Here we go. Four acres with an old farmhouse in poor condition. 40x80 shop built from Texas oilfield pipe in the 1950's. Shop has original metal on it. Concrete foundation then I-beam sill with shop on top of that. 2023 wildfire burned all trees and vegetation and a lawsuit settled almost what I paid for the place.
No insulation but has a permanent panel but temporary circuits. I think structurally the foundation and steel is fine but who knows.
So what do I do now?
1. I've had a estimate to replace all the shop metal and that was more than I paid for the property. There's no patching this up, it's 100° inside in the summer and without the heaters running all the time in the winter it's cold or noisy.
2. Can I do the metal work myself? I think about this and yes I'm physically capable but do I want to? I see no less than a $100K budget if I do the work with rental equipment and materials myself. I could probably get 80% of all the needed repair, metal, windows, insulation, electrical hvac etc. I think doing the roof would be the hardest part.
3. Do I want to sink $100K into this place? Location location this isn't. It's an hour from my main residence. Buying/building in town just for a small lot (no acreage) would double that budget. I've searched for shops for sale and most are in undesirable locations. I set aside the $100K budget but can't decide what way to go.
4. Ideally having the farmhouse livable would be a plus.
That's all for now.
No insulation but has a permanent panel but temporary circuits. I think structurally the foundation and steel is fine but who knows.
So what do I do now?
1. I've had a estimate to replace all the shop metal and that was more than I paid for the property. There's no patching this up, it's 100° inside in the summer and without the heaters running all the time in the winter it's cold or noisy.
2. Can I do the metal work myself? I think about this and yes I'm physically capable but do I want to? I see no less than a $100K budget if I do the work with rental equipment and materials myself. I could probably get 80% of all the needed repair, metal, windows, insulation, electrical hvac etc. I think doing the roof would be the hardest part.
3. Do I want to sink $100K into this place? Location location this isn't. It's an hour from my main residence. Buying/building in town just for a small lot (no acreage) would double that budget. I've searched for shops for sale and most are in undesirable locations. I set aside the $100K budget but can't decide what way to go.
4. Ideally having the farmhouse livable would be a plus.
That's all for now.

