Before-and-After Makeovers From Income Property

Check out the transformations the Income Property team made happen.

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Before

First-time homeowners Connie and Sebastian have big ideas for their 100-year-old Victorian semi-detached home. They want to rent out the basement as an apartment to help offset their mortgage costs. But according to Scott McGillivray, host and real estate expert, the living room area alone (pictured above) needs tons of work in order to make it rent-ready.

After

After repairing the too-low ceiling and replacing the drywall and electrical wiring, among other major renovations, the basement is now a welcoming, safe place for would-be tenants.

Before

Heather bought a newly renovated bungalow with a ready-to-rent, two-bedroom basement apartment and thought she was getting into a turnkey operation. However, soon after she moved in, the basement began to fall apart. The plumbing, the heating, the bathroom — nothing seemed to work. Before she knew it, she had spent $40,000 on repairs with no end in sight. She needs to finish the basement and rent it out in order to even consider keeping her house.

After

Thanks to host and real estate guru Scott McGillivray's expertise and a hard-working crew, this two-bedroom basement apartment is now ready for the market.

Before

Samantha and Andrew bought their first home with a built-in, fully functioning basement apartment. They were told the previous owner had been renting the basement for $800 a month, which was exciting news to them. But when closing day arrived, they were shocked to see the actual condition of the basement. Now Samantha is between jobs and they are desperate to take some pressure off of their finances. Fixing up this existing income suite seems the obvious solution, but it's going to take a lot of work and some brilliant design ideas.

After

That's where Scott McGillivray comes into the picture. The host is an expert at making moneymakers out of basement apartments. Along with a crew of pros, he devises a plan to repair and renovate this place into an attractive, comfortable living space.

Before

Peter purchased an expensive, fully renovated Victorian in a hip downtown neighborhood last year. Adding a potential rental suite in the basement was his plan and the key to bringing down his substantial mortgage. But with a demanding new job, lots of travel and new interests, Peter hasn't gotten around to getting that basement ready and rented out. He would like his rental suite to give him security and the freedom to make a career change down the road — to maybe even fly solo.

After

Host and real estate expert Scott McGillivray and his crew have repaired the serious water damage coming from one of the basement windows as well as a leaky roof. They also implemented Scott's design plan and created a spacious, modern place that's ready to rent.

Before

Kathryn, Jay and their two young boys have outgrown their home and are looking to move to a larger one. However, their place hasn't appreciated as much as they would have liked. They need an income suite to increase the value of the house and generate the capital to pay the mortgage in full so they can start saving for a bigger home. Scott McGillivray, host and real estate expert, signs on to help them turn their cluttered basement into just that space.

After

Now the space is a stunning basement apartment that includes a kitchen and shared laundry facilities with the homeowners.

Before

Stephanie and Kirk bought their dream house three years ago and have since spent every waking moment improving the condition of each of the three apartments in the building. Now they are thinking about starting a family and someday would like to be able to take over the whole house. They intend to keep the basement as an income suite to give them long-term security. With changes and upgrades made to the basement apartment they are hoping they can charge a higher rent and make the most of that space.

After

Real estate expert Scott McGillivray devised and teamed up with a crew to implement an open-concept plan for the kitchen/living room of the basement that is sure to appeal to potential renters. Adding a new spacious bathroom provides a nice finishing touch.

Before

Beatrice and Tai went way over budget when they purchased their dream home, and as soon as they moved in, they took the advice of a relative and began digging a hole in their basement to upgrade the old plumbing system. They never finished the project. Now they would like to transform the unfinished space into an income suite to offset the high mortgage payments.

After

Real estate pro Scott McGillivray suggests creating a one-bedroom apartment that uses the crawl space to house an efficient combo furnace/hot water unit. Moisture issues, ill-fitting windows and uneven walls had to be tackled in order to make that happen.

Income Property

Before-and-After Makeovers From Income Property

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