Episode Theme: Scott-Free Vacation
Anne and Jody need to rent out their cottage duplex to afford the waterfront property where they will one day build their dream cottage. This is really a story about taking baby steps toward the dream.
Design Theme: Feet Up & Hair Down Kinda Pretty
Purchase Price: $420,000
Realtor Appraisal: $490,000
Increased Property Value: $70,000
Chosen Renovation Option: $40,000 – Indoor/outdoor renovation with Cosmetic upgrades , new kitchen, brand new washroom, stone patio and modular dock. Expected rent of $1750 in the high season.
Alternate Renovation Option: $30,000 – Cosmetic upgrade with new kitchen and dock.. Expected rent of $1500 per week in the high season.
Estimated Weekly Rental Income: $2000 (in high season)