Episode Theme: Home Sweet Income Property
Karen and Kevin are a twenty-something suburban couple totally in love, totally committed – and totally not on the same page. Kevin wants a real estate empire, and Karen wants nothing to do with it. Where Kevin sees opportunity, cash-flow, and excitement, Karen sees hardship, debt, and drama. Scott settles this couple’s differences, by showing them how to make a smart, wise, and most of all safe, investment.
Design Theme: Suburban Comfort
Purchase Price: $335,000
Realtor Appraisal: $425,000
Increased Property Value: $90,000
Chosen Renovation Option: $55,000 – 2 bedroom that leaves an additional storage area for the homeowners.
Alternate Renovation Option: $60,000 – 3 bedroom basement apartment ideal for family or students.
Estimated Monthly Income: $1,100