5 Home Remodeling Strategies

5 Home Remodeling Strategies

Home remodeling can be challenging, especially on an island where resources are fewer, and items can take time to arrive by boat. Whether it’s something relatively easy like changing the paint color, or something major like a complete home remodel, if you plan ahead the process is not only survivable, it can even be fun and very rewarding. It changes your life!

Don’t let renovation anxiety stop you from achieving your real estate dreams. Here are 5 strategies to help you remodel your home:

  1. Keep track of your progress, no matter how small, in a journal or photographs. It’s important and encouraging to see how much progress you’ve made toward reaching your goal as you go along. 
  2. Avoid decision fatigue. It’s good practice to purchase fixtures (sinks, faucets, ceiling lights, and even door handles) well before you need to install them so you don’t encounter delays. Batch fixtures by the room or by type. This will put you on a path to interior design success.
  3. Consider working on one room or floor at a time and sealing it off with plastic sheeting to prevent dust from getting everywhere. And though it should go without saying, always keep one bathroom fully functional.
  4. Get clever with cooking. You use your kitchen every day, so if it’s under construction, things get a little tricky. Stock up on no-bake and one-pot recipes (all you need for the latter is one hot plate). Use an outdoor grill to get away from the construction scene and dust.
  5. Keep your eyes on the prize! No matter how much preparation you do, renovations can be draining. One of the best ways to maintain enthusiasm is by taking “before and after” photos. The visual comparison will help you relax and remember just how far you’ve come, serving as an instant pick-me-up on tough days. It also becomes a record for any future reference.

Our Clients, who’ve become our friends, purchased this home with us. They’ve completed their beautiful kitchen renovation. See the BEFORE & AFTER photos they shared with us (above)!

Looking to buy a home to renovate? Check out our video below as we walk through some questions you should consider when searching for a ‘fixer-upper.’

USVI Celebrates “Timeless: A Virgin Islands Love Story” Feature Film Streaming on Amazon Prime

USVI Celebrates “Timeless: A Virgin Islands Love Story” Feature Film Streaming on Amazon Prime

The U.S. Virgin Islands Department of Tourism announced that feature film “Timeless: A Virgin Islands Love Story” will be available on streaming platform Amazon Prime starting September 6, 2023.

The date holds special significance as it marks the anniversary of Hurricane Irma’s devastating impact on the Virgin Islands. This hurricane deeply affected the lives of many, including the film’s writer, producer, and director, Edward La Borde, Jr.

The film was entirely produced and shot in the Virgin Islands, and showcases the talents of Virgin Islanders both in front of and behind the camera. According to the USVI Department of Tourism announcement, the making of “Timeless” was a three-year-long journey, filmed across 26 locations in the U.S. Virgin Islands, including St. Thomas and St. Croix. The breathtaking natural beauty of America’s Paradise provided the backdrop for the modern-day love story set during the Carnival on St. Thomas. Capturing the essence of the Virgin Islands’ culture, the movie incorporates music, dance, folklore, and colloquial expressions.

Read the full announcement and about the film here.

What to know about soaring mortgage rates

What to know about soaring mortgage rates

According to the Washington Post, over the past 18 months, mortgage rates have more than doubled as the Federal Reserve has repeatedly increased interest rates to fight inflation. Mortgage rates jumped to their highest level in more than two decades, with the average 30-year fixed loan coming in at 7.09 percent the week before this August 18, 2023 article was published. Read the full article here, we recommend it!

Mortgages have become more expensive because of the Federal Reserve’s campaign to get inflation under control by raising short-term interest rates to try to cool down the economy. This also causes longer-term rates like mortgages to also rise (see what experts say about this in an article from CBS News here).

The higher rates make home-ownership less affordable for many would-be buyers who rely on home financing. Similarly, the higher rates have also made potential sellers reluctant to sell their current homes for those who would likely have to pay more in mortgages for their next house purchase. However, industry analysts point out that home buyers still bought homes and took out mortgages when mortgage rates climbed throughout the 1970s and reached more than 18 percent in the early 1980s.

When home buyers with concerns on the high interest rates ask us when is the right time to buy, we advise buyers that the decision is based on their own readiness to buy and comfort level. Here on St. Croix, every property is truly unique. As we tell people, it may be your “forever home”, but it doesn’t have to be your “forever loan”. When interest rates go down, you can refinance, and you will have the property you love! 

NEW St Croix Area Reports (July 2023)

NEW St Croix Area Reports (July 2023)

Find the monthly insight and sales data for the St. Croix, USVI real estate market! We have downloadable Coldwell Banker real estate reports — available below for each category: All Properties, Condos, Single Family Homes, and Land! The sales data will be help you understand the number of listings sold, days on market, the median price listed and sold, and much more.

If you are not familiar with with the implications of the data, please give us a call or email us directly with any questions. We are Accredited Buyer’s Representative (ABR) and Seller Representative Specialist (SRS) and have the experience and local knowledge to help you in every step of the process. We can help you narrow down neighborhoods based on your priorities. We can also advise you on the market trends in your desired neighborhoods.

Open reports by clicking on links below:

All Property Types – July 2023 Area Report

Single Family Homes – July 2023 Area Report

Condo – July 2023 Area Report

Land – July 2023 Area Report

Note: The average sales price and the average days on market could be skewed greatly by only one sale or because of the small number of sales

Cramer’s Park Bas Relief Sculptures

Cramer’s Park Bas Relief Sculptures

On our scenic drives on the East End of the island, we often stop by and visit Cramer’s Park. It is a popular local park and beach amongst locals and a wonderful place to spend time with family and friends. It is close by Point Udall a popular attraction on St. Croix that we often frequent. Cramer’s Park has been undergoing a complete renovation of the facilities as part of the Cramer’s Park Pavilions Hurricane Repair Project by the USVI Department of Sports Parks and Recreation.

When you visit, look for the beautiful Bas Reliefs at the park pavilion area. We always enjoy the artwork here. As part of the repair project, the wall behind the Bas Reliefs received some a new coat of green paint that better help accentuate these marine sculptures. Raised a few inches from the background, the sculptures have an interesting three-dimensional effect.

As you can see from the plaque, the Bas Reliefs is a part of a sculpture project by the The Coral Conservation Corps is an after school program composed of students learning about St. Croix’s coral reef ecosystems, marine stewardship and advocacy. Thanks to the sponsorship of the Buccaneer Hotel, artist Kate Miller, and the Manor School, this Bas Relief mural of was completed in 2012.

If you are visiting Cramer’s Park, stop by the pavilion area and enjoy the beautiful artwork at the park!