Turning a One-Room Schoolhouse Into a Vacation Home
It took Roz Fitch nearly 20 years to turn her second home into a one-of-a-kind vacation getaway.
The dream of owning a retreat for downtime or a place for family to gather inspires Americans to purchase some 500,000 vacation homes each year. Roz Fitch is making her dream a reality, but she has no yen for a cookie-cutter beachside condo or a mountaintop A-frame. Her nearly finished country place is truly hers, a one-of-a-kind monument to five generations of family.
Fitch is overseeing the transformation of an 1856 one-room schoolhouse into a cozy second home where she and her husband, Jon, can stay while visiting family and friends. The school is in Delaware County, N.Y., a stone's throw from the dairy farm where Fitch grew up, which has been in her family for more than a hundred years. "I've walked by it my entire life," says Fitch, who is 59.
The 20-foot-by-25-foot structure—a wood box set on dry stones—has had as many lives as a cat. Many of Roz's ancestors learned the three R's there, until the school district closed it in 1929. Since then it has been a storage shed, a shelter for farmhands, a rude rental residence and, since the 1960s, an empty wreck.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Fitch long considered a rescue, but working as a lobbyist and raising a family hundreds of miles away in Washington, D.C., intruded until 20 years ago, when she decided it would be fun "to go for it." She found the owner and, in 1991, paid $6,000 for the structure and a third of an acre. Then time stood still for almost 20 more years until she found the time and money for the project.
Her husband is an architect (not the kind who does historic restorations, though), so Fitch knew this wouldn't be a paint-and-patch job. And restorations are never simple. You need experts who know what is salvageable and what isn't. It was a miracle the place never succumbed to the harsh upstate New York weather—a testament mostly to the quality woodworking. "It's phenomenal how much we were able to save," Fitch says, showing photos of the exposed beams.
Crews had to jack up the building and put it on a true foundation. The roof, floors, windows, well, septic system and electrical wiring are new. Workers are now installing a staircase and a second-floor sleeping area. The job is almost finished, but the tally is more than $100,000, which Roz is paying for out-of-pocket. (The National Association of Realtors says about half of vacation-home buyers pay cash.)
Hundreds of one-room schoolhouses all over America are preserved and restored, but usually as museums, community centers or small parts of large homes built over and around the old classroom. If you restore a historic home to become your primary residence, or if you fix up a falling barn for agricultural use, you might be eligible for some state and federal tax credits. Fitch looked but came up empty. That’s how singular her project is. "There are five generations of us around here," Fitch says. "I'm thrilled at this."
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
-
Stock Market Today: Dow Climbs 288 Points After Amazon, Intel Earnings
Post-earnings strength from Amazon and Intel helped cushion the blow of a disappointing October jobs report.
By David Dittman Published
-
Nvidia Stock Is Joining the Dow. Is It Time to Buy?
Nvidia will replace Intel in the Dow Jones Industrial Average this Friday. What does it mean for the stock?
By Dan Burrows Published
-
403(b) Contribution Limits for 2024: Good News for Teachers
retirement plans Teachers and nonprofit workers can contribute more to a 403(b) retirement plan in 2024 than they could in 2023.
By Jackie Stewart Last updated
-
Roth IRA Contribution Limits for 2024 and 2025
Roth IRAs Roth IRA contribution limits have gone up. Here's what you need to know.
By Jackie Stewart Last updated
-
How to Find Foreclosed Homes: Best Foreclosure Listings Sites
Making Your Money Last Find foreclosed homes for sale on these foreclosure listing websites. Search for properties on these free, paid or government sites.
By Bob Niedt Last updated
-
Luxury Home Prices Rise as the Rich Dodge High Mortgage Rates
Luxury home prices rose 9% to the highest third-quarter level on record, Redfin reports, growing nearly three times faster than non-luxury prices.
By Kathryn Pomroy Published
-
Four Tips for Renting Out Your Home on Airbnb
real estate Here's what you should know before listing your home on Airbnb.
By Miriam Cross Published
-
Five Ways to a Cheap Last-Minute Vacation
Travel It is possible to pull off a cheap last-minute vacation. Here are some tips to make it happen.
By Vaishali Varu Last updated
-
How to Figure Out How Much Life Insurance You Need
insurance Instead of relying on rules of thumb, you’re better off taking a systematic approach to figuring your life insurance needs.
By Kimberly Lankford Last updated
-
Amazon Big Deal Days Is Coming! We’ve Got All the Details
Amazon Prime To kick off the holiday season with a bang, Amazon Big Deal Days runs Tuesday, October 8 and Wednesday, October 9.
By Bob Niedt Last updated