I agree that seeing a building crumble is a terrible thing but it is possible to end up owning a building which you can't afford to maintain (asset rich and cash poor). You can buy a building which a change in circumstances makes it impossible to occupy or renovate and then it becomes difficult to sell because of the cost of repair, the situation getting worse the longer you wait.Penners said:I always find it staggering that the owners of certain buildings will allow them simply to crumble away. Who has so much money that they can afford to allow several hundreds of thousands of pounds to just sit and rot? :?
As far as I can tell our house was owned by the same family for a long time, the owner eventually becoming infirm, retreating into one part while the rest decayed. The house stood empty for a while which is never good for a house. The new owners started to refurbish it but ran out of time/money/energy and when they split up the house was half done. As a result the stuff we're working on now hasn't been occupied for perhaps 20 years or maintained for longer and shows it - it meant the vinery couldn't be saved. If we'd been more clued about the cost of repairs then we probably wouldn't have bought it, so I can see how an owner could end up with a building they can't afford to sell and can't afford to keep either.
Best of luck saving this property countrycott.