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UER Forum > UE Main > Buying an abandonment? (Viewed 3259 times)
Salty Trees 


Location: Utah
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Buying an abandonment?
< on 12/5/2014 1:05 AM >
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Would you ever be willing to buy an abandonment? What if you knew your favorite spot to explore was going to be torn down, would you then be willing to buy it if the price was right? And what would that price be? What is the most you'd be willing to pay for an abandonment?

Personally, if I was a very wealthy individual I'd love to go out and buy some abandonments if they were cool enough. I'm not entirely sure what I would do with them, but I know that I'd make sure they weren't torn down lol. I'd probably just keep them abandoned so others could continue to explore. As long as it doesn't turn into a crack house or something of the sort, I'd have no problem letting people go inside and take pictures and explore.

What do you folks think?




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Darkwolf 

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Re: Buying an abandonment?
< Reply # 1 on 12/5/2014 1:38 AM >
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I bought one.
Explored it.
Took pics.
Tore the bitch down!

I now have a nice 5 acre field




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turtl 


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Re: Buying an abandonment?
< Reply # 2 on 12/5/2014 1:46 AM >
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Posted by Darkwolf
I bought one.
Explored it.
Took pics.
Tore the bitch down!

I now have a nice 5 acre field


I explored your field. It was pretty cool.




Darkwolf 

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Re: Buying an abandonment?
< Reply # 3 on 12/5/2014 1:48 AM >
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Posted by turtl


I explored your field. It was pretty cool.


It is quite nice!




*Best Post Ever* any meetups to go to the malt plant? I'll join and be the first one over, so you know I'm not a cop. Also I'll bring beer. *DO NOT MESSAGE ME WITH ISSUES. PLEASE USE CONTACT A MODERATOR*
Steed 


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Re: Buying an abandonment?
< Reply # 4 on 12/5/2014 2:08 AM >
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Posted by Salty Trees
Would you ever be willing to buy an abandonment? What if you knew your favorite spot to explore was going to be torn down, would you then be willing to buy it if the price was right? And what would that price be? What is the most you'd be willing to pay for an abandonment?

Personally, if I was a very wealthy individual I'd love to go out and buy some abandonments if they were cool enough. I'm not entirely sure what I would do with them, but I know that I'd make sure they weren't torn down lol. I'd probably just keep them abandoned so others could continue to explore. As long as it doesn't turn into a crack house or something of the sort, I'd have no problem letting people go inside and take pictures and explore.

What do you folks think?


It would be ridiculous to buy an unused building and keep it in state. Maybe restore it or flip it or hold onto it for real estate speculation, but owning an abandoned building is not some badge of honour.

And if I had any abandoned property, I wouldn't let trespassers inside. I'd likely be very open to giving permission, depending on the circumstances, but in case of accident, you don't want the risk of being held liable.




Vampirequeen 


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Re: Buying an abandonment?
< Reply # 5 on 12/5/2014 2:13 AM >
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One of my more expensive goals in life is to buy an abandoned house, restore it to its original appearance, and live in it. I'm not sure if it will ever happen because of the money that will have to be spent for the restoration.

Call me crazy, but I even have the house picked out. I don't think it will be standing when I can afford to buy it, though.




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Abby Normal 


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Re: Buying an abandonment?
< Reply # 6 on 12/5/2014 3:52 AM >
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Buying an abandonment would be just plain crazy.

Oh wait, scratch that last remark.





While we don't technically own it outright, we do own the mining rights to it.

Abby Normal




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JKuhnss 


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Re: Buying an abandonment?
< Reply # 7 on 12/5/2014 8:34 AM >
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I honestly would never buy an abandonment and just leave it in it's current state. I would just feel weird about paying huge sums of money to keep a place in its ruined state. It's like I'm paying money so others can explore, no real winning side on my end.

I play paintball so I suppose if I actually had the money and found a nice sized property with a large building or many small buildings, I'd work on making it safer and turn it into an urban paintball arena for me and my friends. Or hell even make a paintball business out of it. A paintball place near my area makes huge amounts of money off of what they do.



