We HATE the term 'house flip' and keep trying to come up with something new. You've seen the TV shows that show 'flippers' buying houses, occasionally stopping by to yell at the contractors and reaping enormous profits, all in a few weeks. Even Wikipedia has a House Flipping definition - buying real estate and quickly reselling it for a profit.
So, how do you describe people that purchase a house, carefully updating it to reflect its historic past - while ensuring it has the amenities required for today's lifestyle? And we don't occasionally drive by, we're working at the house all day, every day. That doesn't fit the model of a TV house flipper.
So, what could be a new term? Any suggestions? We'd love to hear your ideas!