What you must know when you buy a home in Hawaii, part 2: The difference between fee simple & leasehold 🏠

You might be able to buy a fee simple condo for $500,000, and that same condo in leasehold might be less than half the price.

With leasehold property, you have to pay monthly lease rent, which has step-ups that increase over time. At the end of the lease term, you have to turn the improvements back over to the landowner. Therefore, your leasehold condo or house decreases in value as you get closer to the end of the lease term.

Let me know in the comments if you have any questions about Hawaii real estate 🤙🏼

➡️ BHGRE Advantage Realty (RB-17242)
📧 MyronK@BetterHawaii.com
📱 (808) 864-9000
💻 MyronKiriu.com

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