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Catskills - Sullivan County - Ulster County Real Estate -- Catskill Farms Journal

Old School Real estate blog in the Catskills. Journeys, trial, tribulations, observations and projects of Catskill Farms Founder Chuck Petersheim. Since 2002, Catskill Farms has designed, built, and sold over 250 homes in the Hills, investing over $100m and introducing thousands to the areas we serve. Farms, Barns, Moderns, Cottages and Minis - a design portfolio which has something for everyone.

May 3, 2009

New Day, New Look, and Clarification

So I was farting around trying to figure out how to revert back to my previous blog design where the old posts were categorized in a nice format that seemed to work - I had eliminated some 'labels' and 'archives' a couple of the weeks ago in an attempt to clean up the look of the blog - and then I couldn't figure out how to revert back - and I tried on several occasions without success, - frustrating since I know it's just a click of a button somewhere.

In my experimentation to try and return to my old layout, I inadvertently changed the entire look of the blog, and then couldn't get it to go back, and then in some 'self-reverse psychology' where I trick myself that the new design is actually a welcome change, thus snatching victory from the jaws of defeat, I completely reinvented the look of the blog - for better or for worse.

Someone called me up yesterday and asked why the mini-cottage I bought the other day is cheaper than the new ones I am building - the reason is that older homes, regardless of the charm, quaintness and cuteness, are worth much less than newer homes (at least newer homes that have style). Take the cottage I was posting about yesterday exactly as it is - and then take a new cottage from Catskill Farms - and examine their respective worth and value.

The old cottage has small windows, smaller piece of land, needs to be painted on the inside, has a septic of unknown age, well of unknown depths, lower ceilings, and a host of issues that don't detract from it's perfectness - it's just a different kind of perfect, and it has to be fairly represented in the price. And, then Catskill Farms is a pretty motivated seller at all times, I know that this little old-fashioned cottage with small little bedrooms, small windows, a ceiling that is a few inches lower than 8', all combine to reduce its value - don't get me wrong, at $179k this house is 'best in class', but it in no way compares to our new cottages in terms of layout, functionality, warranty and general 'thought-outness'.

What's amazing though about this little sucker is say you put down 20%, and say you get a mortgage at around 5% - that means your monthly mortgage payment is less than $700 a month. That's pretty amazingly affordable, by any measure, in my opinion.

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