A Planned Acquisition
We’re trying to acquire a 6-acre property adjacent to our homestead. The property includes a roughly 1000 sq ft house (currently under renovation) and a large workshop.
This property is owned by the person from whom we bought our farm. At the time the house was occupied but renters but they have been evicted and now the owner is repairing the considerable damage the renters did.
I visited the 6-acres and walked through the buildings on a visit on 25 August. We would have preferred to acquire the unimproved property and build equity by fixing up the house, but were unable to make that happen.
While we wouldn’t want to live in the house long-term, it would allow us to stay on the farm when we visit. We’d have shelter, electricity, and plumbing (but no high-speed Internet).
We’re hoping we’ll be able to come to an agreement acceptable to all parties (including the bank).