The Price of Paradise

We have a saying in the islands called "the price of paradise". This can mean different things to different people. Basically you should be prepared for some trade offs when living in Hawaii. Some of these trade offs are often referred to as the price of paradise.

If you have lived your whole life in Hawaii like me, or even resided in our islands for a good length of time, there is a tendency to take things for granted. It seems that the rational becomes "that's how it is!". (A symptom of "Polynesian paralysis") However, if you are new to the islands you quickly realize that island life can be quite different than what you might expect.

Since we live in the middle of the Pacific Ocean, we are reliant on the importation of most of the goods that we have become accustomed to enjoying in our daily lives. You will need to get used to the fact that merchandise will cost you more in Hawaii! Bulky items like building materials used in home construction are expensive to import. Labor costs to build are relatively high and the average construction cost can range about $100 a square foot or more, for modest new construction. So remember, except for labor, almost everything is "imported".

The fact that we are located at such a great distance from the continental United States, limits us to some degree and consequently adds to the cost and expense of daily living.

In the past, we have had a more limited selection then what you might be used to. However, over the last decade we have seen the introduction of some big name stores such as KMart, Costco, Home Depot, Lowe's, Wal Mart, and Macy's to name a few, but even with the "big names" we still see some limited selections on certain items.

Our houses tend to be smaller because we spend a lot of time out-of-doors enjoying our tropical climate, so you really don't need a big house. We just don't spend that much time indoors. Many a winter days are spent at the beach when we can enjoy the large North swells. Our seasonal changes are modest at best. High land prices, expensive construction cost, and favorable weather all contribute to the fact that we are used to living in smaller spaces.

Land prices are higher that most people are used to. After all, we live on an island and there is only so much usable land. The engine that runs the real estate market is fueled by supply and demand. With limited supply and a constant demand, our prices can seem pretty high. But it's all relative and depending on where you are coming from, our property prices may not seem that bad. I always ask new clients where they are from so I have an idea what their price expectations might be. Heck, if a guy in is coming from the Midwest, the price for a modest single family dwelling could be more than the family farm back home! You know what? That's part of the price of paradise! However, if the client is from Northern California, boy have we got some deals for you.

Another thing I want to mention is that things move at a slower pace in Hawaii and even slower on Maui. That is part of the overall appeal to island life so you need to be prepared to slow down. People tend to move at a more casual pace. Don't expect things to get done quickly. Allow enough driving time and enjoy the natural beauty our islands have to offer. After all, we live in one of the most beautiful places on earth, so slow down, enjoy the colors, take in the scenery!

In conclusion, expensive land, labor, and shipping are all contributing influences which contribute to the phrase "the price of paradise" but I can think of no better place I'd rather live than right here on Maui! The "price of paradise" is a modest concession for the lifestyle we've come to appreciate. Come join us!

Bruce R. Faulkner (PB)
Maui HI Realty
P.O. Box 54

Makawao, Maui, Hawaii 96768
Office: (808) 575-5300
Fax: (808) 575-5300
Cell: (808) 280-4445
Home: (808) 572-7926
Email: info@MauiHIRealty.com
 
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