Sell for 2% or $2,500 * Up to 50% Buyer's Rebate
OahuRE.com is making the recommendations based on positive experiences our clients have had with the service providers. We in no way warranty or guarantee your experience will be satisfactory and cannot be held responsible for the outcome of these service providers' work. We suggest you call the service provider to determine if they are suitable for your needs.
Pacific Dynamics Remodeling
1039 Kupau Street
Kailua, HI 96734
$350 for an inspection and write up on the issues.
Applied Geosciences LLC Soil Inspector
Diamond Head Home Inspections
Grey Owl Home Inspections
Dean Shishido (808) 222-3771
Plumbing, Electric, and Solar
W Contracting Inc.
Pada & Sons Pool Cleaning Service
Cesspool and Septic Pumping and Inspection
Pacific Pumping & Septic Service
Applied Geosciences LLC
Concrete & Wood Repair
Epoxy Restoration LLC
Don Fernandez - 808-230-8673
Mr. Tinker - Michel J. Wolf
808-230-2037 - please let him know you found him on OahuRE.com
Yard Work / Tree Trimming
Allegiance Yard and Tree Service
808-216-4503 - Billy Balonzo - Free Estimates
Golden Termite and Pest Control, LLC
35 years experience, a full service company.
Pest Tech Hawaii
Our company was founded and built on the boulders of experience. From the day we opened our doors we had over 130 years of pest and termite experience, between 9 founding member's. We are a locally owned and locally ROOTED company, with the founding members growing up in our unique Hawaii market, allowing us to understand first hand the needs of our clients.
Jamie Neely, Entomologist
SINCE 1973 MORE THAN 25,000 TERMITE INSPECTIONS
Condos $275, Townhouse $300-$350 for a large one. Single Family $400 and if they have a low or difficult crawlspace under it $25 more. If there is more than 1 house on the property there may be additional fees. All prices plus tax.
For Tenting and Pest Control we recommend Xtermco Inc. at 591-2922
Mortgage Associates of Hawaii
"Ninety-seven percent of her clients are referrals – a compliment within itself!"
Certified Public Accountant
Jack Wolfe Insurance, Sean Brady
State Farm Insurance
Larry Welsch, Agent, CLU
Krijnen Lawson + Associates
Michael Krijnen: 808-492-2224
John Lawson: 808-778-0513
Architectural Services Owner-Builder permits obtained for non-permitted additions
CPR - Jeff Grad - 521-4757 - www.gradlaw.com
CPR - Nancy Grekin - 778-7590
CPR - May Hung - 623-5336
Cost to CPR Property from $8,000 to $15,000
Land Planning - Plan Pacific - John Whalen - 521-9418
Civil Engineering - Engineering Dynamics, Ty Miyabuchi - 523-6930
Subdivide - Surveyor - Jamie Alimboyoguen - 672-8589
About a CPR
This means the property is a condo and will have some condo documents.
CPR homes can still be single family detached homes. It does not mean the home is connected to another home, although it could also be connected.
Many times there is some land shared between the properties such as a shared driveway or other common area, but again not always.
CPR properties typically sell for less than a comparable that is not CPR so they do represent an attractive way to get a nice house for less if you are OK with the Condo / CPR concept.
Be aware that some buyers do not like the concept and therefore the resale demand might be less than if it was not a CPR.
Thinking about creating a CPR? Then read on.
What is a CPR?
Condominiums are a different type of ownership created in the 1960s of real property unlike subdivisions, which have been in existence for centuries. Hawaii is a leader in the development of condominium laws and has been used as a model by other states. The Condominium Property Regime (CPR) was known as the Horizontal Property Regime (HPR) in the early 1960s. Condominiums projects were high-rise buildings or town houses or apartment buildings that were converted to condos and sold to individual buyers. Within the last 15 years, single-family homes on one lot were condominiumized because the property could not be subdivided or the owner chose to do a condo project rather than subdivide.
What makes a condominium form of ownership different from all others forms of ownership in real property? A condo project is a special form of ownership of real property. To create a condo project in Hawaii, the requirements of the Condominium Property Act, Chapter 514A, Hawaii Revised Statutes (HRS) must be complied with. The condo project must also comply with all of the county requirements for zoning and building code.
The Real Estate Commission (REC) does not create the condominiums. A condominium project is created by recording the master deed or lease, declaration of the condo project, by-laws of the project and the condo maps at the Bureau of Conveyances or at Land Court. The role of the REC is to make sure that all of the condo documents have complied with the law and all pertinent disclosures have been made for the consumer's protection. The law states that you cannot sell the condo units to the public unless you have a public report. The CPR documents can create the condominium and be recognized by the government as a condo project but in order to sell the units to the public, a public report has to be issued by the REC.
A landowner may choose to do a condo project because although he has enough land to build the number of units, the lot configuration may not be conducive or preclude a subdivision from being approved. The lot may be too narrow, or the access to the lot may be a flag driveway, or the lot may be too steep and the grade is unacceptable for a subdivision. The owner may have a lot large enough to subdivide and has the required frontage but he may want to convey title to a smaller land area than the minimum lot size for a subdivision. There is no minimum land area required for a condo unit whereas the minimum lot size for a subdivision could be 5,000, 7,500, 10,000 or 20,000 square feet.
