Purchasing a Kihei condo for sale can be a great investment for a number of reasons. Condos require less maintenance than single-family houses, allow you to interact with neighbors, and offer great amenities for a fraction of the cost.

 

However, the biggest question is how you choose the right Kihei condo for your household. The Ohana Real Estate Team offers you a list of practical tips.

In the last year, we’ve seen the inventory of Kihei condos for sale multiply six-fold. If you began searching for a condo without a plan, the hundreds of currently available properties would be overwhelming. To better utilize your time and find the property that best suits you, begin by asking yourself some important questions:

When you’ve created a list of non-negotiables and a secondary wishlist for wants, present this to your real estate agent so they can find you some great options.

If you are planning to make this condo your primary residence, your prioritization of features will be different from one that is intended to be used as a vacation rental. Stick to your original priority list to get a condo that you’ll really feel at home in, but if you want to rent out the condo, consider their needs.

 

Tourists want close and convenient access to restaurants, shops, and top attractions. Most visitors will be arriving by plane and may not have a rental car, so if your condo can offer walkability, that is an enticing selling point.

 

Also, consider the amenities your guests would enjoy, even if they differ from those you prioritize. Is there a pool? Fitness center? Game room/home theater? Choose a condo whose amenities offer features the average traveler enjoys on vacation.

Real estate agents all have their niche, whether it be single-family properties, military relocations, or condos. The Ohana Real Estate Team is experienced in helping clients find both luxury properties and condominiums. You can count on the team to guide you to the very finest Kihei condos for sale and ask all the right questions to provide you with the information you need to make an informed and confident decision.

The condo market in Kihei is warming up after economic uncertainty led to some quieter months in mid-to-late 2022. On average, you can expect to spend $1.1 million for a condo, and the options are plentiful. This is good news for you as a buyer, as sellers must work hard to attract buyers when there’s more supply. Typically that translates into an increased willingness to negotiate and better pricing. The annual peak season of home purchasing begins in the spring and carries through the summer months, so we can expect inventory to continue to increase over the next few months. Of course, there’s a reason for the increased inventory in the spring. This is also when more people are looking to make real estate investments, so if you want to get ahead, start looking for your perfect Kihei condo for sale now.

Almost all condo complexes are run by a property management company. This is who you’ll ultimately be dealing with for shared maintenance, upkeep needs, assessments, and fees. Understanding how the property management company works, its proven customer service track record, and what will be expected of you in advance can prevent headaches down the road. Contact current and former property owners, and read online reviews for insight.

 

If the opportunity presents itself, spend some leisurely time at the condo complex where you are considering purchasing. Observe the people coming and going and the condition of the property. Is it well-kept? Do neighbors interact? Do the amenities seem crowded? Is there adequate parking and storage? Seek to get acquainted with your future neighbors and get a firsthand perspective on living there.

 

Learn all you can about the property owners’ association, including when it meets, membership costs, and the rules owners and their guests are expected to follow. During this inquiry, ask about imminent special assessments, such as a roof replacement, upgrades to the pool, or installation of a new elevator. Expensive maintenance and improvements such as these are part of the common property of the condo complex, and all property owners will be expected to share in paying for them.

When you’ve narrowed down your choices and are ready to make an offer on a condo, be sure to include a home inspection contingency in your contract. A great home inspector will identify potential damage or wear-and-tear that isn’t always visible on the surface. This includes evaluating the electrical system, plumbing, exterior surfaces, attic, HVAC system, and more. If vulnerabilities are revealed, you’ll have the choice to negotiate with the seller to repair these items, accept them as they are, or offer a lower purchase price and see to the repairs yourself.

If you’re ready to begin your search for the perfect Kihei condo for sale, reach out to the Ohana Real Estate Team. They’ll be glad to answer all of your questions and help you find the perfect condo, whatever your investment goals may be.