Welcome to the Episode Guides! Check out your favorite episodes, complete with Source Guides, to help with your design and renovation planning.

Income Property: Justin

Episode Theme: Music to Your Rental Ears

Justin used his life savings to buy his dream home by the lake. But with his unconventional career and unpredictable income he needs rental income to help sustain it.

Design Theme: Modern Cottage

The Numbers

Purchase Price: $510,000

Realtor Appraisal: $600,000

Increased Property Value: $90,000

Option 1*CHOSEN* $50,000 – Gut and reconfigure the kitchen, turn the existing tub room into a dining room, open up the second bedroom for more living space, expand the existing bathroom, new windows and floors throughout, and a new wood stove. Estimated rent of $1,200/week in the high season ($4,800/month).

Option 2: $70,000 – All of option one but keep the second bedroom intact. Exterior makeover – replace siding and add outdoor shower with privacy fence. Estimated rent of $1,450/week in the high season ($5,800/month).

Estimated Weekly Income: $1,500 in the high season ($6,000/month).

More to Explore...

How to Take the Stress Out of Selling a Home

Every local market has its own buying and selling cycle, but conventional wisdom tells us that real estate generally hits an upswing in the spring. As the market suddenly gets more competitive,... Read More »
Scott McGillivray and Crew

How to Hire a Contractor (and the rest of your renovation team)

One of the most common questions I get is “can you recommend a contractor in my area?” The answer unfortunately is no. I have a trusted group of people I work with... Read More »

Basement Flooring Options

When deciding the best type of flooring for your basement, there are a few things you need to think about. Price is obviously a big one, but so is lifestyle, the style... Read More »