Buying a House to Renovate – All in with Income Potential for $900,000

We recently helped our clients Jonathan & Moira buy their first family home; a fixer upper with lots of income potential all in with renovations for about $900,000 in a great family neighbourhood in the city of Toronto.

The most amazing part is that the renovation costs will be lumped into the mortgage, the income from the basement apartment will help pay for some of the costs of ownership and this property has “Live for Free” potential once we develop the laneway suite!

In this video Jonathan & Moira have just taken possession of the property and have started construction with our help.

One of the biggest challenges for new homeowners is determining where to start, what renovations to choose that will make the home both livable and add the most value and how to find the right professionals and trades people.

The reason Jonathan & Moira were able to get such a great deal and be in such a great position is really because we worked together as a trusted team.

https://youtu.be/TQFGMgMCzCE

They were able to leverage our renovation experience, the professionals we work with and benefit from our long-term thinking. That’s when the fun really begins: how can they refinance to develop your laneway suite so they can Live for Free?

At Think Real Estate our goal is to be part of your trusted team. To help you long after closing from designing and planning construction, finding architects, engineers, and trades people to ensuring you find great tenants and get top dollar for your rental.

We aren’t just thinking about finding your next home or investment. We are planning your property journey and making sure you are taking the right steps along the way!

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Benjamin Brown

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