UTfball68
Well-Known Member
- Joined
- Jul 18, 2008
- Location
- Granite Quarry
I’m looking at buying a property, the house is dilapidated...a total tear down. However, it does have some redeeming characteristics. The property is only $32k, but is an acre, and the prior owner ran an unlicensed shop out of his backyard. The shop itself is really frickin nice...a 3 bay/door 60x40 with 2 lifts and an additional paint booth off the side. I figure Concrete work and buildings probably cost 2/3 of the asking price. Now to the actual question, half of the property is paved with ‘pink’ granite, and the foundation (at least the facade) of the house is granite as well. The granite chunks are roughly 2’Lx1’Wx1’H. I have folks telling me ‘there’s $15-20k Worth of granite sitting there’. Granite is totally outside my realm of knowledge, but if it could be reclaimed, purchasing just became a lot more attractive to me. 1) I was under the impression the value with granite was with big slabs 2) where/how would I actually determine what the value is 3) if there is value there, how do I go about selling it??? Do I dig it up, if so, who buys it? Or are there people that come do it and will pay? 4) I have no idea what the cost is to tear down a house to get granite in the foundation.
All that said, I’d imagine even if the granite is as valuable as some of these folks have said, people that actually know what they’re looking at would be jumping at the property. Since they haven’t, I’m leaning toward this being cost prohibitive and not really profitable. But if there’s an opportunity for me to turn a $20-25k shop in to a $10k shop, I’d still be interested.
All that said, I’d imagine even if the granite is as valuable as some of these folks have said, people that actually know what they’re looking at would be jumping at the property. Since they haven’t, I’m leaning toward this being cost prohibitive and not really profitable. But if there’s an opportunity for me to turn a $20-25k shop in to a $10k shop, I’d still be interested.
