Residential Home or Condominium Living?

Are you considering residing in a condo or purchasing a single family home? Yes, there can be objections & bonuses to both. Kimberly edifies the two different sequences of the individual lifestyles.

Do you prefer to pull weeds and manicure your yard in your underwear? A residential home would most likely be perforable for not only you but your neighbors. Although you would like to avoid monthly HOAs, having a private residence does come with other dynamics to consider. Your pool, landscaping, security /camera system, solar panels, air conditioning & plumbing need to be overseen. Factoring in these monthly costs, it can exceed the HOAs that condominiums accrue. However, a home has typically more room, privacy, garage space, parking, allows pets, and can be modified without approvals from a board of directors or association.

When loving life, it is convenient to either rent out your condominium or lock it up during nomadic travels. Having the ease of not scheduling weekly vendors, is can alleviate your time to use it on the beach or watching sunset. One of the bonuses to owning a condominium, there is an opportunity to make a return on your investment. When operating short term rentals, a vast majority of complexes allow transient vacation rentals. The owners then have the ability to carry the costs of property taxes, association dues, interior liability, and are traditionally right on the water. Keep in mind, you forfeit seclusion at the pool, storage space for your golf cart & scuba gear, and are surrounded by different travelers throughout the year.

Depending on the limitations and the amount of time you spend on Maui, either a residential home or condo may be feasible for your routine. Wherever you are, it is important to be outdoors taking advantage of the sunshine, activities, and Aloha Spirit.

If you need further assistance, please contact Kimberly. Kimberly, your local Maui agent, will help see through all oppositions & assist in leading to your ideal Maui dwelling .