Close your eyes and imagine your perfect life. Are you picturing white sandy beaches, lounging in the shade under a palm tree, and sipping on a Mai Tai? If so, Hawaii could be your dream come true.
Living in Hawaii doesn’t just have to be a fantasy, and is much more attainable than you probably think. With a little organization and financial discipline, you can be well on your way to an island lifestyle.
Research Loan Options
If you’ve ever researched living in Hawaii before, you’ve probably been intimidated by the housing prices. Your initial reaction to sticker shock may have been to just put off your Hawaiian dream, but don’t worry! You have options.
While homes prices may seem astronomical at first, they’re much more affordable than you’d think. Working with a local lender on the island to go over your budget and what you can spend a month will be invaluable to help you figuring out what you can afford now, and in the long term.
Be Realistic About Your Needs and Wants
One of the hardest things for those moving off the mainland to gasp is how Hawaiians evaluate their property. Due to limited land and space, it is uncommon to find large homes with large properties here.
Working with a lender to determine your budget before home searching will help keep you limited to realistic listings you can afford. If you don’t have a multimillion budget, there are still options for you, but you must be flexible and understand you’re buying the Hawaii lifestyle, not necessarily the home itself.
Know the Market
If you’re moving from the Mainland, the best investment you can make in your move is to find a local Realtor. A local agent will be much more familiar with the listings available (and whether something better might be listed soon).
Apart from this insider knowledge, a local Realtor will also be invaluable when it comes to negotiating your dream home. Based on the number of days the property has been listed or current median sales prices in this hot market, your agent may be able to save you thousands of dollars.
Ready to Make Everyday a Vacation?
We’re happy to help you explore the area, discover its beautiful cities and unique neighborhoods. Don’t hesitate to reach out to us for more information about buying a home in Hawaii, and finding your perfect place.