There are plenty of reasons as to why a person may choose to buy Oahu real estate like a house, apartment, or a mansion. They can use the property as their home or they can purchase it so that their kids can live in it once they are grown up. Some people buy property as purely investments.
Lots of people will want to purchase a property so they can live in it. This is a very important thing in their lives and is almost at the same level as finding a job and starting their own family. These people might be single or they can be newlyweds who are just starting a family. Usually people will purchase a property when they are still single and then they get married and proceed to have children. It could be that the woman and the man already have their own homes so they can choose to pool together the resources so they can build a bigger one.
There are some families that already have their own homes but they wish to buy another one so that their children will have somewhere to live in once they are out of the house. They may choose to purchase a property near the one they live in and then have it rented out until the children reach their twenties and they choose to live in it themselves. Since the property is close to their own, it is not difficult for the owners to watch the tenants living in it and to see if there is anything that has to be maintained.
This is a good setup for a lot of families and this could be the reason why people choose to buy a property next to their house or just down the street in case one opens up. Getting a house for your children to live close to you makes it easier to keep in touch as a family. The grandparents can visit their grandchildren at anytime they wish to and the grandparents can babysit the kids. It is also easy for relatives who are visiting to drop by on the entire family without having to go through a lot of traveling.
Some children choose not to live in the house bought by their parents especially if they do not plan on living in the same area. Maybe they want to go and study for college in another state in the country. They could find work there and so living close to their parents will not be easy.
Other people choose to buy properties as pure investments. These tend to go up higher so they can rent it out and wait for the value to increase.
