Be realistic when it comes to the properties you can get for what you’re willing to spend. When it comes to a vacation home, there are properties available regardless of your budget, but some afford ocean views or access while others do not. Are you prepared to drive to the beach? If your top priority is a more luxurious waterfront home
, be prepared to pay more.
Understand your goals. If you intend to vacation in the home yourself, or even live in it during a certain time of the year, you want to be certain it’s the ideal property and location – a place your family will be excited about coming to, one that’s relaxing, comfortable, and includes the features/amenities most important to your lifestyle.
Do a little research if you want to buy in one of the resort communities on the Big Island. Who are the developers and builders, and what are their reputations? Is the property maintained as you would expect, and if you’re looking at a condo, is there a building manager? Resort properties are exclusive, so you should expect an enhanced way of living.
What about the history of the community or resort? Knowing whether properties, including the one you’re considering and those around it, have maintained or increased in value over time is important when you want to make a smart investment. You may also want to research whether the home has ever been rented out, and if it’s a location that is sought-after. Learn all you can!