Hawaii is the dream assignment for many military families. Living near the beach and enjoying the beautiful warm ocean is just one of the benefits of living in paradise. Owning a home here can make it that much better.
We've helped many military personnel buy and sell a house here in Hawaii, using the HUGE non taxable housing allowance. Your housing allowance (BAH) gives you a great opportunity to invest in Hawaii Real Estate! You'll be surprised at how much you can afford with your housing allowance in Hawaii.
There are several military bases in Hawaii, which means there are military families everywhere! 10% of the population of Hawaii is military! You will want to find a home that is near enough to your base to allow you to commute.
Navy Bases - Pearl Harbor Naval Complex and Pacific Missile Range Facility
There are more Navy personnel in Hawaii than any other branch of the military. For Naval officers and E5's and higher, buying a house in Hawaii is a wonderful added blessing to being stationed here. For those who love the ocean, what better place could there be than Hawaii? Here's an interesting fact: there are over 9000 civilians that work at Pearl Harbor.
Marine Corp Base - Kaneohe Bay
Kaneohe Bay Marine Corp base is the 2nd largest base on the island, in terms of active duty personnel. You almost forget you're in Hawaii until you see the most beautiful ocean views you've ever seen. There are many homes and condos around Kaneohe Bay that make military living very easy. Kaneohe and Kailua are wonderful places to live, very family friendly, and there are plenty of military personnel everywhere.
Army Bases - Ft Shafter, Schofield Barracks and Tripler Medical Center
For Schofield, you probably want to live in Mililani or the North Shore. The great thing about that is that housing in the Mililani area is very new and cheaper than in Honolulu proper. In fact it's cheaper than most of the island, and in better condition overall.
There are so many medical personnel at Tripler. The main thing you'll notice is that it's a giant pink building that looks like a resort. If you're stationed at Tripler, you can live almost anywhere on the island, because it is near the H1 and H3 freeways
Air Force Bases - Bellows Air Force Station, Hickam AFB & Wheeler Army Field
The Air Force has a very strong presence in Hawaii, with 2 main bases, Hickam and Bellows, and one smaller one Wheeler. Hickam is located very central to Honolulu, right where all the traffic converges. It can be a grueling commute in and out of Hickam if you live too far.
DON'T WASTE MONEY ON RENT!
While homes in Hawaii are some of the most expensive in the country, that also means that buying a house here in Hawaii can help you a great deal when you move to other less expensive areas. We've worked with families who bought a small condo here in Hawaii, and when they were transferred to Texas, they were able to buy a HUGE house for less. The great thing was that their home here in Hawaii had gained so much equity that the house they bought in Texas had almost no mortgage!
Getting assigned to Hawaii is a great opportunity for you. We'll help you every step of the way, showing you which areas are more affordable, which area are safe, and very importantly, which areas your family will like!
Email Us now and We'll help you buy or sell your home in paradise! Or call Peter @ (808) 216-2376 or Patricia @ (808) 216-2374.
VA Loans
If you are in the Military, chances are you are eligible for a VA Loan. Below are some advantages to VA Loans.
No Down Payment on Sale Prices up to $783,750.
Entire Down Payment and Closing Costs may be Paid by the Seller.
No Mortgage Insurance
No Pre-Payment Penalty
Loans are Assumable
Financial Counseling Provided by VA