Whether you’re looking to buy Kauai condos to buy for an investment for an investment or your own personal getaway, there are many factors that go into making the right decision. A big first step is to determine your budget, then work with a local experienced real estate agent who can guide you towards properties that meet both your needs and abilities. After this, you’ll need to decide between purchasing a home or a condominium. Both options come with their own pros and cons. If you purchase a home, you’ll need to take on the additional costs of homeownership which can include maintenance and insurance. A condo is a more hands-off option, but it does not come with the privacy that a home offers.
What are the 3 most important factors in real estate?
Then, it’s important to research what type of property will perform best in your specific market. To help, Evolve has compiled key statistics for Kauai’s most popular destinations, the Big Island’s Kona coast, and Maui’s famous Wailea, Kihei, and Lahaina areas. These reports provide a general baseline for performance potential and are designed to help you make more informed decisions when investing in Hawaii vacation rentals.
On Kauai, rental properties in the south shore area of Makena and Princeville are popular choices, offering condos and homes with golf, tennis, boating, and secluded beaches. On Maui, popular resort communities like Kaanapali, Kihei, and Wailea feature homes and condos with ocean views and a variety of amenities. And on the Big Island, vacation homes near the recently-expanded Hawaii Volcanoes National Park and black sand beaches generate high demand from travelers looking for an unforgettable island escape.