When you think about Hawaii several images immediately come into your mind. The sandy beaches, Hula girls, pig roasts and warm weather are probably just a few of them. These factors also make investing in real estate properties in Hawaii very attractive to savvy Investors. Here are five reasons why you should strongly consider being one of those investors.
First, the opportunity to generate a substantial return on investment from rental income exists. There are a large number of tourists that visit the Hawaiian Islands throughout the year. Oahu, Maui, Kauai all have several properties with breathtaking views. The islands also offer their own unique experiences for almost any individual, couple or group. Purchasing Hawaiian real estate may appear to be expensive upfront, but the potential rental income return is substantial. There is very high demand from these groups to rent properties on these islands throughout the year. The terrific location and weather also mean that a tremendous opportunity exists to generate positive cash flow year round.
Second, the Hawaiian islands weather and climate offer a tropical paradise that most people want to experience. Those who live in Hawaii will be the first to admit that they have been spoiled with great weather. This means it is possible to enjoy the beach and participate in several outdoor activities you would never get to enjoy in other places. Who does not like the idea of getting up in the morning to a beautiful view in warm weather? This is a strong selling point that can be used to attract renters that want to live in Hawaii on a seasonal basis.
Third, the Hawaiian islands have a special appeal to nature lovers. This group loves the idea of being able to hike, bike, surf and snorkel year round. There are several mountains, forest and trails that are all hot buttons for outdoor enthusiasts. This appeal is another strong selling point that can be used to attract them to rental properties.
Fourth, the Hawaiian islands have a rich mixture of diverse cultures that make it a fun place to live. Several Asian and Pacific Islander groups that settled Hawaii brought rich traditions with them from their original homeland. This blending of cultural influences pervades the islands and offer a rich history that attracts historical travelers. Not to mention the thousands of travelers who come from around the world to experience all the Hawaiian islands have to offer.
Fifth, commercial development and fluctuating Hawaii Home prices mean great investment deals exist on the Hawaiian islands. The typically high tourism drives commercial development on the islands. There is only so much land available and if you own some, then you are likely to be offered a heft price tag to unload it. There are also times when tourism is lower and higher priced properties might be available at steep discounts. If you carefully monitor market conditions and have connections, then it’s possible that you could get lucky and buy them. This could mean an immediate return and positive cash flow when the tourism market picks back up.