No, 'Extreme Makeover: Home Edition' Doesn't Pay for the Mortgages
Extreme Makeover: Home Edition is returning on HGTV.
The beloved series raises lots of questions, like who pays for the mortgages.
Here’s what HGTV told CountryLiving.com about how they help manage the costs.
Extreme Makeover: Home Edition is finally back!
The beloved series is returning on HGTV, and promises to have the same heart-wrenching moments and beautiful reveals as the original show, which ran on ABC from 2003-2012.
It doesn’t get better than hearing the shouts of “Move that bus!” as a deserving family tearfully lays eyes on their remodeled house for the first time. But this eternal good deed does beget some practical questions: Does Extreme Makeover: Home Edition pay for the mortgages? And what about the increased taxes and utility costs that have sometimes contributed to foreclosures in the past?
"HGTV doesn’t cover the cost of the mortgage," the network confirmed to CountryLiving.com. But they do take many measures to ensure the experience is as affordable—and sustainable—as possible. Here's what they had to say:
“In HGTV’s reboot of Extreme Makeover: Home Edition, we carefully consider each family’s unique situation. We ensure that the home is sized to meet each family’s needs. We emphasize the function as well as design of the home. We identify ways to offset increased expenses from taxes and utility costs. For example, in several episodes we create homes that use the latest energy-saving technology. In some cases, our partners provide financial assistance to help the family with costs of homeownership or assist with another major financial need in their lives. This, in turn, frees up funds for the family to maintain the new or renovated home.”
Obviously, financial situations will vary so it’s impossible to say how this affects each person who appears on Extreme Makeover. But we hope everyone who's handed keys are able to make the house their forever home. ❤️
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