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New HGTV Show Pays Cash For Home Improvement

These days when even the millionaires don't feel rich, is a $250,000 prize enough incentive for a reality show? It can be if you are facing foreclosure. HGTV's latest show the $250,000 Challenge" offers a smaller prize than many reality shows but you don't have eat any insects to win. The show pits five families in the same neighborhood against each other to compete in a series of home improvement and design challenges. The families who do the best work move on to the next challenge and toward the ultimate goal of earning a newly renovated home and a $250,000 cash prize.

A woman in Sherman Oaks, California, Kelley Alexander, is participating with the hopes of avoiding foreclosure. As a Chicago Tribune article reports, if she loses, she could also lose her home. While other shows in the past have focused on fixing up a house to sell it for more money this show represents an economic shift where most people are renovating with plans to stay in their homes for the long haul. If you have to do it yourself, you may as well get paid for it. The show is hosted by Drew Lachey and starts May 31.

The 2009 HGTV Dream Home

Filed under: Real Estate Developments


HGTV has announced their latest dream home, a Victorian-style home in Sonoma, California. The $2 million prize package also includes a 2009 GMC Acadia. The contest starts on January 1 and runs until February 19. Entrants may enter once per day on HGTV.com or as often as they wish by regular mail. This home marks the first time in 13 years the HGTV Dream Home has been in California. The home is being built by vintner and developer Steve Ledson and is part of his Armstrong Estates project (we previously covered one of his homes as an estate of the day). The HGTV website features video and details on every aspect of the home. I expect the competition will be fierce for this one, but be warned the taxes can be hign on these dream homes as one past winner found out.

HGTV Dream Home 2006

Filed under: Estates

This year's HGTV Dream Home is is more understated than luxurious. The AP reports that for the 10th edition of the Dream Home giveaway, Home and Garden Television created a 5,700-square-foot home in the Blue Ridge foothills overlooking Lake Lure in North Carolina. The home has porches to take advantage of the mountain views and is designed so that the home's owners can live in one wing and guests stay on the other side. Other details include a game room, crafts room, wine cellar and exercise room. If you like the location you can build your own home at Grey Rock in the Lake Lure community which is a collection of over 900 homesites. Pictures of the HGTV home are available on their website.

Please note: To enter the contest: please visit the HGTV site.


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