Budget Breakdown: A Young Couple Turn a Termite-Infested Shack Into a Luxury Home for $46K

Before: The original house, purchased for $7,000, was a "termite-infested nightmare made of diesel-soaked palettes" say Mike and Lauren. The couple were drawn to the home's renovation potential, its proximity to San Jose and Pacific Coast beaches, and its elevation (over 3,000 feet) that affords stunning views.