Aloha!

We have a wonderful assortment of articles, Big Island Calendar of Events, resources, tips and industry updates for you this month and we hope you enjoy. Some of these include:

Kelly's blog continues to receiving many accolades!  This month Kelly begins an ongoing series on "Living Off the Grid"  So, don't miss out ... sign-up to receive regular updates throughout the month from Kelly's blog.  If you're not very familiar with signing-up for blogs, we've made it super easy. Just click the email sign-up link in the right area, enter your email address, and you'll receive each blog entry in your email box. You can unsubscribe at any time. Of course, the traditional feeds are also available.

If you are having any difficulty reading the newsletter below, you may view the current (and past) newsletter here:
http://www.hilobrokersnews.com 

In addition to the featured articles, don't forget to dig a little deeper for additional articles located in the "Daily News & Advice" area, as well as the "More Articles" section.

Mahalo,
Kelly & the Hilo Brokers, Ltd. Team


 
Your Big Island REALTOR®:
 

Kelly H. Moran
 

September 2009 - Hilo Brokers, Ltd.

Real

Quality Big Island Real Estate Service & Experience
for Over 20 Years!

 

Some Articles Copyright © 2009 Realty Times
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Hilo Brokers, Ltd.
400 Hualani St., Bldg 21
Hilo, Hawaii, 96720

Office: 808-969-9400

Direct: 808-938-5757
 


 

 
 


Could You Live Off the Grid?

- By Kelly H. Moran

     Notice, please, the question is "Could you . . . ?" You certainly can live where none or only some of the Big Island's commercial services - water, electricity, telephone, television, internet - are piped into your home for a monthly fee.

And you don't have to rough-it to live off-the-grid. You can enjoy a thoroughly up-to-date lifestyle, with all the accoutrements of a modern home, without being a customer of any commercial utility. In this and the next few blogs, I'll tell you about the challenges and the strategies of acquiring for yourself the necessities of life here on the Big Island.

Water comes first, of course. Hawaii County has an extensive water system of wells, pumps, pipelines and meters, with high quality and modest rates. But where 40 or more inches of rain fall every year, you can reliably collect your own water from the gutters on your roof. Rain is (shall we say) especially abundant in Hilo and Puna; so even in neighborhoods, there, where County water is easily available, some homeowners choose to use catchment tanks.


This house, though only seven miles from downtown Hilo, is entirely off the grid. The water tank – a metal frame lined with plastic – is in the foreground. The roof also has photovoltaic panels for generating electricity.

A so-called “family of four” should have at least a 10,000 gallon tank, which is generally a cylinder about twelve feet in diameter and eight feet high. Although some old redwood tanks are still in use, and are aesthetically quite pleasing, they are rarely if ever built nowadays. More common – and actually better, because they do not decompose – are tanks made of sheet metal and lined with tough plastic liners (very much like above-ground swimming pools), or tanks made of ferro-concrete (in which cement, sprayed onto a metal “rebar” frame, hardens into concrete). The latter is more expensive but will last much longer. Also, since rainwater is naturally slightly acidic, contact with the slightly alkaline concrete tends to neutralize the “ph” of stored water.

Once you have water in the tank, you still have to pipe it into the house. You’ll want some kind of filtration, because dirt and dust, or fragments of leaves, always wash down from the gutters; and though they generally settle to the bottom of the tank, little bits of stuff do sometimes get into the house’s supply line. But particulates like that are easily intercepted with simple filters which, like their smaller under-the-sink cousins, are typically replaced once or twice a year. Getting that supply to flow inside the house’s plumbing, however, requires ...

CONTINUED >>>

 
 

Mortgage Rates
U.S. averages as of August 27, 2009:

30 yr. fixed:   5.14%
15 yr. fixed:   4.58%
1 yr. adj:        4.69%


View current rates


 

 

Featured Listing

Honolli By The Sea

A Spacious streamfront villa where old-world craftsmanship meets incomparable tropical location. Unlike any other private home on the island, this is a private resort. Stream with waterfalls, waterslides, swimming pool, and a regulation basketball half court are a few of the recreational features of this home. Built on 3 levels, with 7 bedrooms, 8.5 baths and 3 kitchens, this home has over 5000 square feet of luxurious interior space.

