4. Get a Home Inspection
by Admin
Posted on 05-07-2023 10:08 AM
Consider the
value of the property: a slow market is the buyer’s market. There is a high chance that the home values may decrease before it starts to increase again. Don’t buy at the lowest price: sellers can conceal major defects and sell a hawaii house fast or for cheap. Get a home inspection report before you buy any house that’s too cheap to be true. Othe rwise, you can end up with a bad investment. Don’t invest in properties for the short run: if you’re not planning to stay in a real estate property for a long time, do not buy it.
Down payment for mortgage, or full payment if making a cash purchase. We purchased with a mortgage. Closing costs, incl. Inspections (home, termite, electrical etc. ). When you purchase a home to live in, you can take your time to make improvements, and in fact you may decide that some things are good enough for you. However, when you decide to rent it out in a competitive rental market, you need to ensure everything is top notch from the start. Also knowing that while work gets done the unit cannot be rented you want to minimize the calendar periods where it is off the market, so it is good to do as much as you can in one go at the start after purchase. https://en.wiktionary.org/wiki/realtor
6. Consider Resale Value
Remember our market on kauai appreciates quickly. Even if your investment is not making you a millionaire monthly (its probably not), it could make money years later when and if selling the
property. You cant go wrong in hawaii especially on kauai!
pono kai, one of my favorite oceanfront projects in kapaa. For a list of kauai vacation rentals go to www.
Kauaidreams. Com feel free to email me if you have more questions on kauai vacation rentals.