subject: Hilo Real Estate [print this page] There may be some basic assumptions that Hilo real estate in Hawaii is lavish. Of course, if you would take into account location and view, you wouldn't actually get the same square piece of land in some other areas of the US. Good thing is -especially if you know where to look - homes in Hawaii are not actually that outlandish.
For instance, it's not unusual to find a fairly decent home at a price lower than $200,000 when you are looking for real estate in Hilo. The normal size of homes within that price range is below 1000 square feet but many of them actually require some work. But for many people, homes don't necessarily need to have large square footage because in a tropical climate, people generally spend most of their time outside. In fact, in Hilo, there are lots of these smaller properties, which indicate that indoor space is not a huge commodity for the locals.
Of course, if you want or need more square footage, it is available, for generally the same rate per square foot throughout the Hilo real estate market. It is then a rule of thumb in Hilo to double the price of the property if you want double the square footage of the real estate. Hilo, just like any other part ofHawaii, is rich with sprawling homes that provide spectacular views - of course, costing you millions of dollars. The great news is, there's no need to spend tons of money just to benefit from a decent view. In fact, there are places in California where you would spend more money for less house and get nothing sort of a view at all for the price.
There are, of course, exceptions to the rule. For as low as $150,000, you can own a large property. And on the other side, there are numerous properties whose main selling point is the view itself. If you like, you can spend over $1 million for a 1 bedroom cottage set on 6 acres of paradise.
The point is that Hilo real estate isn't as expensive as you might think. While Hawaii is truly a hot tourist spot, it aims to provide ordinary people with decent homes too. Decent property is available in beautiful Hawaii, for decent fees.
