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

Income Property: Alison & Deirdre

Episode Theme: Retirement Fixer Upper

Alison and Deirdre are sisters whose only thing in common is their DNA. They’re best friends, confidantes, and partners in crime, but most of all – nothing alike. Alison wants to buy her very own income property, but Deirdre thinks it’ll be a hassle, and discourages the whole thing. Scott helps Alison approach her purchase as a investor versus emotional homeowner. It’s about practicality and functionality, and of course – some sibling rivalry.

Design Theme: City Chic

The Numbers

Purchase Price: $550,000

Realtor Appraisal: $680,000

Increased Property Value: $130,000

Chosen Renovation Option: $60,000 – Single family, 3 bedroom home with a new modern kitchen.

Alternate Renovation Option: $100,00 – Create 2 separate units – main floor plus basement, and second floor units.

Estimated Monthly Income: $3,600

More to Explore...

Mortgage Terminology 101

Real estate terminology can be confusing – particularly when you’re buying your first home – and one of the things people seem to get the most confused about is mortgages. It’s understandable.... Read More »

5 Ways to Get Your Kids Excited about Moving

You’d think that for someone like me, moving into a new home would be a breeze. But for all the years of renovating, building and helping people move, there’s one thing I... Read More »

Scott McGillivray’s Penny Floor

If you watched Moving the McGillivrays, the HGTV Canada series about my adventures building my dream home, you know that when I built my house I put a lot of special, personal... Read More »