Advice on Historic House.

[Andrew Cordle]

So we have done hundreds of flips in the last decade everything from full gut jobs, tear downs, light rehabs, cosmetic rehabs you name we have done it, low end to high end. Saying that, it as been a dream of ours to do a cornerstone, epic, historical house. Meaning not even just a small historic house, but one that would also be a cornerstone historical house for the whole neighborhood. This was bought more as a pet project as well as an investment. We plan on spending at least year on this project as we want to take our time and enjoy it.

We have recently got this house in Atlanta GA. It is a corner lot right across the street from the park and just a block or so away from the Charter School.

Purchase Price was $225,000

Rehab Budget $250,000

List Price $750,000

If you have any advice or even opinion I would love to hear about it. If you have ever rehabbed any historical house I would especially like to hear from you.

Thanks for your input.

Andrew

[Blake Shaw]

Hey @Andrew Cordle , that's a great house! My first thought is you may need to raise the budget if you are going to keep the historical accuracy and details of the original house. I restored a large home in Virginia Highlands a few years ago and the best thing I did was take a lot of pictures and save at least one piece of each rotted trim detail. That way I could take it to a local millwork shop and have the molding or bracket or corbel recreated. The best thing you could do is take the time and expense to get the exterior trim details finished as they were originally. It makes all the difference in the look and feel of the finished product. Good Luck!