Single Family Home Costs vs. HOA Costs

The decision to buy a single-family home vs a condominium on Maui is an important one. Home buyers on Maui are turning towards condominiums- more people purchased condominiums on Maui last year than single-family homes, and the median price was significantly less. Yet the idea of home ownership is often centered around a house than a condominium. Some buyers are concerned about HOA (home owner association) fees, and what that would add to their monthly payment. However, to make a fair comparison [...]