The person on My Lottery Dream Home is David Bromstad. He is an interior designer, artist, and television host. He is best known for hosting and designing unique lottery prize homes for HGTV’s My Lottery Dream Home.
David is originally from Minnesota and began his television career in 2004 as the winner of HGTV’s Design Star competition. He has then gone on to have his own show,Color Splash. On My Lottery Dream Home, David helps lottery winners find and design their dream home.
He assists them in the often overwhelming process of picking the right location, floor plan, and customizing the interior decorations. Each episode David and the lottery winners take viewers on a tour of the finished product while giving viewers tips and tricks on how to design their own homes.
Does the host of My Lottery Dream Home have a partner?
No, the host of My Lottery Dream Home, David Bromstad, does not have a partner. Bromstad currently resides in Miami, Florida with his two French Bulldogs named Hendrix and Monet.
Bromstad is an American interior designer and television personality. He hosted the show Season 1 of My Lottery Dream Home on HGTV in 2015, and has made occasional appearances in Seasons 2-6. Prior to his lottery home-based career, Bromstad was the host of Color Splash and HGTV Design Star on HGTV, and had even designed for Disney.
Although he does not have a partner, Bromstad is still quite active on the social media front, using both his Instagram and Twitter accounts to glamourize his daily life. Additionally, Bromstad has his own blog, called BromstTV, where he posts projects, case studies, thoughts, seminars, and motivational pieces.
Overall, while David Bromstad currently does not have a partner, he is still leading a successful career, and living a beautiful life in Miami with his two French Bulldogs.
How old is David Bromstad?
David Bromstad is 46 years old. He was born on August 17, 1973 in Cokato, Minnesota. He attended the University of Wisconsin-Stout, graduating with a degree in interior design. After relocating to Miami in 2004, he opened his design firm, Bromstad Studio.
In 2006, he became a celebrity when he won the competition series “Design Star” on HGTV. Since then, he has continued to appear on a number of other HGTV programs, including Design Star All Stars, Beach Flip, and Color Splash.
He currently lives in Miami Beach, Florida, with his partner, Jeff, and their three rescue dogs. He’s an avid traveler and uses his design chops to bring back unique artifacts on his travels.
Can you sell the dream home if you win it?
Yes, you can sell the dream home if you win it. However, the process may not be as easy as it sounds. Depending on the terms of the contest, there may be restrictions on how soon you can list your home and when you can actually move out.
For example, some contests require you to stay in the house for a certain period of time, such as a year. Additionally, you may have to prove that you can afford to pay the applicable taxes and other associated costs associated with the sale.
In some cases, you may also have to provide proof of income or assets to verify that you can afford to purchase the home. Before you put your dream home up for sale, you should also check with your local laws to ensure that you are following the rules and regulations for selling a house.
Is David Visentin married?
Yes, David Visentin is married. He tied the knot with Kirsten Walker in 2011 and they have three children together. The couple first started dating in 2004 and got engaged in 2009. David is a big fan of family time and, in his spare time, enjoys cooking, playing golf, and travelling with his wife, kids, and fellow ‘Love It Or List It’ co-star Hilary Farr.
How much does My Lottery Dream Home Host make?
The exact salary of My Lottery Dream Home host David Bromstad is not publicly available. However, it is safe to say that David Bromstad earns a significant salary as the host of the show. Although the specific salary of Bromstad is not known, celebritynetworth.
com estimates his net worth to be around $3 million.
Given that he has hosted the show since its inception in 2015, and the fact that his net worth has grown to such an extent in the past five years, it is safe to assume that Bromstad has made a very comfortable salary from hosting My Lottery Dream Home.
The show has been a ratings success, with increasingly higher ratings over the years, and it has been renewed for its ninth season. With the show’s continued success, it is likely that David Bromstad’s salary has increased as well.
How do the winners of Dream House pay the taxes?
The winners of Dream House will be liable for all applicable taxes associated with the prize. Depending on their circumstances, the winners may need to pay taxes on the total amount of the prize value at the time of acceptance.
In some cases, the winner may also be responsible for payment of taxes on an ongoing basis in accordance with applicable tax laws and regulations. In addition, the winner may be required to provide additional documentation to the IRS.
It is advisable to consult with a qualified tax advisor to understand what taxes may be owed on the prize.
Do any of the HGTV Dream Home winners live in the homes?
No, the HGTV Dream Home winners do not live in the homes. Each year, HGTV runs a sweepstakes where entrants have the chance to win the HGTV Dream Home. This home is a spec house that they build prior to the sweepstakes.
