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

Income Property: Rodrigo & Ana

High stakes? Rodrigo and Ana had them. Not only was this investment property funded by the retirement savings of Ana’s parents, but the couple needed the income to fund opening an orphanage in Rodrigo’s native Ecuador. They needed cash flow and they needed it quickly. Torn between locations, the prime downtown neighbourhood won out in the end.

The house they picked, well, it needed some work. A lot of work. But their choice of option 2 – a furnished executive rental – while a big investment, was the best way to get them closer to their goal. Executive rentals have to scream “high end”, but we found some smart ways to get the luxury look for a fraction of the cost.

Design Theme: High Style

The Numbers

Purchase Price: $505,000

Realtor Appraisal: $650,000

Increased Property Value: $145,000

Chosen Renovation Option: $100,000 – Gut everything and create executive rental with new open concept and high end upgrades. Estimated rental income $3000.

Alternate Renovation Option: $85,000 – Cosmetic upgrade including new kitchen, new flooring, and reconfigured bathroom. Estimated rental income $2650.

Estimated Monthly Rental Income: $3,000

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 »