Tips for Buying a Luxury or Resort home in Kauai is a little different from buying the average tract house. Obviously the expense itself is a large factor, but more and more Luxury buyers are using the home as an additional asset in their overall investment portfolio. More than 70% of home buyers in Kauai come from the mainland, and most of these are from California. Working with buyers who start their home search from such a distance requires experience and extensive knowledge of the local market. I know how to help you identify and buy the right Kauai property to reach your goals.
In the 1950s the dream was to find a home and pay off the mortgage, now many financial advisers recommend using the mortgage as a way to not only offset income taxes but to leverage capital for other investments. For those just entering the Luxury or Resort home market, it’s important to know what to look for so that the home not only provides a pleasant living environment, but also appreciates in value as we have seen in the Luxury – Resort areas such as Hanalei / Princeville or Poipu, Kauai.
First and foremost…consider location. Towns, communities, neighborhoods are all very important factors in purchasing a Luxury or Resort home. More than many home purchases, finding the right real estate broker in Kauai can make a huge difference. I have extensive experience working with local and mainland investors ready to add a Kauai Luxury or Resort property to their portfolio. I will give you information about the various areas, neighborhoods and homes that are experiencing appreciating value. We will also discuss weather patterns and any potential weather related risks. The right location is critical if you plan to use the home as a vacation rental for any portion of the year.
The amenities in Hanalei / Princeville and Poipu communities are also very important. Many Luxury and Resort property buyers look for communities; offering security, privacy or even being self sufficient “off the grid”, these are important aspects to the home’s location. And as expected, in Hawaii a Luxury must have a view or even direct access to our amazing beaches here on Kauai. For resale and value purposes, the view will need to be important consideration. Remember that if this is intended to be used as a part of your financial portfolio, then increasing value is a critical part of the home purchase.
There are common amenities seen in most Luxury or Resort homes:
- Upgraded kitchens and bathrooms
- High ceilings
- Open floor plans
- Specialty rooms, such as library, media, gym, bonus or wine sellers
- Larger garages or parking for more than 3 cars
- Beach access
- Nice outdoor entertaining areas
- Reputation of neighborhood
Luxury homes in the United States have become a great investment tool. The United States Luxury & Resort home market is still more affordable than most countries. As this trend continues, the value of these homes will rise accordingly. Foreign buyers are flooding our Luxury and Resort home market with cash and I work with these buyers every day. Purchasing a home for yourself in this environment might not only provide you with a lovely home but could appreciate in value significantly over the next few years. A Luxury or Resort home purchase in Kauai is a great way to diversify your financial portfolio. Let me help you fulfill your dream of a home in our Island Paradise.
Call me at 808-652-8101