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
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