Rent to Own Homes in Honolulu
Once you settle into a home in Honolulu, you will rarely get the urge to leave. Most locals dread the seemingly long drive to other Hawaiian cities, and traveling to other states on the mainland is even more of a drag. You have everything you need right in the city, so there’s really no need to go anywhere else. For outdoor enjoyment, the coastline delivers miles of sandy beaches with many surfing hotspots. The city also gives residents and visitors access to the Koolau Mountains, Waianae Mountains and Mt. Kaala.
The Arts District is also a big attraction. It’s located in the downtown area near Chinatown and is home to many theaters, art galleries, bars and restaurants. Families living in the area enjoy visiting the Honolulu Zoo and the Honolulu Harbor.
Buying a Home in Honolulu?
When moving to Honolulu from the continental United States, you must consider the added expense of moving your belongings 2,000 miles or more, including a trip across the ocean. You’ll need to hire special transportation carriers to transfer your belongings, and the cost of moving a vehicle into Hawaii is often quite high. If you’re unable to visit the Oahu Island before moving, work with a local real estate agent to find a short-term rental home. This will allow you to settle into the island and look at homes in person before investing.
While real estate on this island is much higher than the national average, the area also has a low unemployment rate due to an abundance of work opportunities. Think about how close you want to live to the water, and makes sure your real estate agent knows the location of your employer if you’ve already secured a job.
Popular Neighborhoods in Honolulu?
Waikiki is one of the liveliest neighborhoods. You’ll find yourself surrounded by a healthy mix of locals and tourists, and there’s always something to do after dark in this area. If you want to live close to many businesses and employment opportunities, look west of Waikiki in the Ala Moana Beach area. This is closer to downtown and offers a variety of retail shops in addition to easy beach access.
If you want to get away from the large resorts and flood of visitors in Honolulu while remaining within reasonable distance of the downtown area, go to East Oahu. This is a less touristy area with miles of white sandy beaches and a slow-paced, relaxed lifestyle.
Buying vs. Rent to Own Homes?
Why stress out over buying a home when you can take advantage of a rent-to-own agreement? Rather than securing a home loan and offering a down payment on the spot, you start out as a renter. After renting your home for a period of time, you have the option to make it your own. In many cases, part of your rental fee is saved and will eventually serve as part of your down payment. This is the less stressful path to home ownership for many consumers because it allows more time to prepare for the loan approval process while giving immediate access to the property.
Cost of Living in Honolulu?
If you want to enjoy the laid-back atmosphere of life in Honolulu, you’ll have to pay your way. You’ll pay more for products here because most goods are shipped in from the continental United States. The year-round warm weather and safe environment of the Oahu Island makes it one of the most desirable Hawaiian regions, and that drives up real estate prices. This is one of the most expensive places to live in the U.S., but you can eliminate transportation expenses if you choose to live in a neighborhood within walking distance of the beach and your work.
Honolulu is one of the most beautiful places in to live in the United States, but it’s also one of the most expensive. The city is located on Oahu Island and has a unique, laid-back culture. Locals mingle with visitors enjoying the constant warmth, and white beaches bring in the surfers and other water sports enthusiasts all year round. Employment is just as plentiful as sand in this fun city, but you must prepare your budget before moving.
Summary
Honolulu is one of the most beautiful places in to live in the United States, but it’s also one of the most expensive. The city is located on Oahu Island and has a unique, laid-back culture. Locals mingle with visitors enjoying the constant warmth, and white beaches bring in the surfers and other water sports enthusiasts all year round. Employment is just as plentiful as sand in this fun city, but you must prepare your budget before moving.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
Find properties near me with Rent to Own Labs.
- 96817
- 96816
- 96818
- 96819
- 96822
- 96825
- 96826
- 96815
- 96813
- 96821
- 96814
- 96830
- 96823
- 96820
- 96828
- 96839
- 96837
- 96802
- 96824
- 96812
- 96835
- 96827
- 96850
- 96849
- 96848