Hi FIRE friends,
We inherited an old big single family house within 10 min drive from one attractive Swiss city center. (Sorry to be vague) It would need a complete renovation and, by law, the outside “look” of the house must be preserved. We can’t really afford to do it in any foreseeable future (middle income, both from low-income families). Nor do we want to. We also have sizable land that is zoned as agricultural.
We have been approached but don’t feel ready to talk to agents and such so just looking for general ideas/opinions. We’re definitely out of our depth at the moment.
Our questions are:
- If we sell the house as is, what price range can we expect from it? What’s usually behind the “price by request” process?
- We’re not struggling and more interested in the FI part but hope to be able to buy a house one day and the inheritance would move that sooner for us without touching our investments. Or should we just hold it and build equity? but I feel like the market is nuts and if we wait, we may be priced out forever (the same old income/mortgage rule thing.)
- Should we hold off selling the agricultural land? I heard some communities have rezoned land for building. It is in a good location with a view. We dream of building a small house there but yeah, may be just a dream. We are not farmers so holding it would mean keeping the inheritance lawyer on the case with occasional bills? Also liability for maintenance/damage.
- Anything else we should know/inform ourselves about?