Episode Theme: Rental Hypnosis
Asad, a stage hypnotist, needs to rent out his condo while he’s away performing so he can make extra money to develop a broadway show.
Design Theme: Masculine Chic
Purchase Price: $292,000
Realtor Appraisal: $460,000
Increased Property Value: $168,000
Chosen Renovation Option: $20,000 – One bedroom short term rental. Replace floors, gut bathroom, close in bedroom and resurface kitchen. Estimated rent of $1500/week.
Alternate Renovation Option: $30,000 – Two bedroom with murphy bed. Reface and refresh everything and close off section in living room to create a small second bedroom. Include a murphy bed in the living room to accommodate additional people. Estimated rent of $1800/week.
Estimated Weekly Income: $1,700