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

Income Property: Sarah & Jim

Sarah and Jim had five daughters – is it any wonder why they needed an income property? With five college tuitions looming, they were anxious to bite the bullet and make sure their first investment was a smart one. Finding a house to accommodate the family was the first challenge. Fixing the water and foundation issues was the second. What wasn’t a challenge was finding great tenants to pay top dollar for an awesome basement suite.

Design Theme: Suburban Chic

The Numbers

THE NUMBERS

Purchase Price:       $250,000

Realtor Appraisal:       $320,000

Increased Property Value:       $70,000

Chosen Renovation Option: $45,000 – Split level lower floor and basement with 2 bedrooms.

Alternate Renovation Option: $60,000 – Split level lower floor and basement with 3 bedrooms.

Estimated Monthly Rental Income: $1,200

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