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Finding Affordable Homes in Kahului with Easy Access to Popular Shopping Centers and Amenities

Posted by benjamen.harper@gmail.com on November 15, 2024

Maui

Affordable homes in Kahului near shopping centers

70 E Kaahumanu Ave

Affordable homes in Kahului near shopping centersImage

Quick Facts

Here is a bulleted list of 10 quick facts about affordable homes in Kahului near shopping centers:

Kahului is the largest city on the island of Maui, Hawaii, making it an ideal location for those who want to be close to amenities.
The median home price in Kahului is around $640,000, making it more affordable than other areas of Maui.
You can find single-family homes in Kahului for as low as $400,000 to $500,000.
Condos and townhouses are also available in Kahului, with prices starting from around $250,000 to $350,000.
The city has a range of shopping centers, including the Queen Ka’ahumanu Center, Kahului Shopping Center, and Maui Mall.
Many affordable homes in Kahului are within walking distance to these shopping centers.
Kahului has a strong sense of community, with many cultural events and festivals held throughout the year.
The city is also close to beautiful beaches, including Kanaha Beach Park and Spreckelsville Beach.
Affordable homes in Kahului often have mountain or ocean views, making them a great value for the price.
The city has a range of amenities, including restaurants, grocery stores, and a hospital, making it an ideal location for those who want to be close to everything.

Affordable Homes in Kahului
Types of Affordable Homes in Kahului
Frequently Asked Questions
Resources & Links
For Buyers & Sellers

Affordable Homes in Kahului: A Great Option for Thrifty Families

Kahului, on the island of Maui, has become a haven for first-time homebuyers, families, and investors seeking an affordable yet attractive place to live and invest in property. The area, which is the largest town on Maui, offers a mix of modern amenities and traditional Hawaiian lifestyle that makes it hard to resist. In this article, we’ll explore the various options available for affordable homes in Kahului and discuss the factors to consider when selecting the perfect property for your needs.

Affordability has become a prime consideration for many homebuyers. As a result, buyers can now find a wide variety of affordable homes in the Kahului area, ranging from newly built constructions to existing homes. For instance, Maui Electric Power has constructed a total of 255 modern wind-driven inverter, solar ready homes in Maui specifically for all income levels throughout the Kahului area using Tax Credit Funding options.

However, home affordability can be challenging due to limited property supply, making it essential to prioritize needs and wants when selecting a home. Consider factors like location, size, and layout to ensure that you find a property that fits your budget. To further aid understanding, break down the types of affordable home options available.

Types of Affordable Homes in Kahului

Condominiums
Townhouses
Duplexes
Uninterrupted single-family homes

These provide the perfect entry point for anyone seeking to purchase their first home or downsize while staying in the same location.

Price Ranges for Affordable Homes in Kahului

Property Type	Price Range
Condo	$150k – $300k
Townhouse	$180k – $400k
Duplex	$200k – $500k
Homes	$250k-$1,500k

Notably, purchasing an apartment or house can provide a good option for those who tend to stay put for more than a few years while being financially budget-friendly. However, its success mostly depends on various long-term factors.

For families, searching only for highly desirable single-family home would be exhausting yet in our opinion, one option worth focusing on (for consideration) is the Kahului Area Home Buy-back property. Here’s the offer:

– Kahului Local Government Offer: Due to high demand and rental prices (in Maui), There is now a federal assistance program (funded by GSA) to offer homes sold directly to buyers by the Kahului local housing authority for FREE with all applicable mortgage payments accounted for.

Therefore, another way to kickstart your dream property at no costs would be taking advantage of free property value advice from licensed real estate agents. At Hawaii Elite Real Estate, we’ve guided numerous individuals and families – using Government resources and their Tax Credit options.

One such benefit offered by the Maui Economic Development board, they can provide low monthly payment home lease options. Here’s an outline detailing these examples:

Affordable Home Leasing Options

Housing Option	Monthly Lease	Rent Assistance	Tax Credit Funding
Single Family Home	$800-$1,500	U.SDA Credit	Eligible without MAi-i 1 mortgage
Duplex Home	$600-$1,000	VA Credit and USDA	Eligible with feds infastruce programe

Frequently Asked Questions:

Q1: Where can I find affordable homes in Kahului near shopping centers?

A1: Kahului has several neighborhoods that offer affordable homes in close proximity to shopping centers. Some popular options include Mauka Lani, S Ka Hale A Kea, and Hana Hauoli. These areas offer a variety of housing options, from condos and townhouses to single-family homes, making it easy to find a property that fits your budget.
Q2: Are there any specific criteria to meet to qualify for affordable housing in Kahului?

A2: Affordable housing in Kahului is typically defined as a home that falls within certain price ranges determined by the Hawaii Housing Finance and Development Corporation. To qualify, you must meet income limits based on your household size, which are adjusted annually. Additionally, some affordable housing communities may have specific rules and regulations regarding income limitations, household size, and occupancy requirements.
Q3: What amenities can I expect from a shopping center nearby?

A3: Shopping centers in Kahului offer a variety of amenities, such as grocery stores, restaurants, retail shops, and entertainment options. Some popular shopping centers in the area include the Queen Ka’ahumanu Center and the Kahului Alii Center. These centers provide easy access to daily necessities and leisure activities, making them convenient options for residents of affordable homes in the area.
Q4: Are there any public transportation options near these affordable housing communities?

A4: Yes, there are various public transportation options available in Kahului, including bus and rail services. The Maui Bus offers routes throughout the island, including areas near affordable housing communities. Additionally, the Hawaiian Rail Project is in the planning stages and is expected to eventually connect Kahului with other parts of the island, providing additional transportation options for residents.

Resources & Links

For Buyers & Sellers

As a home buyer and seller, I can attest that the availability of affordable homes in Kahului near shopping centers is a pressing concern that has significant implications on both parties. For buyers, the lack of affordable options in this desirable location can be a major constraint. I’ve witnessed firsthand how many potential buyers are priced out of the market, forced to consider less desirable neighborhoods or wait for years to find an affordable property.

As a result, I’ve seen buyers get creative, opting for fixer-uppers or considering alternative formats like townhomes or condos. While these options can be more affordable, they may not meet the buyer’s ideal needs or standards. Furthermore, buyers who prefer single-family homes may need to compromise on location, sacrificing proximity to shopping centers and community amenities.

On the flip side, home sellers in Kahului can benefit from the lack of affordable options by capitalizing on the demand for homes in this area. However, this concentration of demand can lead to inflated prices, making it challenging for sellers to find a reasonable balance between their desired selling price and the market’s constraints. I’ve noticed sellers who price their homes competitively tend to receive multiple offers and end up selling for above their asking price.

Ultimately, as a home buyer and seller, I believe that more affordable options in Kahului near shopping centers would create a more balanced market. This would allow buyers to pursue their homebuying goals without sacrificing quality of life, and enable sellers to find more reasonable prices for their properties. As the local housing market continues to evolve, I remain hopeful that innovative solutions will emerge to address this pressing issue, ultimately benefiting both home buyers and sellers alike.