contractors on STX

I am not sure if he does it all but call this guy:
Jack Gilbert
A-REALITY CHECK
LICENSED HOME INSPECTOR (2-2019450-2006)
TEL: (340) 719-2760

He did some work in my condo and was really good.

Good luck!

thank you, I will try him. Any others out there?

Hi Terry,
Have you bought a lot to build on STX? I'm considering it too. I would love to hear your experence. Sorry, I have no answers.
Good Luck! - congasan

No we have not purchased one as yet. We are talking with Alexandra, ( the best realator to deal with IMHO). We still can't decide if we want to buy a lot now, to build on later, or buy a house later. We own a condo now.

good afternoon,
sorry, i don't have the answer to your question either, but i am wondering about your condo...do you live in it year round or rent it out? I'm considering buying a condo as an income generating unit and am wondering if it's profitable. appreciate any info. thanks

Ben it will not be as profitable on stx as it would on stt. You will most likely break even but our touristism is alot lower here then on the other islands. Breaking good is pretty even if it covers the mortgage and the assc dues as they tend to be high as they include the hurricane insurance. Your equity will go up with a condo here so you will make money that way. Of coarse it depends on which condos you are talking about buyin as well. Some rent easier (and for different reasons) A place like villa madeleine while expensive is what most people picture of a perfect caribbean bungalow. While others may be on the beach or be better for a family. But bottom line is the slow season is slow here and while you should be rented in peak season in the off you will have empty months. If you really want to guarntee a profit off of it you have to rent it out on a yearly basis as opposed to a weekly basis. And that is pretty easy to do.

thanx betty. in reality i'm not looking to make any kind of killing, just find something that will provide me with living income. i'll probably have around 125,000 to invest. i know this is probably the lower end of the real estate scale but i think it may work for me. any other info you might have would be greatly appreciated. thanx

yeah I guess that was what I was trying to say you will break even or make a small profit but not enough to live on. but you will gain equity. To make a living you would need more money to invest....at the very least if you had more money you could buy a house with an apt, live in the apt and rent the main quarters. Live for free and maybe even make a little extra. A very large percentage of houses have apt attached to them.

jack is no longer on island, as he is pursuing another adventure.

finding good contractors is almost impossible. i've gone through so many in the past year and a half, it's rediculous. i wish you luck!

No we are only there a couple of months a yearn, for now. No we don't rent it out. When we were looking for condos with Alexandra, she showed us some that were for sale that were rentals and then for sale. Some renters just don't take care of your property. They were just all tore up. Had we not found the one we bought, it had never been a rental, we might have bought one of the others and rented it out. Then when we were ready to move down there, we could have redone the place. The one we bought was IMHO too nice to rent out.
The condo next to us is a rental. In November when I was there for a month, their were 6 people cramed into what should have been a 4 person condo at most. They had torn the screen door off as well as the jam of the slider door.
I'm sure that not all renters are that way, but we just don't want to take that chance.
If you are looking for it to be an investment, it might be a different story. If so get with Alexandra. We are going back down in three weeks for a month, and we are getting with her to look at houses. If we buy one, we will rent it out and then figure on redoing it when we move down.

On STX Hovensa is always looking for condos to rent for contractors they have working on various projects. They pay top dollar. It is cheaper than putting contractors up at the Divi. At one time thye had as many as sixty rooms rented there.

If you have a nice unit you can rent it for the season to snow birds.

Jim

The rental market is very strong. You can definitely make some kind of profit, especially when renting to a company like hovensa or its subcontractors but it will in no way be enough to live on. You would need a larger multi unit for that or own many condos.

Does anyone know who to contact to have your condo considered as part of Hovensa's pool?

Thanks!