Why Buying a Vacation Home Beats Renting One This Summer

Kona Home Team (LUVA LLC) Lance Owens (RB-24133), 2024 Real Estate Expert - Hawaii Island (Kona Home Team (luva llc)) • May 23, 2023

Aloha, Lance Owens (RS) with LUVA Real Estate, along with our partners at KCM, bringing you the latest in real estate news and events.


For many of us, visiting the same vacation spot every year has become a summer tradition that is fun, relaxing, and restful. If this sounds like you, now is the time to consider your plans and determine whether buying a vacation home this year makes more sense than renting one again. According to Forbes, "if the idea of vacationing at the same place every year makes you feel instantly relaxed, buying a vacation home might be a wise move."


To help you decide if making a move like this is right for you, let's explore why you may want to consider purchasing a vacation home today.


Benefits of Owning Your Vacation Home:



  • No worries about finding a place to stay: It can be challenging to find a rental in your desired location and timeframe. Some popular summer vacation destinations are often booked up in advance. By owning your vacation home, you eliminate the inconvenience of finding accommodations. Bankrate explains, "...a second home can offer a place to have quality time with your family and ensures that you always have a vacation destination."


  • It's an investment: Home values typically appreciate over time, and the same holds true for your vacation home, especially in areas with growing market demand. This can help increase your net worth over the long term.


  • Tax benefits: Owning a vacation home may provide tax deductions based on its location. However, it's important to consult with a tax professional before making a purchase, as tax regulations can vary by location.



  • Retirement potential: If you love the location of your vacation home, it could potentially become your retirement destination. You might consider selling your primary residence and moving to your vacation home later in life.


How a Pro Can Help You Find Your Perfect Match:


As you prepare for summer vacation, consider the option of visiting your second home instead of renting another unit or staying in a hotel. If this appeals to you, a local real estate agent is your best resource. They have the knowledge and resources to help you understand the area and find vacation homes within your budget. Additionally, these agents can explain the benefits of owning a second home.


Bottom Line:



If any of these reasons for owning a vacation home resonate with you, let's connect. There is still time to enjoy the summer in your vacation home.


Posted by

Lance Owens RB-24133
808.936.8383
 

LUVA Real Estate | 75-240 Nani Kailua #8, Kailua Kona, HI 96740 
   REALTOR® / BROKER-IN-CHARGE • Residential homes, Condos, Land, Agricultural/ Equestrian/Large Acreage 

Hawaii Association of REALTORS® (HAR) 

    2025 President   2023/24 State RPAC Chair
    2023 HARLA Graduate 

National Association of REALTORS® (NAR) 

    2023-25 Director   2024-25 RPAC Participation Council   Safety Advisory Committee   Region 13 Leadership

NAR Designations
      
AWHD (At Home With Diversity) | PSA ( Pricing Strategy Advisor) 
West Hawaii Association of REALTORS® (WHAR)

