Paul Shraga
Sophomore Member
- Joined
- Apr 30, 2003
First, some background...
It was a sunny yet windy Sunday on the central Atlantic coast ... the rain which had pummeled the region for a week straight had seemed to subside.
The wife says "Hey, we haven't been to Mt. Vernon since my parents came in, wanna go ?" Seeing as I had no comps to pull and we have a yearly pass set to expire in a coupla weeks I said, "OK." The drive was un-eventful, a 40 minute trip sans Beltway traffic and we had arrived, parked, got tix and entered the estate and plantation of the first president of the US. (Quite the farmer Ole George was)
...OK...so you know where this is going...
We are waiting on line to tour the Mansion and I'm thinkin..this place has got to be insured, right ? Where there is an insurance policy there must be some value determination, yes ? Then I wonder out loud "how the Hell could someone go about appraising this place ? I mean certainly do a Cost approach for Reproduction (not Replacement, yes?) and maybe an Income since it generates tourist income and such. But what had me stumped is Historical Significance .. how does one quantify this for a building which is easily in the Top 5 for Historical Significance for the country ?? (..and did I mention it sits on 500 acres on the Potomac River...)
My wife gave me one of those glass eye stares with an eye roll as we entered the House. The outside is very Architectually pleasing but the inside could probably use a termite inspection. (... I'll note that on my report ...)
:lol:
Cheers,
Paul
It was a sunny yet windy Sunday on the central Atlantic coast ... the rain which had pummeled the region for a week straight had seemed to subside.
The wife says "Hey, we haven't been to Mt. Vernon since my parents came in, wanna go ?" Seeing as I had no comps to pull and we have a yearly pass set to expire in a coupla weeks I said, "OK." The drive was un-eventful, a 40 minute trip sans Beltway traffic and we had arrived, parked, got tix and entered the estate and plantation of the first president of the US. (Quite the farmer Ole George was)
...OK...so you know where this is going...
We are waiting on line to tour the Mansion and I'm thinkin..this place has got to be insured, right ? Where there is an insurance policy there must be some value determination, yes ? Then I wonder out loud "how the Hell could someone go about appraising this place ? I mean certainly do a Cost approach for Reproduction (not Replacement, yes?) and maybe an Income since it generates tourist income and such. But what had me stumped is Historical Significance .. how does one quantify this for a building which is easily in the Top 5 for Historical Significance for the country ?? (..and did I mention it sits on 500 acres on the Potomac River...)
My wife gave me one of those glass eye stares with an eye roll as we entered the House. The outside is very Architectually pleasing but the inside could probably use a termite inspection. (... I'll note that on my report ...)
:lol:
Cheers,
Paul