You and the wife are musicians. You have the chance at a great start up structure for a recording studio, an additional music room that could be sectioned off for musical instrument lessons (a possible side business to help pay the bills till the studio begins booking time) and a unique and comfortable environment available at an extremely affordable price.
I would pay attention to the balance of the properties in the neighborhood. Should the future of the propertys surroundings appear to be safe for years to come, in my opinion you have a wonderful opportunity to improve your musical careers.
If the studio plans never come to fruition you still own one heck of a practice facility and I am sure there would be a musical or theater organization or two out there who would love to rent the facility.
Could I inquire as to what instruments both of you play?
I would pay attention to the balance of the properties in the neighborhood. Should the future of the propertys surroundings appear to be safe for years to come, in my opinion you have a wonderful opportunity to improve your musical careers.
If the studio plans never come to fruition you still own one heck of a practice facility and I am sure there would be a musical or theater organization or two out there who would love to rent the facility.
Could I inquire as to what instruments both of you play?