Saving A Money Pit
Episode HINPR-303HSee all Episodes
February 08, 2013
4:30 PM e/p
Courtney and Emily paid $140,000 over asking for their semi-detached house, winning out over more than a dozen offers. They justified the purchase with the decision to build an income suite in the basement to help cover the additional mortgage costs. Now that they have moved in, the reality of tackling such an enormous project on their own has begun to sink in. They interviewed contractors for the project and have not been able to persuade anyone to take on the renovation because it is either ''too large'' or ''too small'' a project. They can afford to float their mortgage for a little while longer, but the reality is that their dream home is a money pit and is on track to drain their financial resources faster than they can imagine.