Couple Turns $90K Fire Station Into Dream Home

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Feb 26, 2026

Imagine spotting an old fire station near your high school and dreaming of living there one day. Years later, a couple snagged it for just $90K despite mold and decay—what they did next turned it into something extraordinary, but would you take on such a massive project?

Financial market analysis from 26/02/2026. Market conditions may have changed since publication.

Have you ever driven past an old building and thought, “What if someone actually lived there?” For one couple from Iowa, that passing fancy became a life-changing reality. They didn’t just dream about it—they made it happen, turning a neglected fire station into the heart of their family life. It’s the kind of story that makes you pause and wonder about the possibilities hiding in plain sight.

Stories like this remind me how much determination and vision can reshape not just a property, but an entire chapter of someone’s life. In a world where most people stick to conventional homes, choosing an unconventional path often leads to the most rewarding outcomes. Perhaps that’s why these kinds of transformations capture our imagination so strongly.

From High School Dream to Reality: The Unexpected Purchase

Growing up in the same town, this couple had walked past the local fire station countless times during their high school years. It sat right near their school, a sturdy fixture in the neighborhood. Little did they know back then that one day it would become their home. Life has a funny way of circling back to those childhood spots we never forget.

Fast forward several years, and the building—constructed in the early 1960s—had fallen into disrepair. Previous owners had attempted to convert it decades earlier, but it sat abandoned, plagued by issues like black mold and structural neglect. When it hit the market listed at a higher price, the couple, who were still building their financial footing, initially had no plans to buy it. They were young, working regular jobs, and even their first home had required parental help to qualify for a mortgage.

Yet something pulled them in. The solid concrete and steel construction stood out immediately. Unlike typical homes that might crumble under years of neglect, this place had bones that were rock-solid. The level foundation and industrial strength gave it potential most houses simply don’t have. That alone sparked serious interest, even as they signed waivers just to step inside due to safety concerns.

The thing that attracted me the most was the fact it’s all concrete and steel. Any other house would have fallen over easily by now.

— One half of the couple reflecting on the property’s appeal

In a bold move, the husband quietly submitted an offer far below asking price. To his wife’s surprise the next day, it was accepted. They walked away with the property for just $90,000—a fraction of what similar spaces might cost in better condition. It felt like fate, or perhaps just good timing mixed with courage.

Facing the Reality: A Total Gut Job Awaited

Closing the deal in mid-2016 marked the start of an enormous challenge. The place lacked basic necessities—no working electricity, no functional plumbing, and walls that were practically nonexistent in many areas. The official listing called it a four-bedroom, two-bath home around 3,100 square feet, but the real usable space was nearly double when counting unfinished sections. It was essentially a blank canvas, but one covered in hazards.

They secured financing through a construction loan tied to the husband’s small rental property business, initially planning to flip it after renovations. The budget estimate hovered around $80,000, which already felt ambitious given their situation. To make ends meet during the project, they rented out their existing house and moved into the fire station itself—along with help from family members who pitched in on bills.

  • Paint supplies came in at roughly $1,100
  • Drywall installation cost about $4,000
  • Flooring materials ran around $5,000
  • A new kitchen addition added another $10,000
  • The roof replacement, one of the biggest expenses, hit close to $22,000

These numbers might seem modest compared to today’s renovation costs, but back then they represented careful choices and a lot of sweat equity. The husband handled most of the labor himself, sourcing clearance items, accepting donations, and even spray-painting mismatched pieces to create cohesion. It wasn’t glamorous, but it was resourceful.

I’ve always admired people who approach big projects this way. There’s something deeply satisfying about building something with your own hands, especially when the alternative is paying someone else a premium. It builds not just a home, but character too.

Preserving History While Making It Their Own

One of the smartest decisions they made was respecting the building’s origins. They kept signature features like the original garage doors, the tall hose tower, and even a historic plaque out front. A large skylight installed by previous owners covered what was once an open courtyard, flooding the interior with natural light. These elements serve as constant reminders of the structure’s past life.

To add a fun nod to the history, they placed an old fire truck in the backyard for their children to play on. It’s the kind of whimsical touch that turns a house into a storybook home. Kids growing up surrounded by pieces of local history—how cool is that?

They also carved out unique spaces that reflected their family’s passions. One section became an indoor soccer field with artificial turf, inspired by childhood memories of friends’ similar setups. Another area transformed into a cozy theater room, perfect for movie nights. A dedicated playroom rounded out the kid-friendly zones. These additions weren’t just practical—they were personal expressions of joy.

We had friends who had an indoor soccer field growing up. I always thought it was the coolest thing ever, so I decided to create one here.

— The husband explaining one of his favorite additions

It’s moments like these that make a home feel truly lived-in. When spaces reflect real memories and interests, they become more than shelter—they become part of your identity.

Financial Journey: From Construction Loan to Long-Term Mortgage

Financing such a project wasn’t straightforward. After the initial construction loan, they refinanced in 2019 into a shorter-term mortgage under their personal names. Interest rates were favorable then, keeping payments manageable despite the larger loan amount. By 2024, another refinance adjusted to current market conditions, with higher rates but a stable long-term setup.

Monthly expenses now include the mortgage, utilities, internet, a home equity line for recent kitchen updates, solar panel payments, and more. It’s a full picture of adulting—balancing dreams with real-world costs. Yet the couple views it as worthwhile, especially seeing their children thrive in the space they created together.

Expense CategoryApproximate Monthly Cost
Mortgage$3,190
Utilities (combined)Around $475
Solar Panels$554
HELOC Payment$424
Internet$187

These figures show how thoughtful planning keeps things sustainable. They’ve also expanded their real estate footprint by purchasing neighboring properties—one for family and another as a short-term rental that’s already proving popular. It speaks to a mindset of growth and stability.

The Emotional Payoff: Why They’d Never Sell

Over the years, as they’ve shared glimpses of their life online, people frequently ask if they’ll ever move or sell. The answer is a firm no—at least not selling this particular place. Even if they relocate someday, they plan to hold onto it, perhaps as a family legacy or rental. The emotional investment runs too deep.

There’s something profound about pouring blood, sweat, and tears into a space. It creates bonds that new, turnkey homes rarely match. The couple often jokes about wishing for a “normal” finished house, but deep down, they cherish the journey. Providing their kids with a home full of stories and character feels like a true accomplishment.

In my view, that’s the real measure of success—not the square footage or resale value, but the memories built within those walls. When a place reflects shared effort and love, it becomes irreplaceable.

This story isn’t just about real estate. It’s about partnership, resilience, and daring to see potential where others see problems. It challenges us to think bigger about what “home” can mean. Maybe your dream space isn’t a traditional house either—perhaps it’s waiting in an unexpected place, ready for someone brave enough to claim it.


Stories of transformation like this one continue to inspire because they show what’s possible with vision and hard work. Whether you’re dreaming of your own renovation adventure or simply appreciating someone else’s, there’s something universally motivating about turning the impossible into reality. And who knows? The next abandoned gem might be closer than you think.

Money has never made man happy, nor will it; there is nothing in its nature to produce happiness. The more of it one has the more one wants.
— Benjamin Franklin
Author

Steven Soarez passionately shares his financial expertise to help everyone better understand and master investing. Contact us for collaboration opportunities or sponsored article inquiries.

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