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

Income Property: Alex & Casey

Episode Theme: Pricey Property Payback

Alex and Casey need to renovate and rent out their cottage to meet their mortgage payments because they bought it before they could comfortably afford it. If the cottage expense is too much of a burden, Alex and Casey will sell the cottage before they even get the chance to enjoy it.

Design Theme: Family Getaway

The Numbers

Purchase Price: $640,000

Realtor Appraisal: $770,000

Increased Property Value: $130,000

Option 1: $50,000 – Main floor – gut and rebuild the kitchen and bathroom and include new flooring and finishings in the sunroom. Install a proper railing. The basement gets a new mudroom and all new carpet. Estimated rent of $2000/week in the high season ($8000/month).

Option 2 *CHOSEN*: $80,000 -The same as option one but will expand the kitchen by taking space from the bathroom. The bathroom gets relocated to the front bedroom area. The downstairs bedroom gets finished to make up for the lost space. Estimated rent of $2300/week in the high season ($9200/month).

Estimated Weekly Income: $2,700 in the high season ($10,800/month).

More to Explore...

Scott’s Top 5 Real Estate Resolutions

Thinking of buying a property this year? Whether you're a real estate investor or purchasing your first home, put these real estate resolutions at the top of your list.

I Will... Read More »

Are You Ready to Buy a House? Take the Quiz!

Buying a home feels like a rite of passage for most people. You hit a certain stage of life, and buying a house seems like the thing to do. But contrary to... 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 »