Another Extreme Makeover Bites the Dust
(Photo Source: Beazer Homes)
They come, they build, and they leave you with the house of your dreams. Of course, long after the cameras disappear and the lights fade away, they leave you with a larger home, larger maintenance bills, and a larger tax bill, and the side effects of an extreme makeover can be devastating. This is what’s happened to two Extreme Makeover recipients so far, since our own Chapin family of Kirkland received their Extreme Makeover in 2007.
Only two months ago, the Hebert’s of Idaho were forced to put their 2007 Extreme Makeover up for sale. However, the news just broke that yet another family must give up their dream home, this time the victim of foreclosure. In Georgia, the Harper family used their newly remodeled home as collateral for a $450,000 construction business loan, which failed in the wake of today’s tumultuous economy. The 4 bedroom mini-mansion came complete with an open lobby featuring four fireplaces, a solarium, a music room, a new office. In addition, the Harper’s were given a $250,000 home maintenance fund from Beazer Homes, as well as several financial allowances (according to The Digerati Life). No matter. This home is still set for public auction on August 5th.
Live and learn, and perhaps one day, if you hear a knock on your front door and you open it to find Ty Pennington, maybe you’ll consider asking for the not-so-extreme-makeover instead.
A Credit Card Survey, Passive Income, Car Payments @ The Carnival said:
[...] a big thanks to Redfin for highlighting my post about the Extreme Makeover [...]
July 30, 2008 2:44 PM
bigyaz said:
Don’t use the Harpers as poster children for what’s wrong with the makeover shows. They chose to use the home “as collateral for a $450,000 construction business loan…”
They took a nice opportunity and gambled with it. They have only themselves to blame.
August 6, 2008 1:05 PM
Terry said:
Good point! I agree.
October 26, 2008 11:57 PM
Greg said:
I’m sorry bigyaz but this article couldn’t be more right. We recently had Extreme Makeover to our town & they built a nice house in a bad section of town, the locals got jealous & began to wreck havoc on the mansion, soon it will be an eye sore just like the rest of the neighborhood. The new owner has no idea nor the means to maintain the house not to even mention the taxes. It is a very nice jesture but these “lucky people” wind up much worse off because they can’t afford their new habitat & end up loosing everything.
September 28, 2009 7:41 AM