   2023 REALTOR® of the Year   2018/2022 President


By Kona Home Team (LUVA LLC) Lance Owens (RB-24133), 2024 Real Estate Expert - Hawaii Island (Kona Home Team (luva llc)) April 24, 2025
Today’s Inman News headline reads:“Existing-home sales fall to slowest pace since 2009 amid rising costs.”That may be true nationally—but not here in North Kona.While the mainland sees pullbacks, our local data paints a different picture. From January through March 2025, both home and condo sales in North Kona are up—eclipsing 2024, 2009, and even 2008 numbers.📊 North Kona YTD Sales (Jan 1–Mar 31): 2008: 69 Homes | 47 Condos 2009: 42 Homes | 33 Condos 2024: 104 Homes | 67 Condos 2025: 107 Homes | 82 Condos This isn’t just a rebound—it’s sustained confidence. Buyers are still buying. Sellers are still selling. And the market is still moving.It’s a powerful reminder that real estate is local. National headlines don’t always reflect what’s happening in our neighborhoods, our communities, or right here on the Big Island.Want the real story—not the national spin? Talk to someone who’s lived and worked it.With 21 years of boots-on-the-ground experience in the North Kona market, I’ve seen every shift, surge, and slowdown (even volcano related) . Let’s talk about what’s really happening—and how it affects your next move.Aloha,Lance Owens RB-24133  808.936.8383 LUVA Real Estate | 75-240 Nani Kailua #8, Kailua Kona, HI 96740        REALTOR® / BROKER-IN-CHARGE • Residential homes, Condos, Land, Agricultural/ Equestrian/Large Acreage Hawaii Association of REALTORS® (HAR)      2025 President | 2023/24 State RPAC Chair     2023 HARLA Graduate National Association of REALTORS® (NAR)      2023-25 Director | 2024-25 RPAC Participation Council | Safety Advisory Committee | Region 13 Leadership NAR Designations       AWHD (At Home With Diversity) | PSA ( Pricing Strategy Advisor) West Hawaii Association of REALTORS® (WHAR)     2023 REALTOR® of the Year | 2018/2022 Preside
By Kona Home Team (LUVA LLC) Lance Owens (RB-24133), 2024 Real Estate Expert - Hawaii Island (Kona Home Team (luva llc)) April 14, 2025
Mayor Kimo Alameda is holding a final Town Hall meeting: 📅 Tuesday, 5:30–7:00 PM📍 Make‘o Pavilion at Old Airport If we want a say in Kona’s future, now is the time. Show up. Share your mana‘o. Let’s make sure the decisions made today reflect the hard lessons — and wasted money — of the past. Mahalo to Our Leaders Mahalo to Mayor Kimo Alameda, Council Member Rebecca Villegas, and 365 Hawaii Island Community Fund for pulling the community together on Saturday.It’s powerful to see leadership and respectful conversation at a time when real listening is rare.With almost all in attendance opposed to the idea, few had other solutions.(Personal note: Kuakini Highway must be widened before any one-way plan moves forward.) Why the Past Matters Today Yesterday, I had the chance to speak and remind our leaders of a history many may not know. We have a new administration, new decision-makers, and 60% more residents since the last time this failed — making it even more critical to learn from the past before repeating it: These timelines were shared with Mayor Kimo Alameda and Council Member Rebecca Villegas - but should be spoken to at the meeting Tuesday 1974 — One-Way Ali‘i Drive AttemptThe County tried making Ali‘i Drive one-way.Public outrage, traffic jams, and confusion killed the plan almost immediately. 1999 — Paid Parking at Coconut GrovePaid parking was introduced, enforced by Diamond Parking.Businesses quickly lost customers.Locals and visitors pushed back hard.Within a year and a half, the system collapsed under pressure without needing government interference. 2004 — Another One-Way PilotDepartment of Public Works launched another one-way test when Kona had about 28,500 residents.Goal: Improve pedestrian safety and deliveries.Result: Massive congestion on Kuakini Highway and side streets.Public backlash ended the project early — after spending significant taxpayer money setting it up.(Personal note: I was a prisoner in my own office. It took over an hour just to get out and back.) 2013 — Expert Warning IgnoredA new administration revisited the idea, population now at 37,800Warren Lee, Director of Public Works — a licensed Professional Engineer (P.E.) and respected leader of major infrastructure projects across Hawai‘i — publicly warned:"Any one-way proposal must be contingent on the completion of alternate routes to absorb displaced traffic.Public health, safety, and overall traffic flow must improve — not worsen — before any change is made." 2023 — Paid Parking ReturnsPaid parking was reintroduced in Kailua Village.Same pattern: fewer visitors, frustrated residents, half-empty parking lots. 2025 — Déjà Vu?A new one-way proposal is on the table.Kona’s population has jumped 60% since the last failure — from about 28,000 to 45,000 people today. The Pattern is Crystal Clear Every time these changes were rushed without real planning, they failed — wasting time, wasting money, and hurting local businesses. 📣 Show Up Tomorrow We cannot afford another repeat. Show up tomorrow. We owe it to our community — and our tax dollars — to learn from the past and plan responsibly.🗓 Final Town Hall🕠 Tuesday, 5:30–7:00 PM📍 Make‘o Pavilion at Old Airport 
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