For a virtual tour and more information:
Click Here



Back in the Saddle Again
- By Kelly H. Moran
Part 1 of 2

As the crow flies (or as it would fly, if we had crows here, which we don’t), Hilo is about 80 miles from Kailua-Kona.  So you’d think, on an island this big, somebody would build a road from east to west along the shortest possible route.  And indeed, somebody did; but it’s never been a shortcut.

In 1942, the U.S. Army needed a lot of space to practice target-shooting – somewhere with no population – and they picked the relatively barren lava fields of Pohakuloa, in the saddle-shaped valley between Mauna Kea and Mauna Loa.  To get their troops and tanks and canons in and out, they hastily built a road westward from Hilo, up to their training grounds; and continuing on, through the Parker Ranch, terminating at the “old” Mamalahoa Highway (now called Rte. 190), the mauka road connecting Waimea with Kona.


Several warning signs are posted at the point where pavement stops and the road narrows.

The Army “brass” took no chances – after the attack on Pearl Harbor ...

 CONTINUED >>>



Real Estate Investment 101

 It could be a good time to invest in real estate, given the abundance of foreclosures and other distressed properties with reduced prices.

It could also be a bad time to invest in real estate, if you don't know what you are doing.

There's the rub.

It's a good time to invest, but it is difficult. Now when you go out to invest you are competing with a dozen offers. The investors are back.

Just like buying a home to live in, taking the real estate investment plunge requires taking stock of your financial goals, planning and lifestyle before taking the plunge. Pretty much like buying any property. If you've got the time, the money and the lifestyle that lends itself to managing a real estate investment, you are just about half way there.

However, both halves are pretty big halves.

The National Real Estate Investors Association says you've still got a lot of work to do. Here's how much.

Buy your own home first.
The general rule of thumb is that buying your own home will not only put a roof over your head, but also background you in the full experience of buying and owning property -- financials, market conditions, maintenance and real estate professionals you'll need along the way.

What's more, your first home could later become your first investment property, a property in a market with which you are familiar.

Go Back to School
Turn to the Internet, reputable books, successful investment groups, college and university level courses, even your state's real estate license program. You don't have to actually get a license, but you can become just as educated as a licensed agent. Individual real estate investors, salespeople and others who you've met on the way to investing are also valuable educational resources.

Get Professional Help
The same way you find any competent, trustworthy and honest professional is the same way to look for a mentor, investment partner with prior knowledge or investment group. Seek referrals from friends, family, professionals with whom you already conduct business, co-workers and others you trust who've had a satisfactory, successful real estate investing experience.

Learn Your Investment Market
One market's bubble could be one investor's boom and another investor's bust. A home in one market could give you vacation rental income in a half year sufficient to cover the cost of principal, interest, taxes, insurance, home owner association dues, upkeep and other costs, but still not appreciate. Another home in another market may not bring you sufficient rent in a year's time to cover the cost of owning the property, but might appreciate more than enough to make up for your carrying costs over the long term.

The variables are endless and you'll need to measure your capacity for risk against market conditions.

Exit Strategy
Finally, while some experts say you'll also need to develop an exit strategy in terms of unloading properties when they are no longer viable investments, if you buy right and stick it out over the long haul you won't need an exit strategy.

 


 

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Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
 


 

Market Snapshots Are Here

 


 

More Articles


 
August Round Up: Rates Still Near Record Lows
 

 
New Disclosures Help Mortgage Consumers Know Risk
 

 
Making Small Homes Have Big Appeal To Buyers
 

 
Federal Reserve's Five Tips For Shopping For a Mortgage
 


Major Campaign To Extend $8000 Home Buyer Tax Credit Underway

  T he house and Senate may have left Capitol Hill for their Summer break, but housing lobbyists are busy at work gearing up a major campaign to extend the $8,000 home buyer tax credit.

