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

 

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)

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