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

Income Property: Robert & Stephanie

Robert and Stephanie’s lives have been on hold for 2 years while Robert waited for his immigration papers. Without being able to work, they were living on Stephanie’s salary and unable to move forward with their income property dream. Now they’ve got to make up for lost time, and lost income. They’re already behind the eight-ball, so getting it right the first time was a must.

If there’s one thing I’ve learned about income properties, it’s that one of the fastest ways to make great cash flow is investing in a student rental, and it just so happens that Robert and Stephanie’s property was in a perfect location for students. With some creative layout and design features, we built them a basement student rental that blew everything else in the area out of the water and demanded top dollar.

Design Theme: College Chic

The Numbers

Purchase Price: $400,000

Realtor Appraisal: $450,000

Increased Property Value: $50,000

Chosen Renovation Option: $35,000 – Gut kitchen, enlarge window, build media wall to divide living space and refresh bathroom. Estimated rental income $800.

Alternate Renovation Option: $50,000 – Remove wall to enlarge living/dining space, redo entire kitchen, new laminate flooring throughout. Estimated rental income $1000.

Estimated Monthly Rental Income: $1,000

More to Explore...

How to Choose Bathroom Tile

Trying to decide what bathroom tile is right for you? These principles of tile selection will help make the job a lot easier.
Light colors can make the space feel bigger
As... Read More »

Countertop Pros and Cons

Confused about what countertops are the best for your kitchen? You’re not alone. From style to color to durability to cost, there are a lot of factors to consider. Here are the... Read More »

Kitchen Trend: Navy Blue Cabinets

I’m not a trendy guy. When it comes to renovating homes for sale or rent, I like to stick with classic designs and neutral colors. After all, these are the things that... Read More »