Renovation in exchange for lower rent ?

That's right! I thought this was a pretty fantastic read on the NY Times website. (One of my favorites)! Talk about a renovation decision (in a rental) that is worth your while!  

With the economy being so shaky these days, Todd & Marlene Capron decided to renovate a run-down apartment in Prospect heights, Brooklyn all by themselves in exchange for a rent reduction for their landlord. Now that is a deal! Here are pics of the reno, but you can read all about this genius idea here!

I love how they brightened the walls behind the mantle! So, what do you think of renovation in exchange for rent reduction? 











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