Real estate in Hawaii is a tough sell.
But a recent survey shows how easy it is to get a mortgage.
Housing is a major part of a homeowner’s life, but it can be expensive.
The median value of a single-family home in Hawai’i is $1.9 million, according to the Kauai County Office of Housing.
The average monthly payment for a home in the state is $3,000.
The average cost of renting in Hawaiī is $639, according a 2015 survey by the nonprofit Center for Responsible Lending.
A mortgage is a fixed monthly payment.
A mortgage can be a big burden for a new buyer, especially if he or she can’t get credit to make a down payment.
But the number of new homeowners has been rising.
According to the National Association of Realtors, the number has doubled in the past two years.
The National Association for Home Builders reported that Hawaii is the first state to double the number.
There were nearly 6,000 homes built in 2016.
The next biggest number is in California, which saw nearly 6.2 million homes built last year.
Hawaii has one of the fastest rates of home sales in the country, at more than 60% of all sales, according the National Real Estate Association.
So, how to make the most of your new home?
Here are 10 key questions to help you decide if you should buy.1.
What is the median value for a single family home in your state?2.
How many bedrooms do you have?3.
Are you a single parent with two kids?4.
How much does your mortgage require?5.
How long do you plan to live in your new property?6.
What are your taxes and insurance costs?7.
Is your mortgage insured?8.
Is the property currently on the market?9.
How far are you willing to travel to buy the home?10.
Are there other ways you can get financing for your property?