Page 5 - Hawaii Renovation - April 10, 2022
P. 5

APRIL 10, 2022
                  With interest rates edging up, homeowners
planning to rebuild this year are exploring both their fi- nancing and new construc- tion options.
Over the past two years the rebuilding trend has been particularly strong in the older urban Oahu neigh- borhoods such as Palolo and Kaimuki, where Homeworks Construction has completed numerous custom rebuilds over the past two years. They also have projects underway in St. Louis Heights, Manoa
and Kapahulu, where a new home — replacing a 79-year- old structure — is now in the framing stage (see photo). Several of the single-family home rebuilds include acces- sory dwelling units (ADUs).
Homeworks Construction president and chief admin- istrative officer Marshall Hickox notes that there are several ways to finance a re- modeling or building proj- ect depending on its scope and the homeowner’s finan- cial resources.
“New construction may require a construction loan,
which has specific terms and guidelines,” he says. “To go forward with the financing for a building project of any type or scope, an assess- ment of the cost will have to be obtained from the general contractor. So, it’s essential to choose a licensed com- pany with good references, preferably one with experi- ence in similar projects.
“Many of the requests we get for consultations and estimates are from residents of neighborhoods where we have projects in progress or have completed a new cus- tom home. We offer con- struction consultation on a no-fee basis at the jobsite or at our office and showroom in the Homeworks Building, where we can take them on a video tour of a wide range of new custom homes.”
Typically, the priorities of
homeowners planning to rebuild on the site of their existing home are more space, a more functional layout, maximizing natural light and ventilation, and taking advantage of views. With homes built as much as 80 years ago — often the case in Oahu’s older neigh- borhoods — the household may include two or three generations, so privacy will also be a consideration in designing the room layout. Although most of the old single-family homes are re- placed by two-story struc-
tures, many owners opt for single story layouts in the interest of convenience and accessibility, which was the owner’s choice for one of our recent rebuilds in Kaimuki (see photo).
“Creating a family home is really a collaboration pro- cess involving the owner, the designer and the builder ... all working together to- ward the mutual goal of a unique new home that will serve the family’s needs for generations and represent a solid investment in their future,” Hickox adds.
Homeworks Construc- tion was chosen as one of Hawaii’s “Best Construction Companies” in Honolulu Star-Advertiser’s “Hawaii’s Best” awards program for three consecutive years and was named “Builder of the Year” by the Building Indus- try Association. The National Association of Home Build- ers designated the company a “Built Green Professional” and “Aging in Place Special- ist.” To make an appoint- ment for a consultation call 808-955-2777 or visit
ADDRESS 2111 S. Beretania St., Honolulu CONTACT 000-0000
WEB ADDRESS Address here and here
WEB website here

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