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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PALEHUA HOMES FOR SALE

WAIANAE, HAWAII

BUILDING THE DREAM OF HOME OWNERSHIP

PalehuaPalehua area median real estate price is $289,057, which is less expensive than 96.6 percent of Hawaii neighborhoods and 27.2 percent of all U.S. neighborhoods.

The average rental price in Palehua is currently $1,346 and rents here are currently lower in price than 70.8 percent of Hawaii neighborhoods. Home and apartment vacancy rates are 10.8% in Palehua and the rate is lower than 42.6 percent of the neighborhoods in the nation, approximately near the middle range for vacancies

Palehua area is a suburban neighborhood located in Waianae, Hawaii, primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Palehua neighborhood are established,but not old, having been built between 1970 and 1999, with a number of residences were also built between 1940 and 1969.

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. This particular neighborhood in Waianae, the Palehua neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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For many reasons, the Palehua neighborhood of Waianae is an ideal neighborhood 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.

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

Your future neighbors in the Palehua neighborhood in Waianae enjoy middle-class incomes and has a higher income than 56.6 percent of the neighborhoods in America

In the Palehua neighborhood, 32.3 percent of the working population is employed in manufacturing and laborer 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 25.7 percent of the residents employed. Other residents here are employed in executive, management, and professional occupations at 22.0 percent and 19.9 percent in clerical, assistant and tech support occupations.

Each neighborhood has its own culture derived primarily from the ancestries, and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicity and ancestry of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Palehua neighborhood in Waianae, Hawaii, residents most commonly identify their ethnicity or ancestry as Puerto Rican at 9.7 percent. There are also a number of people of Asian ancestry at 3.5 percent and residents who report Spanish roots at 2.1 percent. Some of the residents are also of Italian ancestry at 1.5 percent, along with some German ancestry residents at 1.4 percent, among others.

The most common language spoken in the Palehua neighborhood is English, spoken by 80.5 percent of households.

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PALEHUA HOMES FOR SALE

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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

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