Recently my house was pretty severely damaged in Hurricane Michael. Luckily myself, and my family are temporarily living overseas, so we already have other living arrangements. It looks like the insurance company is going to deem the house a total loss. The settlement they quoted me will be significantly more than what is owed on the house (basically my mortgage+equity). I'm not sure what stipulations there will be, but if we can, we are leaning towards just paying the mortgage off and keeping the land.
Now to my dilema: What should I do with the house?
I could just let it rot, which will be a liability concern if anyone decides to squat there in our absence. We would then just deal with it ourselves when we return in about 1.5-2 years.
I could spend $10k-20k to demo it.
I could sell the property as-is and maybe get $30k for it.
Or, I could attempt to have the roof tarped to minimize further water damage and attempt to salvage what I can in the house when we eventually move back. This is what I'm struggling with. Even though the house was "totaled", the permie in me feels like it is such a waste to just throw the whole house away. I could salvage some of the gables and use them for a barn. The toilets were brand new, all of the ceiling fans were new, etc. Am I being ridiculous? Some of this may also be me holding onto nostalgia value. It's the first and only house I bought with my S/O and where we had our first child together. There's a lot of memories there.
I know this isn't terribly permie related but I figured you guys have the same mindset as I do regarding most things. Any input/advice would be greatly appreciated!
As a side note, one of the things we have discussed doing is creating a little campground type place. Build a few cabins and have people take "permie" vacations where they can experience a bit of permaculture and get to see how we grow food and whatnot. Or even just start a community there. If we did return to Panama City, this would be a lot more achievable without a mortgage and 9 acres of land to build whatever we want. However, I don't know how many people will want to vacation near Panama City anytime soon as the place is kind of a wreck if you haven't seen the news...