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

Income Property: Allan & Nasreen

Allan and Nasreen were a unique couple with a unique vision for their income property. This home had to check a lot of boxes: not only did it have to be a place for Allan and Nasreen to live, but it also had to function as a reiki studio for Nasreen’s new business. It also had to serve as a place to house international reiki students coming to Canada to study. As first time homeowners and first time business owners, Allan and Nasreen had a lot on their plate. After carefully choosing the perfect property, demolition of the space revealed one of the worst carpenter ant infestations we’ve ever seen and a mechanical room layout issue meant changing the plumbing plans. My job was to help bring the positive energy back to Allan and Nasreen’s income property.

Design Theme: Zen Retreat

The Numbers

THE NUMBERS

Purchase Price: $500,000

Realtor Appraisal: $600,000

Increased Property Value: $100,000

Chosen Renovation Option: $75,000 – Two bedroom apartment with convertible wall for reiki space and spa bathroom. Estimated rental income $1100.

Alternate Renovation Option: $65,000 – One bedroom apartment with spa bath. Estimated rental income $900.

Estimated Monthly Rental Income: $1,200

More to Explore...

Home Buying Tips – Don’t Become a Real Estate Horror Story

Real estate horror stories aren't uncommon. People get in over their heads and end up in financial ruin. And while bad luck can happen to anyone, these situations are rarely the result... Read More »

Toronto Area Home Prices – A Sign of What’s to Come?

Some of the best real estate investing opportunities come up when the market is in a downturn, so when I see prices going down, or when I see value-adding incentives being included,... Read More »

Vacation Property Maintenance & Safety

Do you have, or are planning to purchase a vacation property? Just like with your regular home, vacation property maintenance and safety should be a high priority. It’s very important that you... Read More »