We went up to NC to look at a couple of properties for sale and one was(initially) quite promising- Almost 16 acres.(all useable) Barn(solid just full of cornstalks ) Outside barbecue area/summer kitchen(screened but needs work) Two sheds(good shape) Garage(good shape,dirt floor) 1 1/2 storey house built in 1920. Now unfortunately the house,while looking good from the outside needs not just a little work BUT needs the following: Interior walls need to be replaced(plaster/old sheetrock falling down,generally just poor shape)Where sheetrock/plaster is missing there is NO insulation to the outside wall.One place had what seemed to be termites but not to the outside wood siding,only in one wall stud and the sheetrock/plaster. Ceiling was covered with wood fiber tiles that are coming down/torn down in places.The ceiling under them is tongue and groove style wood planks about 3'' wide. Floors were solid(no squeaks) and were hardwood. Roof is asphalt shingles over tin and has leaks judging from the inside. Windows all were single pane but not original old 'wavy' glass. Electric is a step into the past. It is all exposed wiring with pushbutton light switches and the like. The water is from a well but it wasn't working(and there was a pump sitting inside the enclosed back porch..I guess it needs to be replaced) Kitchen was all old appliances(not 'good' old-just old). We would be interested in the property but the house is a big question mark. We were trying to work out if it would be better to just start fresh(tear down the house) or actually try and restore this house. We talked to the realtor and basically told him we would make an offer based on the land and outbuildings alone. Land is about $3500-$4000 acre. One problem we have is we need to find a property that a mortgage co. will finance and that needs a dwelling. So what do y'all think?