The point is it is EASY to spend big bucks on reno's. OBV the house was in total disrepair to buy it for $100. OBV it was going to be a money pit. As thr article demonstrates - Aspirings think they can "save" an old house and have no clue how much the saving and reno's actually costs. Not to mention the toll it took to their health and mental well being over years of working on the money pit. The article said it was nearly done, however and they ran out of money and into debt.
I am sure no one will be buying it for $100 or $1000 after 2 mil was sunk into the project. It's a big place.
And maybe I am wrong...maybe...just maybe there is romance in a john deere as so many men attest. tee hee As the wife, I would be saying "Come on, you are pulling my leg, a John Deere B&B!"
If they had gotten it finished, and for a lot less money, I think it would have made a beautiful B&B, just looking at the outside. If they did it 'right,' it could be set up to evoke that elegant feeling of times gone by. John Deere or otherwise. I just see so much potential in a place like that. But, obv, so much expense, too.
It sounds like there's more to the story than lack of money...there are also delays (deliberate or otherwise), permitting, inspections, etc. If they said the whole project should have taken a year, it cetainly sounds like they gave themselves enough time to get it done.
There was a similar style house up the street from me in VT. Always in dire need of a good paint job. When it was finally painted, it stopped being the 'haunted house' to the local kids, but painting cost the owner $45,000. There were days when 5-6 guys were out there sanding, priming, painting, repairing.
So, yes, renos ain't cheap, even when the house isn't abandoned.