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Waialua : Real Estate Advice

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Sun Jun 7, 2009
Katie Minkus, R(B) answered:
Aloha, Roya. A highly regarded appraiser told me recently that if you are comparing two properties that are in the same neighborhood with roughly the same number of sq.foot under roof, same age, etc. (very comparable properties, in other words) superior ocean views will add roughly 10% to the value of the home from an appraisal perspective. As Frank points out below, however, comparing ocean FRONT to ocean VIEW - all bets are off, especially here in Hawaii. The other thing you must consider in Hawaii is which way does your ocean view face? For obvious reasons, a sunset ocean view is more valuable than a sunrise ocean view. Warm aloha, Katie Minkus, R(B). katie@hawaiilife.com ... more
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