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   RM> we split the property and my   
   RM> brother, my sister and I kept one side with 1.25 acres and   
   RM> 3 cottages and we sold the other side with 1 acre of land   
   RM> and 2 cottages for just over $400,000 by then.   
      
   AA>So.. how are the other two cottages doing in terms of condition   
     >and upkeep?   Maybe rent them out for people who want to   
     >"rough" it a bit in the woods.   
      
   They are all kept in decent condition but they are all in use by   
   us so we don't rent them out, although with the cost of rentals   
   here these days it could be tempting. In season around here they   
   get over $4000 for a weekend for a small cottage in a crowded   
   resort with very few extras other than the building itself and   
   maybe docking if you have a boat, and boat rentals for extra$..   
      
   RM> Now, another 18 years later, a recent estimate of value I   
   RM> got last summer from a property manager in the area said   
   RM> our property here is now worth roughly $1.2 million   
      
   AA>I am dubious of others coming up with property values like   
     >that.  Afterall, the real value of a property is measured by   
     >what someone is willing to pay, and not necessarily some   
     >imagined value.   
      
   I wouldn't trust the numbers before attempting to sell the place,   
   not that that's likely to happen, but a couple of inferior lots   
   just a couple of thousand feet away from me sold with no buildings   
   on them for well over $700,000 8 or 10 years ago and my main   
   investment guy (Assante Wealth Management) who lives within 20 or   
   so miles of me, so is familiar with the area, had put a value on   
   this lot of $900,000 about 5 years ago, and this year when we did   
   an assets update I used that same figure and he laughed at it and   
   said not anymore, it would be quite a bit higher than that after   
   the big increase in prices during the Covid years.   
      
   I'll likley never know though because my niece expects us to   
   leave the place to her when we die. We bought the place the   
   year she was born so she's known it forever and between me and   
   my brother and sister, she was the only child so she will likely   
   get her wish.   
      
   Actually, to clarify the current situation, my brother had health   
   issues and subsequent money problems a while back and he sold his   
   share here to my sister so she now owns 2/3 of the property and I   
   have a 1/3 share and she lets her daughter and family use the 3rd   
   cottage as if it were her own already.   
      
   It's changing the area though. In recent years people are paying   
   close to a $million+ for a lot and then building a 6000+ square   
   foot 'cottage' on it costing them another $1.5 or $2 million.   
   And it should be obvious that the nicest lots to build on were   
   the ones sold first many years ago, although the new lots to   
   qualify for a building permit are much larger than they used   
   to be. Now you have to have minimum 2 acres and 100 meters of   
   frontage and you can only build one cottage on it, and a 'bunky'   
   (no bathroom or kitchen) for some added sleeping space for your   
   overflow guests.   
      
   Our place is grandfathered in that there can be 3 full cottages   
   on it and they can be rebuilt or replaced as needed which would   
   add a lot to the value for the right buyer.   
      
   ---   
    * SLMR Rob  *  *NEWSFLASH*  Dyslexic Occultist sells soul to Santa   
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