Saturday, December 9, 2023 / by Ronnie Margolis
When You Sell Your House, Where Do You Plan To Go?
If you’re thinking about selling your house, you may have heard the supply of homes for sale is still low, and that means your house should stand out to buyers who are craving more options. But you may also be wondering, once you sell, how does the current supply impact your own move? And, will you be able to find a home you want to buy with inventory this low?
One thing that can help you find your next home is exploring all your options, including both homes that have been lived in before as well as newly built ones. Let’s look at the benefits of each one.
The Pros of Newly Built Homes
First, let’s look at the advantages of purchasing a newly constructed home. With a brand-new home, you’ll be able to:
Create your perfect home. If you build a home from the ground up, you’ll have the option to select the custom features you want, including appliances, finishes, landscapim ...
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Wednesday, March 29, 2023 / by Ronnie Margolis
It is essential to understand that not all houses in Hawaii are connected to water treatment plants. Therefore, two systems are presently used in the state - the cesspool and septic tank.
To help get you more acquainted with the wastewater system in the Garden Island, we have formulated a list of regularly asked questions that will be useful as you look into buying a property in the area.
WATCH ?? Cesspool And Septic System In Hawaii:
What You Need To Know
Key Moments:
[00:00:03] Introduction: Hawaii wastewater system
[01:08] When am I required to upgrade my cesspool?
[02:30] How do I find out if my building permit has been approved by Dept. of Health?
[02:46] How do I apply to install a septic system?
[03:20] How often should I pump my septic tank?
[03:44] How do I know when to pump my cesspool?
[04:22] How do I know where my cesspool or septic system is located?
[04:41] Why is my septic system not approved for use by Dept. of Health, but I received a CO (c/ ...
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hawaii real estate, kauai market update, kauai real estate
Wednesday, March 15, 2023 / by Ronnie Margolis
If you're considering purchasing property on Kauai, it's important to understand the unique assessment process for taxes.
One important tip: Head over to the property tax department and apply for a homestead exemption after purchasing your property. This is a fantastic way to save on taxes while enjoying Kauai. Make sure you file your application before the deadline of September 30th!
As a Kauai homeowner, understanding your property is classified and
taxed by the county or tax department is important. You should know that if renters reside in your home, irrespective of its zoning status, you will be taxed at the "commercialized home use" rate. This has nothing to do with whether or not the planning department approves it as a multi-family dwelling. It's simply how the tax basis is determined.
Unlike in some states where properties reassess at the sales price, Kauai assesses based on comparable properties, with the county reserving the right to be within 20% high or low. This cs ...
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kauai market update, kauai real estate
Tuesday, January 17, 2023 / by Ronnie Margolis
Living in the Aloha state of Hawaii is a dream for many.
The Margolis team founder Ronnie and his wife, Gwen, have been happily living on the island of Kauai for 17 years. His passion for quality living and realty inspires him to help many people find their dream properties.
As we've entered a new year, the market is continuing to decelerate, and there are fewer real estate buying transactions. Prices have mostly stayed the same in the islands, certainly on the neighboring islands, Kauai, Maui, and the big island, because of the continued lack of inventory.
The good news for buyers is: you don't have a lot of competition out there, and there are more things to choose from. The inventories for real estate in Hawaii are rising, albeit slowly. If you're looking for a place — whether you're coming here to retire or searching for a great vacation rental property, it's an excellent time to BUY NOW. The interest rates if you're getting a mortgage are still fluctuating. Often ...
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hawaii real estate, kauai market update, kauai real estate