Should You Rent Before Moving to the Big Island of Hawaii?
Thinking about making the Big Island your new home? Before committing to a purchase, many people find that renting in Hawaii first helps them understand the lifestyle and avoid buyer’s remorse. Living on an island is different from vacationing here, and renting gives you time to explore the real estate market, try different microclimates, and experience the local vibe. In this blog, I’ll explain why renting before buying in Hawaii is a smart move, and how it can save you from costly mistakes.
Why Some Sellers Regret Leaving the Big Island
Many sellers who move to the mainland often experience seller’s remorse. I’ve seen it happen time and again—clients leave Hawaii for another state, hoping for a better lifestyle or a fresh start, only to miss island life within a year or two.
The problem is that Hawaii real estate has appreciated consistently over the last 30 years. When sellers try to return to the Big Island, they are often shocked by how much prices have increased. The house they sold for $900,000 might now be valued at $1.3 million, and they realize they can’t afford to get back into the market.
So, if you’re selling a home here to move to the mainland, I suggest renting there first to be absolutely certain. That flexibility could save you from losing your foothold in the Big Island real estate market.
Why Rent Before Buying on the Big Island?
The idea of renting on the Big Island before committing to buying is about experiencing the lifestyle first-hand. Here’s why I recommend it:
- Understand the Traffic and Community Patterns:
Living here is different from vacationing. You’ll learn where the grocery stores are, which beaches you’ll visit most often, and how traffic flows around town. - Explore Different Microclimates:
The Big Island has cooler areas like Waimea and sunny spots like Kailua-Kona. Renting gives you a feel for what climate suits your lifestyle best. - Try the Local Lifestyle:
Staying in a residential area—rather than a touristy one—will help you assimilate with the local community. This way, you can decide whether this lifestyle aligns with your long-term goals.
Migration Trends in Hawaii: Who’s Coming and Going?
Many new residents to Hawaii come from California, followed by Texas and Washington. Interestingly, a lot of people who leave Hawaii return to California, Texas, or Colorado. Here’s a quick look at the latest migration patterns:
- California: #1 source of new residents and the most common place people move to from Hawaii.
- Texas: Second most popular state for both incoming and outgoing residents.
- Washington and Colorado: Popular for people seeking a mix of urban and outdoor lifestyles.
Common Reasons People Move Away from Hawaii
- Health and Family:
Older residents often move closer to family or mainland hospitals for specialized care. - Job Opportunities:
Some people leave because of better career prospects on the mainland. - Neighborhood Preferences:
Others move because they realize they want sunnier weather or a location closer to the beach. - Lifestyle Mismatch:
Occasionally, people experience island fever or find the pace of life too slow.
Why Renting Helps You Avoid Buyer’s Remorse
If you rent first, you can figure out things like:
- How much daily expenses will actually cost:
- Gas, groceries, electricity, and home services add up quickly.
- Understanding these costs firsthand will help you budget effectively.
- Which neighborhoods suit your lifestyle best:
- Some areas may fit your vibe more than others, especially if you want to live close to friends, beaches, or recreational spots.
Top Benefits of Renting First:
- Get familiar with the local traffic and amenities
- Explore different microclimates before committing
- Build relationships with local vendors and contractors
- Avoid the stress of buying a home too soon
Insider Tip: Island Hopping to Find Your Ideal Spot
When my husband and I decided to move to Hawaii, we island-hopped to explore neighborhoods and homes. It gave us a feel for local communities and helped us understand where the best beaches, gyms, and grocery stores were.
This strategy also allows you to assess traffic patterns and meet local vendors, which will be helpful if you need home repairs or renovations later.
Building Connections While Renting
If you rent for a while, you’ll have time to build relationships with local contractors and vendors. This can give you an edge when purchasing a home, especially if you find a property that needs a little work but fits your budget.
With real estate prices appreciating quickly—condos increased by $90,000 and homes by $150,000 in just one year—this strategy could help you make smarter investments.
Avoid Hawaii Seller’s Remorse
If you’re thinking of leaving Hawaii, I always recommend putting a tenant in your home instead of selling—at least until you’re sure you don’t want to return. Renting out your property keeps your options open and allows you to explore new destinations without losing your place in the market here.
FAQs:
- Should I rent before buying on the Big Island?
Yes, renting before buying allows you to experience the local lifestyle, explore different neighborhoods, and avoid making hasty decisions.
- How much does it cost to rent a home in Hawaii?
Rental prices vary depending on location and size, but expect to pay around $2,500–$4,000 per month for a two-bedroom home in Kailua-Kona.
- How do I avoid buyer’s remorse when moving from Hawaii?
Consider renting out your property instead of selling, so you have the option to return without losing your place in the market.
Final Thoughts on Renting vs. Buying
Renting before you buy on the Big Island gives you the flexibility to make informed decisions. You’ll understand the lifestyle, neighborhoods, and real estate trends better.
If you’re unsure about selling your home here to move to the mainland, renting can also give you peace of mind and prevent costly mistakes.
If you’re interested in relocating to the Big Island and want to chat about your goals—whether it’s for a second home, investment property, or a permanent move—let’s set up a no-pressure meeting. I’d be happy to recommend neighborhoods and help you create a plan that fits your lifestyle.
Aloha, and I hope this information was helpful! Don’t forget to subscribe to my channel for more updates about life on the Big Island, real estate tips, and market trends.
Planning a move to the Big Island? Let’s chat about your options! Whether you’re renting or buying, I’ll help you create a strategy that fits your lifestyle. Contact me today to explore the latest rental opportunities and real estate listings.