How much does it cost to live in Hawaii and tips

If you hurry, you can also become owners of home ownership in the neighborhood of a Hollywood star, famous businessman or politician.

True, prestige comes at a cost. The median home price in Hawaii is $500,000. But this price confuses not many. Thus, a Russian community has long existed in the Hawaiian Islands. Therefore, if you buy real estate in Hawaii, you will not be lonely and quite comfortable there.

The Hawaiian real estate market is no more complicated than the American one. Therefore, if you are already familiar with buying a home in the US or Western Europe, then nothing complicated awaits you. If you are a beginner and just planning to invest in overseas real estate, read on.

When buying real estate in the Hawaiian Islands, you need to know that there are two types of ownership of the purchase: freehold (FS) and leasehold (LH), the purchase of real estate on a leasehold basis. In the first case, you own both the land and the buildings on it. In the second case, you own only the buildings, and you rent the land.

In Hawaii, they are building a variety of housing, and not just the palm-frond huts that you see in the movies. You can buy a single-family house, a multi-family house, an apartment, a land plot without buildings, a timeshare.

A house like a cottage or a villa will cost more than $500,000. But an apartment with a total area of 100 square meters can be bought for $200,000. Which is quite comparable with the price of an apartment in Moscow or a cottage in the suburbs.