Buying a Home or Investment Condo on Maui

Buying a Home or Investment Condo on Maui

  • Mick St John
  • 08/16/22

Looking to buy a home or condo on Maui? You've come to the right place! In this blog post, we will provide you with all the information you need to make an informed decision about where to purchase your property. From location to amenities, we will cover everything! So, whether you're a first-time buyer or an experienced investor, read on for some valuable insights into the Maui real estate market.


Why Buy on Maui?

As you may already know, Maui is one of the most popular tourist destinations in the world. Every year, millions of people flock to the island to enjoy its stunning beaches, lush tropical landscape, and warm weather. It's no wonder that Maui is also a highly sought-after place to own property. With the quality of life, low crime rate, and abundance of outdoor activities, Maui is the perfect place to call home. Not only is Maui a great place to live, but it's also a great investment. Property values on the island have been steadily rising for years, and there is no sign of them slowing down anytime soon. So, if you're looking to purchase a property as an investment, Maui is definitely worth considering.


Understanding Your Buying Power

When it comes to buying a home or condo on Maui, it's important to understand your buying power. This simply means understanding how much money you have available to spend on a property, whether that's directly from your bank or whether it's getting a mortgage from the bank. There are a few factors that will affect your buying power, including:


  • Your income

  • Your credit score

  • The current market conditions

  • Your down payment amount

If you're not sure how much you can afford, it's best to consult with a mortgage broker or lender. (I can recommend my go-to Lender). They will be able to help you determine what you're eligible for and find the best financing options available to you. In this case, once you meet with a good lender, you'll want to get Pre-Qualified aka Pre-Approved.


Getting Pre-Approved for a Mortgage Loan

Before you start shopping for your dream home, it's important to get pre-approved for a mortgage loan. This will give you a clear idea of how much you can afford to borrow, and will help to expedite the home-buying process. In order to get pre-approved, you'll need to provide some basic financial information to your lender, including your annual income, current debts, and credit score.

Once this information has been provided, the lender will be able to give you a more accurate estimate of the interest rate and monthly payment that you can expect. Getting pre-approved for a mortgage loan is a vital first step in the home buying process, and can help to make the entire experience more seamless and hassle-free.

Once you know your buying power and now that you're Pre-Approved, it's time to start searching for the perfect dream home. Keep in mind that it's always a good idea to have a few properties in mind, just in case one of them falls through. So, start browsing listings online and get in touch with a local real estate agent to get started. I hope to help you find your dream home or next investment property! Now that we've covered some of the reasons why you should buy on Maui and how you're going to get qualified, let's talk about where you should buy.

The Best Locations for Buying a Home or Condo on Maui When it comes to purchasing property on Maui, location is everything. After all, you want to be sure that you're buying in an area that you love and that will also appreciate in value over time. With that said, here are some of the best locations for buying a home or condo on Maui:


Located on the West Side of Maui, Kaanapali is one of the most popular tourist destinations on the island. Home to world-famous beaches like Kaanapali Beach and Black Rock Beach, as well as numerous hotels, restaurants, and shops, Kaanapali is the perfect place to buy a vacation rental property. Not only will you be able to generate income from renting out your unit, but you'll also have access to all the amenities and activities that Kaanapali has to offer.



If you're looking for a more upscale area to purchase property, Wailea is the place for you. This exclusive community is home to luxury resorts, championship golf courses, and some of the best beaches on Maui. While properties in Wailea are typically more expensive than those in other parts of the island, they are also a wise investment that will likely appreciate in value over time.



For those who want to get away from the hustle and bustle of tourist areas like Kaanapali and Wailea, Makena is the perfect option. This secluded community is located on the South Side of Maui and is known for its pristine beaches, including Big Beach and Little Beach. Makena is also a great place to buy a vacation rental property, as there is high demand for units in this area.


Kula is a rural area located on the slopes of Haleakala on the island of Maui in Hawaii. Kula is known for its dry climate, panoramic views of Maui, and upcountry lifestyle. People choose to live in Kula because they want to enjoy the quiet rural life and panoramic views that the area has to offer. Kula is also known for its moderate climate, which is ideal for those who want to avoid the hot and humid weather found in other parts of Maui. So, if you're looking for a peaceful place to call home, Kula is definitely worth considering.



Haiku is a small town located on the North Shore of Maui. It is known for its lush tropical landscape, quiet rural lifestyle, and upcountry atmosphere. It is where I was born so I am definitely biased. Having a small shopping center, restaurants, gym, martial arts studio, a large park, and an overall charming atmosphere, Haiku is truly a special place. People choose to live in Haiku because they want to enjoy the peace and tranquility that the area has to offer

While there are a lot of different areas to live on Maui, the ones mentioned above are some of my top favorites. The next step from here is to begin the search.


Get in Touch with a Local Maui Realtor

As someone who was born and raised on Maui, I have had the unique opportunity to connect with people from all walks of life. Using my intimate knowledge of the island, experience with luxury real estate, and having lived here my entire life, it allows me to find you the best home for the best prices. When we work together I can break down each area of Maui and explain what it has to offer and why this area would be perfect for you and your family.

Whether you're looking for a secluded beachfront villa, downtown condo, or a jungle oasis I've got you covered. And I will be there to help you through every step of the buying process and long thereafter. So if you're looking for a hassle-free, luxury experience and want to work with the best, then give me a call, and let's get you your dream home.

Once You Find Your Dream Home

Buying a property is a huge investment and one that should not be taken lightly. In order to ensure that you are making the best decision possible, it is important to consult with a qualified real estate agent who understands the market, you need to become Pre-Approved by a lender and as a team begin the process of making offers and then negotiating. An experienced agent will be familiar with the Maui market and can help you find a property that meets your needs and budget (Hopefully you choose me!)


Final Thoughts

The home buying process is an exciting journey that can change your future forever. Ensuring that your finances are in order, choosing a location where you can see yourself living for years, or seeing an investment property that will perform well for the foreseeable future are the first two things that are most important. After this, get Pre-Approved by a reputable lender, work with a real estate agent, make offers on properties, get one into escrow, then finally close on the property and move into your new home or investment property.

Understanding what's needed, having an agent who takes care of everything for you and guides you along the way is so vital and having that agent with you for the journey, will make it a seamless and amazing process. I hope to assist you in finding your dream home or your next investment property and I hope this blog has brought value to your life.


Want to experience the unique Maui, Hawaii lifestyle? Contact Luxury Realtors Mick & Maggie to find residential homes, beach villas & luxury condos for sale on the island of Maui, Hawaii.
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