Virgin Islands Property Information Check List — Residential: A Comprehensive Reference for Prospective Home Buyers Introduction: The Virgin Islands Property Information Check List — Residential is a specialized tool designed to empower potential home buyers in the Virgin Islands to make informed decisions when purchasing a residential property. This resource serves as a comprehensive checklist containing all the essential factors and information that should be carefully considered before investing in a residential property in the Virgin Islands. Key Features: 1. Property Location: — Island: St. Thomas, St. John, St. Croix — Specific neighborhood or district 2. Property Type: — Single-familHOMom— - Condominium - Townhouse — Villa 3. Land Ownership— - Freehold (outright ownership) — Leasehold (long-term lease agreement) 4. Property Description: — Number of bedrooms and bathroom— - Square footage — Amenities (pool, garden, parking space, etc.) — Architectural style 5. Title Search— - Conducted by a certified title company — Ensures clear ownership history, no liens, or encumbrances 6. Property Condition: — Structural integrity (foundation, roof, walls) — Plumbing and electrical system— - Presence of pests, mold, or other environmental concerns — Maintenance history 7. Utilities— - Electricity provider and connection status — Water source (public or private— - Waste management services — Internet and cable availability 8. Zoning Regulations and Restrictions: — Residential zoninclassificationio— - Limitations on property use (e.g., home-based businesses) — Building codes and permits 9. Insurance: — Homeowner's insurance requirement— - Flood insurance (if applicable) — Insurance coverage cost estimation 10. Property Taxes: — Calculatiomethodho— - Annual tax amount — Any exemptions or incentives applicable 11. Homeowners Association (HOA) or Community Fees (if applicable): — Monthly or annual fee— - Services and amenities covered (security, landscaping, etc.) — HOA rules and regulations 12. Neighboring Developments: — Planned constructionnearrb— - Impact on property value and privacy Conclusion: The Virgin Islands Property Information Check List — Residential serves as an invaluable tool for potential home buyers in the Virgin Islands. It ensures that buyers are equipped with all the necessary information to make an informed decision while evaluating residential properties. By attentively examining each item on the checklist, buyers can confidently choose a property that aligns with their needs, preferences, and budget, eliminating potential surprises or setbacks in the future.