Hello all....On a past thread I read about many houses were abandoned after they were destroyed by hurricane.I was wondering since most houses are built with concrete block on St Croix that there may be a market for buyng, fixing, and selling these houses? Assuming that the exterior walls were not to damaged.Also I was wondering if the interior walls were also made from block?My first post was a week or so ago under going for it....My background info is there.I really appreciated the comments I recieved.Thanks again and look foward to your responses....p.s. this board is so helpful it sure makes my wife and I more comfortable about the possibilty of such a huge change in our lives.
There could be many reasons some of the homes are abandoned and have not been rehabbed. Not that I have seen every home needing rehabbing, but what I've learned form a few realtors and investors here is... LIKELY all of the bargains have already been rehabbed. The ones you see probably are not worth the asking price when you add in the repair costs... at least to an investor. You may find something that would be worth what you put into it and break even in the end, but many sellers are asking way too much and holding out for a 'grape' to come along and get 'plucked'... if you know what I mean.
'Plucked' reminds me of a tongue twister. Say the following 3x as fast as you can:
I'm not a fig plucker, nor a fig plucker's son. But I can pluck figs til the fig plucking's done.
Island Ed: This long vacation weekend is getting to you! Get back to work! LOL! 😀
P.S. How about the next verse: I slit a sheet, a sheet I slit, upon the slitted sheet I sit.
Sorry Islander. Remove me!
A & B EE
Come on East Ender... I still have today to play! LOL
a bit of butter. But she said this butter's bitter. Betty better buy a bit of better butter.
I can do this all day.
I thought it went:
Betty bought a bit of butter, the butter was bitter. Betty bought a bit of better butter to make the bitter butter better.
Where are we going with this thread??? I guess, this ties in with the the original post like this:
Don't buy a bitter house, because you can't add enough better butter to make the bitter house better. Make sense?
East Ender & Island Ed:
O.K........is rum on sale again?
Have a Happy Easter.
Hey, Lent is over!
Which wristwatches are Swiss wristwatches?
I really enjoyed the toung twisers,sounds to me like rum was on sale or you all are just having to much fun down there.However I was wondering if anyone else had an opinion,I was hoping this could be my niche.
We inquired about several that we had located north of F'sted close to the beach and were told they had been sold...nothing is being done with them at this time. These were smalller slabs with walls still standing, several of them, as you head away from the ballpark and toward Rhythms. It appeared to us the walls were poured concrete, but we didn't get out and take a close look.
We were told about some leftovers from Hugo in Estate St. George - an acre with a slab from Hugo and a small apt. below it sold for around $90K recently, or at least that's what we heard. And there is NOTHING standing there but the slab from what I can tell. My understanding is the guy who bought it is from CO and is going to build a replica windmill house, but that may all be speculation as well.
From time to time there have been offerings in the MLS of a lot with a slab...sometimes they even have walls, lol!
I wish I could help you more - it appears that we are all approximately 5 years too late and are coming in on the back side of the housing price peak (if it has peaked yet). Please remember the building codes changed after Hugo, or so I am told, so I'm not sure of the feasability of making anything pre-Hugo into something that will satisfy the building codes post-Hugo.
Although you may see a lot of stuff, it doesn't mean it is for sale, or it may be for sale at a nostalgic price since the property may have been in the same family for years. Also, I understand from several of the realtors that a lot of property remains tied up in probate for YEARS...so just because you find it doesn't mean it can be bought...I'm sure Alexandra would know of anything available and perhaps could guide you on "reconstruction" info.
There are many such houses on the island. We call them "blow outs". Some of the owners left island and haven't been heard from since. Unless the government seizes them for back taxes someday, they aren't available for purchase. People have tried tracking down owners but are rarely successful.
Other blow outs and ruins are owned by locals who really don't have any intention of selling them and might not ever get around to fixing them, either. Now and then one will show up for sale. Many are indeed in probate at this point and the families can't do anything with them until an eventual settlement is made. The more years that go by, the harder that is to do as the heirs increase in number and scatter further around the globe.
You will also see many properties on the island that you might think are hurricane damaged ruins, but they are really houses under construction in the island fashion. Locals often build in phases as they can afford to do things. They purchase the land, then start landscaping, the slab and cistern are next, eventually the walls go up, a roof might be a year or two or three later, and then the interior finish work can begin. Many homes are also built with a flat roof on the first level and rebar sticking up for a second story someday, so a family may be living in the downstairs of what doesn't appear to be finished yet. Most of these are not for sale, but now and then a partially finished home will be listed for sale privately or in the MLS.