Whoo-hoo, it's CONDO-MANIA week!  Kohala Estate Realty just closed escrow on three 3 luxurious condos. Check out this great value, which closed on 2/6/14 — 2BD, 2BA, $475k, MLS 266435 (See a virtual tour here).   What's the scoop on condos?  Why do people love them?  Simple reasons......

1) Easy upkeep:  if you like to travel, (who doesn't!)  or to spend half your time in another place, you can simply lock up your home, and the condo association takes care of the grounds,  pool, and amenities.  There is a paid neighborhood manager, or roving security.  Easy!

2)  Vacation Rental Income:  Many people would love to visit Hawaii and rent your beautiful home.  Making your second home a vacation rental is a wonderful and very smart way to subsidize your mortgage payments or maintenance fees.  Just lock up your personal items in a storage closet, and store your car and kayak in the garage for your next visit.  I find that many owners like to share or barter their Hawaiian condo with family, friends and business associates. Some savvy condo owners purchase in a corporate entity for tax advantages.  Hmmm....

3) Community:  I am blessed to own 3 condos in different areas of the Kona-Kohala Coast, and I will share with you from personal experience that my condo neighbors, who are from all over the world and all walks of life, have become wonderful friends and acquaintances.  Living the resort life together and sharing a glass of wine with new friends on your lanai makes life so much more fun and worth living. 

4)  LUXURY at a LOWER PRICE:   With a condo, you can get beautiful luxury, and great amenities AT A FAR LOWER PRICE in a resort area. Enjoy working out in your own private gym, swimming in your pool, hitting balls at the tennis courts, and using the Resort's Beach club.  At Mauna Lani Resort you can even have a paddleboard stored down at the beach for a minimal yearly rental (another great perk just for owners.) And temember this: If and when you are ready to sell your home, condo's in Hawaii are easy to sell and go up in price over time, just like houses.