Key Things To Consider When Buying a Condo in Honolulu, HI

Location

Location is the most crucial aspect a home buyer has to consider when looking to purchase a condo in Honolulu. Many buildings in the city offer easy access to the various tourist, commercial, and business centers in the region.

Monthly Fees

Monthly fees are a set amount of money you pay the association to allow them to maintain the building and its amenities. This fee typically varies depending on the size of the unit you are buying. If you plan to purchase a new condo in the city, you'll want to factor in this fee to your budget.

Property Manager

The property manager is the person who manages the maintenance of the building and its day to day functions.

Rules and Regulations

Familiarize yourself with the various rules and regulations set by the condominium you are looking to buy. If you prefer a quiet home with strict noise restrictions, you may want to ensure there are proper guidelines in place to address any potential issues with your neighbors.

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Rental Guidelines

If you plan to buy a condo as a rental property investment, you may want to double-check if this is allowed in the building guidelines. There are condominiums in the city that prohibit or limit guests from entering the building.

Condominium Association

Review what people say about the condominium association before deciding to buy a unit in any building. You'll be dealing with them regularly, and you don't want to live in a property where the association constantly harasses you.

Storage Space

Additional storage space for property owners, especially in the basement, is an excellent addition to owners living in a condominium. These storage rooms provide excellent areas to put unused furniture, old clothes, and other personal items you want out of your home but do not want to throw away.

Pet Restrictions

This factor is an essential consideration for pet owners looking to buy a condominium in the city. If you're allergic to dogs or cats, you may want to buy a unit in a building with strict restrictions on pets.

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Amenities

Amenities are the many features and attractions that a condominium building has to offer its residents. These include swimming pools, a spa center, gym, exclusive elevator access, concierge service, valet parking, and many more.

Leasehold

Leasehold condominiums are properties that you purchase as lease for a certain duration. The overall price for these condos tends to be lower than the market average but does come with the caveat of losing ownership once the contract expires. You may want to check if you can renew at your discretion upon the end of the contract.

Check out our original blog post at https://kakaakocondoexpert.com/. If you would like to receive a FREE Competitive Market Analysis, contact me today. Let Me Help You Find Your Honolulu, HI Home! If you are a buyer, it is important to have the assistance of a Buyer's Agent to represent you during the transaction. If you need additional assistance or would like to schedule a showing, contact our office at (808) 638-1745 ************************************************************************************

POSTED BY

Equity First Realty

Duc Ong

(808) 638-1745

932 Ward Ave. Suite 420 Honolulu, HI 96814