Condominiums are a great option for many people who move to Hawaii. There’s less homeowner maintenance. You have easy access to great amenities like a pool and fitness center. Neighbors can quickly become friends. But there are many things to consider when buying a condo in Hawaii.
This top floor condo at Keauhou Kai near Keauhou Bay in Kona has a large wrap-around lanai and an open floor plan, which is great for relaxing and entertaining Keep in Mind…
Monthly fees. Nearly every condo will have some form of fees attached. Association dues may cover maintenance and landscaping, but typically do not include all utilities. Be sure you know what is and is not covered in your monthly fees…and if there are any major increases planned for the near future.
Health of the condo association. If you can, talk with current condo owners and ask them about the board leadership and how finances are handled. Does the association have healthy financial reserves? What is expected of members? Are people happy with the association? These things will help you know if that condo environment is a good fit for you.
Location. Many condos are located right along the beach while others are further away. Depending on your goals for moving to Hawaii, the location is probably a major factor in your decision. Condos closer to commercial areas draw owners who want to be close to restaurants, shops, and nightlife while other condos are in quieter areas. Is it important for you to be within walking distance to amenities?
Storage areas. Are you a surfer or biker who will need a place to store large items? Some condos offer storage closets or garages while others have limited space. Be sure your potential condo in Hawaii can store the bulky items that won’t fit in your home.
Are vacation rentals allowed? If you’re buying a condo as an investment, you should make sure the condo association allows vacation rentals. Some require a 30-day minimum. Many people who live in Hawaii year-round do not want to be surrounded by neighbors that change weekly.
Are pets allowed? Fido will need a place to lay his head, and if you want him to do so in your home, be sure the condo you’re interested in allows pets. In Kona, condo associations are more accommodating to cats than dogs, but there are a few who accept both. Often, there is a weight restriction.
Is there an on-site manager? While some condo associations run very independently, others are largely dependent on hired staff to maintain common spaces, handle noise complaints, and more. An on-site manager can help condo owners and assist in maintaining rules and regulations for the association.
Amenities. Most condo associations offer similar amenities in order to compete with one another. Be sure you walk around the facilities and determine their condition. Do people take good care of the on-site fitness room? Is the pool area tidy and well-maintained? You want beneficial amenities that are maintained well.
House rules. This goes back to my earlier point about location. If you’re a person who prefers peace and quiet, you will probably appreciate a condo association with well-enforced quiet hours. If you don’t like a lot of restrictions, choose a condo where there are fewer rules. Just be aware that you may not have the right to ask your neighbor to keep the noise down at 10:05 on a Thursday night.
Leasehold or fee simpl
