logo

HGTV 'Dream Home' winners reveal what happens after the show

Ksenia Novikova
Jun 29, 2018
12:05 P.M.

While the show offers a life-changing experience, many winners don't get to keep their homes, since moving to a Dream Home could easily turn into a nightmare.

Advertisement

Only six out of the 21 winners of the show since its inception have lived in their homes for longer than a year, according to Country Living, and this has to do with federal income taxes being too high.

This is why to most of the participants on Dream Home rather choose the cash price and vehicle instead of their dream mansion. The costs of maintaining a luxury property, requiring much money and energy, makes it a better option.

Past winners of the show have opened up about what happens after they get the coveted prize. In most cases, they end up selling the home back to developers before the first year. To learn more, follow our official Twitter page, at AmoMama USA.

For most participants, all the effort and costs involved in establishing in such homes is not worthy, especially since the cash prize is enough to purchase a home of their choosing, more adapted to their needs and possibilities

Advertisement

This means that beyond what happens in the end, winning the show can still change a family quality of life in a positive way.

The only contestant that has kept her dream mansion for an extended period was Tina Carlson from California, who won the 1998 edition of the show. Nevertheless, she didn’t get to live there, as she used as a vacation property.

But she had to eventually sell her house after seven years since the federal tax bill became too steep for her.

On the other hand, Dave Rennie, the winner of the 2016 edition of the show, chose to take the cash prize and vehicle, and he doesn’t have any regrets whatsoever regarding the decision.

Rennie said he didn’t have to think twice when it came to choosing between the home and the cash-and-car option, not only due to financial issues but because he and his family didn’t want to leave their hometown in Connecticut.

Advertisement

With the prize money, Rennie was able to remodel his family home in a similar style to the house they had been offered down in Florida. And he also got to have a fancy car for the first time in his life.

‘I had never personally driven a new car. I had bought one for my wife that I would drive it occasionally, but it was her day-to-day car,’ Rennie shared.

‘We'd never purchased a vehicle with all of the bells and whistles, just the basic mode,’ he added.

Advertisement

When a house is sold back to the developer, the network puts the house on the market and, in most cases, the homes are bought within a month.

The 2017 house, located at Urban Oasis, Knoxville, Tennessee, a definite favorite with the public, was sold in a matter of days.

2018’s April winner was a 29-year-old from Nashville named Emily Muniz, who reportedly had put her name into HGTV’s Dream Home sweepstakes for ten years.

The house is located in Gig Harbor, Washington, and the entire prize package is worth over $1.8 million.

Advertisement
info
Please fill in your e-mail so we can share with you our top stories!
By subscribing, you agree to our Privacy Policy
Advertisement
Related posts

Single Dad Pays for Poor Old Woman's Groceries, after Her Death, He Receives a Car as Her Gift – Story of the Day

February 21, 2024

Kevin Costner's Luxurious Ranch in Aspen: Explore the 3-House Estate and Its Rental Rates

January 23, 2024

Man Sells House with His Wife in It, 6 Years Later They Accidentally Meet Again — Story of the Day

March 07, 2024

Why George & Amal Clooney Left Their $13M Mansion – Inside Their Urgent Move with 2 Kids

May 05, 2024

‘Amazing Talent’: David Foster & Katharine McPhee’s ‘Prodigy’ Son Wows Fans Playing Drums Onstage at 3

March 01, 2024

3-Year-Old Girl Dies 'Just a Few Short Miles from Home', Her Younger Brother Luckily Survives: Details

January 22, 2024

Older Man Is Fired 2 Hours after Taking Store Job, Gets $70K for Wife’s Treatment the Next Day – Story of the Day

April 15, 2024

My In-Laws Started 'Forgetting' to Take Their Wallets to Restaurants since I Got My Inheritance

May 05, 2024

My In-Laws Started 'Forgetting' to Take Their Wallets to Restaurants since I Got My Inheritance

March 15, 2024

Woman Comes to Adopt a Kid and Sees Her Late Son There – Story of the Day

January 22, 2024

Newborn Twins Were Left on a Church Doorstep, and There Was No Soul Around – Story of the Day

February 06, 2024

30+ Workers Share Bizarre and Fascinating Insights from Serving the Wealthy

February 02, 2024

After Husband’s Death, Poor Old Widow Finds His Parents’ Will in a Cache in the Wall – Story of the Day

February 05, 2024

5 Celebrities Who Live in Regular Homes

January 24, 2024