condo-lifestyle

Generational Views on Homeowner Associations

Whether homeowner associations (HOAs) are looked upon favorably can be tempered by several factors, including owner age, gender, and previous experience with HOAs. Sometimes not knowing what an HOA is all about is a surprise for new owners. “If you are considering purchasing a property that is governed by an HOA, you should thoroughly understand how these associations work before you buy,” said Investopedia. The reason for this is because HOA’s have rules that can affect your lifestyle- some s [...]

6 Tips for New Condo Owners

Congratulations on becoming a condo owner! You will find there are some differences between renting or owning a house. You may have even rented in a condo or apartment before, but as an owner, there are some rights, restrictions and courtesies to be aware of. 1. Neighbors Chances are you have had neighbors before, but now you are in a place where you may have the same neighbors for a very long time. A good rule of thumb is to be the kind of neighbor you would like to have, including being reas [...]

New Workforce Condos Under Construction in Kihei

The critical shortage of affordable housing makes the purchase or rental of a home by the majority of Maui’s working residents extremely difficult. As a result, the resident workforce is leaving Maui in search of affordable housing and any incoming replacements are dissuaded by Hawaii’s high cost of living. Residential Workforce Housing (“RWH”) was established by the Maui County Council under Chapter 2.96, Maui County Code (“MCC”). The purpose for creating RWH is to maintain a sufficient resid [...]

Condo prices rise while homes remain flat

The median price of a condominium on Maui jumped 27.5 percent last month, compared to August 2017, while the median price of a single-family home on the Valley Isle was unchanged, according to statistics from the Realtors Association of Maui. The median price of a Maui condo last month was $509,998, compared $400,000 in August 2017. That was based on sales of 146 units, which was 32.7 percent more than the 110 units that sold in August 2017. Sales of single-family homes on Maui rose 2.8 percen [...]

Saving structures in balance with protecting the environment

Sea levels are rising, with a 3.2-foot increase on Maui shores projected by 2100. The 304-page “Sea Level Rise Vulnerability & Adaptation Report,” released in December 2017 by the state Office of Conservation and Coastal Lands, identified West Maui, Waihee, Hana and Kihei as communities most susceptible to rising ocean waters, resulting in flooding, submerged lands, coastal erosion and new wetlands. Residents in vulnerable areas are already dealing with ocean waves lapping at their doorste [...]

Market Report through June 2018

Maui County’s June real estate statistics are great news for condo sellers, not so great for median income home buyers. According to monthly figures released by the Realtors Association of Maui, the median price of a single-family home in June was $727,500, down 1.7 percent from the $740,000 posted in the same month last year. However, at the same time last year, home prices had topped $700,000 four times in the year ending in June. This June, housing prices have gone over $700,000 five times. [...]

7 Money-Saving Landscaping Strategies

Summertime on Maui is often a time when condo and homeowner’s associations look to make landscaping changes. If your HOA has changes planned, here are budget saving tips that still create a beautiful tropical atmosphere. Do a request for proposal from landscapers.If your complex does not have a landscaping staff, detail out your needs and create a request for proposal. Not only will you meet your specific needs, getting bids from 3 or 4 vendors may save considerable money. Choose areas to focu [...]

Why People Find Condo Life Appealing

Condominium lifestyle must be attractive because so many people continue to live in these communities. What makes it so great? In a nutshell, a more carefree lifestyle. The convenience of not having to deal with the logistics of maintaining a single family home. Many condominiums offer a package of amenities such as a desirable location, pools, social and entertainment activities and other quality of life enhancing benefits like property management services. For most, it provides peace of mind [...]

2018-09-25T20:02:58-10:00Community|

Being informed about condo associations

If you are considering purchasing a condominium on Maui for the first time, there are a few things to learn about regarding associations, rules and fees. Here are the top ten questions you should be asking your realtor. 1. Learn about homeowner’s association rules and fees and ask if there are any current assessments in place or planned for the future. Nobody wants to pay an “extra” fee every month for condo ownership. Though amounts can vary widely, association fees are virtually unavoidable [...]