Funny this should be brought up at this point in time!
The first 3 houses we lived in, 2 were rented and the third we bought. After 30 plus years for a huose built in 1895 and that many years of young men going through it it needed to die for safety factors.
We had this house on two lots a 1/2 block from campus, basically across the street!
We bought a bungalo house next to us so while it need s to go, We own 3 lots on a corner.
Yes, we are trying to build a new house with the floor plan set for the function that it is supposed to be set for. A Fraternity House. $$$ is a big proble, and if your Chapter does not have it, then dont try to build. If you Alum Base is not big enough or they are not willing, dont build!
Buying an old house and trying to retro fit is just as costly or more so than building a new house.
Building a new house with a sprinkler system does drop the insurance rate down some.
It just needs one hell of a numbers cruncher to make a comparison!
+ or - that be da question!
Russel, I am not sure who this guru is that you are talking about, but there was a loop hole passed to screw Us so to speak that the only money donated to a local Chapter was deductable only if it was used for an educational purpose, not just or including common area.
Jeeze what a crock of crap. We place students in houseing that helps the campuses and usually is cheaper! That ruling came from the houseing of U. Kansas by the way!