Best approach for estateHello,A family member recently passed on and I have inherited his home estate, consisting of 150 acres of land, a 1500 sq ft residence and a pole barn. I'm trying to decide if I should rent or sell it as is, or renovate and sell/rent. The home is outside of the main part of town; too far for a bike ride, but only a few minutes by car. The home hasn't really seen an update in 20-30 years, but all the systems are in tact and haven't ever had a problem (knock on wood).I realize that I'll probably have to renovate a bit to bring it up to a rentable/saleable condition, but since I live in the Detroit area (I have construction-career family that live in the area so I'm not concerned about performing the work remotely), I don't have a good idea of what makes sense as far as bang for the buck, and they're not real estate agents so they don't either. It's worth noting that I won't "use" my family to provide free or discounted labor for this particular endeavor, so "full price" reno is the only option.At a minimum, I think adding Air Con, new roof shingles, windows, and carpets is a necessity. Beyond that, I'm not sure what renovations would be worth the cost. Some thoughts I have are update the kitchen (basic stuff, not granite) and/or finish the basement (would add 2 bedrooms and 1 bath). I could also close in a screened in porch on the main floor and turn it into a bedroom fairly easily, and I could screen in an outdoor porch in the front of the house an turn it into a Florida room. I'm also at a major loss as to what to do with 150 acres and the polebarn. Any tips? I'm really struggling.Thanks for your help!February 20 2011 - Otsego00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.