Considering the prices for some Dallas homes, this looks like a bargain⌠Now, how to got $5.6 milâŚ
Not when you find out how much it will cost to maintain, repair, and heat it.
Iâm not seeing many outlets. Does it even have Cat 6 in the walls? What are the chances theyâll get Google Fiber in the area anytime soon?
/perfectly reasonable expectations
I think Iâd enjoy making a place like that my hobby. What do you spend your money on?
and the wifi/cell coverage must be a mess with the stone walls
Itâs a Ludditeâs dream home.
A) I spend my money on motorcycles.
2 - I have a friend in France who bought a Château under the same illusions, and she is now broke, miserable, it ruined her relationship, and no one in their right mind will buy it from her even when she offered it at a significant loss. So she is stuck with it. But hey, go for it!
You just need to loan it out for a music video when you have a bill to pay.
Or charge the plebs to come look around. But then you arenât even living in your castle, just an apartment on the top floor.
See every stately home in the the UK.
Maybe put in a safari park?
ETA:
Thereâs never been a shortage of people who will say âyou canât do thatâ and give examples of people who have failed. They are usually a good indicator that if you do the impossible thing, your rewards will be great.
Youâd think that the photographer would spring for a tilt shift lens to sell a 5.6 million dollar property, But NoooâŚ
That kitchen must go. Nothing like a bad remodel to bring the price downâŚ
So, this beautiful castle in France is $5.6 million, but itâs $20 million for the right to use the name, âRadio Shackâ.
Sometimes, the absurdity of it all is just obvious.
This example is probably an impossible dream for most of us - but the price of older country houses that are more modestly sized is absurdly cheap in rural France. There are many reasons for this, but if you start looking at 3-5 bedroom historic houses in small towns you will soon be constructing all kinds of escape fantasies in your head (as I do).
Seriously, there are dozens of nice farmhouses and âmaisons de maĂŽtreâ all over France for less than the price of a 1-2 bed condo in most large cities in the US.
cool, let me know how it goes then!
Sure, Iâll just keep looking for that $5.6 mil.
But this is not something obscure that nobody has ever tried properly. Castles, and even castles for sale, are not that rare. This one is nicer than most and thatâs why it has a non-trivial price at all. Castles can work as hotels or similar although that is often controversial. As residences they are gigantic money pits. Most have been in the same family for many generations and are white elephants maintained out of a sense of obligation. Some are owned by the super rich who donât mind the enormous cost.
And itâs also something many people have been successful in doing. Being aware of those who fail and why they did so is very important. Focusing on failures as the expected outcome doesnât seem like it would get us anywhere. I imagine a world of frozen neurotics would result from everyone thinking like that.
Iâm sure Iâve made it clear I do not have the means to buy such a property. Neither am I so innocent as to think restoring an old property such as this would be simple or even have an end to the toil.
That said, there is a world of no out there. Listening to the naysayers gets us nowhere. As a young man, my father bought an old cotton plantation home that was classified as condemned. He was in his 30âs, right out of the service, and had very little money. The people who said he was foolish were too many to count. The ones who supported him were few. It took him 10 years working every free hour after work to bring the old lady back. In the end it was beautiful again. He began construction on a new home as the old one was nearing completion. As the new home was finished he sold the old lady and was able to completely pay off his construction loan. He did this working as a maintenance man for a food processing company. He may have never been rich, but he always had a hobby - a hobby that provided his children with 2 lovely homes which also taught us how to do for ourselves instead of paying others to do it for us.
I learned that hard work and the ability to laugh at those who say no are tools to keep clean and sharp. I also learned that the high cost of maintenance is largely the cost of skilled labor. If one is inclined to maintain a property such as this, one would be wise to first ensure they also posses the skills necessary to take care of it. This would be in stark contrast to the idle rich who pay others to do the hard work for them.
Basement a little damp?
After spending $5.6 million, whatâs another 100k or so for rewiring?
Iâm sure there are a few secret passages that can be exploitedâŚ
