How To Add Value When Flipping a House – Episode #187

We are located in East York Toronto and renovating a bungalow with the intention of flipping it. In this video Jeff J Reed and I discuss the key items you need to do in a renovation to add significant value.

A ton of tips and secrets shared in this video…enjoy!

If you are looking for a bungalow to renovate feel free to contact me…I would be happy to help you.

Here are the other videos related to this renovation project:

East York Bungalow Before Renovation – Episode #185

Lifting a House With Jacks – Episode #186

Lifting a House With Jacks – Episode #186

Learn on to save $25,000

In East York Toronto the average ceiling height in a basement is 6’2″ which is not that high. In order to get over 7 feet in a basement you either can underpin which can cost at least $30,000 or if you find a wood framed bungalow then you can lift the house with jacks for approximately $6,000 and get the similar results.

Check out this video and see how we managed to lift this bungalow by jacking up the house.

Ultimately, the results we are looking for are to gain more value for the house by adding a decent living space in the basement for a live-in family or to add a basement apartment and obtain much higher rents.

Here are the other videos related to this renovation project:

East York Bungalow Before Renovation – Episode #185

How To Add Value When Flipping a House – Episode #187

East York Bungalow Before Renovation – Episode #185

This renovation will set a new precedent for bungalows in East York! What we plan on doing with this place will blow your mind!

We plan on lifting the entire house on jacks, opening up the ceilings to create loft space with cathedral ceilings, and adding a rustic cottage look that will surely have all potential buyers fall in love with this place.

Managed by the renovation expert Jeff J Reed. You know there will be some exciting stories to share:)

Here are the other videos related to this renovation project:

Lifting a House With Jacks – Episode #186

How To Add Value When Flipping a House – Episode #187

Investing In Hillcrest Village Toronto Legal Duplex – Episode #184

We are in Hillcrest Village in Toronto and this is a continuation from Episode #183 – Investing in Hillcrest Village Toronto Gut Renovation. The owner Nawar Naji has completed his $180,000 renovation in creating this high end executive style duplex. This episode will show the finished product and Episode #183 will show you the before picture. This renovation project is truly a “role model example” of what many of my investor clients aim to do.

The purchase price of this house was $525,000. Nawar stayed on budget of $180,000 in his renovation. It took exactly 4 months to complete this renovation and that includes Nawar going to Committee of Adjustments. Furthermore, Nawar was able to rent the upstairs apartment for $2780 / month plus utilities and $1250 / month plus utilities for the basement apartment. For a total gross income of $4030 / month. The rental demand was incredible! He was able to rent the upstairs within a week or two of advertising it. After all expenses, Nawar will be cash flowing close to $1000 / month! Many people wonder who in the world would pay this much for rent when they could simply buy a place? The rental market in Toronto (especially certain hot pockets) is in very high demand and has been for quite some time. There are always people looking to rent quality suites…especially the young executive professionals who need a couple more years until they buy their own home, but need a place to rent in the mean time.

Well done Nawar! Thank you for sharing your renovation project details with our viewers…I know this will educate and inspire others to do similar things.