The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 28th, 2015

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Makiki~Lower Punchbowl~ Tantalus

Honolulu, Hawaii

makiki heightsMakiki~Lower Punchbowl~Tantalus area real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and town homes. Most of the residential real estate is owner occupied. Many of the residences in the area are older, well-established, built between 1940 and 1969, with a number of residences built before 1940.

Home and apartment vacancy rates are 8.3 percent and it’s a rate lower than 55.9 percent of the neighborhoods in America.

A unique way of commuting is simply to avoid travel all together and in the Makiki~Lower Punchbowl~Tantalus area 18.5 percent of the residents work from home, while 24.8 percent of commuters carpool. If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. The Round Top Drive/Tantalus Drive neighborhood is a fantastic option for bicycle commuters, as 3.4 percent of commuters here do ride their bikes to and from work on a daily basis.

Furthermore, if you are planning to retire in Hawaii, the Round Top Drive/Tantalus Drive neighborhood should be on your must-see list. For many reasons, the neighborhood is considered a retiree’s dream neighborhood. It’s peaceful and quiet, has above average safety from crime compared to other neighborhoods in Hawaii, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 97.5 percent of neighborhoods in Hawaii.

For many reasons, Makiki~Lower Punchbowl~Tantalus area is ideal neighborhoods for first-time home buyers in the state of Hawaii. Homes here are priced below median housing values in the state. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality resident population, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for active retirees.

Your future neighbors in Makiki~Lower Punchbowl~Tantalus area are well-to-do, making it among the 15 percent highest income neighborhoods in America. In the area 48.3 percent of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 19.8 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations, making up 17.6 percent and 14.3 percent are in manufacturing and laborer occupations.

In the Makiki~Lower Punchbowl~Tantalus area, residents most commonly identify their ethnicity or ancestry as Asian at 30.4 percent.. There are also a number of people of Irish ancestry at 7.5 percent and residents who report Scottish roots come in at 6.9 percent, with some of the residents of German ancestry at 4.9 percent and finally some have Mexican ancestry at 3.8 percent.

The languages spoken by people in the area is diverse, but the most common language spoken is English at 79.5 percent of households. Other important languages spoken here include Korean and Japanese.

MAKIKI~LOWER PUNCHBOWL~ TANTALUS

NEIGHBORHOOD HOMES FOR SALE

HONOLULU HOMES FOR SALE LISTINGS

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HOME OWNERSHIP TOOLS

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HOME OWNERSHIP TOOLS

FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

Here are just a few of the home improvements

you might consider with any Home Renovation loan

Repair or replace a roof

Install, replace or repair gutters and downspouts

Replace, repair or upgrade your HVAC system

Repair or replace plumbing

Install, repair or replace electrical systems

Kitchen remodeling (including the purchase and installation of appliances)

Bathroom remodeling, Full interior painting, Total exterior painting

Repair or replace a septic system and/or well

Disability access (wheelchair ramp, elevator, widen doorways)

Build, repair or replace deck, patio or porch

Basement waterproofing and finishing

Abatement/Stabilization of lead-based paint hazards

Replace old windows, Room additions, Finish an attic

Add a second story to your home

Replace a termite damaged sill plate (a water-damaged sill plate also)

Possible landscaping items such as correction of grading & drainage problems,

tree removal, repair a driveway and sidewalks

FANNIE MAE HOMESTYLE

The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

USDA RURAL DEVELOPMENT

Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision-making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

To print this document click on “Open in New Window” located at the lower right corner;

click on “File”; then click on “Print”. In the center of the screen, you will have the option

to “Create A Printable PDF of the Presentation”.

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