A Complete Guide to Affordable Hawaiian Properties

Hawaii...is there a dreamier vacation spot? The culture, food, people, weather…. what's not to love? But let's be realistic, moving to Hawaii can seem a little daunting but don't worry we've got you covered. Read through and find out about affordable Hawaii properties and the cheapest real estate in Hawaii.

Well according to to-hawaii.com, the cost of buying a house in Hawaii depends on various factors. Firstly, affordable Hawaii housing depends on the type of ownership. There is typically two types of home ownership in Hawaii; the fee simple ownership which basically implies that you own the land as well as the property on it. This is safer but also relatively more expensive. Then there's the leasehold which means you own the improvements on the land but not the land itself and this is relatively cheaper. Secondly it depends greatly on the view, location, modernity and type of house. Single family homes, time share properties, Condos and Ohanas (small cottages) can be priced around

$200,000 to $700,000 while luxury real estate housing starts it price at $700,000 and could go as high as $14,000,000 depending on the size, location, view and modernity.

Interesting fact, well according to Aloha Properties.net anyone can own property in Hawaii, foreigners and natives alike although foreigners will not be able to live there permanently without a green card. Most foreign buyers buy these properties for investment purposes or as a vacation home. Although, foreign buyers will need to buy in cash or qualify for a mortgage with a US lender who will require a minimum of 25%-30% cash down payment. They will also need to verify their assets and debts to get a good ratio for whatever loan they decide to take. They will be expected to pay tax in capital gains if they decide to sell the property. All these can prove to be very daunting and tiring but with the aid of a good real estate agent and real estate lawyer, the process could go through. So, fear not, you're a foreigner you can still buy your dream property in Hawaii just make sure you get a good real estate agency well experienced in helping foreigners buy property in Hawaii.

Hawaii is home to six major islands – Kauai, Oahu, Molokai, Lanai, Maui and Hawaii – each offering its own set of breathtaking views, pristine beaches and exciting outdoor adventures. According to www.livability.com, the five most affordable houses in Hawaii can be found in Hilo, largest city on the island of Hawaii with a median value of $338,300 in a state where the median home value is $616,000. The next city on the list is Waianae with a median home value of $322,200 and far less crowded beaches.

The third is Kahului, a nice community on the romantic island of Maui. It has a median home value of $490,900 and many attractions such as the kamahi beach park and even more. The fourth on the list is the beautiful city of Waimea CDP (Kauai County) a small affordable community in Hawaii with a median value of $378,300 and a small population of just 1,800 people. The last on the list is the city of Kailua, a nice community close to Honolulu with a beach park and other attractions. Its median value $862, 200, quite high but it has a median income is

$109,087 and is therefore relatively cheap. The ranking on this list is in relation to the median income is the city.

The prices of houses in these areas could still vary in relation to factors like the size,the view, the closeness to a body of water and modernity. The real estate market in Hawaii is always adding new homes to their listings so ensure you get a good real estate agent experienced and patient enough to help you explore before settling.

According to http://www.to-hawaii.com,you need an hourly income of $22.96 to $32.73 without benefits to be economically secure. The average low Income in Hawaii is $93,000 which is actually quite high when compared to the average income in the country. So ensure you have that job set or that fund fully set up before you make the move. That's all to it...start that move to Hawaii, the perfect romantic and vacation spot. But before you do that, here are some helpful tips when looking for the right real estate agent to help plan your move;

Experience; this is a must as Hawaii's real estate is always changing, so you need an experienced real estate that has full knowledge of all the islands and locations to find the one that best suits your needs or budget, not only when it comes to the price of the house but the general cost of living as the average cost of living in Hawaii varies from island to island.

Financial knowledge; moving to Hawaii can be daunting financially but having a real estate agent with good financial knowledge can help ease the troubles of this transaction especially for first time owners who are just about to sign into their first big financial debt; mortgage.

Patience; getting the perfect house could take a while, especially for first time home owners and those seeking to stay a while or make Hawaii their permanent residence so you'll need an agent patient enough to do this but don't worry as there are numerous real estate agencies more than capable of catering to these needs.

Lastly, get a real estate agent that has been a resident for a while. Hawaii is a culturally rich and diverse place so having a real estate agent accustomed to the way of life there can help ease your move and also help you get the best out of the romantic and dreamy Hawaii with its many side attractions. So find that real estate agent, plan that move and enjoy the sunshine state. 

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