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
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).