Olivette Road Restoration

If you read my last blog post about Empowering Women in Real Estate, Preserving Small Footprint Houses and Adding More Affordable Housing to the Market, then you’re already aware how incredibly excited I am by these areas of investment.

This 900 sq. ft. house on Olivette Road—originally presented to me as a tear-down—turned out to be another great opportunity for me to actively further all three of these passions.

I felt inspired to preserve the property and its affordability by rehabbing it and eventually adding it back to Asheville’s more affordable income bracket inventory.

In addition to that, I was once again able to partner with an aspiring female investor who possessed the drive and desire to take on large projects and learn about the process of flipping houses. I felt grateful to pass on the wisdom and experience I have collected through my many years of experience in the industry. 

Now, generally when a house is labeled a tear-down, a larger, more expensive home ends up being built in its place. This quickly becomes problematic when dealing with land, as small builders have to compete with large builders who can generally pay more for land because they turn bigger profits overall. A newly built, larger home can push a once affordable property to a much higher price point, often beyond affordability for most. 

To rehab this property and bring it up to current code, we addressed issues in everything from plumbing and electric to flooring, framing and fixtures. We even added a back deck.

In the end, we were able to restore and relist Olivette Road in a price bracket with historically low inventory.