GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Kaneohe town and mountain range at sunset, Hawaii, USA.

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you might read more about oureditorial guidelinesand our products and servicesreview methodology.

All of these can make Hawaii seem like the perfect place tobuy a homeand live happily ever after.

facebook sharing button

Here are 13 reasons you might regret buying a home in the Aloha State.

Housing, groceries, transportation and utilities are all significantly pricier than the national average.

This can strain your budget and limit your disposable income.

twitter sharing button

This is especially true for those who are looking for specialized or high-paying jobs, he said.

While these events may not occur frequently, they can cause significant damage to homes and disrupt daily life.

This translates to more frequent and costly maintenance.

linkedin sharing button

Boonzaayer said that, due to the island location, skilled labor in Hawaii can be scarce and expensive.

This can lead to higher costs forrepairs and renovations, he said.

Hawaii has some of the highest property taxes in the nation, said Boonzaayer.

email sharing button

This adds a significant, ongoing cost to homeownership.

This makes it a riskier investment compared to some mainland markets.

Depending on the location, finding tenants for a rental property might be challenging, Boonzaayer said.

This could impact your ability to generate income from your investment.

More From GOBankingRates

Share This Article:

The Latest inInvesting