Welcome to the Episode Guides! Check out your favorite episodes, complete with Source Guides, to help with your design and renovation planning.

Income Property: Sidra

Sidra was out to make her parents proud. Having sacrificed so much to give her a better life, Sidra’s parents were the inspiration for her foray into buying an investment property. Her other inspiration? A secret desire to be a contractor. The property Sidra chose was a massive undertaking and wasn’t without its issues. A entire roof re-do, serious electrical problems and some surprise building code upgrades gave her a real taste of what it takes to be in the income property business.

Design Theme: Timeless Trimmings

The Numbers

THE NUMBERS

Purchase Price:          $730,000

Realtor Appraisal:          $915,000

Increased Property Value:          $185,000

Chosen Renovation Option: $80,000 – Open concept 2-story, three bedroom apartment. Estimated rental income $2200.

Alternate Renovation Option: $80,000 – Roommate rental with bedrooms on 1st floor and living/kitchen on 2nd floor. Estimated rental income $2400.

Estimated Monthly Rental Income: $2,500

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