Found 31 blog entries about Home Buying.
A mini-construction boom has hit West Hawaii this year with plenty of new and renovated properties and commercial developments coming online in the next six months to two years. LUVA Real Estate agents are ready to show you new homes in up and coming developments and can give you more information as time goes on about the commercial developments, as well.
Let’s start with some of the new commercial developments that are bringing some new businesses to West Hawaii:
Information for this story was gleaned from an article written by West Hawaii Today: (Click Link for full story)
BREW, already built and ready for tenants, has three lots around Pawai Place and is anchored by the Kona Brewing Co. brewery and pub. The site also includes…
Tackling Your West Hawaii Home Energy Expenses With Solar
With energy costs in Hawaii being the most expensive in the nation, looking at the potential cost of your monthly energy bill is as important as considering other large expenses for your home like HOA fees and taxes. While LUVA Real Estate focuses on helping you find the home of your dreams, there are a few companies in West Hawaii that can help you understand the costs of solar so you can control your monthly energy costs.
First some background information:…
Solar costs have declined significantly, and are at their lowest point in over 30 years. Solar is now more affordable than ever and advances in technology have improved system quality and design. In 2017, there was more new solar power
LUVA Real Estate agents talk to MANY people who are considering buying a home in West Hawaii as a retirement home before or after they retire. Did you know that after you reach the age of 60, you can get an $80,000 a year tax exemption on your property taxes and when you reach 70, you can get $100,000? It pays to be of retirement age in Hawaii, right?
Below is information from the Hawaii Real Property Tax Division website outlining information to assist property owners in the County of Hawai‘i with an explanation of the benefits associated with the filing of a claim for home exemption. The home exemption is deducted from the gross value of your property to arrive at the net taxable value for the property.
The basic home exemption is $40,000. In…
One of the problems plaguing paradise is a lack of affordable housing in Hawaii. This is an issue impacting the entire state of Hawaii and it is playing havoc in Hawaii County, especially in Kailua Kona where 20 people vie for every one available rental, pushing housing costs up. The reason many full-time rental homes are not available? Because people have turned to Airbnb and VRBO to rent out their homes, removing the opportunity for a full-time resident to find a place to live. In residential neighborhoods throughout Hawaii, single-family homes are being used by groups of vacationers, bringing more vehicles to the streets and noise issues to the neighbors.
LUVA Real Estate understands our client's desires to purchase a home now, rent it…
A little over a month ago, if you had asked a homeowner on Hawaii Island with property in Lava Zone 1, how they felt about their investment, they may have told you that for the affordable cost of the land, it was worth the risk. Sadly, 30 days later with over 600 homes destroyed by lava in the Puna District, now homeowners may be asking, “Do I still have to pay property taxes on my land if it is covered in lava?” Mainlanders and Hawaii residents watched in wonder as the lava flow filled in Kapoho Bay this week and watched the flow stretching out over a mile from the original shoreline with new oceanfront land. Many asked, “Who owns that new land?”
So what happens to the land when a lava flow covers it? Does the state or county claim title to it?…
When you discuss location and lifestyle together in a home in West Hawaii, you usually look for a home at elevation, with an expansive ocean view, close to Kailua Kona, with plenty of room outside for entertaining. The homes and estates within Heights on Hualalai offers these key ingredients to Hawaiian living.
Heights on Hualalai features individually-designed, newer construction homes with contemporary floor plans, attractive finishes and most have swimming pools. At a pleasant 700 foot elevation, Heights on Hualalai is located above the middle of the Kailua-Kona area and has easy access to all amenities. (Go straight up above Pualani Estates)
Heights on Hualalai is an upscale community located strategically halfway between mauka and…
As the single family home market has heated up in West Hawaii, many would-be buyers and investors are now looking at the condo market for possible purchasing. In your research, you may have seen that some properties are “full service” condos or condotels.
You may be wondering, what IS a condotel? Let us start with the definition: A condominium project that is operated as a hotel with a registration desk, daily cleaning service, activities desk and more. The units are individually owned and the unit owners also have the option to place their unit in the condotel rental program where it is rented out like a hotel room.
Making the Decision
When deciding on purchasing a condotel or a traditional condominium, you will have to consider your needs and…
Are you searching for a new home in Hawaii? Or have you lived here for awhile and deciding now may be the time to sell your home and move up? You may be seeing countless faces of Realtors on Zillow, Realtor.com, the MLS, on signs and ads around West Hawaii. How do you choose the right person to represent you on one of the single biggest financial decisions in your life? LUVA Real Estate would like to offer a few suggestions to help make the process less stressful.
- Referrals-Most people say they found their Realtor through a trusted source, friend, family member, etc. If a Realtor has done an exceptional job for someone you know, that could be a great start. However, you may be new to the island and have no friends or anyone to ask their
Demand has been steady for homes and land in West Hawaii, LUVA Real Estate reports for the West Hawaii real estate market update.
Home sales have begun exceeding new inventory, Altos Research, the real time data stats company reported this month. However, they also reported that 39% of the available homes on the market in Kailua Kona have had a price decrease. Welcome to March, as we approach the end of our high season and snow birds start to pack up and go home and home sellers react to the receding tide of potential buyers by getting more assertive with the price of their home, which they MAY have priced a bit too high knowing the demand has been there since January.
If sellers in North Hawaii priced their homes to meet demand, they did so…