(co-written by Sue Ann)
Next in the series on Lessons Learned from our recent projects is the Taylor Homestead project. We knew it was going to be a challenge, but we’d wanted to do a house in that area for a long time, and were excited by the potential in the place. Yes, there was a lot of potential, but our private money funding did not give us the budget to do all the things that would have truly made the house a home. So, basically, we made it cleaner and safer, so someone else could finish the rehab or rent it out.
How Did We Do?
It appears that we lost money on this one. Factors include how long the project took to get started and the fact that we sold it for much lower than we actually intended to sell it for, because an old listing was still up and we felt obliged to honor it. Continue reading