Income Property: Lynne & Heather

Episode Theme: Second Time Around

Lynne and Heather need to renovate and rent their country home so they don’t lose a family cottage for the second time.

Design Theme: Cozy Getaway

The Numbers

Purchase Price: $425,000

Realtor Appraisal: $570,000

Increased Property Value: $145,000

Option 1: *CHOSEN* $45,000 – Total cosmetic makeover with new flooring throughout, plus full kitchen and bath remodels. Estimated rent of $1200/week ($4800/month).

Option 2: $60,000 – Everything in option one plus a total kitchen gut, a new fireplace, and turning the workshop into a bunkie. Estimated rent of $2100/week ($7200/month)

Estimated Weekly Income: $2,300 in the high season ($9200/month).

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