With The Right Renovation, Staging, and Team You Get More Money In Your Pocket – Episode #174

Welcome to the Toronto Beaches!  We are south of Queen Street East in a very high demand location.  This is the After Renovations Video.

Jerry Greer, the owner of this Prime Beach Property, has completed his basement renovation and has converted this tired looking apartment into a modern suite.  Some of the major items he renovated were:

New Flooring

New Kitchen

Lighting

Professional Paint Job

Bathroom

Removal of UFFI

New Ceiling

New Electrical

The rents that Jerry was getting before renovations was $1000 / month.  Now he is asking $1500 / month.  Jerry plans on staging the suite to attract a better tenant, more rent, and get it rented faster.

The renovation budget was originally $25,000 and it ended up costing $40,000.  There were a few items that were unexpected as usual with renovations.  Watch and learn.  Nevertheless, Jerry has achieved a 15% Return on Investment with this renovation and increased rent.

With the help of the Renovation Specialist, Jeff Reed, and several other professionals many of these unexpected challenges were able to be resolved.  Hiring the right team can really pay dividends when it comes to real estate…that is my #1 advice for this blog.

Here is the Before Video: Prime Toronto Beach Basement Apartment Before Renovation – Episode #170

Here is the During Video: Jacking Up Floor Joists – Episode #171