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...

Renovation Health Check: Mold and Air Quality

Mold can be a real problem in basements so it’s important to stop it before it starts. In any renovation project, and particularly basement, kitchen and bathroom renovations, you need to take... Read More »

How to Create a Renovation Budget

A large number of people spend more than they plan during a renovation. Sometimes it’s because of unexpected problems that come up, sometimes it’s because someone changes their mind about what they... Read More »

Know Your Limits: DIY vs Contractor

It’s a very fine line between what can be considered a DIY project and what requires a professional contractor – and the answer varies depending on the person. I’ve seen some people... Read More »