Everyone remembers the first time they visited Hawaii. Cerulean waves, towering volcanic mountains, verdant rainforest... But why confine all that beauty to the pages of a photo album?
Why not add it to your property portfolio instead? Photographs fade (or get lost in the Cloud), but land, as they say, is the only thing that lasts.
Read on to learn three reasons your property portfolio needs to include Hawaii.
1. Vacation Home Flexibility
Let’s start with the fun stuff. If you own a house in Hawaii, you can vacation in Hawaii whenever you want. Simple, right?
Plus, working remotely is now easier than ever. Why not soothe your office burnout by transferring to an office with palm trees, surf, and (post-work) Mai Tais?
The Hawaii tourism authority reported that the number of visitors from 2010 to 2019 increased by nearly 5% each year. So if gorgeous weather and laidback living isn’t your thing, you’ll have no trouble turning your new acquisition into a rental property.
2. Consistent Property Appreciation
The world is a crazy, ever-changing place, and with it goes the economy. But you know what doesn’t change? People’s love for Hawaii. This means that if you’re looking to invest in real estate, Hawaii is one of the safest places to do so.
Because when people keep visiting Hawaii, people will keep deciding to stay in Hawaii. Who can blame them? If anything, we should thank them! This steady stream of buyers provides underlying support for a stable housing market.
3. Secure & Familiar Systems
Everyone wants a piece of tropical paradise, but often this involves buying property in a foreign country. And that’s fine, but there’s something reassuring about buying property in the U.S. – even if you’re geographically removed from the Mainland.
When you buy property in Hawaii, you get the security of the U.S. legal system. Adding to your investment portfolio is meant to help build wealth. The last thing you want is to lose that wealth to political instability (or mess up renovations due to a language barrier!).
4. Limited Investment Space
I’m going to let you in on a little secret. We might call ourselves the Big Island, but we’re about the same size as New Jersey. Thanks to that aforementioned beautiful cerulean water, Hawaiian land is a finite commodity. This means that it’s only going to get more difficult to find your slice of paradise.
In fact, the Hawaii Luxury Market Report revealed that luxury property sales increased by 26.25% in 2020. There’s plenty of space now… but you know how it works. The early bird gets the worm, or in this case, the ocean-front views.
Fill out Your Real Estate Investment Portfolio
Whether you’re looking for a designer home or a blank slate, we have a property that will make an excellent addition to your investment portfolio.
Need help visualizing your future acquisition? Check out some of the properties available on the Big Island. And when you find one that you think would look lovely sitting in your investment portfolio, I’m just an email away.
Aloha, and welcome to Hawaii.