Everybody wants a piece of paradise, but nobody tells you about the subscription fee. If you are looking at Zillow and calculating a standard mortgage, you need to stop right now.
As a Principal Broker with an MBA and over 22 years of experience in the real estate market, I see buyers get blindsided by the true cost of living every single day. In this video, I break down the 5 hidden costs of Hawaii real estate that can turn your tropical dream into a financial nightmare if you aren’t prepared.
We are diving deep into:
1️⃣ The “M” Word (Maintenance Fees): Why Honolulu condo fees can easily hit $1,000 to $3,000+ a month, and what they actually cover.
2️⃣ The Salt Air Tax: How the beautiful ocean breeze cuts the lifespan of your appliances in half.
3️⃣ Liquid Gold (Electricity): Hawaii has the highest electricity rates in the nation. Here is why solar isn’t just eco-friendly—it’s essential.
4️⃣ The Hurricane Deductible: The shocking truth about insurance deductibles (hint: it’s a percentage of your dwelling coverage, not a flat fee).
5️⃣ The Alphabet Soup (GET & TAT): Renting out your property? You must understand the General Excise Tax and Transient Accommodations Tax before you calculate your ROI.
Hawaii real estate remains one of the best investments on earth—but only if you have a broker who knows the difference between a good deal and a money pit. You need the real numbers and the real talk.
Looking to buy or sell in Hawaii? Let’s connect and strategize your next move.
🌐 My Website: https://jasonwong.us
🏢 Island Dragonfly: https://islanddragonfly.com
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