Episode Theme: Shaky Ground
Jen and Paul need Scott’s help to build a basement apartment so they can repay the $82,000 debt incurred by the renovation of their disaster home. But there’s a catch: Jen will only go through another renovation if her old high school friend, Scott McGillivray, is the contractor.
Design Theme: Compact Cool
Purchase Price: $603,000
Realtor Appraisal: $950,000
Increased Property Value: $347,000
Chosen Renovation Option: $65,000 – Gut space and take over homeowner storage space to create larger one bedroom apartment. Expected rent of $1200 per month.
Alternate Renovation Option: $55,000 – Build new walkway then gut entire space and build new bathroom and small open bedroom. Leaves some homeowner storage space at the back of the unit. Expected rent of $1000/month
Estimated Monthly Rental Income: $1,400
