- May 22, 2008
- Reaction score
I have thought about it once and a while and I think it would be a great project to rehab one. I think its great that some folks are willing to take on preservation as part of thier business. My enthusiasm for what we did is mostly because we were able to keep our overall costs at a level that would allow us to get started and then make a living at it. If we sell and are looking to reinvest in another inn, our age may favor looking for an existing property.There is a place for newly-built B&Bs but there is a lot to be said for keeping a historic property well-maintained and in the public provenance, as well. A very large part of the appeal of owning a B&B for me comes from living in a historic home and maintaining it in such a way that there isn't a risk of it being lost through neglect or disrepair. Renovating an old house takes a special kind of love and care.I wish more folks could take a swing at building their own.We built ours from scratch. Our house existed but the idea for the cabins was not hatched until several years later. We did a short term loan to help purchase the cabin kits and paid that off with what the cabins generated within a year. Of course sweat equity helped a lot. We did all the construction ourselves (with the exception of some plumbing and some electrical that were beyond me) so that saved a lot of money. If we had paid people to do all the work we would probably still have a loan associated with it..
We have bought another very small house in town that is 100 years older than our inn, just down the street. It is essentially two log cabins put together to form one very quirkly small house. It is believed to be one of the oldest, if not the oldest, structures in town, built circa 1755. We bought it to move into and work on when we sell the inn. I'm really looking forward to that project but I think DH isn't so sure.knkbnb said:I have thought about it once and a while and I think it would be a great project to rehab one.