After the sweepstakes has ended and a winner has been chosen, the winner is awarded the home or, more often, the winner is given a cash option instead. As such, the winners normally do not live in the HGTV Dream Homes that are given away.
How many winners of HGTV Dream Home still own them?
According to HGTV, since the Dream Home Giveaway began in 1997, only 8 of the 22 winners retained ownership of their HGTV Dream Home. The previous 14 homeowners chose to sell their homes, typically for financial reasons or to downsize.
Of those 8 that retained their Dream Homes, 6 are currently located in the United States, 1 is in the United Kingdom, and 1 is in the U. S. Virgin Islands. The current list of those who have kept their Dream Homes includes winners from 1997, 1998, 2001, 2003, 2004, and 2017.
How are people chosen for my lottery dream house?
The process of choosing people for the lottery dream house is highly subjective and depends on the individual lottery or sweepstake sponsor. Generally, people are chosen at random through an online or mail-in registration process.
All entrants must be verified to be legal residents in the applicable jurisdiction and/or meet any other applicable requirements set forth by the sponsor. A computer randomly selects the winner or winners out of the pool of eligible entries.
In some cases, entrants may have the option to increase their chances of being chosen by purchasing an additional ticket or entry or by simply submitting another entry. After the winner has been chosen and verified, they will be contacted by the sponsor through a specified method such as email, phone, or mailing address.
The winner will then be able to claim the prize.
Do you have to pay taxes if you win the HGTV Dream Home?
Yes, you are required to pay taxes if you win the HGTV Dream Home. According to the Official Rules of the HGTV Dream Home Giveaway, the winner of the home is responsible for all applicable taxes, recording fees, and title fees associated with taking title to the home.
This means that the winner will owe applicable local, state, and federal taxes on the retail value of the home, as there are specific tax laws regulating the giveaway and transfer of ownership of a home.
Thus, if you win the HGTV Dream Home, you should set aside a portion of the winnings to pay the taxes and fees associated with taking title to the home. Additionally, it is important to consult a qualified tax professional to ensure that you are in full compliance with all applicable tax laws associated with winning a HGTV Dream Home.
How much taxes do you pay on HGTV Dream Home?
The amount of taxes you owe on the HGTV Dream Home will vary depending on the location of the home and your individual tax situation. Generally speaking, if you are the winner of the HGTV Dream Home you will be responsible for paying for all of the taxes due on the property.
In addition, you may be subject to federal and state income taxes due to the winnings. Depending on your state, there could be additional taxes such as real estate transfer taxes, inheritance taxes, or capital gains taxes that may apply.
If you win the HGTV Dream Home, consider consulting with a tax professional to discuss your individual tax implications.
Who pays for the renovations on instant dream home?
The answer to who pays for the renovations on an instant dream home varies, depending on the situation. In some situations, the home buyer might be responsible for the renovations while in other situations, the seller might offer to pay for the renovations as part of the sale.
Additionally, there can also be other parties involved, such as banks or other lenders, to pay for the renovations.
When it comes to banks and other lenders, they may provide a loan to the home buyer in order to pay for the renovations. Some home buyers might also be able to get a loan from other lenders, such as an FHA 203(k) loan, which allows for borrowers to finance the cost of certain home renovations.
When it comes to the seller, some might offer to pay for the renovations as part of the sale in order to make the home more attractive to potential buyers. In these cases, the seller can either pay for the renovations themselves or arrange for financing for the buyer.
Ultimately, who pays for the renovations on an instant dream home will depend largely on the situation and the parties involved.
Do the winners of the HGTV Dream Home keep it?
No, the winners of the HGTV Dream Home do not keep it. Instead, they are instead awarded the prize money equivalent to the fair market value of the home, plus $250,000 in cash. This prize may be used as a lump sum to pay off existing mortgages, purchase a new home, or for any other purpose of the recipient’s choosing.
The home itself is then sold on the open market. Because of both the generous cash prize, as well as not needing to deal with the costs and headaches associated with moving and ownership, the ultimate prize for a HGTV Dream Home winner is arguably more beneficial to the winner than actually keeping the house.
Is lottery dream home staged?
Yes, lottery dream homes are typically staged with furniture, artwork, and other items. Lottery organizers set up the homes to make them look as luxurious and attractive to prospective winners as they can.
This includes everything from contemporary furniture and stylish decor to the latest technology. In many cases, the furniture is actually leased for the duration of the lottery and then the home has to be cleared out and returned to its original state when the lottery is over.
It makes sense that the organizers want to show off the home as appealing as possible to entice more people to enter the lottery.