But the majority of the winners have had better luck, opting to vacation a few jea rebates times at the home (might as well!
But even if you puppy calendar contest can't keep the home itself, it's absolutely still worth trying to win. .The dream home includes a dream house for dogs.Hgtv/Scripps Network, Used with Permission.So even if you have to give up the house and pay a ton of taxes, its still a small price to pay for living the hgtv dream.This is the safest bet because your payout is not dependent on the sometimes fickle housing marketyoure guaranteed a fixed amount and you dont have to worry about accruing any expenses on the house.When he accepted the prize in 2005, he uprooted his family from their home in Illinois and moved into the 5,000 square foot house with the intention of turning it into a.Sydney Bender, disney on ice discount tickets houston in March, Kathy ODell of Huntsville, Ala.She told us that because sweepstakes wins (whether theyre cash or objects like cars and houses) are considered income, you have to pay income tax on them.
Are you among the millions of people who has thought wistfully about the life of endless luxury that would come with winning the hgtv Dream Home?
She borrowed against the dream home to pay the taxes and kept it as both a vacation home and rental until 2005.
For starters, expect to pay a minimum of 693,299 in taxes.
The 2016 Dream Home is a 3,100 square-foot home located near the Indian River in Merritt Island, Florida.You can see images from the ambush at the hgtv website.Here are photo tours of many of the beautiful homes that have been given away so far: Take a Look at Past hgtv Dream Homes: Dream Home Year: Location: 2009 hgtv Dream Home Sonoma, California 2010 hgtv Dream Home Sandia Park, New Mexico 2011 hgtv.It was stocked with local art, Vineyard cookbooks, growlers of Bad Marthas Beer, and other goodies.Many of the homes are too large for most families, with high utility and other costs.In fact, only a handful of those whove won have ever occupied their prize properties.Previous year's homes have included beach getaways like the 2016 Dream Home in Merritt Island, Florida, a luxurious farmhouse in Sonoma, California, a mountain retreat in Stowe, Vermont, and many other dream locations.Meanwhile, the dream home mania has moved on to another location.Unless youre already a millionaire, the answer is almost certainly.