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Karen

Selling And Buying Real Estate In The US Virgin Islands

Here I live in the US Virgin Islands.  What a beautiful place to be!

karen-korsgren-headshot

When I was 15 my family went on vacation to Grand Cayman.  Ever since then I have wanted to live somewhere where it is warm all the time, palms are the most abundant trees, the water is aqua, and wearing your black flip flops means you are dressed up.

Well, it took a few years for me to convince myself that I could do it, but here I am.  I moved to St Thomas in October of 2004 and I have never looked back.  I am selling St Thomas real estate, along with St. John real estate and St. Croix in one of the most beautiful areas in the world and loving it!  Now I get to help other people find their dream home.  This can be a studio condo or a multi-unit income producing home or a piece of land.

The US Virgin Islands consist of St Thomas, St John, St Croix, Water Island, and various other smaller islands and cays.  I can help find commercial space for those of you looking to start a business or I can help you purchase an established business.

Feel free to email me at islandrealestate@joimail.com if you would like to find out what real estate is available or ask me any questions.

Karen Korsgren (”Island K”)

islandrealestate@joimail.com

ph: 340-514-4730

Comments (4)

Karen

Vacation Ritz Carlton Style

 this could be your viewWhen you come to a beautiful island, you just want to relax and play in the sand and turquoise water.  No worries about making beds, cleaning dishes, cooking, or finding a place to eat out all the time with enough room for you and the kids. 

Welcome to the Ritz Carlton Club Suites.  At the Ritz Club Suites you have two bedrooms – in the master suite, a king size bed and in the other bedroom are two queens.  Twice a day maid service, and three meal presentations a day so you dont have to find a restaurant for every meal.  If you do find yourself with leftovers or if you feel like cooking, there is a bistro kitchen in the unit.  There is even a washer and dryer since you will be staying for two weeks at a time in the winter. 

Master bedroom

Just imagine being steps from one of the most beautiful beaches on St Thomas.  When you wake up in the morning, your view is of palm trees, white sand, and water so blue and clear you can almost make out the fish swimming in the shallows from your room.

                                       Ritz Carlton suites

 Come on down and see what the Ritz Carlton lifestyle is all about.

 

Comments (4)

Karen

Insurance in the USVI

 Yes, insurance here is expensive because of hurricanes and possible flooding from such storms as find their way in to the Atlantic. The “replacement cost” on the appraisal is what the insurance companies look at when they decide what to charge you.  The appraisal does not go by square footage alone.  Other factors are what the house is constructed of and if it has hurricane shutters and clips.  When purchasing a home, the appraisal will have this information.  It will also have the three different ways the home was valued.    With a concrete, shutterd three unit home the insurance will be over $10k/yr.  Ouch!  That breaks down to about $850/month.  That is on top of the mortgage and taxes.  The different insurance companies do have slightly different rates, so shop and compare.

The bank will require flood insurance for beachfront, waterfront, and low laying areas, or a flood certificate if your home is not in a flood zone.  If you have rental apartments, I would suggest obtaining liability insurance.   Liability insurance does not cost much extra and it is well worth it.

 

Comments (2)

Karen

To Purchase Land on St Thomas

If you have decided that you want to build your own dream home, you must first find the perfect property. There are several beautiful pieces of land available. The closer to the water, the more expensive. We have cliff waterfront, rock beaches, and sand beaches available. There are also parcels farther from the water with beautiful views. These cost a bit less and, since most places are about 15 minutes from any beach, this may be just what you are looking for.

The terrain here is different for every square foot – and it is rock.   A topographical survey (topo)of the land should be performed for an architect to design a house that fits the land.  It is a lot easier to build the house around the rock than to move it.  I have seen some very interesting rock formations incorporated into homes.

Keep in mind the cost of building here is on the high side – between $200-$500 per square foot. This is because everything must be shipped here and we must build for hurricanes. Whether you use poured concrete, concrete block, steel frame (force-10@earthlink.net ), or mixed masonry such as Deltec  (www.asenciosconstruction.com) you will have to build your cistern and septic tank first.

Also, remember that everything has to be shipped to the island – that means materials to build with and items to finish your home. Whatever amount of time you are told it will take to build or ship, assume it will take twice that amount of time to actually get done. Sometimes this is due to workers on “island time”, other times it is because in order to accomplish one thing, something is needed and it is not on island.

Whatever you decide you wish to purchase – home, condo, timeshare, or land – contact your trusty Realtor (that would be me) for listing information.

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