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

Income Property: Grant & Eve

Grant and Eve had traveling on the brain. Annual visits to Australia to see Grant’s family run them $10,000, so they needed an income suite to make sure they could bankroll the yearly trips. When I met them, they were living with Eve’s dad, so the urgency to find a house of their own that could accommodate their family and help pay the bills was apparent. An extra catch? Wanting to stay in their current neighbourhood to stay close to Eve’s family and keep their kids in the same school. Grant was one of the most competitive homeowners I’ve ever met and his enthusiasm was contagious. A water mystery almost sunk the reno ship, but in the end, it was a “g’day mate”.

Design Theme: Light and Bright

The Numbers

THE NUMBERS

Purchase Price: $537,000

Realtor Appraisal: $650,000

Increased Property Value: $113,000

Chosen Renovation Option: $50,000 – Two bedroom basement apartment with new kitchen and 4-piece washroom. Estimated rental income $1200.

Alternate Renovation Option: $75,000 – 3 Bedroom, 2 Bathroom apartment with large kitchen. Estimated rental income $1450.

Estimated Monthly Rental Income: $1,300

More to Explore...

Real Estate Deal Breakers

I’ve done a lot of real estate deals in the past 15 years and I’ve seen just about everything there is to see when it comes to the condition of a property.... Read More »

Why You Should Sell Your House in the Fall (and How to Prepare)

The warm-weather housing market might be coming to a close, but don’t worry – there’s still a chance to find a buyer before the end of the year. In fact, you could... Read More »

How to Win a Bidding War

The title of this post is a little misleading, because as far as I’m concerned, there’s no such thing as “winning” a bidding war. But in markets where demand is high and... Read More »