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As someone who owns a castle/manor house and desperately wanting to sell it... I agree completely. At least theres normally no property taxes on listed building

by dreen 6y ago

As someone who owns a castle/manor house and desperately wanting to sell it... I agree completely. At least theres normally no property taxes on listed buildings, but just keeping it from falling apart is enough to eat a moderate income.

fakedang 6y ago
As someone dating someone whose family owns multiple, buy some art, maintain a garden of sorts, set it up as a museum, bam, revenue.
- pm215 6y ago
  Lots of these places do just that -- but unless you want your job to be "I run a tourist attraction/wedding venue as a small business", you might prefer to sell the place and let somebody else do it...
- dreen 6y ago
  Very easy to say, but would require multiple years worth of salary for me to open that, and the location is not suited to a museum. A wedding venue maybe, but still the investment required to start that is beyond what I can do. I also do not want to quit my software career in London to bank everything on a hospitality business in the middle of nowhere in Eastern Europe.
  - whythre 6y ago
    Probably a good call- quitting your job go open an event venue in an Eastern European castle sounds like the beginning of a vampire novel.
  - fakedang 6y ago
    Oh, I thought you lived near the place. Then certainly not feasible. Most of them section off part of the palace/castle for personal use while putting up the rest as a museum.
- Someone 6y ago
  As many startups realize when the investor’s money runs out, getting revenue isn’t sufficient. I guess making the revenue pay for the investments in art, maintenance of the building, security, etc. and buying you clothing and food is left as an exercise for the reader.
  - fakedang 6y ago
    Art would be $10-30k. No need to go overboard. Get some exhibits about local culture or something like that. Screw that, get some cool shit made by some online blacksmiths or woodworkers. Put a bunch of placards about the history of the place. Security isn't a big deal if you don't have much of value. More importantly, make sure this is a passive business of sorts. Works well if you live in or near the same place.

by dreen 6y ago

fakedang 6y ago

As someone dating someone whose family owns multiple, buy some art, maintain a garden of sorts, set it up as a museum, bam, revenue.

pm215 6y ago
Lots of these places do just that -- but unless you want your job to be "I run a tourist attraction/wedding venue as a small business", you might prefer to sell the place and let somebody else do it...
dreen 6y ago
Very easy to say, but would require multiple years worth of salary for me to open that, and the location is not suited to a museum. A wedding venue maybe, but still the investment required to start that is beyond what I can do. I also do not want to quit my software career in London to bank everything on a hospitality business in the middle of nowhere in Eastern Europe.
- whythre 6y ago
  Probably a good call- quitting your job go open an event venue in an Eastern European castle sounds like the beginning of a vampire novel.
- fakedang 6y ago
  Oh, I thought you lived near the place. Then certainly not feasible. Most of them section off part of the palace/castle for personal use while putting up the rest as a museum.
Someone 6y ago
As many startups realize when the investor’s money runs out, getting revenue isn’t sufficient. I guess making the revenue pay for the investments in art, maintenance of the building, security, etc. and buying you clothing and food is left as an exercise for the reader.
- fakedang 6y ago
  Art would be $10-30k. No need to go overboard. Get some exhibits about local culture or something like that. Screw that, get some cool shit made by some online blacksmiths or woodworkers. Put a bunch of placards about the history of the place. Security isn't a big deal if you don't have much of value. More importantly, make sure this is a passive business of sorts. Works well if you live in or near the same place.