What we’ve learned recently.
To be fair, this wasn’t a total surprise, but it was a solid reminder that our shop project means more to us than it would to others. It’s worth more to us than it would likely be to a potential buyer.
When talking about appraising it, we’ve learned that our investment in the project is not equal to its appraised value. Again, not surprised at the fact, but taken aback at the process.
Projects like this don’t have as many comparables as houses. When we sold our house last year we found out how few house in the country comparables we had locally too.
We’ve also found that our big investments in water and power don’t show equity on a balance sheet the same way other investments do…
All this to say, investing in infrastructure, investing in agriculture, investing in a family legacy doesn’t usually make financial sense at the time. I’m thankful for the generations that came before us at the farm to build something that we can continue to build on. At the same time, I’m excited that Kyle and I have the opportunity to start something here for future generations.
How’s it been for you? Have big infrastructure investments felt big or do you have a different approach?