A landowner is strongly urged to condominiumize if a second house is built on the lot and a child has borrowed money to build the second house and the mortgage is on the whole property. The parents may be jeopardizing their financial security if the child defaults on the mortgage and the bank is forced to foreclose on the property. The parents will need to satisfy the bank loan or they may have a new partner on the lot under a Tenants in Common ownership and the new partner can force the sale of the property. If the child goes bankrupt the creditors could attach a lien on the property. If the child gets a divorce, the in-law could ask to be paid off his or her share of the equity. Many problems arise when the property is held in joint ownership. It is highly recommended that landowners condo the property to protect it against lawsuits, divorce and non-payment of mortgage notes.
How long does it take to subdivide one lot into two? Does the streamlined building permit process affect other applications at the DPP? If all goes well, a subdivision could be approved in 2 to 3 months but realistically, the whole process could take 4 to 5 months or longer. The key is to have a good professional that knows what he is doing and follows up with all of the agencies reviewing the subdivision plans. The streamlined building permit process is limited to duplex and single-family homes only.
In a subdivision, there is a tentative approval and a final approval and the time it takes between the two approvals is dependent on the difficulty of the project, accuracy of the plans, the proficiency of the surveyor and engineer, the number of projects being submitted, vacation time of the reviewers, and many other factors. A tentative approval could be received as quickly as 30 days if there are no hitches. Final approval will not be given until construction plans are approved, each agency signs off on the plans (about 12 agencies are involved including the utility companies), DPP signs off on the plans, bonding approval if the site work is not finished and the file plan is given to the state surveyor for his review. You can sell the land with a final map being approved but cannot convey title without a recorded map.
In a simple 2 lot subdivision, the surveyor is the key person that will route the plans through the DPP. In a larger project, a consulting engineer or civil engineer will be the key person(s) to design the improvements, sewer lines, utilities, lot layouts, check for sewer and water availability, do preliminary consultations with the various city and state agencies, etc.
DPP has a lot of printed materials on the subdivision process and the guidelines are well defined. There is a subdivision guideline summary booklet that is available. Clusters and PDHs are more subjective and the final decision lies with the DPP Director rather than printed guidelines. In the future, private roads that are 24 feet wide may not be ADA approved and design requirements may be different. Kalanianaole Highway is a classic example of changing rules and the work taking years to finish. The bus stops and fire hydrants are in the way of the wheelchairs traveling on the sidewalks and need to be relocated at tremendous cost and time. State office for persons with disabilities will need to review the plans for compliance with the laws.
It is important that all utilities know the day you will close so they can put the utilities into your name starting on that day. This will assure you that you won't have any service interruptions. Also please make sure you have the proper insurance in place by closing day.
We have compiled a list of the most popular utilities below including links to their websites.
Hawaiian Electric - 543-7771
Board of Water Supply - 748-5030
The Gas Company - 535-5933
Post Office - (800) 275-8777
Hawaiian Tel - 643-3456
Spectrum Cable - 643-2100
Direct TV - 1-800-937-9216
Star Advertiser - 529-4848
Trash, Green Waste, & Recycle Information
Solar if system is leased.
Home Exemption Details
Home Exemption Form
File Home Exemption Online
Department of Planning & Permitting - Building Permits - (808) 768-8058
Shoreline - 768-8015
Variance Department - 768-8021
Zoning - 768-8252
Subdividing Property - 768-8100
Assessed Values - 768-3799
State Commerce and Consumer Affairs Department regarding CPR Applications - 586-2644
Title Guaranty Exchange, Hawaii's Largest Exchange Subsidiary
OREXCO, Old Republic Exchange Company
Vice President, Hawaii Regional Manager
Important points to keep in mind:
1. You need sell investment property and purchase investment property.
2. An exchange needs to be set up before you close on the sale of your Relinquished Property. If you buy first and then sell, a Reverse Exchange needs to be set up before close on your purchase of the Replacement Property (More information on a Reverse Exchange)
3. In order to have 100% deferral, your replacement property/properties need to be equal to or greater than what you sell your relinquished property for minus customary closing costs (commissions and escrow fees….approx. 7% if you are paying 6% commissions). Anything below that number will be exposed to taxes, up to the extent of your gain. You need to reinvest BOTH your basis and your gain. That is why we are looking at the sales price and not just the net proceeds.
4. Your clock starts ticking the day you close on the relinquished property sale. You will have 45 days from that date to identify what you are going to purchase and a 180 days to close on it. The 45 days are included in the 180 days. So, you don’t get 45 and then a fresh 180! You do not have to have an accepted offer when you identify property, however you cannot make any changes to the Identification Notice after your 45th day. You will have to be able to purchase something that is on your list. There are no extensions. Every day counts!
5. You can do an exchange anywhere in the U.S. and U.S. Virgin Islands except Puerto Rico.
6. If you do an exchange you are exempt from the HARPTA withholding (Hawaii State Tax).
David’s Custom Roofing
Custom Roofing & Painting
Phone: (808) 833-1633 / Fax: (808) 833-1827
Richard K Shimmon
2 Guys & A Truck, LLC
Lucky's Delivery & Moving Services
45-171 Lipalu Place
Kaneohe (808) 450-6363
Black Diamond Cleaning
Specializes in carpet, tile, window, dryer vent and solar panel cleaning. He can also do move out cleaning and handyman work.
Hawaii Real Estate Photography, LLC
Tron Von Tran
Tron has photographed over 8,000 homes for over 500 Realtors and has 10 years of experience.
He is priced around $175.
Very High End