[last edit 12/5/2014 8:38 AM by JKuhnss - edited 2 times]

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jonrev 


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Re: Buying an abandonment?
< Reply # 8 on 12/5/2014 11:30 AM >
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THIS BUILDING...




...if given the opportunity I would've bought it in a heartbeat and restored it. Don't know or care how; crowdfunding or lottery or what, I would've found a way.

The hole in the ground that's now there, instead, makes me sick to my stomach; and I don't want to think about the soulless mass-produced turd that will eventually replace 130 years of history.




[jonrevProjects] | Flickr flicks | @jonrev wherever
Freak 


Location: Usually Alaska, now MSP.
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Re: Buying an abandonment?
< Reply # 9 on 12/5/2014 2:46 PM >
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While it's a fun idea, it's one of those things that has a LOT of complications

I've worked in real estate, and have seen some pretty interesting properties pop up. Large companies have entire research departments devoted to learning as much as they can about properties before buying them, because there are so many factors that can determine if it's profitable or even possible to restore.

Some of those factors are:

-Environmental issues. Once you own the property, you become liable for anything installed, dumped, burned, or leaked in the past. It can be ridiculously expensive to clean up if regulators find something nasty (in some states/municipalities, if an inspector sees so much as a rusty 55-gallon drum anywhere on the property, it's blacklisted).

-Local codes: Some municipalities are harsher or more lenient about appearance and condition. In places like East St. Louis you could probably run a daycare out of the front while the back of the building is on fire. In places like Saint Paul you might have to go through a lengthy application process, bring ancient mechanical systems up to modern code, post a performance bond, and get all your neighbors to approve it before you can so much as park a vehicle on the property. And if you just want to let something sit empty, they charge you a yearly "vacant building fee" as well as property taxes.

-Historic Designations: These can be great for buildings, but can ruin an owner. They impose lots of restrictions on what you can and can't do with a property. Around here, National Historic Register buildings tend to suffer mysterious fires if they're holding up development. I know a few rural property owners who have straight up told the government they'll bulldoze their buildings if a historic designation gets started.

It all comes down to "do your homework". If someone wins the lottery and wants to buy an abandonment, make sure to find out what it entails and what state and local governments will let/make you do with it!




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fiftyone_eggs 


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Re: Buying an abandonment?
< Reply # 10 on 12/5/2014 4:54 PM >
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A few years back I bought a condemned house that looked pretty abandoned. Fixed it and flipped it. It was the beginning and end of my house flipping career.




sirpsychosexy 


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Re: Buying an abandonment?
< Reply # 11 on 12/5/2014 5:24 PM >
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I've been in this bed&breakfast in France. Some Dutch people decided to buy a castle and some associated buildings, with a HUGE stretch of land including HUGE lake and a forest, for an incredibly low price. They made their home and the hotel in one of the buildings but left the castle and the other buildings unrestored. They make sure it's locked but give tours to people who sleep there.

Now this is a thing I would do and in France it's perfectly possible because the land is so cheap. It's done often but most people restore ALL buildings on the premise. It's way cooler to leave half of it unrestored!

Pictures of it are here: http://www.basdemo...-castle-in-france/




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KD20 


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Re: Buying an abandonment?
< Reply # 12 on 12/5/2014 5:46 PM >
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There are a few abandoned second empire houses scattered around Ohio. I would love to buy one, restore it and live in it. Doubt it will ever happen but it's fun to think about.




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Eagle_Crow 


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Re: Buying an abandonment?
< Reply # 13 on 12/5/2014 6:02 PM >
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I found an old farmhouse years (like 25+) ago that I would have killed to be able to buy, it had so many unique features, double wide stairs, twin living rooms on either side of them, servants quarters with a spiral staircase in the back of the house. Place seemed very solid and no vandals or taggers had been in it, pristine but empty.

Tried to find out who owned it, had no luck with that, but then again had no money either at the time LOL.

Wish I had pics, back then film and developing was more money than I had to waste...love having a digital camera now...man I feel old




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