Moving to Maui Series Pt. 3: Deciding Between Buying a Home or Condo on the Island

It’s quite common for people to be torn between buying a house or a condominium in West Maui. While Lahaina has wonderful old neighborhoods, areas like Kaanapali have some of the most beautiful condo complexes in the world.

As the two types of homes are quite different, either choice can serve you well, depending on the lifestyle you want to have. Here are some factors to consider when choosing between a house or condo in Maui:

Maintenance:

Moving to Maui Series Pt. 3: Deciding Between Buying a Home or Condo on the Island - Lahaina Real Estate, Maui Condos, Homes & Houses for Sale from Maui MLSIf you purchase a condo, you’ll be responsible for joining the Association of Apartment Owners that runs and maintains your complex. This can be a positive or negative aspect, since joining means you’ll have a say in how your complex is managed, but that you’ll also be responsible for contributing to maintenance fees. When looking at condos, just make sure to ask your realtor at Maui Showcase Properties how much you might expect to pay if the deal were to go through — sometimes the amount is reasonable, and sometimes it isn’t.

When you purchase a home, you’re in charge of your property’s upkeep and must be willing to do some weekend yard work and make any necessary exterior repairs, in exchange for the ability to modify your house’s appearance as you please (within the confines of any rules dictated by your Home Owner’s Association).

Space:

Moving to Maui Series Pt. 3: Deciding Between Buying a Home or Condo on the Island - Lahaina Real Estate, Maui Condos, Homes & Houses for Sale from Maui MLSFor the most part, condos are much smaller than houses, so size may dictate whether you need one over the other. One of the great things about living in such a fun place as Maui is that your friends and family from the mainland will most likely want to come visit you, instead of asking you to travel back to them. If you’re expecting to accommodate a number of guests, you’ll want to think about whether you’re fine with visitors staying in your condo living room, or if you’d like to have a guest bedroom set up for them in a home.

Along the same lines, if you have a family or are planning on having one, a condo might not be big enough for everyone to be comfortable. If it’s just you or you and a partner, however, a condo might be exactly the right fit.

Location and Price:

Moving to Maui Series Pt. 3: Deciding Between Buying a Home or Condo on the Island - Lahaina Real Estate, Maui Condos, Homes & Houses for Sale from Maui MLSDo you picture living close to the beach? A condo with direct beach access can cost as much as a house farther away. So, if it means more to you to live closer to the beach than to have a larger living space, you might choose a condo over a house. Or, you can do what many residents do — hop on your bicycle and ride to the beach. A home a bit inland will not only cost less, but visits to the shore by bike mean no parking hassles.

There are so many pros and cons for moving into both condos and houses. Your realtor can show you a number of options, including some that have the option of rent-to-buy. If you’re undecided, consider a short- or long-term rental to get the feel of either accommodation. Once you’re living in Maui you’ll get the lay of the land, see how well you fit into your environment, and discover the kind of lifestyle you’ve dreamed of.