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

Income Property: Mike & Andrea

Episode Theme: Checks on the Beach

Mike and Andrea need to generate off-season rental income from their beach house so they can acquire more properties for retirement. This is really a story about thinking ahead.

Design Theme: Waterfront Escape

Frigidaire Professional Series

 

The Numbers

Purchase Price: $279,000

Realtor Appraisal: $380,000

Increased Property Value: $101,000

Chosen Renovation Option: $50,000 – Same upgrades as option one but add fireplace and deck. Expected rent of1800/week in high season.

Alternate Renovation Option: $40,000 – Gut kitchen and bath, new consistent flooring throughout, and open wall between kitchen and living space. Expected rent of $1600/week in high season.

Estimated Weekly Rental Income: $1800 (in high season)

More to Explore...

Scott and Juan

Spring Home Maintenance Checklist

There’s no better way to preserve the value of your house than with regular, consistent homemaintenance. So every time the seasons change make sure you do a thorough check of your house... Read More »
Top 5 Real Estate Secrets

Scott’s Top 5 – Real Estate Secrets

When I started investing in real estate over 15 years ago I had no experience and didn't really know what I was doing.  As a result, I made a few mistakes. But... Read More »
Row of Houses on a Snowy Street

Tips for Selling a Home in the Off Season

There will be those who tell you there is no “off season” to sell your home, but for me there are clearly times during the year when the buyer pool is smaller.... Read More »