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Income Property: Rob & Heidi
Episode Theme: Fostering Independence
Rob and Heidi need an apartment in their basement to help transition their foster kids into adulthood.
Design Theme: Boyz II Men
Purchase Price: $525,000
Realtor Appraisal: $775,000
Increased Property Value: $250,000
Chosen Renovation Option: $70,000 – Spacious two bedroom apartment with open concept living/dining with linear kitchen. Possible rent of $1100 per month.
Alternate Renovation Option: $85,000 – Spacious three bedroom apartment with open concept living and separate laundry. Possible rent of $1400 per month.
Estimated Monthly Rental Income: $1,300
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