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The following article was published in our article directory on April 20, 2012.
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The Key to Figuring Out the Big Island Real Estate Market

Article Category: Real Estate

Author Name: Carolina Simmons

Buying a house can be an exciting decision for many homeowners. However, if you are looking to buy a house on the big island of Hawaii then there are a few important things to know first when you start doing your research. This is because the big island real estate market is unlike any other marketplace in the country. Due to the unique terrain and lifestyles in Hawaii there are particular things that home hunters looking in this area need to know that they might not need to know about when researching houses in other areas of the united states.

Knowing these few basic special attributes of the big island real estate market might help any homeowner be more successful in their hunt for their perfect big island home. One of the first things that home hunters should look into when they locate an appealing property is if the home they are contemplating is permitted or not. Sad To Say, many houses in the big island real estate market are built without permits. Anyone who is looking at a house which has not been created witha permit should be cautious about purchasing the home.

Yet another thing that property owners will notice about home in the big island real estate market is that there are some properties that are not hooked up to electricity. This could seem strange but it is actually very common so home owners should always ask if the home is on the electrical energy grid or not. Property hunters should also also ask if the property is hooked to the city water system. Houses that are not will require homeowners to catch rainwater in a storage tank on their property. Additionally, there are many homes that are not connected to the city sewer system and must use a cesspool.

Lastly one of the greatest things that those looking to buy property inside the big island real estate market need to be familiar with is the lava zone. There are half a dozen different lava zones in the area with homes in zone1 being likely to see lava and homes in zone6 being not likely to see lava. Homes in zone1 and 2 are at higher risks and come with a higher Apr Interest Rates and will have higher insurance costs. This really is some thing that should be considered prior to buying a home, as many homeowners feel they are getting a great deal until finally they discover a property's lava zone ranking.

Keeping these issues in mind may help anyone figure out the big island real estate market and effectively find the home they've always desired.

Keywords: big island real estate, real estate, Hawaii, big island, Hawaii real estate

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