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Topic

Rents are going up - where to buy a condo ？ ？

Housing
#1
  • お部屋
  • mail
  • 2024/11/05 12:17

A couple lives in a rental. Waikiki.
Our rent is going up again next year.
Our salaries will all go to rent.

We are talking about buying a condo next year.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#6

I bought a house from a condo 20 years ago and now I regret that I should have kept the condo because both have tripled in value, but it seems that the management fees have gone up because of that, so when you buy a condo, you should look for the actual amount plus the monthly management fees ＋ ＋ electricity I think it is a good idea to include the amount of annual property tax in your budget when looking for a condo.

If you plan to live there for a long time, it would be a shame to rent, but you can also buy a reserve condo with income restrictions for less than the market price, although you are bound to have to live there for 10 years.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#7
  • nicole
  • 2024/11/06 (Wed) 16:02
  • Report

#4 min #6 MAHALO
It is nice that you live in a single family home.
However, I have heard of people being robbed while on vacation when the whole family is away, even with Secom.
Are you two ok ？
I have never heard of anyone being robbed in an owner-occupied condo.
It must be safe because it is a condo with many owners.
It's nice that condos have security and it's hard to tell from the outside if you're away for long periods of time, but
the downside is that management fees go up.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#8
  • お部屋
  • 2024/11/06 (Wed) 20:37
  • Report

Thank you all for your input.
I have started looking for an affordable condo in Waikiki ！.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#9
  • ハワイ
  • 2024/11/08 (Fri) 07:52
  • Report

I, too, plan to buy next year.

I am looking mainly in the Makiki area.

If you are buying, you are supposed to use a real estate Agent, but
it seems that you are supposed to sign a Buyer Agent contract
with the Agent before viewing the property.

In other words, it is a contract that says, "I will select you as my Buyer Agent
." This is a contract that says "I will select you as my Buyer Agent .

In the past, there was no problem to sign this contract at any time, but
from this year, the law has changed and it is necessary to sign
before viewing. Of course, the contract with the Agent is free of charge
and the contract can be cancelled at any time.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#10
  • satou姫
  • 2024/11/15 (Fri) 23:27
  • Report

Rough ceilings in older condos are popcorn sealing, spray paint containing asbestos
If you buy such a room, the ceiling needs to be replaced.

If you rent, avoid rough ceilings
Asbestos is a health hazard, so be careful!

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

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