The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 2nd, 2015

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GREATER WAIANAE/MAKAHA HAWAII

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MAKAHA VALLEY HOMES FOR SALE

WAIANAE, HAWAII

BUILDING THE DREAM OF HOME OWNERSHIP

Makaha ValleyMakaha Valley area median real estate price is $202,236, which is less expensive than 99.0 percent  of Hawaii neighborhoods and 42.9 percent of all U.S. neighborhoods.

The average rental price in Makaha Valley is currently $1,258 and rents here are currently lower in price than 76.1 percent of Hawaii neighborhoods. Vacant homes are a major fact of life in Makaha Valley. The current real estate vacancy rate here is 31.6 percent and higher than the rate of vacancies in 94.8 percent of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied at24.1 percent and a major contributor to the vacancy rate. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Makaha Valley is a rural neighborhood located in Waianae, Hawaii and primarily made up of small studio to two bedroom to medium sized three or four bedroom condominium complexes, high-rises and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Makaha Valley neighborhood are established, but not old, having been built between 1970 and 1999, with a number of residences between 1940 and 1969.

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways.

The Makaha Valley neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 91.5 percent of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Furthermore, one of the really unique and interesting things about the look and setting of the Makaha Valley neighborhood is that it is almost entirely dominated by large multi-family complexes and high-rises, with 76.1 percent of the residential real estate here classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.7 percent of all neighborhoods in America.

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Makaha Valley neighborhood is on the ocean with amenities and recreational activities on the waterfront that are attractive to residents and visitors alike.

In the Makaha Valley neighborhood, carpooling is still a popular way to get to and from work and 20.6 percent  of commuters carpool here, which is more than in 95.0 percent of all U.S. neighborhoods.

In the Makaha Valley neighborhood, 46.4 percent of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 22.8 percent of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants at 21.2 percent and 9.6 percent in clerical, assistant and tech support occupations.

The Makaha Valley neighborhood stands out nationally for having a greater proportion of its residents active in the military than 96.1 percent of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Culture is shared/learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Makaha Valley neighborhood in Waianae, Hawaii, residents most commonly identify their ethnicity or ancestry as Puerto Rican at 10.3 percent. There are also a number of people of German ancestry at 8.0 percent, and residents who report Asian roots at 8.0 percent. Some of the residents are also of Mexican ancestry at 6.6 percent, along with some Portuguese ancestry residents percent 5.5 percent, among others.

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Makaha Valley neighborhood is English, spoken by 84.6 percent of households. Other important languages spoken here include Japanese, which is spoken by 3 percent of household, followed by Spanish and German.

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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.

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