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One Archer Lane #1903
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Keola La'i #1609
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Keola Lai #2607
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In the News
Unrestricted Residences Available NOW at Victoria Place
Unrestricted Residences Available NOW at Victoria Place, the new luxury waterfront condo in Ward Village, Kaka’ako.
The Residences at Mandarin Oriental, Honolulu to Open Residence Gallery
The Residences at Mandarin Oriental, Honolulu announces the completion of its Residence Gallery, opening Sunday, December 22nd.
Meet Tracy Yamato (RA)
Customer Reviews, Past Sales & More
Property Management companies hired by developers have historically under estimated maintenance fees (HOA fees) to run a new building in the "condo docs," before the initial sales launch.
The issue is maintenance fees need to be revisited multiple times from then to completion of the building 2 1/2 ro 3 1/2 years later...if anything, just due to inflation.
When Buyers ask me will the Maintenance Fees increase, I always say YES...it just depends on how much...Especially if there are no increases during construction.
For existing buildings, a 3-5% increase every year is Normal/Expected, assuming they are already in a financially sound condition...If they are not, or don't have reserves for major infrastructure projects, assessments via association loans are the norm.
For EXPERT Experienced real estate advice when purchasing or selling condos, or any other property, contact me at: 808-372-2274 or Tracy@HawaiiLiving.com
www.hawaiiliving.com/about/tracy-yamato/
Kakaako tower facing extraordinary maintenance fee hike
www.staradvertiser.com
Living in Kakaako was supposed to be pretty affordable for several hundred moderate-income Hawaii residents who bought into a condominium tower via lottery last year at Ward Village.18 hours ago
