Who Actually Wins (and Keeps) the HGTV Dream Home? | Amanda Paige Inman (2023)

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FAQs

Does anyone keep the HGTV Dream Home? ›

In some years, the winner is giving the option of choosing a cash prize instead of taking possession of the Dream Home itself. If the winner chooses this option, they receive the associated prizes like the vehicles, cash, and furnishings, but HGTV retains the rights to the house.

How much taxes do you have to pay if you win the HGTV Dream Home? ›

All federal, state, and local taxes on the Grand Prize are Grand Prize Winner's responsibility. The Grand Prize Winner will be issued a 1099 tax form for the actual value of the Grand Prize.

Have they picked the HGTV Dream Home Winner? ›

Meet the lucky winner of HGTV Dream Home 2022 in Warren, VT. A huge congratulations to Karey Wolstenholm of Overland Park, KS! She is the winner of the HGTV® Dream Home 2022 sweepstakes, a grand prize package valued at over $2.4 million.

How many HGTV Dream Home winners kept the house? ›

And, it seems the winners don't even get to enjoy their dream digs for very long. Country Living reported that by 2018, with over 20 HGTV Dream Home winners crowned, only 28% of the winners actually lived in the home for over a year.

Has a Winner been chosen for the HGTV Dream Home 2022? ›

Brian Patrick Flynn delivers a jaw-dropping surprise to the winner of the cabin-inspired HGTV Dream Home 2022 in Vermont, an all-new Jeep Grand Wagoneer and $250,000.

Did anyone win the HGTV Dream Home 2022? ›

In 2022, HGTV superfan Karey Wolstenholm won the sweepstakes and walked away with the grand prize package valued at over $2.4million.

How much are taxes on HGTV Dream Home 2022? ›

Santo said the winner also has to pay income tax. According to HGTV, the grand prize includes the fully furnished house, plus $50,000 cash, valued at a total of about $684,000. Santo says the winner will be taxed at the top federal rate of 37 percent. Add on state taxes, and they'll owe between $238,000 - $266,000.

How much is the HGTV Dream Home 2023 worth? ›

Enter daily, once at HGTV.com and once at FoodNetwork.com, for your chance to win HGTV Dream Home 2023, a grand-prize package valued at over $2.7 million!

Where is the 2023 HGTV Dream Home located? ›

See every stunning space from HGTV Dream Home 2023, a grand mountain escape packed with high-end design and located in Morrison, Colorado.

Can you airbnb a HGTV Dream Home? ›

But here's a bit of information that the HGTV fans may not be aware of - many of the stylish homes appearing on the network's shows are available as vacation rentals through websites such as HomeAway, Airbnb and VRBO.

Why are taxes so high on HGTV Dream Home? ›

That means you'll pay taxes at your marginal rate because the value of the prize is on top of any income you've earned from employment and investments. Another problem: Most dream home prizes are located in areas with higher costs of living.

How many acres is the HGTV Dream Home 2022 on? ›

On a 12-acre lot in Warren is a newly constructed home built for HGTV's HGTV Dream Home 2022. Earlier this month HGTV unveiled the newly-built, fully-furnished HGTV Dream Home 2022 in Warren.

How do I avoid paying taxes on prize winnings? ›

You will owe federal income taxes on lottery winnings, and depending on where you live, your state may want a cut of your money as well.
...
5 ways to avoid taxes on lottery winnings
  1. Consider lump-sum vs. annuity payments. ...
  2. Charitable donations. ...
  3. Gambling losses. ...
  4. Other deductions. ...
  5. Hire a tax professional.

What is the cash option for the HGTV Dream Home? ›

Cash Option: In lieu of taking title to the HGTV Dream Home 2023 (and the contents of the HGTV Dream Home 2023), the Grand Prize Winner will have the option of receiving $750,000 in cash. Total ARV of the Grand Prize is $925,120 if Grand Prize Winner selects the Cash Option in lieu of the HGTV Dream Home 2023.

How many bedrooms and bathrooms are in the HGTV Dream Home? ›

Designed by Western Design Group and built by Mountain Plain Homes, the 4,360-square-foot property boasts three bedrooms and three bathrooms. HGTV decorator Brian Patrick Flynn, who helmed the house's interior design, spoke with PEOPLE about its unique style and one-of-a-kind features.

How many square feet is the HGTV Dream Home 2023? ›

The 4,360-square-foot home features a modern kitchen, an open floor plan and plenty of windows to soak in views of its Rocky Mountain scenery. The home's main bedroom has a walk-in closet, an en-suite bathroom and deck access.

Do people on HGTV pay for their renovations? ›

There's a common assumption that making it on a show comes with a free renovation, or at least discounted goods. On the contrary, homeowners have to come up with the money for the projects.

Does the HGTV Dream Home 2023 have a basement? ›

Host Brian revealed that the "dreamy mountain giveaway" has a lower level that is a garage and a basement, while up above it is a single-story living at its best. The house also has a massive central break room and an open kitchen with gorgeous cabinets along with a sprawling island.

When can you enter to win the HGTV Dream Home? ›

Promotion starts at 9:00 a.m. ET December 23, 2022 and ends at 5:00 p.m. ET on February 16, 2023. For full Official Rules, prize disclosures, and to enter, visit https://www.hgtv.com/sweepstakes/hgtv-dream-home/sweepstakes or https://www.foodnetwork.com/sponsored/sweepstakes/hgtv-dream-home-sweepstakes.

Can you take cash instead of HGTV Dream Home? ›

Cash Option: In lieu of taking title to the HGTV Dream Home 2023 (and the contents of the HGTV Dream Home 2023), the Grand Prize Winner will have the option of receiving $750,000 in cash.

Where is the 2023 HGTV Dream Home? ›

See every stunning space from HGTV Dream Home 2023, a grand mountain escape packed with high-end design and located in Morrison, Colorado.

Do families from HGTV get to keep the furniture? ›

Do homeowners on HGTV shows get to keep the furniture? Speaking of inside the home, many viewers swoon over the final layouts. But here's the kicker: More often than not, the homes are staged, meaning the homeowners don't get to keep the furniture and decor that's shown on TV.

Is there a downside to paying cash for a house? ›

Paying all cash for a home can make sense for some people and in some markets, but be sure that you also consider the potential downsides. The downsides include tying up too much investment capital in one asset class, losing the leverage provided by a mortgage, and sacrificing liquidity.

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