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

Income Property: Jessica & Aaron

Newly engaged couple Jessica and Aaron were looking for their first home together to start the next chapter of their lives as a couple on the right foot – and get Aaron out of his parent’s house. They had a big wishlist and didn’t want to bite off more than they could chew, so it was up to me to find them a happy medium.

A surprise announcement put an extra urgency to getting this renovation done quickly and on budget, but no renovation comes without its surprises. Electrical problems pushed Jessica & Aaron’s budget to the max and caused unexpected delays, so I used the opportunity to teach these homeowners how to tackle some projects themselves, but also when to call in the professionals – all in an efforts to make the most out of their investment.

Design Theme: Hot Classic

The Numbers

Purchase Price: $490,000

Realtor Appraisal: $570,000

Increased Property Value: $80,000

Chosen Renovation Option: $50,000 – One bedroom apartment with expanded bathroom, open concept living/dining area and renovated kitchen. Estimated rental income $850.

Alternate Renovation Option: $60,000 – Two bedroom apartment with new kitchen, bathroom, ensuite laundry, and open living space. Estimated rental income $1000.

Estimated Monthly Rental Income: $1,350

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 »