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: Caitlyn & Ron

Episode Theme: Mission: Independence 

Caitlyn needs to renovate and rent her waterfront home in order to set herself up for long term financial independence.

Design Theme: Country Comfort

The Numbers

Purchase Price: $286,000

Realtor Appraisal: $375,000

Increased Property Value: $89,000

Option 1: $45,000 -Gut and install brand new kitchen, new floors throughout, bathroom transformation and bedroom refresh. Living and dining areas will get furnishings plus new wood stove. Estimated rent of $1,200/week in the high season ($4,800/month).

Option 2:*CHOSEN* $65,000 -All of option one plus an improved layout in the kitchen. Expand master bedroom and add fireplace. Estimated rent of $1,500/week in the high season ($6,000/month).

Estimated Weekly Income: $1,600 in the high season ($6,400/month).

More to Explore...

Scott and Juan

Spring Home Maintenance Checklist

There’s no better way to preserve the value of your house than with regular, consistent homemaintenance. So every time the seasons change make sure you do a thorough check of your house... Read More »
Top 5 Real Estate Secrets

Scott’s Top 5 – Real Estate Secrets

When I started investing in real estate over 15 years ago I had no experience and didn't really know what I was doing.  As a result, I made a few mistakes. But... Read More »
Row of Houses on a Snowy Street

Tips for Selling a Home in the Off Season

There will be those who tell you there is no “off season” to sell your home, but for me there are clearly times during the year when the buyer pool is smaller.... Read More »