It was an odd bit of irony seeing this place on the market: my old dojo, where I took karate for about four years. My sensei was winding down, and had bad knees, so he decided to close up shop this past September. When I was going to the school, there was the main room, the side room (where the alternate entrance to the school was), and a couple rooms in back. This time, he had also added on a closed-in addition to the main room (there was a toilet and sink in there). Three rooms had been added in the back, and a second-story one-bedroom apartment put on top of the roof.
I'll give one thing for my old sensei...he builds solid. But, holy hell, the construction is rough. The toilet off of the main room was enclosed, and was in a two foot by three foot "closet." He never bothered to put a proper ceiling up (anywhere!), so you could see the insulation overhead. Over the toilet, though, it had sagged and torn apart in places. The insulation, as well as the floor underneath, were (and still is) wet. There was a leak in the roof.
My partner and I, after going through everything, decided it would be a good fixer-upper opportunity. At $29,000, right on the water with 1 acre, it was a pretty good deal. We (well, I) signed the paperwork today. In one month, we close. We intend (and my old sensei allowed it) to start remodeling right away. Our budget is tight, though. Only 18 months ago I had to file for bankruptcy, so getting a loan to buy the materials we need will be challenging at best. I figure with the money I can save from my paycheck, the place should be complete in no more than three years.
Eek.