HGTV Dream Home 2011

[wdwiala]

My DD9 has already decided that she LOVES it and is going to win it. It was really fun to watch the show with her.

Anyone else going to "win"?

 

[luvmarypoppins]

It looks amazing. I dont like snow however. I see that if you win you can take a cash option instead.

 

[minniebeth]

It is a beautiful home! They all are, but I wouldn't want to be paying the taxes I'd take the cash option!

The homes I really, really loved are the 2008 Islamorada, Fl. and 2009 Sonoma, Ca. homes.

 

[WendyZ]

Oh yes! We are all packed and ready to move...my son is in heaven! He loves to ski.

 

[MM27]

I would love that house, but I would never be able to keep it because of the taxes. I wonder if any of the previous HGTV winners were able to keep and live in those beautiful homes.

 

[lyncecelia]

I never heard of this? What home and where is it?

 

[Julie*]

My Dad runs a building supply operation in Stowe, VT and they supplied some of the items for the house so he got to take a tour of it when it was complete. He said that it's even more amazing in person than it showed on tv yesterday.

 

[tw1nsmom]

I was looking over the prizes on the website, and I don't think there's an option to take cash instead of the house. What I did see is that the prize includes, in addition to the furnished house and car, $500,000. My best guess is that the money is to cover the taxes. I know in the past that people who have won weren't able to keep the prizes because they couldn't pay the income tax on the prize. I think the addition of the cash prize was to help fix that.

Oh, and DD10 has decided that it is the perfect house for her. We entered, but I'm trying to explain statistics and probability to her. However I don't think the tween brain was designed for logic and probability. She's rather plan how many sleepovers she could have in the bunk room.

 

[MM27]

I never heard of this? What home and where is it?

HGTV gives away a dream home every year. You can go to their website and enter until some time in February. This year the home is in Stowe, VT. They have a virtual tour and pictures on the website so you can see the whole house.

 

[hulagirl87]

I've entered already Hopefully I remember to enter every day! It's a beautiful house. I love the kitchen and I want to sit out on that deck and read a book!

 

[rascalmom]

I watched yesterday and the house is amazing. Would love to have a few weeks in it a year, and use it for a high-end vacation rental enough to pay the property taxes, etc.

Course, I loved a lot of the furnishings.....there would be that temptation to raid it to move things into my OWN home.

We're not a snow sports family - but hubby would love it in the summer for the fishing.

Someone's gotta win, right?

 

[mickeyboat]

I am going to win, sorry all. I only live about an hour from there, so it is most reasonable for me to win.

 

[karenos]

There was an article in Money magazine a few years back (I will search for it) where the winners of the HGTV dream home had to sell it because they were ill-prepared financially for such a home.

It does look beautiful and since my family loves to ski - this would be a tough one to give up!

karenos

 

[pixiewings71]

I am going to win, sorry all. I only live about an hour from there, so it is most reasonable for me to win.

Well if this is the logic then I should have won the house in Sonoma....I'm about half an hour from Sonoma and we love to drink wine....it would have been a perfect fit! LOL

I'm not big on snow but DBF loves it, if we won we'd have to rent it out part of the year to cover yearly expenses but yes, I'd love to win that!!

 

[GAGirlInVA]

We are entering too!

 

[Jennasis]

I thought I remember reading that almost none of the past winners were able to keep their homes due to taxes and that some had even gone bankrupt because of it.


Pretty, but impractical.

 

[Jeninindy]

Found this:

"Grand Prize Winner will have the option of receiving $650,000 in cash in addition to the $500,000 cash prize and automobile mentioned above for a total ARV of $1,201,120."

As beautiful as that house is - the taxes would be a killer!!!

 

[wdwiala]

I would console myself on the sale of the house with my pocket full of cash, maybe spend some time at the spa down the road.

Many of the HGTV homes are built in areas where homes can not be used for rentals i.e. gated communities. So, the rental plan might be out. Its nice that they add the cash to the prize packages these days to make it possible to pay the taxes and keep the house....at least for a little while.

 

[lyncecelia]

Entered for it. I think if we won it though we'd sell it lol.

DBF just looked at it and said "Um no....I'd be afraid to put down my coffee cup!"

But we wouldn't mind the cash prize.....get us *our* dream house closer to home

 

[Tuffcookie]

The cash option is something new. I don't remember it ever being there.

That would be the way to go because even if you could come up with the taxes, who could afford the maintence on this house?

I do have to say, this is my favorite of all the houses HGTV has built!

TC