Benefits of Purchasing an Old Homestead

| 1/9/2017 2:05:00 PM

Bobbi PetersonOld homesteads are increasing in popularity, for good reason. Their construction is a known quality, and they can serve many purposes for an eclectic family. They also offer homeowners a path to self-sustainability.

If you have dreams of farmhouse sinks, planting your own herbs, or chasing your children in your own rolling fields, you might want to consider purchasing an old homestead.

Benefits of Purchasing a Homestead

Here are some benefits you can look forward to with a homestead:

1. You Have the Ability to Make It Your Own

Have you ever walked into a newly-constructed home, only to be put off by the color of granite they chose for the countertops? How about the beautiful walnut cabinets that don’t fit with your all-white aesthetic?

What about the surrounding area — have you wanted to build a barn but just don’t have the room? With a homestead, you can make the inside of the home your own, as well as the home’s surroundings.

If the property does come with extra buildings, they are just waiting for your customizations. Not a farmer, but have a silo? Imagine the unique, Airbnb cottage or dream playhouse you could create for your children or potential tenants. Old homesteads are gold mines for those with endless dreams.

12/15/2017 12:46:22 PM

What an inspirational story! Thank you for sharing :)

12/15/2017 7:39:09 AM

Started over in life at age 64. Only SS for income after stock market crash. Found an old farmhouse on an acre in a small Oklahoma village. The "for sale" sign was written with white shoe polish on the one window with glass. I assumed the loan with no down and only a lien against the property by a financier. But everything is in my name-deed, taxes...NO Contract for Deed for me. The house had been gutted due to a fire 5 years earlier. Hadn't been lived in for 5 years. Missing windows, tree branches growing through the glassless windows. Busted old water pipes and all electrical wiring stripped. But, the foundation was firm. The roof had handmade shingles underneath a warped leaking metal roof. And the price was $12,000! I tell everyone that I bought the acre and the house was thrown in with the deal. Over 3 years later I have the 4 front rooms almost finished. Trim work and paint lacking. I lived in a 9 x 13' bedroom with a visqueen ceiling and walls for 2-1/2 years. Only insulation was in that room. The rest of the home had just outer walls and roof. Two electrical plug ins and only a toliet plus shower for bathroom and water. No hot water. In the winter I heated it in a pan on a 2-burner hot plate. Then mixed it with cold water to take "showers". Cold showers in the summers. Only visqueen over my window frames. My wood burning stove could only keep the temp 5° warmer inside. And Oklahoma gets a LOT of below freezing winter temps. The worse parts of just surviving are finally over. Central air and heat this year replaced my wood burning stove. Real windows and insulation are in every room. New gas lines and new water lines are installed. Gas lines are now allowing me hot water, central heat, & a gas cook stove. AND my home pays off in Dec 2018!! MINE. ALL MINE! This type of project is NOT for the faint of heart. Nor for anyone in a hurry unless you have more income than just SS. I still have to replace part of the roof. 5 different tries of repairs failed. My back door is standing with no solid frame due to the fire. And there is STILL the spookiest storm/root cellar that I have YET to enter. As my Army tough son said, when I ask him to go down and check for varmin or bodies, "Ma. I would have to have a BIG stick with me to go down in to it. And they don't MAKE sticks big enough for that!" I wish for all of you wonderful readers to find your paradise. And to have big enough sticks to survive it.

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