Common Mistakes People Make
When Buying a Second Home
Look back on your home-buying decision and smile. Smart buyers succeed because they learned from the mistakes of others.
Mistake 1 "I'll wait and buy next year."
Kona property sells typically within 30 to 60 days. The same property is unlikely to be available next year, and if it is available, it will usually cost substantially more.
Mistake 2 "We want to buy near our friends."
The Kona market has probably changed since your friends made their purchase, and the best values now may be in another area.
Mistake 3 "We don't want to spend more than..."
Price is always a factor, no matter what the budget, but it shouldn't be the only factor. With interest rates low, you can get more home than you probably expected. Most lenders will be glad to pre-qualify buyers and outline a variety of choices. You may even be able to leverage your primary home for the financing or cash down payment requirements.
Mistake 4 -"This community has a restaurant and clubhouse, golf, tennis, shuffleboard, an Olympic- sized pool, a fitness center…”
Amenities are nice if they match the buyers interests. Not only is the cost of the amenities built into the price of the home and the association fees, but buyers who don't use these amenities may not be willing to pay the extra costs when you sell.
Mistake 5 "We can't wait to bring our three Golden Retrievers back”
Many Kona communities have deed restrictions of some kind. They can be as varied as the number and size of pets allowed, to the ability to park a truck in the driveway. The rules are always spelled out in writing in the form of association documents or zoning ordinances. It pays to find out in advance what they are.
Mistake 6 "We have to see it built already."
Most developers begin selling properties before models are completed, before amenities are built, and sometimes before the first shovel of dirt is moved. Buyers, who have the foresight to look at vacant lots and floor plans, can lock in a prime location at the lowest price with complete confidence. By the time models are built, prices will have risen and the best locations are often not available.
What is most important to you when investing in your new home? Kona Ohana Homes wants to get to the root of your personal needs. We want to uncover the things that will determine what makes a successful home purchase in your mind. Factors such as functionality, ease of maintenance, comfort, and value are the most likely your answers. While they may seem intangible, they can all be achieved.
Why would you buy one of our homes in the first place? What Kona Ohana Homes has to offer is quality, affordability and attention to buyers needs. Our job, is to validate your reasons for buying with our products and services.
In what way can we help you make the best decision for your family or purpose? Visual information, facts and figures, statistics, comparisons, projections and warranties.
How will you know when you've made the right choice? A successful transaction is our ultimate goal, but we are confident that your Kona Ohana Home will provide much more to you than a sense of financial security. We feel our homes convey degree of variety and excitement.
Enjoy the peace of mind that investing in our homes will give you. Get a sense of possibilities and opportunity. The opportunity can be something that translates into more revenue.
Why buy a slice when you can have the whole pie? Our ocean view homes are priced affordably, below even some Hawaiian Island condos
Kona Ohana Plantation Home
Solar Heated Pool & Garage, 2 years Old!
2 Bedroom, 2 Bath-Milolii Rd.
$750,000
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Kona Ohana Coastal Home
New Build, Under Construction!
4 Bedroom, 2.5 Bath-Puhala Rd.
1/6 Share Vacation Home~$159,000
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Kona Ohana Pikake Lot
Purchase Land or Let Us Build Your Dream Home!
Started Excavation!
Land Price: $169,000
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Kona Ohana Plantation Home
2 Bedroom, 2 Bath-Awapuhi Ave.
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Secure your stretch of paradise; this is a ground floor opportunity in a newly developing neighborhood, ready to explode!
As one of our buyers, you will realize the benefits of the "right home" at the "right time" in the "right place" and what will be the "right price".
So many mainlanders are buying primary or vacation home investments on this most distant state.
 Buyer Services
• We will assist you in realizing your dreams of Hawaii new home ownership, without the hassles that are customary with new home construction.
• We will help you in determining your second home financial needs.
• We will offer custom options that will give your home that special touch you require.
• We will put you in touch with preferred Hawaii Lenders that will make the financing process easier.
• We can provide Decorator Services that would normally be out of reach for mainland investors.
• Property Management
• Reliable Vacation Rental Management Companies are hard to find, we would be glad to offer some great referrals.
• Providing Broker/Salesperson referrals of leading residential agents that know the Kona market and can provide market trends and statistics to help ensure you are making the right decision.
Developer Services
• Land acquisition and pre-development services
• Residential Project Management Services
• Contractor Services
• Investor Services
• Consulting Services
Home equity is the easiest way to provide money for your retirement years.
