I agree... of course it’s everyone’s dream living in a house this big with rooms for everything you could want, but realistically it’s not a good idea unless you’re already rich and have money to spare on utility bills and maintenance, not to mention all the extra space that will be completely unnecessary like the entire third floor that’ll just be collecting dust. With 35 they could have bought something much nicer (smaller of course) that’s already livable and has all the things they wanted.
Yeah, this is gonna be so expensive to keep up. Even if she tries to sell it later on, she’s gonna have to price it well over the cost she bought it plus renovations to make it worth while, otherwise she’ll have spent millions of dollars and soo much time that she won’t be able to get back.
Imagine sitting in a classroom thinking:" One day I'll buy this building and turn it into my personal residence. I'll hire all the schoolmates and faculty I hate to clean it for me and mow the lawn. I'll show you...I'll show all of you."
When I was bored in class are used to redecorate my classrooms in my mind that made them all into bedrooms or some thing. It did not help that’s the third floor of my school building hardwood floors like a house. Lol
Not being a millionaire myself the only way I can see this working is to refurbish each room/s into a working apartment and then rent it. Then move to the next with the income the previous provides until the whole thing is done and what's cool is you'll be providing work for probably the next decade in that community as well as a nice place to live.
They can change the building into condos or apartments. This is what they did with the Crucible Pencil factory in Jersey City, NJ. It is called Dixon Mills look it up they did an awesome job.
I'm afraid they would have better luck making it into a personal dwelling then rentals, what with zoning, safety regulations, utility restrictions, permits, inspectors, access requirements, etc. I thought of that as well. oh, not to mention insurance.
Yeah, then all it takes is some piece of shit governor extending the eviction moratorium for a year and then you have freeloaders living under your roof. I have a friend that owns a couple of rental properties as a supplement to her retirement. Hasn't seen a dime in rental income since March 2020 and likely won't for 2021. She's on the verge of walking away. I've offered to torch the places for insurance ( half joking) but it was a hard pass for her.
Don’t feel bad she’s a a moron any project manager would tell you those figures have to be determined before the work starts. That’s way too much wiggle room. She’s a dumbass it’s not gonna work at all
I had a friend who lived in a school! It was a really nice, beautiful school, in a building hundreds of years old, with massive paintings and murals, and dark oak banisters. It was amazing. His dad was the chef at the school, and his family was the only family that lived there (all the teachers, principal, etc all lived elsewhere and commuted to work). It was a French Lysee, so maybe it’s a French thing for chefs to live at some schools. I don’t know, but it was amazing! We could hang out in all the classrooms and playground at night, and we used to climb up on the roof and look out over the city. It was really cool. (Edit to fix a couple errors 😊)
Dodge Apache Yeah, it was really cool! It’s in a really posh part of town, too, and is right across from a huge museum - when we climbed up on the roof at night, we could look out over the museum, and the whole city behind it, and it was so incredible! 😊
This would make the perfect sanctuary for families facing homelessness. UPDATE: I am in no way shape or form saying how she should spend her money. It’s none of anyone’s business what anyone purchases. So please understand my comment isn’t about her, it’s about the property. Think before you speak guys.
My thoughts exactly! They are doing this same dumb shit in my city instead of trying to make places for homeless people to stay and get on their feet. I don't understand it.
@@niasmith9197 I agree. I mean if I had 10k a month to blow, Id be helping some people have shelter. This chick can do as she pleases...but there is a time to shine...if you know what I mean.
Lol can you imagine living here as a kid? " Your grounded! Go to room D-34!" Edit: Holy crap did this comment gain likes. Thank you everyone! 2.2k is my most liked comment 😀
My husband and I met a couple who purchased a school in Northern MI and turned it into their cabin, so to speak. Kids loved it. Big gym. Ride your bikes in the hallways on rainy days. I don’t think they did a lot to it. Probably fixed a portion of it for living area and had fun in the rest of the building.
She's very clever ... There's a "LOT" of money to be made from grants if she remodels but DOESN'T TEAR DOWN THE EXTERIOR WALLS !!! Five to Ten years, she said, getting a $250,00 grant each year......She's one smart cookie
Google it. Government gives different types of grants based on your need for starting businesses, research, education, etc. Some are free and some have to be repaid.
That’s what I’m scared of I would do this but there are so many doors windows and people could easily get in. If I were to ever do this I probably would go for something a little smaller.!!!
Had a 6000 sq ft home, and hated it for this reason. I felt like someone else could be living it in with us, and I wouldn't know it. I like to keep it < 3000 sq ft.
Well if marketed right that school/house/wedding venue/office/community center can be set up to pay for itself... I would suggest getting solar panels too 💡
@M J Im going to let you in a secret widely known in the financial circles. The housing market is about to crash in the USA again, a combination of global warming, the virus and investors moving overseas has massively driven up housing prices and interest rates. Eventually the demand for housing will increase to a point where the government is forced to step in which means the banks will be dumping shares to lower everything back down to a point that is manageable. Your buying housing at the wrong time, wait till the market crashes then buy everything for pennies, this is how tens of thousands of people profited off the 2008 financial crisis. I've heard stories of investors literally buying up entire neighborhoods and doing nothing with them then dumping them 10 years later for a ten thousand to one profit just on land value alone.
@@jamesholt7340 provided she goes that route. From the way she talked it didn’t sound like it but you never know! There’s always the permits and inspections but it doesn’t seem like that would be too difficult after spending all that $$ on buying the place!
