In a recent episode of Income Property, host Scott McGillivray meets newlyweds Jerry and Amee. For $55,000, he transforms their 1,200-sq-ft basement into a fully furnished three-bedroom income suite, complete with a kitchen with stainless steel appliances. But is the price realistic?
We asked two contractors to price out the reno below, and even without interior design fees, we found it would cost about twice as much. When asked about the discrepancy, McGillivray’s executive assistant Deidre Budgell said the show’s figures don’t account for contractor’s overhead, profit or the cost of furniture.
The Real Cost of a $55,000 TV Reno