Buying a Hawaii Vacation Home - Second Home Investment
Buying a second home in Hawaii has never been more profitable than it is today. To most people buying a second home usually means a vacation home. At one time, most people considered second home ownership a luxury, although a second home can also become an excellent investment, especially in the fast pace markets of Hawaii. A substantial portion of home sales in Hawaii are for vacation, retirement and second homes. The Hawaii market is hot. Ocean view property pricing has been going out of sight. But there's still a chance for individuals and investors alike to seize an excellent buy that will continue to provide “higher than industry standard” equity growth in the years to come.
If you are buying a second home for an investment, remember that it's no different than other investments—nothing comes without risk. But the Hawaiian Island’s have been retaining value better than most any region of the United States and there are no signs that this will be changing any time soon. Scarcity of vacant land development opportunities pushes up demand for any approved developable land so most anything you can get your hands on is sure to increase. Buying a vacation home that you can enjoy is half the battle and Hawaii offers some of the best recreation territory in the world. You may decide to put your home on a vacation rental program providing you income through rentals and equity build up which can be quite lucrative, not to mention you can enjoy free vacations whenever you want. There's a lot of research that needs to be done, as well as maintenance once you've made your purchase. Though, there's nothing like a vacation home to increase the dimension of your lifestyle. Unlike stocks and bonds you can leverage considerably more than your initial investment in a relatively safe environment. Not to mention you can get a lot of pleasure out of your investment while it's earning you money. Current trends in the real estate market point to resort communities and desirable vacation areas such as Hawaii as the next great real estate boom. The baby boomers have come of age, and many are at a point where they can afford a second home. Home equity is the easiest way to provide money for your retirement years.
The best place to buy a vacation or second home is where you will enjoy being most. Do you like the ocean? Ocean view property is often very expensive. Yet, with Kona Ohana Homes in South Kona, you can still take advantage of great buys with breathtaking coastal views.
You also have to consider supply and demand. The most expensive, and quickly rising properties are waterfront and ocean view. Affordable homes with these features are becoming scarce, and there's only so much that can be developed. Environmental and community laws are becoming stricter, making it considerably more difficult to build than it was even a few years ago. This is a good thing, particularly when you consider the protections this affords your property and investment.
Off the beaten path residential communities such as Milolii have become "connected" via the internet and other information technologies such as cellular and satellite. You can shop online, and buy the best at bargain prices without ever leaving your home. You can go golfing, snorkeling, beaching or whatever you choose and still conduct your business via the internet. It's not futuristic anymore. It's here.
Buying a second home is a dream come true for a majority of individuals who often wish for a recreational place to ease the stress from their daily life. The primary reason to opt for purchasing a second home is to make a long-term investment that would eventually yield secured returns. In addition to this, the money invested in buying a second loan yields tax benefits to the buyer.
Although leisure still drives the market for most Hawaii second-home purchases, there's been a dramatic increase in buying for investment purposes. Last year, according to the National Association of Realtors, about 23 percent of all property purchased, were primarily as investments.
Once you have become familiar with the Kona area you want to buy into, you've got a great start. And, most importantly, make sure you buy something you know you're going to love.
If you want privacy, then a Kona Ohana Home is the choice for you. You may not even want to rent your home out to other vacationers. In fact, this may be your telecommuting home. Many employers are beginning to see the advantage of working at home. Most would like to see you face-to-face on a regular basis, but that's changing too. It's still in the trend stage now, but very soon, it'll be in the mainstream...just like automobiles, telephones and TV. You're second home could very well become your primary residence in the near future. Perhaps it'll become your retirement home.
If you're starting to think that your second home could easily become as important as your primary residence, you're getting the picture. You've always heard that for most people, buying a home is the most important investment in their lives. Buying a second home is equally important. It can affect your financial stability, your future, and you're personal well-being considerable ways. Let us help provide decision making information on your investment prior to making your final decision. Statistics are available regarding current market growth and stability projections for the South Kona area. Once you're comfortable with your decision, financially able, you've done your homework, and you're ready to enjoy the aloha life, visit some of the homes for sale that may have just been finished or are currently being constructed by Kona Ohana Homes.
Kona Ohana Homes are designed with the outdoors in mind as well as the comforts inside. Enjoy the panoramic ocean views, the onshore breezes, and the waves lulling you to sleep. It's a lifestyle of its own, and Kona Ohana Homes are designed to fit most all expectations.
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