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: Dan & Matt

Episode Theme: A Rental Refresh

Dan needs to spruce up his underperforming income property so that when the high season hits he can maximize his profits and grow his rental business.

Design Theme: Collingwood Cool

The Numbers

Purchase Price: $350,000

Realtor Appraisal: $450,000

Increased Property Value: $100,000

Option 1 $60,000 – On the main floor update the mudroom, gut and rebuild the bathroom, and add a sixth bedroom by getting rid of the sauna and stealing some space from another bedroom. Upstairs gets new flooring throughout, the kitchen gets a full upgrade, and the living area gets a new media unit with fireplace. Estimated rent of $1,900/week ($7,600/month).

Option 2*CHOSEN* $75,000 – Includes most of option one but the sauna remains and a new master suite is created out of the existing garage. Estimated rent of $2,300/week ($9,200/month).

Estimated Weekly Income: $2,500 in the high season ($10,00/month).

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 »