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Moving to the Big Island

Found 11 blog entries about Moving to the Big Island.

The government shutdown that began on December 21 is having a variety of local impacts to the state of Hawaii, which ranks 3rd in the nation for the number of federal jobs it has. But it is not just local federal employees who are being affected by the shutdown, but many people who are in the middle of a real estate transaction to buy or sell a home here in West Hawaii. LUVA Real Estate agents are not currently reporting missed closings, but we wanted to keep you abreast of what the potential impacts may be.

The shutdown includes all non-essential government employees and the many departments they represent. Some of these departments are directly related to the mortgage process. If you are selling a home, your buyer could directly be affected.

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The national real estate market is softening, a trend that started in the summer, due to factors including rising interest rates and salaries not keeping up with the pace of a hot housing market. Now, as we enter the fall, markets around the country are seeing sellers dropping prices and West Hawaii is experiencing a slow down in the single home market with a 45% decrease year or year for homes in North Kona, according to data from the Hawaii Information Service.

Home sales dipped from 53 last October to 29 this year. In South Kohala, home sales dropped 24% from October 2017 from 25 last year to 19 this year. Home prices dropped 10% in North Kona year over year from $645,000 to $580,000, and dropped 4.61% in South Kohala from $608,000 last October to

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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

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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

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There has been a brewing argument over property taxes and who is paying most of them for some time in Hawaii due to new legislation requiring second home owners to help pay for teacher salary increases for local schools in the state.

The argument came to a head recently when the state did an actual tally of how many out of state homeowners were paying for Hawaii property taxes. The answer? One third.

Government needs tax revenue to pay for city services and it can’t pay for those services through excise taxes and user fees alone. With land in Hawaii valued at over $335 billion, Hawaii collected $1.7 billion through property taxes in fiscal year 2016-2017 alone, according to the Real Property Assessment Division.

If you think that just because

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LUVA Real Estate recently asked a group of people who are considering a move to West Hawaii what were some of their biggest challenges they felt they faced in moving to the island. A majority stated, in doing online research of single family homes and condos that the HOA fees for most condo complexes, compared to the mainland, were very high. HOA fees will vary in price by location and size of the complex. You can find fees as low as $350 for a one bedroom and as high as over $1000 for a two/three bedroom unit. But yes, Hawaii’s HOA (Homeowner Association) fees DO seem very high.

You may be looking at condos for two reasons, they are less expensive than single family homes and the predictability of having most of the maintenance expenses included in

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Happy Thanksgiving! Giving thanks and gratitude for all that we have and enjoy should be done year round, but during the next few days and weeks, it’s a great opportunity to focus on how fortunate we are. LUVA Real Estate Realtors created this list to remind us all of just a few aspects of what we have to be thankful for living on the Big Island of Hawaii!

  1. Real Estate Prices Are Less Than the Other Islands

This IS a real estate blog, so we DO have to point out that you get more bang for your tropical buck when buying real estate on the Big Island and for THAT we all can be thankful! Unlike Oahu and Maui, we live without the crush of humanity and over development. Did you know that 70% of the island has been zoned agricultural, public

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No matter where you choose to live on the Big Island, you will be living in one of nine designated lava zones on the island. For example, Lava Zone 1 is the highest-risk zone for potential lava hazards, while Lava Zone 9 poses little or no risk at all.

It stands to reason that obtaining lending or homeowner’s insurance could be challenging if you are seeking to live just downslope from an active lava flow in Puna or Kalapana, for example. The upside of living in a Lava Zone 1, however, is that property is substantially more affordable—way more affordable, in fact— than anywhere in the entire state of Hawaii. Additionally, the scenic beauty of remote locations like the old Royal Gardens subdivision on Kilauea’s East Rift Zone attracts a certain kind

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Many of you are doing internet research about moving to the Big Island of Hawaii. You may already have made the decision to take a leap of faith and fulfill your dream of living the Hawaiian lifestyle and getting comfy in a beach chair in front of the ocean every day. Some of you are thinking about making a move in a few years when you retire or the kids are finally out of the house. Take it from us at LUVA Real Estate, there are so many things that make you pinch yourself when you wake up every day in Hawaii to the sounds of tropical birds trilling in the plumeria with another warm day ahead. Here are five things you will love about moving to the Big Island.

 

5 Things You WIll Love About Moving to the Big Island

1. The Ocean: Every. Single.

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There has been a brewing argument over property taxes and who is paying most of them for some time in Hawaii due to new legislation requiring second home owners to help pay for teacher salary increases for local schools in the state.

The argument came to a head recently when the state did an actual tally of how many out of state homeowners were paying for Hawaii property taxes. The answer? One third.

Government needs tax revenue to pay for city services and it can’t pay for those services through excise taxes and user fees alone. With land in Hawaii valued at over $335 billion,  Hawaii collected $1.7 billion through property taxes in fiscal year 2016-2017 alone, according to the Real Property Assessment Division.

If you think that just

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