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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