When you are going to buy a house, I think it is important to buy the perfect place.
A mortgage lasts for 30 years and that is a long time to pay for something that you don’t absolutely love. When my wife and I were looking for the perfect house, we stumbled upon a farm that needs a lot of work. The farm wasn’t very expensive, so we had plenty of money in our budget to complete any repairs. We were happy to acquire the farm and all 25 acres of the property. The place has rolling hills, fields of soy and corn, three barns, and plenty of room for horses. We haven’t invested any money in horses because they can be very expensive, but a recent windfall has us checking out a couple of stallions. My wife and I called a contractor to install central HVAC equipment in the old farmhouse. The contractor told us that a bulk of the work would be installing new ductwork in the attic. The previous owner didn’t have any central air conditioning and we had to add all of the components and start from fresh. There were a few pieces of ductwork in the basement due to the wood furnace. It didn’t look like the wood furnace had been used in a very long time and we decided to get rid of the old ductwork. When the contractor removed the furnace ductwork, he found a book full of old stamps. We had the collection appraised by a dealer and we found out that it is worth about $60,000.