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Real Estate Question - Antique Log Cabin
Posted on 2/1/16 at 11:07 am
Posted on 2/1/16 at 11:07 am
I'm helping out a friend who's looking to buy a parcel of land that's 5 acres and currently has a 180 year old Log Cabin on it.
He would be building a personal residence on this property and has no use for the cabin and he doesn't want to restore the cabin.
Anybody have any experience with reclaimed wood and determining if there's any worth to the cabin and how to factor that into his offer on the property?
Since the cabin isn't in his possession he doesn't want to go directly to a salvage person who could potentially buy the property out from under him if it turns out there is enough value in the lumber.
He would be building a personal residence on this property and has no use for the cabin and he doesn't want to restore the cabin.
Anybody have any experience with reclaimed wood and determining if there's any worth to the cabin and how to factor that into his offer on the property?
Since the cabin isn't in his possession he doesn't want to go directly to a salvage person who could potentially buy the property out from under him if it turns out there is enough value in the lumber.
This post was edited on 2/1/16 at 11:08 am
4
Posted on 2/1/16 at 11:52 am to JB Bama
The value in an 180 year old log cabin is not in the lumber--it's in the historic nature of the building/construction. You don't give the location, but I'd be thinking of donating the cabin to a local history museum or similar historic preservation entity. It can probably be moved & relocated to a rural life museum, house museum, etc. where it would be a potential tourist attraction.
Posted on 2/1/16 at 12:29 pm to JB Bama
I went to a summer camp as a child abd we lived in real log cabins. The guy who ran the camp would buy them or get for free off of the old farmers, disassemble, relocate and re-assemble for use.
There's always that option.
There's always that option.
Posted on 2/1/16 at 12:33 pm to hungryone
quote:
The value in an 180 year old log cabin is not in the lumber--it's in the historic nature of the building/construction. You don't give the location, but I'd be thinking of donating the cabin to a local history museum or similar historic preservation entity. It can probably be moved & relocated to a rural life museum, house museum, etc. where it would be a potential tourist attraction.
Depending on the location, I'd think it would likely add something to the value of the property as is, and would probably think twice before tearing it down or even relocating it.
Posted on 2/1/16 at 12:38 pm to Y.A. Tittle
I would leave as is if its not in the way of the new home build. He may change his mind about rehabbing it later.
Posted on 2/1/16 at 12:47 pm to JB Bama
what condition is the cabin in?
when my parents bought their property, it had the original community post office from the 1800s still on the property
my Dad is a carpenter, so he wanted the lumber after he planed a few boards and found the heart of the lumber still in great condition
he talked to some people about what to do with the structure, since it did hold historical value within the community, but since everyone kinda forgot it was back there, they all agreed that it would be ok for him to tear it down and salvage the lumber
if you want to know if the lumber is still good, take it to a local carpenter and get them to run some of the lumber through a planer to remove the surficial rot and see the condition of the core of the lumber
when my parents bought their property, it had the original community post office from the 1800s still on the property
my Dad is a carpenter, so he wanted the lumber after he planed a few boards and found the heart of the lumber still in great condition
he talked to some people about what to do with the structure, since it did hold historical value within the community, but since everyone kinda forgot it was back there, they all agreed that it would be ok for him to tear it down and salvage the lumber
if you want to know if the lumber is still good, take it to a local carpenter and get them to run some of the lumber through a planer to remove the surficial rot and see the condition of the core of the lumber
Posted on 2/1/16 at 1:22 pm to JB Bama
he is going to have to deal with the cabin before he builds his home on the land. banks don't lend money to build homes on parcels of lands with homes on them. he will have to survey it off or take it down. Donate to a historical society
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