Sarah and Bryan Baeumler, known for their show “Renovation Island,” indeed made a significant investment in transforming a rundown hotel into a luxurious resort in The Bahamas, spending over $10 million on renovations after a $2 million purchase. However, despite their success and substantial fortune, they’ve demonstrated a practical and frugal approach to certain aspects of their lifestyle.
After completing the resort, the Baeumlers relocated to Wellington, Florida, where they purchased a 4,500-square-foot home. Despite its size and features like an airplane hangar and stables, the Baeumlers made this decision based on practicality and cost-effectiveness. Bryan mentioned that they bought the house for significantly less than a teardown in Canada, and it’s conveniently close to their Bahamas property, reducing travel time.
When their rental lease ended before their home was fully renovated, instead of moving to a hotel, the Baeumlers chose to live in their RV, opting for simplicity and practicality over luxury.
Regarding the airplane purchase, Bryan explained that owning a plane was actually a cost-saving decision for them. He outlined the financial advantages, noting that the airplane’s cost was less than that of a truck, and they could fly back and forth for significantly less money than commercial flights.
Their time spent on the island taught them the value of prioritizing essentials. They adapted to a simpler lifestyle, where they couldn’t always access items immediately, like groceries, due to the limited availability on the island. This taught them resourcefulness and appreciation for what they had.
Furthermore, the Baeumlers focus on teaching their children about financial responsibility and the value of money. They emphasize the importance of hard work, saving, and understanding the significance of items bought with their own earned money.
Despite their wealth, the Baeumlers prioritize practicality, hard work, and lessons in financial responsibility, showing that their substantial fortune doesn’t dictate their lifestyle choices.