Wow, been a busy couple of weeks. We had a couple of decisions to make about
the homestead. While our main goal of
building a house on our 40 acres has not changed we needed to decide if we do
it right away after retirement when we feel we need to rush it or of we be
patient and wait a bit. The more we looked at what we needed to do
the more we realized that it would be very difficult to do most of it before we
actually retired and that would have basically cost us the first year of retirement
and it would have been very difficult to get started on the aspects of the
homestead I was most looking forward to, the livestock.
At that point, after some feedback form the in-laws we
decided to start looking for some properties with a house already on it that
was relatively close to our property. We
soon found one about a mile from the property, it was a 3 bedroom, 1 bath with
a great looking barn. The house itself
was pretty small but it did sit on 6 acres.
The issue, the house was ok, but the amount they wanted for the house
was just so far out of reality to what we felt the property was worth. The price was high enough we would need to
take out a mortgage and we just were not willing to do that for that
house. It was by far the most convenient
house but it was overpriced by about 70k!!
We then looked at a
second property, it was a little further away but had a bunch of great out buildings
already including a great looking red barn!
The house was a two story house and pretty nice looking but I really did
not like the kitchen on the second floor.
I also did not like the shape of the property, while it had decent acreage
it was not really set up for efficient use and would have had a lot of wasted
space. The current owner had only had it
one year and after looking at the purchase records it was priced close to what
he paid for it, after he would have had to play closing cost I do not think
there was more room for a deal and I was not willing to pay that price for a
house again I was not in love with. The
garage was a couple hundred feet away from the house and I really want not
looking forward to making that trek in the Minnesota Winter!
The third and last house we looked at was way more house
then we needed, including the unfinished basement over 4,000 square feet! But the land was almost perfect for what I
was looking for. It sat on a little more
than 8 acers with multiple out building, including a heated workshop, a two
horse barn (that will work well for a goat house, or large chicken coop), a
small chicken coop, a 20X24 building that is currently being used for storage
and a large equipment barn (that does leak!).
The property was already fenced off into a couple of large pastures, one
of which included a small pond. The house
had a very awkward layout, but it did have a large spacious kitchen we were
looking for. We also preferred a main
floor master bedroom and the master in this one was on the second floor. It
was also the only house with a full basement, one that would be perfect for my
root cellar! Of all the houses we had looked at this one was the closest one to
being priced appropriately.
When it was all said and done we decided to make an offer on
the third house. It was the most
expensive of the three but it was the one closest to being “turnkey” for a
homestead, when we retire I can pretty much go straight on homesteading while
we continue to get the main property ready. After an offer and a couple
counters we finally agreed on a price I think we were both happy with, or at
least content with! This property is set up enough where we can keep the livestock
on the 40 acers for spring through fall and move them to the homestead for the
winter. The main issue was this
property is about 10 miles on un improved roads from the mail property. On the flip side this house is on the state
highway which will make trips to town much easier! Here is an over head picture of the property. The previous owners as a barral racing course on it in the north west corner. Not sure what I will do with that area yet! Well, one stop closer, should close in September!
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