Tracey fell in love with her home the first day she saw it. In the ensuing months, she has done more destruction than construction and has lost the passion she once felt for her home. Tracey needs to complete the renovations in the upper unit and get it rented in order to finance the renovations for her own apartment and fall in love with her house again.
S3, Ep 8: Rushad and Lizzy Rushad wants to move out of his parents’ house and into the triplex he bought last fall. Unfortunately, unless he can get the main floor/basement suite renovated and rented, that’s never going to happen. Rushad needs the income from two of the three suites to help cover his costs.
During 18 months of unemployment, Crystal came to depend on her improvised, second floor apartment to avoid defaulting on her mortgage while racking up major debts to keep the house running. The tenant is now gone and the debts accumulated will take years to pay off without a consistent income from the half story apartment.
Laura & Peter need to convert the office space in the basement into an apartment suitable for their cool neighbourhood in order to take control of their spiraling debt and mortgage payments. Without the rent, Laura and Peter will have to face the fact they cannot afford the house and will have to sell.
Courtney & Emily need to get their unfinished basement renovated to a high standard apartment ASAP to be able to afford the extra $100,000 mortgage they took on to buy the home. Without the extra income they will burn through their savings trying to keep up with the large payments and eventually have to consider selling the house.