With home prices faltering nationwide, many are still waiting to see how much lower prices will go before ‘taking the plunge.’ While this may be a good approach for some, the savvy real estate investor knows right now is as good a time as any to take that plunge. You can also visit http://luxury-hi.com/ for buying a house in Hawaii.
Especially when dealing with homes in Maui! While it’s true that real estate prices have taken a nosedive in many parts of the nation, land in Maui has proven to be highly resistant to the economic downturns of the 80’s and 90’s, as well as today.
You may be wondering, what exactly constitutes long-term value? Well, there are quite a few variables that determine LTV with most, if not all, dependent on highly personal preferences. A few examples that come to mind:
– Maui property as a vacation home: If you’re one of the millions that visit the islands every year, why not buy or build a vacation home in Maui for those times when you want to just “get away from it all?”
– An added revenue stream: When you’re not vacationing in Maui, why not share your beautiful Maui vacation home with other individuals keen on experiencing paradise, while recouping some, if not all, of your home’s initial cost!
– Your dream retirement home: When you’re ready to slow down a bit and vacation on a full-time basis, where better than the island of Maui to settle in and enjoy life!