You’re a first-time homeowner in a hot real-estate market. You’ve bought a house but now you’re wondering, can I actually afford it? You want your investment to grow and you know you don’t want to be house poor. Your mortgage is high and your cash is low, so what do you do?
Income Property is a series about first time homeowners and their urgent goal: to put an income suite in their home to help out with the mortgage payments AND increase the value of their home sweet home.
Host Scott McGillivray is a hot property who knows all about hot properties – he owns 18 income-generating homes that he has converted and renovated himself. In every episode of the series, Scott will offer design options, prepare plans for a conversion and manage the construction of a rental suite in the participating couple’s home.
The key is organization and planning. Scott has honed his organizational skills during the hundreds of renovation projects he has overseen, and it shows. He exudes confidence and skill and his easy-going manner and engaging wit will help lead new homeowners through the ups and downs of renovating an income suite. A renovation is never an effortless endeavor but Scott makes it attainable and even fun – especially when the result is an income suite with great earning potential delivered in record time.
"Income Property" delivers efficient and cost effective renovations designed to help out first time homeowners. There is elegance and beauty in the most simple and straightforward design choices and with the help of state of the art renovation plans enhanced by dazzling 3D animation; Scott will show our new homeowners the path to success. With first time homeowner budgets in mind and clever design ideas, Scott will deliver smart and simple rental suites.
In a world of hot market cities, the only way in is Scott’s way out: an income property that generates money and helps young homeowners make their real-estate choice a livable one. (Source: HGTV)
After attempting a career change, Joe fell into serious financial trouble. He needs to downsize to a smaller home with an income property so he can pay down his looming debts. Scott shows Joe and his brother a detached two-storey home, a semi-detached bungalow, and a split-level duplex.
Nick and Karen are trying to start a family. They want to upsize from their condo, but to afford the house of their dreams, it has to have an income property. While they wait for the stork to arrive, Scott shows them a Victorian Triplex, an American Colonial home, and a Tudor-style home.