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Manoa : Real Estate Advice

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  • Local Info0
  • Home Buying3
  • Home Selling0
  • Market Conditions1

Activity 6
Fri Dec 5, 2014
Pallavika C Patel answered:
It would be my pleasure to help you. Please contact me at 808-255-3869 or polly.patel@eastoahu.com.
There are some condos for sale in the building,

Pallavika Patel RA, MSN, ARNP-c

pallavika55@aol.com
Mobile Phone: (808) 255-3869Fax: (808) 447-2316
East Oahu Realty, Inc. Suite 1146600
Kalanianaole Hwy. Honolulu, HI 96825-1280
... more
0 votes 2 answers Share Flag
Fri Jan 31, 2014
Taui Sipili asked:
Mon Nov 18, 2013
Debra (Debbie) Rose answered:
ohhh ...it's $8000 NOT 800?!

bigggggg difference!
ha
0 votes 4 answers Share Flag
Tue Oct 8, 2013
Heidi M. Ho answered:
Yes, it is fee simple. maintenance fees $ 493. It is required by law to indicate whether the property is leasehold or fee simple. I agree with the other two answers.
0 votes 3 answers Share Flag
Sun Jul 3, 2011
Christine Kim-Broker/Property Manager answered:
Hi Carla,
Obviously you have heard all the pros for purchasing now at this time because the rates are so low and are heading soon northward, and for purchasing in Manoa, however, please let me play devil's advocate.
My concern would be for your exit strategy, that is your goals for your property. Are you buying it as an cash-flow investment, second residence, primary residence or flipping? If it was a cash-flow property you desire, it probably would not pencil out. Most single family homes in Manoa, that are not complete fixer uppers, would typically run you around $800K+, and you would be hard pressed to find a renter for more than $4000, and net positive if you held a mortgage. There are other condos and houses, in town, and Waikiki, that would at least get you some positive cash flow. I am not certain if you know that most homes in Hawaii run on the smaller side. Most homes in Hawaii are not much more than 1800-2200 sq ft for a 3-4bdroom Single Family and it would still run you almost $1M for something you do not have to touch up in East Oahu.
If it was a longterm investment or second home, Manoa is beautiful with lush greenery, and is a quiet sleepy suburb in much demand so it should ultimately pan out barring another real-estate meltdown, however, I prefer other locales better. Manoa is too quiet and damp for some. For me, I despise having to run a dehumidifier 24/7 so that mold doesn't grow on my teeth, let alone clothes and household belongings, and more so, I abhor doling out hard earned money to pay for outrageous utility bills as I probably prefer it dryer than most. In addition, my idea of stress-free living is not sitting in traffic during rush hour due to the fact that Manoa, like most places on the island, has only one major way in and out. Obviously, if you have children, schools are a big part of the decision making process, and I have mainland preferences in that children should attend good public schools if at ll possible. Hawaii Kai, (Hahaione), Aina Haina, and Kahala have the best rated public elementary schools and are all beautiful and safe neighborhoods (Do you have children? What are their ages? Do you plan to send them to public or private school? ) Where will you be working or will you be retired?
In addition, I prefer homes built with a minimum of double wall construction, which is sometimes not the case in Manoa, as it is an older neighborhood, with your mix of older homes that have and have not been fully renovated.
Regardless of the above, you may also want to consider the views. If you live in Manoa, there are not many homes where you get ocean views which is very desirable for most but especially for those from the mainland that say that if they were moving to Hawaii, they want to see and/or be near the ocean. Depending on where you live and work, you may only see the ocean as you travel downward on University from Manoa.

Please don't get me wrong, it is wonderful in Manoa, but it is wonderful almost everywhere in East Oahu.
If planning to reside anywhere, first ask yourself what you want, how you want to live, where you want to get to before choosing a location. That's the surest way to ensure your happiness with your home purchase.
My next recommendation is to rent if possible in the location you are considering.
Then speak to a Realtor who understands what you want and can fully outline all the pros and cons of a purchase, not just rubber-stamp what you may like and push you to a decision based on possible earlier commissions.

Just my two cents... ;)

Aloha,
Christine Kim
... more
0 votes 15 answers Share Flag
Thu May 8, 2008
David M Nash answered:
Hi Brandon,
I would look at the Contessa if you are looking at a nice building with strong re-sale that is fee simple. it has 2 bed and 2 baths and wrap around lanais. they range from 350k up. There are lots more choices around but from your description i would look at this building and adjust budget and amenities from it. If you are looking for a cement block building (CMU) there are lots of those right at campus.
Of course if you want more info, please call or email. I focus on buyers living away with my buyer video service. Happy to make and send one for you, my turnaround is normally same day if the unit is available for viewing.

Aloha,
David Nash
www.theoahuagent.com
808 271 2223
... more
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