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...

How to Add Value in Living Rooms & Dining Rooms

Living rooms and dining rooms are just that – they’re where we live and where we dine. Generally speaking there’s not much to them (other than the decorative elements). The only real... 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 »

How to Take the Stress Out of Selling a Home

Every local market has its own buying and selling cycle, but conventional wisdom tells us that real estate generally hits an upswing in the spring. As the market suddenly gets more competitive,... Read More »