The Super Official Homeowners Thread

[WRXtranceformed]

restored historic home values are also high. especially in land is involved.

around here, 15 acres and a restored historic farm house (with the modern goodies) is easily $1million after renovated. so if you don't have to buy in and put in $500k, there is still value there.

True, if you can find a buyer for it.  The way I see it, our land is significantly more valuable as it could be sold to a developer.  I don't see us going that route though.

If we do decide to build on the land eventually, value is not really the concern for me because hopefully at that point we will be building to stay and keep the family legacy going.  In regards to the manor house, it's more of a headache issue.  You're dumping a ton of money and time into a house and having to mostly still deal with the original layout.  For $500k, I could build a house exactly to our specs with all brand new building processes / energy efficiency and I could do it nearly anywhere on the property. Heck we've got enough fields that I could even build a solar field if we were inclined to

Like I said, it's going to be a long time because of the NoVA COL tax and because there is no high speed internet or reliable power during storms out there (both of which I need to do my job).