Question: “When renovating a home, what are some ideas to make a home more comfortable?”
Christie’s Answer:
On St. Croix, both indoor and outdoor spaces of a home are crucial in forming a comfortable and welcoming setting. A spacious and open floor plan allows for movement, mingling, and conversation to flow, as well as for comfortable breezes. Here are 7 ideas which will make a more comfortable home:
The heart of a home is its kitchen. Create a space where you like to be while cooking for yourself or your guests. Make sure there’s a place for them to sit while talking with you, and enough room for them to help you cook!
Replace older AC units for energy efficient mini split units.
Shade for comfy outdoor furniture make a wonderful space for you and guests. Have around 150 square feet of shaded space, the size of a small room, if it will fit in your plans, more is always welcome. Use all-weather outdoor furniture which can handle the elements of the tropical climate.
Replace old windows, ceiling fans, and screens as needed for good air flow. You are going to want those breezes!
Think about how you use your home at night. Appropriately recessed lighting, wall sconces, and outdoor lights can make a huge difference in your comfort and tranquility.
If you don’t have the space or resources for a swimming pool, a plunge pool goes a long way to help cool you on those hot sultry days.
How about an outdoor shower? Showering outside while enjoying the view is delightful, especially after a day of snorkeling or diving, and decreases the amount of sand getting into your home!
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:
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.
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.
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.
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.
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.’
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!
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.
Question: “I’m interested in buying land to build a commercial property. Who would I contact?”
Chris’s Answer:
The same lending institutions for home loans could potentially lend to build a commercial property. The Lender’s Commercial Loan Department handles this type of lending. They will require much of the same information in our other Q&A. It’s always a good idea to call to speak with a Commercial Loan Officer.
