Buying Hawaii Real Estate in the Military

I’m in the military, should I rent or buy in Hawaii?

Great question! This is a question that our clients ask us on a regular basis.

On this page, you’ll find information that will help you make the right decision.

Reasons to Buy

  • Sell for profit when you move.
  • Mortgage payment increase equity.
  • Rental income if you move.
  • Free to make any changes you like.
  • Tax deductions.
  • No rental renewal worries.
  • Monthly payments less than rent.

Reasons to Rent

  • Easier to move.
  • Landlord fixes problems.

Is your BAH going to your pocket or someone else’s?

Would you rather give your basic housing allowance to your landlord or pay it to yourself and build equity?

On the right you see a chart with BAH for those on the island of Oahu with dependents. This housing allowance is enough to use for rent and in most cases more than enough for monthly payments to purchase your own home.

If you decided to put your BAH into a new home, you can own a piece of paradise now and for years to come, and you’re mortgage payments will likely be less than rent.

Contact Shannon Severance at (808) 426-8772 to learn what properties are available that fit your BAH.

GRADE WITH DEPENDENTS WITHOUT DEPENDENTS
E01 $2,526 $1,992
E02 $2,526 $1,992
E03 $2,526 $1,992
E04 $2,526 $1,992
E05 $2,844 $2,133
E06 $3,297 $2,472
E07 $3,465 $2,598
E08 $3,648 $2,940
E09 $3,831 $3,078
W01 $3,318 $2,490
W02 $3,543 $2,937
W03 $3,765 $3,087
W04 $3,858 $3,342
W05 $3,975 $3,513
O01E $3,504 $2,847
O02E $3,732 $3,042
O03E $3,873 $3,294
O01 $2,901 $2,202
O02 $3,294 $2,739
O03 $3,756 $3,135
O04 $4,014 $3,480
O05 $4,194 $3,582
O06 $4,230 $3,750
O07 $4,272 $3,822
GRADE WITH DEPENDENTS WITHOUT DEPENDENTS
E01 $2,823 $2,118
E02 $2,823 $2,118
E03 $2,823 $2,118
E04 $2,823 $2,118
E05 $2,991 $2,412
E06 $3,012 $2,667
E07 $3,189 $2,829
E08 $3,390 $3,000
E09 $3,588 $3,006
W01 $3,024 $2,769
W02 $3,273 $2,997
W03 $3,519 $3,009
W04 $3,618 $3,048
W05 $3,738 $3,234
O01E $3,231 $2,991
O02E $3,480 $3,003
O03E $3,633 $3,015
O01 $3,000 $2,652
O02 $3,009 $2,937
O03 $3,507 $3,012
O04 $3,777 $3,201
O05 $3,966 $3,315
O06 $4,002 $3,498
O07 $4,032 $3,561
GRADE WITH DEPENDENTS WITHOUT DEPENDENTS
E01 $2,139 $1,605
E02 $2,139 $1,605
E03 $2,139 $1,605
E04 $2,139 $1,605
E05 $2,223 $1,875
E06 $2,430 $2,058
E07 $2,448 $2,142
E08 $2,457 $2,268
E09 $2,499 $2,325
W01 $2,445 $2,118
W02 $2,454 $2,265
W03 $2,466 $2,331
W04 $2,514 $2,427
W05 $2,583 $2,442
O01E $2,451 $2,223
O02E $2,460 $2,313
O03E $2,523 $2,424
O01 $2,250 $2,052
O02 $2,427 $2,196
O03 $2,463 $2,352
O04 $2,601 $2,433
O05 $2,703 $2,445
O06 $2,724 $2,448
O07 $2,745 $2,484
GRADE WITH DEPENDENTS WITHOUT DEPENDENTS
E01 $2,433 $1,872
E02 $2,433 $1,872
E03 $2,433 $1,872
E04 $2,433 $1,872
E05 $2,742 $2,058
E06 $2,997 $2,247
E07 $3,015 $2,451
E08 $3,024 $2,799
E09 $3,069 $2,871
W01 $3,012 $2,328
W02 $3,021 $2,796
W03 $3,033 $2,877
W04 $3,096 $2,994
W05 $3,201 $3,000
O01E $3,018 $2,742
O02E $3,027 $2,853
O03E $3,108 $2,991
O01 $2,778 $2,121
O02 $2,994 $2,640
O03 $3,030 $2,904
O04 $3,234 $2,997
O05 $3,399 $3,003
O06 $3,429 $3,006
O07 $3,456 $3,042
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