Hawaii is seen as a paradise for many people. It’s warm, sunny, and right on the water. Some people even have rental homes in the area that can act as their personal retreat or their own beach vacation rentals.
In 2015, 6,943 single family homes sold in Hawaii, which was a 5.84% increase over sales in 2014. While living in Hawaii is ideal, there are many myths that people believe about having a rental home or buying a home in the area. But now, it’s time to bust those myths and get the truth out there. Let’s take a look at some myths about buying and renting a home in Hawaii.
Hawaii is an Expensive Place to Live
Many people believe that living in Hawaii is going to cost you an arm and a leg. They think that you have to be a millionaire in order to be able to afford a home on the island. But, that’s actually not true. There are many houses throughout the islands that are extremely affordable. You can definitely find a place to live that will fit any budget. Plus, if you’re willing to put in a little work, you can get an inexpensive home that was “created” by you.
It’s Hard to Buy a Large Amount of Land if You Don’t Live On the Island
Many years ago, this might have been the case. But now, transactions are handled over the internet, so it’s much easier to purchase big Hawaii property. If you want to buy the land but aren’t on the island, there’s no need to worry anymore. Yes, there is some novelty in being able to work with your agent specifically, but it’s much easier just to handle everything online.
You Have to Live in Hawaii to be Able to Buy Land and Live on the Island
As we’ve written before, you don’t have to live on the islands to buy property in Hawaii. Since everything is done electronically these days, it makes purchasing a lot easier. If you’re new to the buying process, reach out to your agent and ask them for suggestions. They will be able to tell you which tools you can use to make your transaction a lot smoother. Your agent will also be able to help you find trending market homes and tell you about their favorite places. They have access to the top Hawaii real estate and can really come in handy when you choose to buy land in Hawaii.
These three myths are ones that people commonly believe to be true. However, since they are myths, they couldn’t be further away from being right. Keep these in mind when looking to buy or rent a home here in beautiful Hawaii.