What my husband and I are taking on does not make good economic sense. Being real estate professionals, both of us are trained to recognize the "Highest and Best Use" of a piece of property.
Recently we had a comprehensive appraisal of the property done. The firm we hired is the most experienced and well respected in our area.
It was absolutely no surprise to see the recommendation
(the highest and best use)
Hire a demolition company to remove all structures. Petition for a reduction of real estate taxes. Wait for the economy to turn around, and sell the property to be developed commercially.
Instead, we are going to fully restore the buildings, gardens and move into it with our young, growing family.
The reason-our children will be the 7th Generation to enjoy the property.
Are we exceedingly wealthy? Nope.
Do we have loads of free time on our hands? Absolutely Not!
Well then you must be unhappy with where you currently live. Actually, we adore our quaint farm home. 5 years, countless hours of "sweat equity" we have just about gotten to the point we can relax and enjoy the million dollar views.
Are you nuts? No Comment.
Recently we had a comprehensive appraisal of the property done. The firm we hired is the most experienced and well respected in our area.
It was absolutely no surprise to see the recommendation
(the highest and best use)
Hire a demolition company to remove all structures. Petition for a reduction of real estate taxes. Wait for the economy to turn around, and sell the property to be developed commercially.
Instead, we are going to fully restore the buildings, gardens and move into it with our young, growing family.
The reason-our children will be the 7th Generation to enjoy the property.
Are we exceedingly wealthy? Nope.
Do we have loads of free time on our hands? Absolutely Not!
Well then you must be unhappy with where you currently live. Actually, we adore our quaint farm home. 5 years, countless hours of "sweat equity" we have just about gotten to the point we can relax and enjoy the million dollar views.
Are you nuts? No Comment.
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