Hawaii surfing | Photo by Jeremy Bishop on Unsplash
Thinking of Hawaii is thinking of natural beauty, often considered one of the world’s most stunning places. It is an archipelago with eight main islands, each with its distinct geography and beauty. The Hawaiian Islands were formed through millions of years of volcanic activity, resulting in dramatic landscapes, including towering volcanoes, craters, lava fields, and black sand beaches. The active volcanoes, such as Kilauea, continue to shape the islands. Hawaii is known for its world-class beaches, whether it’s the golden sands of Waikiki Beach on Oahu, the white sands of Kaanapali Beach on Maui, or the secluded shores of Lanikai Beach on Oahu, the islands offer an array of beach experiences.
The crystal-clear waters surrounding Hawaii are teeming with marine life. Snorkeling and diving enthusiasts can explore coral reefs and encounter colorful fish, sea turtles, and even dolphins. The annual migration of humpback whales to Hawaii’s warm waters is a remarkable spectacle. Hawaii is famous for its stunning sunsets. The combination of clear skies, the Pacific Ocean, and the islands’ topography creates a breathtaking canvas of colors as the sun sets behind the horizon.
The islands are home to various plant and tree species, including palm trees, hibiscus, plumeria, and orchids. The lush tropical flora adds to the overall beauty of the landscape. Hawaii boasts numerous waterfalls, some easily accessible, while others require a hike to reach. Iconic waterfalls like Akaka Falls on the Big Island and Manoa Falls on Oahu captivate visitors with their beauty. Hawaii’s indigenous culture and traditions, including hula, luaus, and the spirit of aloha, contribute to the islands’ charm and beauty.
The culture is deeply rooted in respect for nature and the land. Hawaii has several national parks, including Hawaii Volcanoes National Park and Haleakalā National Park, which protect and showcase the islands’ natural wonders. Hawaii offers various outdoor activities for those seeking adventure and exploration, from hiking and surfing to zip-lining and horseback riding.
From the lush rainforests of Kauai to the volcanic landscapes of the Big Island, These factors, among others, contribute to Hawaii’s reputation as a paradise and a place of extraordinary natural beauty. The combination of geological wonders, lush landscapes, and a vibrant culture make Hawaii a unique and captivating destination.
The trade winds whisper, gently sway,
As palm trees dance in a rhythmic play,
Beside shores of pristine, sun-kissed sands,
Where the ocean’s lullaby softly lands.
Cascading falls and water’s might,
Hidden in valleys, out of sight,
With vibrant blooms and fragrant air,
Flowers that nature’s touch did bear.
A hula dancer’s graceful glide,
Weaves stories of the ocean’s tide,
The aloha spirit, warm and true,
Binds the hearts of all it knew.
Underneath the starlit night,
Mysteries of sky take flight,
Celestial canopies in full array,
Guide the dreamers on their way.
In Hawaii, beauty knows no bounds,
Aloha’s love, in nature’s sounds,
A paradise for all to see,
A treasure, for eternity.
And its people? “Hawaii is demographically unique because it has the highest percentage of Asian Americans and Multiracial Americans, as well as the lowest percentage of White Americans.”
The laid-back, welcoming attitude of the people in Hawaii, often referred to as the “aloha spirit,” adds to the overall beauty of the islands. Visitors and residents alike are drawn to the friendly and relaxed way of life.
Enough of describing Hawaii to tourists. What about the prospect of investing in Hawaii’s real estate? I bet the market is unique and can offer good yields, but it comes with its own set of considerations:
Demand: Hawaii is a popular tourist destination and a sought-after place for second homes, which can create demand for rental properties. You may find a steady stream of vacation renters or long-term tenants if you have a well-located property.
Tourism: Hawaii’s tourism industry can significantly impact rental property yields. Properties in tourist hotspots like Waikiki or the North Shore of Oahu may have higher rental potential due to vacationers, but they can also be more expensive to purchase.
Property Types: The type of property you invest in matters. Condos and vacation rentals near the beach can generate higher rental income, but single-family homes may offer more stability and long-term tenants.
In addition, Hawaii offers a range of property types, from luxury homes to condos and investment properties. You can choose an investment that aligns with your goals.
Regulations: There are strict regulations regarding vacation and short-term rentals in certain areas. Complying with local laws and zoning regulations can be much to your advantage.
Long-Term Trends: Consider the long-term trends in Hawaii’s real estate market. Property values have generally appreciated over time.
Local Economy: Hawaii’s economy can be influenced by tourism and trade. Understanding the local economy’s strengths and weaknesses is crucial for long-term investment success.
Hawaii offers tax incentives for real estate investors, including property tax exemptions for homeowners and favorable capital gains tax rates.
Of course, Hawaii real estate may also have its challenges. Unique as it is, there is a market for everyone. As always, Hawaii’s potential for good yields depends on property location, type, management, and investment goals.
ABOUT THE AUTHOR: Stevenson’s experience in Philippine Real Estate spans over 15 years. He has been involved in horizontal, vertical, vacation, and commercial properties. He has worked as an International Property Specialist for markets in Asia, Europe, and North America with Ayala Land, Federal Land, and Century Properties. Through PhilHouseHunters, he offers real estate investment opportunities, marketing, and consultancy with a critical focus on Metro Manila and Mega Cebu areas. Visit www.philhousehunters.com. Email at derodarsales@gmail.com.
In New York City, Stevenson is affiliated with Elegran Forbes Global Properties as a Real Estate Advisor and licensed Real Estate Salesperson. Forbes Global Properties is a global network of elite real estate professionals, including brokers, developers, and agents, who specialize in luxury properties. Through Forbes Global Properties, members can connect with affluent buyers and sellers across the globe and showcase their high-end properties on a global stage. Email him at svderodar@elegran.com.)
