Ep 2. Karen & Kevin

Karen and Kevin are a couple looking to create their dream home. They want to transform their outdated and cramped basement into a functional living space that they can rent out and generate some extra income. In this episode of Income Property, host Scott McGillivray takes on the challenge of transforming their basement, while sticking to a budget of $50,000.

The episode starts off with Scott meeting with Karen and Kevin to discuss their goals for the space. The couple wants a space that is both functional and stylish, with separate living and sleeping areas. They also want to maximize their rental income by creating a space that is attractive to renters. Scott takes on the challenge and makes some suggestions for the layout and design that will add value to the space.

With a plan in place, Scott and his team get to work. The first step is to demolish the existing space and prepare it for the renovation. There are several challenges that need to be overcome, including low ceilings and outdated wiring and plumbing. Scott and his team work to upgrade the infrastructure and install new wiring, plumbing, and insulation.

The next step is to design the layout of the new space. Scott decides to create a floor plan that includes a living room, bedroom, bathroom, and kitchenette. He adds several clever design features, such as a murphy bed and built-in storage, to maximize the functionality of the space.

As the renovation progresses, Scott faces several unexpected challenges. One of the biggest challenges is finding a way to add more natural light to the space. Scott comes up with a creative solution, installing a glass block wall that separates the living area from the bathroom.

The renovation also involves several design elements that add style and functionality to the space. Scott installs new flooring, lighting fixtures, and a sleek kitchenette that includes a mini-fridge, microwave, and sink. He also adds a custom-built bar area that will allow renters to entertain guests.

Throughout the renovation, Scott and his team stay within the budget and meet the timelines. Karen and Kevin are thrilled with the final result, and they can't wait to rent out the space and generate some extra income.

In conclusion, Income Property season 7 episode 2 titled Karen & Kevin, highlights how Scott and his team take on the challenge to transform an outdated basement into a stylish and functional living space while sticking to a budget of $50,000. Scott and his team faced several challenges, including low ceilings and outdated wiring and plumbing, but through creative solutions, they were able to add value and functionality to the space. With a new living room, bedroom, bathroom, and kitchenette, Karen and Kevin are excited to rent out the space and generate some extra income.