Who Won The Dream Home 2015?
O’Dell, Kathy Kathy O’Dell, who lives in Huntsville, Alabama, deserves all of the congratulations! The 2015 HGTV Dream Home Giveaway® was awarded to her, making her the happy winner.
Where was the 2015 HGTV Dream Home located?
John Gidding and Matt Muenster give us an up-close and personal look at the HGTV Dream Home 2015, which is situated on Martha’s Vineyard in the state of Massachusetts.
Who won HGTV Dream Home Winners?
The 2019 HGTV Dream Home is located in Whitefish, Montana, and it was designed by Whitefish, Montana was selected as the location for HGTV’s 2019 Dream Home, which will be a mountain getaway. The HGTV expert Brian Patrick Flynn was responsible for the design of this brand-new home, which was constructed from the ground up specifically for the 2019 giveaway.
- In order to make the most of Whitefish’s breathtaking scenery, the 2019 Dream Home intentionally blurred the barriers between the living spaces that were indoors and outdoors.
- The following person is the 2019 HGTV Dream Home winner: Beverly Fulkerson, from Osgood, Indiana, was the one who struck it big and won the Dream Home for 2019.
More than 135 million other people entered the contest, and HGTV chose Beverly’s name at random. Beverly, like many other winners, has been entering the contest for years despite the fact that she does not actually believe she would ever be lucky enough to have her name picked.
HGTV’s 2019 Winner Announcement stated that she had joined the contest on an almost daily basis since 1998, submitting two entries each day. Beverly was taken by surprise by Tiffany Brooks, host of the HGTV show “Brooks on Homes,” when she believed that she and her family had gotten together to celebrate an award that had been given to one of her grandchildren.
On YouTube, you’ll be able to watch the 2019 Dream Home Ambush in its entirety.
Who won HGTV Dream Home 2014?
A view of the front yard of the HGTV Dream Home 2014, which is located in Schaffer’s Mill at the 9269 Heartwood Drive address in Truckee. Thank you very much, Eric Perry | TRUCKEE, Calif. — TRUCKEE — A woman from Boise, Idaho, may now call the Schaffer’s Mill home that was the HGTV Dream Home in 2014 her very own.
The news that Laura Martin had won the 3,200-square-foot, three-bedroom, three-and-a-half bathtub house was delivered to her on Tuesday. Martin triumphed over more than 72 million other contest entrants. “For the last two months, I have been daydreaming about the possibility of winning the ideal home, and just yesterday, that dream came true!” Martin stated in a statement that was released on Wednesday.
She stated that Martin joined the competition to win the house each and every day that it was available (between December 27 and February 14), and that her name was selected at random on February 26. Martin explained, “I had looked at the property online every day and took the virtual tours of the house and the town surrounding it.” “The fact that the property was located in the Schaffer’s Mill community, which had both a golf course and a lovely (village), was what inspired us to dream of the possibility of winning the house that we (she and her family) would want to spend the rest of our lives in,” she said.
Historic downtown Truckee, the Truckee River, and Lake Tahoe are all located in the vicinity. The two-winged, open-floor plan home is said to be an example of “new mountain” architecture since it combines elements of contemporary design with the more conventional mountain style. Martin’s prize package includes not only the completely furnished and custom-built home, but also a brand-new GMC car and $250,000 in cash, bringing the total worth of the prize package to close to $2 million.
This is the eighteenth time that HGTV has given away a dream home. Her victory will be shown on HGTV on April 11 at 2:00 p.m., Pacific Standard Time. Please visit http://www.hgtv.com/dream-home for further information.
How do taxes work if you win the HGTV Dream Home?
What exactly is the problem with people wanting to live in their dream home? – To a large extent, taxes. Since the wins are deemed income, the government has a right to a portion of them. In many cases, the state in which the property is located also has a say in the matter, as do other local governments that may have the right to levy taxes on the property.
If you have the good fortune to win an HGTV Dream Home, you will be required to pay income taxes to the federal government on the value of the property or upgrades, as well as income taxes to your state of residence, depending on which state you currently live in. Because the value of the award is added to any income you’ve received through job or investments, this indicates that you will be required to pay taxes at the highest rate applicable to your situation.
Originally seen on HGTV.com Another issue is that the majority of the dream homes that are given away are situated in regions with higher overall expenses of living. To make matters even more complicated, recurrent expenditures such as property taxes, homeowner’s insurance, utility bills, and maintenance fees must also be considered.
- Oh, and let’s not forget that you could be required to purchase furniture for the new house.
- The majority of individuals are unable to sustain the financial loss that would result from keeping the property, so they prefer to take the money and run instead.
- If, on the other hand, you choose with the cash option, which in the preceding illustration is “only” $1.262 million, the federal government will charge you a sum that is somewhat less than $500,000.
You would still be responsible for paying income taxes to the state, but there would be no property taxes. A pleasant and unexpected gain.
How many winners keep HGTV Dream Home?
What factors are contributing to the victors’ feelings of remorse? – It may be inconceivable that one could be dissatisfied with the prospect of residing in a mansion worth multiple millions of dollars on a prime piece of land, but here’s the thing that many people don’t always realize about winning such a massive prize: as explained by Vocativ, you are still required to pay the applicable taxes.
Even though they have a deep affection for their homes and wish they could continue living there, many lottery winners are unable to do so because the enormous tax bill they face makes it impossible for them to continue doing so, despite the fact that they have never even entertained the idea of purchasing a home with such a high valuation.
It would appear that the victors do not even get to spend a significant amount of time in their prized abodes. According to an article published in Country Living in 2018, after more than 20 winners of the HGTV Dream Home contest had been announced, only 28% of the winners had actually lived in the home for more than a year.
The vast majority of winners end up either selling the homes back to the developers or just accepting the cash alternative, which is a lower amount but consequently comes with less tax responsibilities and associated costs. This is because properties with valuations over $1 million can come with tax bills into the high hundreds of thousands.
Therefore, before you go and enter the competition for this year’s prize, which is valued at over $2.4 million, you might want to give some thought to just what kind of strain such a costly piece of land may impose on your financial situation before you go and enter the competition.