Link: http://www.billboardmama.com/puna-real-estate-p-491.html
Puna real estate tends to be more affordable - as compared to other areas in Hawaii - considering that it's located near Hawaii's state capital of Hilo. Where prices in Hilo are pegged to be approximately $200 per square foot as a rule of thumb, a lot of properties in the Puna area sell for less than half that rate and the views are frequently just as good.
Real estate in Puna varies greatly according to size and amenities. You can spend lower than $100,000 for an old home or spend a whopping half-a-million on an expansive 4000-square-foot home in the Hawaiian Paradise Park subdivision. Or you can spend $60,000 for a tiny one-room cabin set on an acre of land, if you like to be the beach-bum type. Whatever your needs are, there will always be options available for you.
Compared to the mainland, however, houses in Puna tend to be a lot smaller - averaging about 1000 square feet. But in a tropical paradise, people like to spend more time outdoors, so the size of the home is not always the most important selling point. Other factors taken into account when setting the prices of Puna real estate are: the view, the distance from the beach, and the foliage and fruits that grow on the property. For example, a listed property boats of bananas growing in the backyard.
There is more good news here: there are two factors that make the prices of Puna real estate less costly. One factor is that a lot of the existing homes are "fixer-uppers", meaning, you can land a great deal if you are willing to put a little sweat equity into the home. Another factor in the prices, as in many other locations, is the housing market crash. Plenty of home prices have been significantly reduced for quick sale, and if you do your homework ahead of time, you might be able to catch one of these deals. More often than not, you can even find a mid-size home, newly remodeled, for about the same price as the cabin mentioned above! In some situations, some newer homes are sold unfinished and for a lesser price. So if you are one who can jump on an opportunity, you're likely to find one here if you keep your eyes peeled.
Puna real estate in general is priced to sell a combined effect of a down economy and a population shift making it a great place to look for a property on the big island.
Big Island Land Co Ltd
519 Manono Street, Hilo, HI 96720
(808) 935-6874
Link: http://www.billboardmama.com/hilo-real-estate-p-490.html
In many cases, people think that Hilo real estate in Hawaii is costly. Certainly, factors like location and view play into the price of land, and you aren't likely to get the same square footage for the price that you would get in some areas of the United States Midwest, for instance. But homes in Hawaii aren't always offered at ridiculous prices; there are some more reasonable offerings, especially on the big island of Hawaii.
For instance, it is not unusual to find a fairly decent home below $200,000 when you're searching for real estate in Hilo. The usual size of homes within that price range is under 1000 square feet but many of them actually require some work. But for many folks, homes don't necessarily need to have large square footage because in a tropical climate, people generally spend most of their time outdoors. In fact, in Hilo, there are lots of these smaller properties, which suggest that indoor space is not a huge commodity for the locals.
Of course, if you want or need more square footage, it's available, for generally the same rate per square foot throughout the Hilo real estate market. It's then a rule of thumb in Hilo to double the price of the property if you want double the square footage of the real estate. Hilo, just like any other area inHawaii, is abundant with sprawling homes that provide breathtaking views - of course, costing you millions of dollars. The great news is, there's no need to spend tons of money just to benefit from a decent view. In fact, there are places in California where you would spend more money for less house and get no view at all for the price.
As with anything else, there are exemptions to the rule. For as low as $150,000, you can own a large property. And on the other side, there are some properties whose main selling point is the view itself. If you want, you can spend over $1 million for a 1 bedroom cottage set on 6 acres of paradise.
The point is that Hilo real estate isn't as unaffordable as you might think. While Hawaii is truly a prime tourist spot, it aims to provide ordinary people with decent homes too. At decent prices, decent property is available in all of the idyllic island of Hawaii.
Big Island Land Co Ltd
519 Manono Street, Hilo, HI 96720
(808) 935-6874
http://bigislandlandcompany.com
Link: http://www.billboardmama.com/hamakua-coast-realty-p-378.html
If you're in the market for a tropical waterfront property without prices in the stratosphere, Hamakua Coast Realty might be exactly what you're looking for. The Hamakua coast stretches 45 miles from Honoka'a in the North to Hilo in the South, and includes parts of the Hamakua and North and South Hilo and is on the northeastern waterfront portion of the Big Island of Hawaii.
Most of this land is fit for agriculture. Until recently, the crop was sugar. Now, the crops are diversified: papaya, orchid, ginger, eucalyptus, macadamia nut and coffee plantations abound. It is in the neighboring towns where daily necessities can be purchased. This is where old Hawaii still lives.
The topography of the Hamakua Coast is rugged: streams, cliffs, deep valleys and the occasional small beach dot the landscape. Rainfall is also a significant experience in this windward side of the Big Island. Popular tourist spots include Akaka Falls, the Hawaii Tropical Botanical Garden, a tropical rainforest that is part of Onomea Bay, the World Botanical Gardens with the Umauma Falls, Kolekole Beach Park, Honolii Beach Park, Kalopa State Park, Kolekole Beach Park, Kolekole Beach Park, Laupahoehoe Train Museum and Waipio Valley.
In 1991, practically all of the sugar cane corporations sold their Hamakua Coast real estate. Initially, it was the real estate moguls who purchased these parcels of lands. Recently, smaller parcels of these giant lands were sold to individuals. Small farms and homes on large lush lots are available. Hamakua Coast Realty is one of the few places in Hawaii where tropical acreage in large land parcels is still available.
