While you may want to start your research of your home value with online, automated comparative market analysis (CMA) reports before listing your home; a customized assessment is best for achieving the best price point by taking every unique element of the property into consideration. Programmed formulas cannot accurately calculate details such as location, views, interior design, custom details, and landscaping.
A Custom Approach
As well as taking the property’s CMA into account, my approach is to spend time at the property, compare recent sales and active listings in the area, and determine specific key features that add substantial value to the property.
Lifestyle and Amenities
In Hawaii, with our ideal year-round weather, spacious outdoor living and entertaining spaces (including kitchens, outdoor shower gardens, and poolside pavilions) are much in demand, leading to higher home price tags. Mature tropical landscaping, water features, lava rock walls, and custom gated entrances all contribute to calculating a fair price for your home. Size, of course, also matters as after all, more really does equate to more when it comes to real estate.
As in all real estate markets, location is a huge consideration when estimating home value. In Hawaii, some factors to consider are:
- Is the property oceanfront or perfectly perched hillside with forever views?
- Is it located in a private club or resort community?
- Is it blissfully remote or conveniently located to local attractions and community services?
The answers have a big impact on the appropriate asking price.
Are you curious about what price you may get for your Hawaii home or property? Our Hawaii Life website (hawaiilife.com) has a fantastic tool that puts you in touch with an experienced agent to determine an accurate value for your home, a number that no automated tool can come up with.
For information on Hawaii Island real estate offerings or a personalized assessment of your home’s value, please contact Carrie Nicholson, R(B), BIC, Director of HL1-Big Island, (808) 896-9749 or firstname.lastname@example.org.