The credit for first-time purchasers is scheduled to expire November 30.

The National Association of Home Builders and the National Association of Realtors want to persuade Congress to nail down an extension of the credit, and maybe even broaden its coverage, as soon as possible.

The home builders are mounting an aggressive campaign during the congressional recess. The association is sending out local teams of members to meet with congressmen and senators in their home districts, urging not only a one year extension of the credit, but an expansion of the concept to cover all home buyers next year, not just first-timers.

Though the endorsement may, or may not, have been connected with the home builders' campaign, one of the most politically powerful Democrats has already signaled that he favors a one year extension.

Senate Majority Leader Harry Reid of Nevada, said he thinks “it's something we can get done.” According to a report in the Las Vegas Sun, Reid made the comment during a conference call with Nevada reporters.

Meanwhile, the influential chairman of the Senate banking committee, Connecticut Democrat Chris Dodd, has teamed up with Georgia Republican Senator Johnny Isakson to sponsor a bill that would extend the credit for another year and expand it to a $15,000 maximum ...

CONTINUED >>>

 


Upcoming Island Calendar of Events

NA PA'I KI'I, PHOTOGRAPHS OF THE KINGDOM OF HAWAII, 1883-1905
Bertram Gabriel Bellinghausen's enduring and exceptionally captivating ethnographic record of an era at a time in Hawaii when Western and Hawaiian cultures were merging is on display through October 30th, 2009 from 10am-4:30pm, at Hilo's Lyman Museum. The exhibit, Na Pa`i Ki`i, Photographs of the Kingdom of Hawaii, 1883 to 1905, is curated by emeritus English professor, Dr. Albert Lum, and sponsored by Chaminade University and the Office of Hawaiian Affairs. Lyman Museum and Mission House are open Monday through Saturday.

For more information see: www.lymanmuseum.org or contact Vicky (PR Director), vicky@current-events.com,  808-935-5021.
 

SEVEN WONDERS
Date: Through 12/31/09
Place: Hilo’s high-tech Imiloa Astronomy Center planetarium

Return to the past to visit the Seven Wonders of the ancient world on Earth and then journey into space to learn about seven wonders of the cosmos in this all new show digital show at Hilo’s high-tech Imiloa Astronomy Center planetarium. Great for kids and families. Shows at 1 and 3 p.m. Tuesday through Sunday. Fee. For more information call (808) 969-9700 or visit www.imiloahawaii.org

HAWAIIANA LIVE
Date: Wednesdays, September 2nd - 30th
Time: 11am
Place: Palace Theater in Hilo

A unique 45-minute cultural tourism program onstage. Experience Hawaiian history, traditions and culture through storytelling, film, music, oli and hula. Topics change weekly as the program revolves around the Hawaiian lunar calendar. Newly restored pipe organ featured. Palace Theater in Hilo. Wednesdays at 11 a.m. $5, children free. Call (808) 934-7010 or visit www.hilopalace.com

NEW WORLDS
Date: Thursdays, September 10th - October 8th
Time: 7:30pm
Place: Imiloa Planitarium in Hilo

In this special Thursday evening program, you’ll wear 3-D glasses for a journey to other star systems to check out “exoplanets,” the hot topic in astronomy today and which, say astronomers, have the potential for harboring life. Entertaining and educational for kids and adults. 7:30 p.m. Thursdays. Imiloa Planetarium in Hilo. (808) 967-9700 or visit www.imiloahawaii.org.

 



Kelly H. Moran
CCIM, CIPS, REALTOR
®
E-mail: Kelly@Hilo-Brokers.com
Web: www.KellyMoran.com or
         www.Hilo-Brokers.com
Office: 808-969-9400 x11
Toll Free: 800-769-4456 x11
Mobile: 808-938-5757
Fax: 808-969-7900

 
Hilo Brokers, Ltd.
808-969-9400
400 Hualani St.
Bldg 21
Hilo, Hawaii, 96720

 


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