Re: Re: Re: restoring antiques as a hobby

Posted by david on November 22, 2002 at 18:34:11 from (64.12.96.236):

In Reply to: Re: Re: restoring antiques as a hobby posted by Mosey on November 22, 2002 at 12:55:07:

I have found that there is no economical way to come out on a restoration. People that want a "restored" tractor generally want the satisfaction of doing it themselves.

Restoring units to service where they look good and have mechanical problems fixed where local part timers get a good looking, mechanically sound unit is the only economical and profitable strategy I have found.

For finding ou what the locals want I recommend 2 strategies: 1. go to auctions (lots of them) and see who is buying what and what the price trends are (example: local dairy sold out and a $15000 silage chopper less than 2 yrs old sold for $175 (says the local dairy industry is DOA) a Shaver post driver that can be bought new for 2100 brought $2450 (says lots of weekend warriors don't do their price shopping)). Then you can bargain shop. 2. Look at what is happening in the local farm economy, who is using what, and post some questions here.

All this said, understand you win some and lose some. Only "sure" bet is a CD in the bank.

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