A dream home , good woman getting the community together and hiring those from their local community that had the guts to come ask for work . I love this woman 😄 lol I would be there all the time helping out 👏🏼
I was able to walk through here as a tour for a work conference last year. She has some really good ideas for the bottom half if she rents out and uses the Space for public use, she can find grants to help. I know she had designed a room for her yoga.. she’s going to tear down the wall to have easier access to the roof so that she can practice. Not all grants are federal or for non profits. Her and her husband have money, I just forgot what they do. She was nice and humble. It can work out. It won’t be done fir a while.
They should've turned it into apartments. I actually grew up in an old school building that was turned into apartments in the 20's. It was pretty cool.
This is awesome. There's a mall in High Point, NC that has recently shut down and I've dreamed since I was a kid of turning that massive mall into my own home lol
That’s one hell of an undertaking…. But I highly commend her/them for taking on the task. And especially for hiring their neighbors to do as much as possible. It’s not just _smart_ , it’s compassionate. Everyone makes out better in that situation. The area gets revitalized, she gets affordable help, the help gets work, etc. Everyone benefits from the community uplift. I just hope they have a new school that replaced that one, and it wasn’t just a closure.
I want to see an update. Just imagine the electric and heating bill. Over a dozen bedrooms. They could have their own bed n breakfast or airbnb suites to help pay for that.
She also said the public is helping so it could be a community outreach center and easily get grants especially from universities or like a boys and girls club
@Tom they said the second floor was their home and you can separate the property that way if the city allows that thru zoning and fees. Its not an assumption more than a way to cover some of the costs that will be year to year expenses that will come up.
Very blessed to be able to transform the building into a home! Especially during this time! I'm about to purchase a home. Thanks for the recommendation, RU-vid...
Every keeps talking about how she should rent it out. Why? You buy something like this to turn into apartments to deal with a bunch of assholes with no respect for your home. No way. I love that she is making it a family space for her entire family to enjoy. Also love the idea of having special events for the public. However, rental apartments no way. She will be in hell within the year of having her first tenant on the property. Love what she is doing.😍
I have to agree. She’ll be fine if she rents the office space and the public venue space. One whole floor for her family is a good one. I see it being a whole lot better with businesses being there instead of people that I’m not gonna pay rent.
She needs to ensure the local government has authorised the use of the building for residential use, as that guy in Seattle found out to his cost when he bought an old fire station. Although he won, it cost him in legal fees.
It was sold to them by the city for residential occupancy, then years later they turned around and fined the crap out of them for using it as a residence. They went to court, city lost, buyers counter suing to recover defense costs and probably other related losses.
I think it is awesome. The energy she has and the fact she employees people is very cool. You could roller skate in that building and never leave home.
I know someone that owns a school, two actually. The utilities and utility bills / monthly payments on those things are ginormous! Electricity, gas, heat, water, internet, etc. Then property taxes on top of that. The person I know that owns a school, also doubles it as a church, and they take church donations and hold fundraisers to cover those costs, but you’d always be chasing donations to sustain it.
I absolutely love this idea. If I had the money I would do something like this too, Not that big though. I think it's brilliant. I hope it becomes everything you all wish for and you have long Happy Times there.
This just popped up in my recommendations but I am loving the story you go girl she bought a whole school they got to turn it into a home and a business I like that
That's cool! Hey, cheap giant lot of land. She's got it figured out. It's going to be a one of a kind, bright, giant home. Plus, some added income. Genius!!!
thats a great idea, sounds like they want to turn it into home and business. and venue for events and so on. plus the area don't a eye sore or worse. this way their cherished childhood dreams are safe from being lost forever.
Should I buy my old elementary school if it closes permanently? (there’s high likelihood of that happening since enrollment there has been in decline since 2013 and a global pandemic will just make it worse)
Get it, turn it into an apartment complex and turn the gym into a event hall that people that live in the building can rest out when wanting to celebrate something, then if there’s a playground turn it into a pool and then if there’s a field turn that into like a park for kids and also a place where people can just go for a walk on( it’s up to you, I would love to see how it works out tho) 🤷🏾♀️
@@TrinandCo well, sadly my elementary doesn’t have a gym. But I was thinking of turning the auditorium into my personal car garage with a big turntable in middle with the most prized one in my collection. And I’m also thinking if turning the cafeteria into a pizza and chicken wing arcade that’s basically Chuck E Cheese, Dave & Buster’s, and Buffalo Wild Wings combined. I was also thinking of turning the preschool into my futures kids’ dream playroom and game room turning the preschool playground into their dream backyard. And I think I will put my dream pool where the elementary playground currently is. And the majority of the classrooms I’ll probably convert to bedrooms and of course renovate all the restrooms to fit people of all sizes and have tubs/showers
I remember when my son did community service at the location of this old school. He and a classmate cleaned up trash in the yard. At that time, it was no longer in use. It is a good feeling for me when I think about the building coming to life again.
Not likely a problem. Right now, that property tax is probably around $1,200 per year. Ohio valuates property tax at 35% of market value, and the highest tax rate in Canton is $94.90 per $1000 in taxable value. If she gets it remodeled and business starts coming in the value will go up, but right now it's almost worthless.
I remember in 1965 that our landlady died and her family either wanted us out or buy outright where we lived. I dreamed of buying the church we had been attending as we had a family of 8 kids. I designated who would get the small classrooms, community room for a playroom and there was a big kitchen, the sanctuary as a living room etc. i wanted the choir loft. My grandparent's coughed up the loan for the house ($10,000) and my parents paid her $100/ mo for years. I slept in an unheated bedroom with either 3 or 4 sisters for most of my remaining years there. My husband and I would browse home plan books for years, even drawing our own dream house as our family grew.
So cool! I hope she does a lot with that and get the community involved in some fashion. I could see a beautiful thing coming from this. Lord bless them.