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

Income Property: Alexis & Craig

Serial renters Alexis & Craig were tired of living like college students. Both in their own small apartments, they wanted to invest in a house together and in a high-demand neighbourhood. This was the first foray into homeownership for both of them, and they had to do it in a smart way, since they were both freelancers with irregular income. They really needed my help.

Like many young, first-timers, location won out and they chose a house that required a ton of work. You never know what you’re going to find when you buy an old house and start tearing down walls, but you usually expect at least one thing to go right.

The reno started with good news (the subfloor was at least in good condition), but it went downhill from there. Mold, foundation problems, rodents, and incorrect plumbing made Alexis & Craig start to question their emotional decision.

Design Theme: Urban Retreat

The Numbers

Purchase Price: $460,000

Realtor Appraisal: $510,000

Increased Property Value: $50,000

Chosen Renovation Option: $40,000 – Cosmetic upgrade with new bathroom. Estimated rental income $1000.

Alternate Renovation Option: $65,000 – Enlarge the space to create a second bedroom and dedicated laundry area. Estimated rental income of $1300

Estimated Monthly Rental Income: $1,100

More to Explore...

How Tech Has Changed Real Estate – and How to Make it Work for You

There’s no denying that tech has transformed the real estate business. But here’s something that hasn’t changed — us. Every home buyer still wants to find the right home in the right... Read More »

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 »

Fall Home Maintenance Checklist

The best way to maintain the value of your home is with regular and consistent maintenance, and the best time to do thorough checks of your house is when the seasons change.Read More »