Every week, each team will renovate a different property using limited budgets and strict deadlines. The team that adds the most value to their property will be safe from elimination. The team that loses, however, will have one member of their team eliminated by their mentor, either Jonathan or Drew Scott.

Each team is fitted with five talented industry experts, from interior designers and architects to real estate gurus and artists. Team Jonathan (right) is Torche, Mark, Shannon, Inez and Francis. Team Drew (left) is David, Brett, Monica, Christy and Oliver.

The teams' first challenge is to assess the value of a 1951 ranch-style home located in Northridge, Calif. The home has three bedrooms, two bathrooms and is 1,400 square feet. Drew gives the teams a value range of $300,000 to $400,000 for the area on a home of this size. Each team has five minutes to walk through and determine a listing value for the home.

Team Drew estimates $359,000 on the ranch-style home, while Team Jonathan estimates $322,000. The actual listing value is $340,000, making Team Jonathan the winner of the first challenge. Team Jonathan decides to keep this home, while Team Drew heads to a similar home nearby.