Purchasing an existing home or condo is likely to be the faster route, but building your Hawaii home may have its own rewards.
If your timeline requires you to move into a new home within a month or two after you begin your search, the answer is easy: focus on the existing inventory.
If you'd rather spend your Saturday at the beach or on a hiking trail than at a construction site checking in on your tile delivery, again, an easy decision. Choosing a home from the inventory of existing homes and condos is probably the more simple alternative. When you're ready, you can renovate or make cosmetic changes to suit your tastes.
But, if you have time on your side and you're up for the challenge, there is plenty of land for sale on the Big Island. Over 2,300 parcels at the time of this writing.
Lots range from small parcels in rural Puna and Ka'u priced under $10,000 to multi-million dollar ranch and estate properties located around the island. To see examples that fall somewhere in between, take a look at building lots in North Kona, Waikoloa Village or South Hilo.
Building new lets you determine how your home is positioned on the lot, allows you to choose the custom finishes that suit you, and provides an opportunity to include the most up-to-date technologies to make your home energy efficient.
If building a home on the Big Island is something you're considering, let your REALTOR® know. Our agents can point you in the right direction to investigate the current cost per square foot for construction or to investigate options for construction loan financing.