Thoughts if this property flip Scope of work is too low

[Logan Rhea]

View report

I'm looking to pitch this to an investor who wants to flip this house in Nashville, TN. Below is my estimated scope of work and timeline. Any experienced flippers or investors opinion's would be greatly appreciated.

Scope of Work and Rough Budget

Property Address: 460 Summit Oaks Dr, Nashville, TN 37221
Property Details: 4 Beds, 3/1 Baths, 4004 SqFt, 0.190 Acres
Purchase Price: $500,000
Target Selling Price: $800,000

1. Kitchen Renovation

• Scope of Work:
  • Replace all cabinets with high-end custom cabinetry
  • Install quartz countertops
  • Upgrade to stainless steel appliances (high-end brands like Thermador or Bosch)
  • Add a large kitchen island with additional seating
  • Install new tile backsplash
  • Update lighting fixtures with modern pendants
  • Refinish or replace flooring
• Estimated Cost: $50,000

2. Bathroom Renovations (4 Total)

• Scope of Work:
  • Master Bathroom:
    • Install new double vanity with quartz countertops
    • Replace shower with frameless glass enclosure and custom tile
    • Add a freestanding soaking tub
    • Upgrade fixtures to high-end finishes
  • Guest Bathrooms (3):
    • Replace vanities, mirrors, and lighting
    • Retile showers and floors
    • Install modern plumbing fixtures
• Estimated Cost: $40,000

3. Flooring

• Scope of Work:
  • Replace carpet in bedrooms with engineered hardwood
  • Refinish existing hardwood floors in common areas
  • Install durable tile in wet areas (bathrooms, laundry room)
• Estimated Cost: $20,000

4. Interior Painting

• Scope of Work:
  • Paint all walls, ceilings, and trim with neutral high-end paint
  • Use two-tone color scheme for added elegance
• Estimated Cost: $10,000

5. Fixtures and Hardware

• Scope of Work:
  • Replace all interior and exterior lighting fixtures
  • Update door handles, cabinet pulls, and faucets to match modern design
  • Install ceiling fans in bedrooms
• Estimated Cost: $8,000

6. Exterior Updates

• Scope of Work:
  • Repaint exterior for modern curb appeal
  • Refresh landscaping (mulch, shrubs, and flower beds)
  • Power wash driveway and sidewalks
  • Replace front door and update hardware
• Estimated Cost: $12,000

7. Miscellaneous Repairs

• Scope of Work:
  • Address any minor repairs identified in inspection (e.g., HVAC tune-up, plumbing fixes)
  • Deep clean entire property pre-listing
• Estimated Cost: $5,000

Total Estimated Renovation Cost: $145,000

Project Timeline

Week 1-2: Planning and Demolition

• Finalize design and materials
• Obtain necessary permits
• Begin demolition (kitchen, bathrooms, floors)

Week 3-5: Structural and Major Installations

• Install new cabinets and countertops in kitchen
• Complete bathroom tiling and vanity installation
• Refinish or replace flooring

Week 6-7: Painting and Fixtures

• Paint interior and exterior
• Install lighting, hardware, and plumbing fixtures

Week 8: Finishing Touches

• Landscaping and curb appeal updates
• Deep cleaning and staging

Total Timeline: 8 Weeks

*This link comes directly from our calculators, based on information input by the member who posted.