Hawaii Real Estate February 15, 2023

6 Reasons Why Hawaii Real Estate is Different than on the Mainland

Hawaii real estate differs from mainland real estate in several key ways. Here are a few examples:

  1. Land Tenure System: Hawaii has a unique land tenure system that is based on ancient Hawaiian practices. There are two main types of land ownership in Hawaii: fee simple and leasehold. Fee simple ownership is similar to the land ownership system on the mainland, where the owner owns both the land and any improvements on it. Leasehold ownership, on the other hand, means that the owner only owns the right to use the land for a specified period of time, typically 30 to 99 years.
  2. Limited Inventory: Hawaii is a small state with limited land, and this can make real estate inventory tight. As a result, properties in Hawaii can be more expensive than similar properties on the mainland.
  3. Unique Climate: Hawaii’s tropical climate can have a significant impact on real estate, with concerns about humidity, rain, and the potential for natural disasters like hurricanes and tsunamis.
  4. Cultural and Community Differences: Hawaii has a unique culture and sense of community that can be different from what you’ll find on the mainland. This can impact the type of property you’re looking for, the neighborhoods you’re interested in, and the kind of lifestyle you’re hoping to have.
  5. Zoning and Building Codes: Zoning and building codes can be different in Hawaii than on the mainland, due to concerns about the environment and sustainability. For example, there may be restrictions on building heights or the use of certain building materials.
  6. Workforce Housing: Hawaii has a unique challenge with affordable workforce housing, due to the high cost of living and limited inventory. As a result, there may be specific programs or requirements in place to ensure that local workers have access to affordable housing.

Overall, Hawaii real estate can be a unique and exciting opportunity, but it’s important to work with a local real estate professional who understands the unique market and can help guide you through the buying process.