Income Property Season 8 Episode 9 Grant & Eve

Income Property is a popular Canadian reality television show that follows the journey of homeowners who transform their homes into income-generating rental units under the guidance of the expert host and real estate investor Scott McGillivray. The show focuses on the renovation of these properties, including budgeting, designing, and ultimately optimizing them for rentability. In the eighth season of the show, we witness a couple named Grant and Eve, who are eager to turn their finished basement into an in-law suite that can generate rental income.

In episode nine of season eight, Grant and Eve have brought in Scott to help them turn their basement into a modern and stylish living space that will attract potential renters. The couple is excited to embark on this journey and can't wait to see their finished project, which will not only serve as a rental space but also a much-needed extension of their home.

The episode begins with Scott McGillivray analyzing the basement's current layout and giving his professional opinion on the design plan. As always, Scott is meticulous in his assessment, ensuring that every detail is taken into account that can positively affect rental potential. He proposes a brilliant layout that separates the in-law suite from the main living area, ensuring that renters have a sense of privacy while still being within the main property.

Grant and Eve love the layout plan and quickly set to work, alongside Scott and his team, to transform their basement into a profitable rental unit. The team begins by knocking down walls and structurally renovating the space, eventually installing insulation, drywall, and flooring before moving on to the design and aesthetic elements.

Scott provides invaluable insights to Grant and Eve on all aspects, including budgeting, decor, and materials. Scott works hand in hand with the homeowners to bring their vision to life, and they even get creative with the decor, sourcing items from a carpenter friend of theirs.

The couple wants a unique-themed space, and they decide on a rustic-industrial feel. With the help of Scott, they source some rugged decor items like wooden furniture, industrial lighting, and even a brick accent wall that brings the whole look together beautifully.

As the renovations come to an end, the episode takes us through the final stages of move-in. This includes setting up the rental unit space with essential items like a laundry area, bathroom, kitchenette, and finishing touches in the bedroom area.

Being a reality show that follows the world of real estate, every episode of Income Property features a financial critique of the property value and how it has risen or declined in the past period. In this episode, the financial assessment reveals that the money invested in the renovation of the basement has not only increased the value of the home, but the couple is also set to make a profit from renting out the newly renovated space.

In summary, episode nine of season eight of Income Property is a thrilling journey of Grant and Eve's renovation of their basement into a rental in-law suite. Scott's expertise is evident as he guides the couple through the process, imbuing valuable knowledge and insight into the intricacies of creating a profitable rental space.

The episode showcases the transformation of the basement from a drab and dingy space to an impressive in-law suite that is both stylish and modern. The rustic-industrial decor gives the space a warm and welcoming feel with all the amenities needed in a rental space. The renovations proved to be a significant investment and addition to the house's value, effectively providing Grant and Eve peace of mind and a new revenue stream.