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Good Bones: A Historical House and a Hot Mess

August 30, 2017

Mina and Karen take the plunge on a vintage house in a historic Indy neighborhood — then endeavor to recoup their hefty investment while restoring the house within strict historic zoning guidelines.

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Photo: Mary Ann Carter/Getty Images

The Little Lexington House

Mina and Karen pose for a pic with potential home buyer, Ryan. For this project, the Mina and Karen splurged on a corner-lot home in the established Fletcher Place neighborhood, an area that contains many vintage homes and is zoned historic. In some ways it's a less risky venture than their other flips — since the property values in this area tend to be more stable. But the initial purchase price was higher than what they typically pay, and renovating in accordance with historic zoning requirements can come with its own special challenges.

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Photo: Mary Ann Carter/Getty Images. From: Good Bones and Historical Hot Mess.

Modern and Masculine

The newly remodeled living room features new engineered hardwood flooring in dark finish, a cool blue palette and modern styled furnishings. "We added some mid-century style chairs and a low industrial glass coffee table," said Karen, "so it fills the space well without making the space feel overfilled."

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Photo: Mary Ann Carter/Getty Images


The footprint of the entire house is tiny, so all the spaces are naturally small. The kitchen, which in Mina's new floor plan is moved forward and contiguous with the redesigned living room, is compact but efficiently designed and laid out with plenty of storage and counter space. 

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Mina and Karen purchased this house in the Fletcher Place neighborhood for $65,000. It came with two bedrooms, one bath, lots of closets and the kitchen located in an addition at the rear of the house. Prior to the renovation, the exterior was painted a dingy yellow, the wood siding was rotted and there were foundation issues. The renovation estimate at the outset was $125,000, and Mina hoped to be able to put the house on the market for at least $230,000.

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