Income Property Season 3 Episode 11 Single Dad's Solution
- August 11, 2010
In the third season of the popular home renovation show Income Property, viewers are introduced to a new batch of homeowners looking to turn their extra space into a rental unit and increase their monthly income. In episode 11, titled "Single Dad's Solution," host Scott McGillivray meets with a single father who is struggling to make ends meet and is looking for a way to supplement his income while also providing a space for his daughter to grow up in.
The homeowner, named John, is a single dad to his young daughter and is currently working two jobs just to make ends meet. He owns a large home with plenty of space, but it is in need of some serious renovations before he can rent out the basement as a separate unit. John is hoping that with Scott's expertise, he can transform the space into a modern and functional apartment that will attract a long-term tenant.
As with every episode of Income Property, Scott begins by assessing the current state of the basement space. He notes that there is ample space available, but the layout is outdated and the finishes are in need of modernizing. Scott learns that John has a background in construction and has even done some of the work on the house himself, but he knows that he needs help from a professional to ensure that the apartment is up to code and meets all of the necessary safety requirements.
After discussing some potential renovation plans, Scott sets to work creating a customized plan for the space. He takes into account John's budget, the rental market in the area, and the unique needs of his family. Scott plans to create a one-bedroom apartment with a separate entrance, a modern kitchen and bathroom, and plenty of storage space. He also suggests adding soundproofing materials to ensure that both the tenant and John's family can live comfortably without disturbing each other's privacy or peace.
As the renovation gets underway, John begins to see the potential in the space. He helps out where he can, but mostly steps back to allow the professionals to work their magic. Scott hires a team of contractors who specialize in basement renovations to help with the work. They install a new subfloor, lay new tile, and install modern fixtures in the kitchen and bathroom.
As the renovation progresses, John becomes more and more excited about the potential income that the apartment will bring. He especially loves that he will be able to provide a safe and comfortable home for his daughter, as well as a chance to live in a nicer neighborhood with better schools.
The big reveal comes at the end of the episode when Scott shows John the finished apartment. John is blown away by the transformation and can hardly believe that he is standing in the same space that was once a dark and dingy basement. The apartment is bright, modern, and comfortable, with all of the amenities needed for a long-term tenant.
With the renovation complete, John is ready to start the process of finding his first tenant. Scott advises him on how to market the apartment, how to screen potential tenants, and how to set a fair price for rent. John is grateful for all of the help that Scott has provided, and is excited to begin this new chapter in his life as a landlord.
Overall, "Single Dad's Solution" is a heartwarming episode that showcases the transformational power of home renovation. Viewers will be inspired by John's determination to provide for his daughter and will cheer him on as he takes this brave step towards financial stability. Whether you're a homeowner looking to rent out your space or just a fan of home renovation shows, Income Property is a must-watch series that is both informative and entertaining.