If you are considering buying property in Honolulu, Hawaii, consider this. The weather is beautiful all year round, the ocean is crystal clear, and you can still find everything you love about the mainland. Plus, you have unique options that could turn your purchase into an incredible investment.
Destination Property
Honolulu’s very location creates investment opportunities that aren’t quite like any other in the world. Who doesn’t love Honolulu? It’s one of the most popular destinations in Hawaii, which means you can easily turn your real estate purchase into a vacation rental when you are not using it. Some properties go for several hundred to more than a thousand dollars per night, raking in quite a tidy sum that not only helps pay for the property, but puts money back in your pocket. If you’re buying property in Honolulu, but won’t be here all year round, this is an excellent investment opportunity.
Leasehold Investment
In addition to vacation rentals, Honolulu has a more long-term investment opportunity. You can sell your property, especially if it’s a condo, as a leasehold property. This means someone will pay for the right to use your property, often for several decades, and when the term is up, it becomes your property again. While monthly revenue is a bit less than the typical mortgage, you are free to adjust the rate every 10-15 years or so. Leasehold properties are uncommon in much of the United States, but are very popular in Honolulu, especially with condos.
Invest in Luxury
If you are looking for property that is as unique as the investment opportunities Honolulu offers, you’re in luck. Look no further than Nuuanu Penthouse One! A newly renovated, contemporary penthouse in one of Honolulu’s quiet boutique high rises. Just outside the bustle of the city, this property commands 360-degree views of Downtown Honolulu, the Ocean, Pearl Harbor, Punchbowl, and the Koolau Mountain Range. Floor to ceiling windows allow residents to take full advantage of both the views and the penthouse lifestyle. Refined details like Inovar Barnwood Oak flooring, tiled marble, and two generous lanais make this top floor property comfortable for you or your tenants. The pet-friendly building makes maintenance a snap and offers four secure, designated parking spaces to go with the unit.
What’s even more unique is how you can name your own price for Nuuanu Penthouse One as it is being offered at a luxury no reserve absolute auction. If you’re thinking about buying property in Honolulu as an investment, you could begin earning a return as early as January in a process that often closes in just 30 days. Parties who are interested in attending the December 17th 2015 auction can call Supreme Auctions directly at (866) 929-2243 or email us with any questions.
