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 & Vita
Episode Theme: Invested Interests
Mike and Vita are successful professionals, but when it comes to the world of income properties, they’re on brand new turf. They want to purchase a dedicated rental property with long term value. Scott guides this couple on how to find the right house in the right neighbourhood.
Design Theme: Ultra Upcycle
Purchase Price: $699,000
Realtor Appraisal: $800,000
Increased Property Value: $101,000
Chosen Renovation Option: $50,000 cosmetic upgrade (refinish floors, paint ecabinets, new tile, etc.) Expected rent of $2700 per month.
Alternate Renovation Option: $100,000 – Divide the house into two apartments and completely rebuild both. Total rent could be $3500 per month.
Every local market has its own buying and selling cycle, but conventional wisdom tells us that real estate generally hits an upswing in the spring. As the market suddenly gets more competitive,... Read More »