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ED HAWAI'I LIFE REAL ESTATE BROERS Ok , time to show my age again . If , like me , you can restrictions , reserve evaluation , by - laws and minutes units sell increments of time which means each could hawaiianrealty.com recall a time before residential condominiums existed , of recent meetings to consider . Remember , technically be owned by 52 ( or more different owners . And then 800-667-5028 ext . 8122 you'll agree that for some time apartments looked like speaking condo ownership is really ownership of there are those dam HOA ( homeowner's association ) ondos and rental units looked about like most condos , your own airspace with all else owned together fees . In both East and West Hawai , these often run in The concept that each unit could be individually owned with others . Overall maintenance plans are critical . excess of $ 800 per month . On the West side , resort was indeed quite creative . Truth is , anyone bom prior Interestingly , Hawaii was the first in the nation to fees increase the monthly cost of ownership . In East to 1961 predates the first condominium . I recall driving adopt condominium laws . We have several variations Hawaii , only townhome units are individually metered the Northeast Florida coast back in the early on the condominium ownership theme . Most do for power and water . Most condominium associations 70s . Even sleepy little Crescent Beach was not apply to East Hawaii . To my knowledge , Co - op roll utility costs into the HOA . This means that utilities changing Condos sprang up everywhere . ( Cooperative Apartment ) ownership ( technically a are not considered part of a buyer's qualifying ratio Ownership caught on quickly . That period different " duck " ) does not exist on Hawaii Island . for townhomes but will affect both a buyer's ability was critical to condominium development Condo - tels , resort condominiums and time shares to qualify and an investor's ability to achieve positive in Hilo as well . In fact , without notable are very common in West Hawaii but not East Hawaii cash flow when utilities are rolled into HOA fees . REAL ESTATE AGENCY exception , every condo building in East There are things you should know about each . Interestingly , the condo market seems unaffected by Hawaii was constructed during the 70s . Condominium Besides the documents and financial information , current market dynamics but the real take away is that ownership and occupancy is very different than either financing a purchase in a condo - tel or a resort if you are " duck - hunting " , be sure to choose an agent a single - family residence or an apartment building property can prove challenging . 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