While still highly rural, the Hamakua Coast is growing. The villages and towns of Wailea, Hakalua, Honomo, Pepe'ekeo, Laupahoehoe as well as Honoka'a still remain to be the population centers. A decade ago, Honoka'a was a depressed economic area, a plantation town that had just endured the closing of its sugar mill. At present, Honoka'a is home to more than 2200 people who enjoy its elevation as well as the mild weather it brings. More importantly, the town is enjoying a renaissance of sorts with restaurants, cafes, galleries and theatres all thriving.
As with any investment, the counsel and guidance of experts should always be taken into account. The staff of Big Island Land Company are experts in Hamakua Coast Realty. Whether your needs run from agricultural property, to vacant land to build a future retirement home on, or a ready-to-occupy residential unit on a tropical plot, Big Island Land Company can help you fulfill them.
Link: http://www.billboardmama.com/hilo-real-estate-p-377.html
Hilo is the primary metropolis (or town) on the Big Island. It's also the second largest city in the state of Hawaii, with a population of over 40,000. Early in the 1100's, the first Polynesian settlers stayed somewhere in the Hilo area. During King Kamehameha's rule in the late 1700's, Hilo was the center of political and social activity and growth. In the 1800's, sugar became the primary economic contributor on the island - this lasted for over a century and a half. This economic activity also resulted to a diversification of the population base as laborers from China, Japan and the Philippines came. A gigantic tsunami in 1960 caused major destruction to the coastal portion of Hilo which in turn led to a renaissance in construction. At present, however, the metropolis has the largest inventory of existing single family residences for sale in all of the Big Island. From plantation home to rustic cottage to newly-renovated condo, the Hilo Real Estate market is both diverse as well as plentiful and is presently selling at reasonably low rates.
Hilo is the commercial and shipping center for the Big Island. Orchids, papayas, macadamia nuts, fish and prawns are the chief exports. Tourism also accounts for a big chunk of the city's income. Major points of interests are the volcanoes Mauna Kea and Mauna Loa which overlook the metropolis. The University of Hawaii at Hilo is situated in the city. On the other hand, Hilo is one of the wettest cities in the world because of its location - on the eastern side of Hawaii. Because of this, the city is seen as an agricultural Mecca - it has an annual average rainfall of 129 inches.
Hilo is also the host of the annual Merrie Monarch Hula Festival, the biggest and longest-running Hula contest in the State. It is broadcast live on local television which is demonstrative of what makes Hilo so special...it has one foot clearly in the past and the other foot in the future....true to its cultural heritage while keeping an eye open for opportunities in the modern world. Hilo has both a large shipping harbor and an international airport to connect with the outside world, yet is private and tranquil making it easy to escape the hustle and bustle of modern life.
If you have plans of investing in Hilo Real Estate, do utilize the services of experts as in from the Big Island Land Company. Their staff were born and raised on the Big Island, so their knowledge of the real estate market in Hilo is unmatched. The Big Island Land Company will always be of assistance regardless if your need is a simple single family residence or an agricultural property.
Link: http://www.billboardmama.com/hawaii-real-estate-p-376.html
The Hawaii Real Estate market continues to be a wise investment. In 2009, the prices have declined to that of 2005 levels - meaning, you are getting more than your money's worth. Everyone knows that China is the next major player on the world economy, and Hawaii's proximity to China makes it a natural investment opportunity for the Chinese down the road. Just as the investments of the Japanese fueled a spike in real estate prices in the 1980's, it is more likely that the same will happen with Chinese investments. Add to this the fact that there's a big and active Chinese community in Hawaii and it does not take a fortune teller to know that an investment in Hawaii real estate makes sense.
On all islands, there's a lot of inventory in the residential market at present. Prices have been diving into historic lows. But the wisest investment opportunity can be found in the vacant land market and so far, the most abundant supply of vacant land in Hawaii is found on the Big Island.
The Big Island is actually what we know as Hawaii - it's the largest among the group of islands. Fascinatingly, this is an island of contradictions. You could enjoy both worlds - marveling at the beauty of the snow-capped peaks of Mauna Kea while sipping your Mai Tai in a beachfront bar in Hilo. You can traverse from sea side to tropical forest to active volcanoes to barren "moon rock" and be back in the sea in one day. The island boasts quaint accommodations to world class hotels and resorts. Activities for the adventure-lover are plenty: big time game fishing, iron-man triathlon, skiing, snowboarding among others. All in all, you can say that on the Big Island, things are rather spread out.
* The Big Island remained true to its moniker - it's really large. Even if you combine all other islands, their size would only be half of that of Hawaii.
* The Big Island is the rockiest as well as the youngest island in the state. It was also the first island discovered by the ancient Polynesian settlers.
* The Big Island is formed by 5 volcanoes. 2 of them are still active. Kilauea is the most active - both in Hawaii and in the world.
* The Parker Ranch - the biggest ranch in America - is situated on the Big lsland.
* The most southern part in the US is found at Ka Lae on the Big Island.
* The Big Island also pays homage to the biggest telescope in the world.
* The world's largest macadamia nut and orchid growing industries are found on the Big Island.
For investment purposes, Big Island ocean front property with decent acreage is among the best choices. Beaches are limited on the Big Island, so you must realize that you may have to select between ocean front (rocky shore) and beachfront (sandy shore) when choosing a Big Island waterfront property. Between the two, a beachfront property will always be a wiser investment. Still, much more needs to be taken into account, particularly for those who aren't from the islands. Because of this, a real estate expert is an absolute necessity. The Big Island Land Company has been exclusively engaged in Hawaii real estate for over 20 years. Their employees grew up and live on the Big Island. They can cater to your inquiries and offer valuable insights.
:: Next >>