Buying land on the Big Island
Buying land on the Big Island of Hawaii can be a complex process, requiring a thorough understanding of the various regulations and permits that must be obtained before any development or building can take place. One of the first steps in the process is to determine the boundaries of the land you are interested in purchasing. This is typically done through a process known as boundary staking, which involves the use of survey markers and other tools to establish the precise location of the property lines.
Once the boundaries have been established, the next step is to conduct an archeological study of the land. This is important because the Big Island is home to a number of ancient Hawaiian cultural sites that must be protected and preserved. The study will determine whether there are any significant cultural or historical resources on the land, and if so, what measures must be taken to protect them.
Once the boundaries and archeological study have been completed, you will need to obtain a number of permits before you can begin any development or building on the land. These permits will vary depending on the type of project you are planning, but may include zoning permits, building permits, and environmental impact statements.
In addition to these permits, it is important to understand the difference between leasehold and fee simple land on the Big Island. Leasehold land is land that is leased from the state or another entity, typically for a period of 99 years. This means that while you have the right to use the land during the lease period, you do not own the land outright. On the other hand, fee simple land is land that is owned outright, with no lease period. This type of land is typically more desirable, as it offers greater security and stability in terms of ownership.
Finally, it is important to work with a seasoned realtor when buying land on the Big Island. A good realtor will have a deep understanding of the local market, as well as the various regulations and permits that must be obtained. They will also be able to guide you through the process of buying land, from boundary staking and archeological studies to obtaining the necessary permits and navigating the leasehold vs fee simple landscape. With the help of a knowledgeable and experienced realtor, you can be confident that you are making a sound investment in a piece of land that will meet your needs and provide you with a solid return on your investment.
