Ep 15. Mother Daughter Mortgage

In season 7 episode 15 of Love It or List It, the hosts, interior designer Hilary Farr and real estate expert David Visentin, meet a mother and daughter duo who are struggling with their outdated home and mortgage dilemma.

The episode focuses on an older home that the mother and daughter have lived in for quite some time. They love the neighborhood and community, but the house no longer works for them. The daughter, who has her own family, is living in the basement because there isn't enough room in the main living area. Meanwhile, the mother is dealing with the effects of aging and needs a more functional space.

Hilary is tasked with finding solutions to modernize and maximize the space while David is tasked with finding a new home that meets all of their needs within their budget. The biggest hurdle they both face is the fact that the mother has a significant mortgage as a result of a home equity loan she took out years ago. This complicates the decision to either stay and renovate or sell and move.

Hilary proposes a complete overhaul of the outdated layout of the house to create a functional and open living space. She plans to remove walls and reconfigure the kitchen and living areas. Additionally, she wants to turn the basement into a more livable space for the daughter and her family.

On the other hand, David takes the family on tours of various homes to help them better understand what they can get within their budget. They visit a range of properties, from smaller ones with a lot of character to more modern homes that offer more space. David tries to find a balance between location, size, and budget.

Throughout the episode, tensions run high between the mother and daughter as they struggle to agree on whether to stay and renovate or move on to a better-suited home. Hilary and David offer their expertise and guidance to help them make the best decision for their family.

In the end, the family has to weigh the benefits of renovating their current home, which could reduce their mortgage, versus moving to a more updated and modern property. Will they choose to love it and stay or list it and move on to a better-suited home? Tune in to season 7 episode 15 of Love It or List It to find out.