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Income Property is a show on the HGTV Network, starring Scott McGillivray. Scott, a carpenter by trade, has renovated over 20 income generating homes that he converted and renovated himself. Each week, he assists homeowners, by offering design options to renovate an otherwise unused space and create a potential income suite. The goal is to generate income that will lower the homeowner's monthly mortgage payments, and add value to the property. The space selected to renovate is usually the basement area.

In each episode, Scott meets with the homeowners to assess the space. Generally, the space has electrical, plumbing, code, and layout issues. He provides them with two options, each having an estimation of return on investment by way of monthly rent received for it. The homeowner decides which option will work best for them based upon their budgets. Once an option is selected, Scott, the homeowners, and a team of electricians, carpenters, and plumbers get started with the renovation. The spaces often will require that walls be demolished, changes in the electrical wiring, and flooring resurfacing. Because of these extensive renovations, quite often, an inspector is required to visit the property to ensure the wiring, plumbing and firewalls are up to code and comply with the housing authorities. Once inspections are approved, the next phase of the renovation continues. Scott asks the homeowners to stay out of the space when the renovation is nearly complete, so they will be surprised at the final reveal.

Once the renovation is complete, a real estate appraiser comes in to assess the value of the income suite with the new changes. They also provide an estimation of the amount of rent the homeowners should charge. A stager brings in furniture, appliances and accessories that will show off the space, and give it the wow factor to potential renters.

By the end of the episode, the newly developed space is revealed to the homeowners. Scott informs them of the increased value of the home and the estimated market rents. He also advises the homeowners of what features should be included in a newspaper ad to rent out the space.

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Wednesday 9:30 PM et/pt on HGTV
8 Seasons, 90 Episodes - Currently Airing
Reality, Home & Garden
9.8/10
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Income Property Full Episode Guide

  • Eve and Grant have a growing family, and are ready to purchase their first home, but it must have an income property so they can afford to visit Grant's family in Australia every year.

  • Sidra searches for an investment property so that she can honor the hard work and sacrifice of her parents, while also fulfilling her secret desire to become a contractor. Without Scott’s help, Sidra is afraid she won’t become a successful real estate investor, or even worse, won’t be able to prove to her parents that all of their hard work and sacrifice paid off.

  • Nick and Karen want to move on to the next phase of their life by starting a family. They want to upsize from their condo, but to afford the house of their dreams, it has to have an income property.

  • Erin needs to move out of her cramped condo so that she can have more space and a yard for her dogs.

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