by Admin
Posted on 01-01-2024 01:52 PM
Before you spend money on costly upgrades, be sure the changes you make will have a high return on investment. It doesn’t make sense to install new granite countertops, for example, if you only stand to break even on them, or even lose money. Plus, these improvements may not be necessary to sell your home for top dollar, particularly if inventory levels are low in your area (which they are in most areas these days).
A good real estate agent will know what local buyers expect and can help you decide what needs doing and what doesn’t. In general, updates to the kitchen and bathrooms provide the highest return on investment.
There’s no doubt about it, buying a home—especially in hawaiʻi—is a daunting task for first-time homebuyers. From qualifying for a mortgage loan to deciding on a location and learning what schools are in what districts, a lot goes into owning your own slice of paradise. Fortunately, list sotheby’s international realty agents brandon kim and tiffany chen can help. Here, they share some of the lessons and tips you need to know if you’re in the market for the first time.
“one of the most important steps is figuring out your finances,” says kim, who was born and raised in east oʻahu.
Market prices for homes on oʻahu fluctuate frequently. If you’re nursing a long-held dream of owning real estate on the island, it pays to keep tabs on the market regularly. In addition to browsing current listings , we also like to check in with the oʻahu real estate report from the real estate firm locations. Updated monthly, their report offers up to date pricing and statistics on the oʻahu real estate market. It’s a great place to take a reading.