Not gonna lie though: We learned a lot from this particular flip. And it could be said that we learned it the hard way. The remodel and addition itself were pretty straightforward, but it seems we're still learning how to be profitable. Just for example, pre-selling this home seemed like a great idea at the time, especially with the Nashville real estate market teeming with buyers right now. Little did we know, however, that home values in Cleveland Park were escalating so dramatically, so quickly, that we would have been able to sell the home for considerably more if we'd waited until its completion. Budgeting this flip, in general, has been a challenge, but that's the case with every flip. There are so many moving parts, so many workers, so many materials, so many unforeseen items, and it all takes twice as long as you thought. My point is: Don't let anyone tell you that flipping a house is an easy way to get rich quick. It's very hard work. It just so happens that--most days, anyway--we love this line of work more than any other we could imagine.
Here's the before and after photo of the exterior, though it doesn't begin to express the magnitude of the flip since it doesn't show off the addition to the back of the home. This 800-square-foot dump became a long, lanky, spacious 2,000 square foot with vaulted ceilings in the main room. When we were done with it, it was essentially a brand new house that just happened to have a portion of the original shell. That's not because we're not sensitive to its historical past but because there honestly wasn't anything much worth salvaging in this little house.