some ‘cabin’ at a half mil....
>> some cabin at a half mil....
I think you can get an outhouse for a quarter of a mil out there... that’s about it. Half a mil for a shack sounds about right.
If you don't have it in your homeowners policy, you should look at getting "complete rebuild coverage". Some policies "out there" are insuring people for materials and some monetary for personal items. Conveniently, they have left out the $$$ it will take to actually re-build your home.
I have a cabin in the Washington Cascades that’s appraised for about $350,000. It’s not great shakes, but it’s nice and on a few acres and since I built it 15 years ago it has basically tripled in value, so I can easily imagine now a place near Yosemite could be worth a half mil. Don’t forget, her place is also a rental - a cheap place will rent for $1500 a week, so at that rate and even if it was only rented out half the time, we’re talking almost $40,000 a year.
If you’ve ever been to Big Bear, a half million will only buy you a shack.