual amenities
include swimming pools, playgrounds, fitness facilities, tennis courts,
and party areas. The average maintenance fee will run about
$400.00 per month.
||Rentals are available on
both long-term and short-term rates. Vacation rates vary
considerably depending on tourist season and island location.
|Items, fixtures and appliances usually transfer with the sale of a
The major appliances that
transfer with the sale of most homes include range, disposal and
installed dishwasher (if so equipped). Frequently the
refrigerator, washer and dryer also transfer. Condominiums,
particularly high rises, may have a laundry room on each floor. Be
sure that you specify that appliances that transfer must be fully
operational; appearance of the appliances is not usually mentioned
in the contract.
||Most homes are sold with drapes
and wall-to-wall carpeting. Jalousie windows are common in Hawaii
and usually are not the "standard" sizes you may have known in
Ceiling fans suffice for most
days in Hawaii. Air conditioning is seldom seen in most single
family homes, although you may find air conditioning in high
rises. You don't need central heating in Hawaii.
|Why property in Hawaii
Construction materials usually
are brought to Hawaii from the mainland, which is one reason homes may
seem expensive, depending on your previous experience. In
addition, land zoned for residential use is limited. Waterfront
properties command the highest prices on the market. Properties
with views tend to be higher-priced as well.
Finding storage space can be difficult and expensive. In most
homes, storage space is
severely limited. Basements are rare and most homes have carports
rather than garages. Attic crawl spaces tend to be small.
|Difference between "Fee Simple" and
In Hawaii, much of the land is
owned by trusts, dating from the time when Hawaii was a monarchy, and a
few large estates owned the land. These trusts still retain
ownership of the land. The trusts then lease the land to a buyer through
a leasehold interest. The buyer makes regular lease payments and
pays property taxes.
Private ownership of land zoned
for residential use is more limited than leasehold property. Fee
simple land tends to be more expensive, since the owner holds title to
the property and can pass it along to heirs.
Typical leasehold provisions
run for 55 years with the rent fixed for approximately 30 years.
New rates may be based on the current market value of the land.
The State limits the lease rent. Financing is available, although
many lenders look at the number of years left in the lease at the time
of the sale.
The question of whether or not
to buy leasehold land is something that you must consider separately for
each property; there is no one "best answer."
settling into a new home
Simply put: "Bring
money." Many banks hold mainland checks for ten days before
allowing you to withdraw funds. Consider setting up a local bank
account in Hawaii before you arrive. You can expect to pay deposits
and installation fees for telephone, electric, water and other utility
services. If you buy a property other than a single family home,
some utilities may be included. Some homes in Hawaii have gas
appliances, meaning another utility must be turned on. Cable
television is available in Hawaii.
Shipping a car to Hawaii can be
expensive. Payment of excess freight charges or wharfage can
become complicated; cash or traveler's checks are accepted only by prior
arrangement. You have ten days to register a vehicle on arrival in
Hawaii, for which you must have a certificate of Hawaii insurance and a
safety inspection. You also will need a Hawaii driver's license.
Many condos offer you a
beautiful view of the ocean from one window and look out into a tranquil
garden from another -- a special treat courtesy of our beautiful
Before looking at
properties, I provide Buyers a copy of "Residential Resale Real Estate Purchase
Contract and Receipt for Deposit." I also provide a copy to
Sellers so that they can study formal contract
provisions before they receive an offer to buy their property.
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the moment D'Arcy provides a Comparative Market Analysis for you, you
can be assured that a seasoned professional is looking out for your best
interests in every stage of marketing, negotiating and closing the
sale. Call D'Arcy today!
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located in the USA is subject to the Federal Fair Housing Act, which
makes it illegal to advertise: "any preference, limitation, or
discrimination because of race, color, religion, gender, handicap,
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preference, limitation, or discrimination."
D'Arcy serves Oahu's North Shore
including Haleiwa, Sunset Beach and Pupukea. D'Arcy serves other areas
on the island as well: East Honolulu, Hawaii Kai, Central Honolulu and
valley communities, including Pacific Heights, Nuuanu, Kailua Town, Manoa,
Diamond Head, Kahala, Hawaii Kai and Kapolei on the Leeward Coast.
does not use your personal information for any purpose other than helping
you find a home. She does not sell, trade, or rent the personal
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