No, homeowners do not get paid on This Old House. In fact, the opposite is true: homeowners are responsible for funding the entire renovation project.
While it might seem like a dream to have a television show transform your home, This Old House operates differently from many other home improvement programs.
How Homeowners Fund Renovations on This Old House
- Self-Funded Projects: All renovation costs, from materials to labor, are borne entirely by the homeowners. This Old House does not provide financial compensation or cover any of the expenses.
- Show's Role: The show's primary contribution lies in coordinating the project. This includes bringing together skilled craftsmen, architects, and designers, as well as providing expert guidance and documenting the entire process for television.
- Potential Benefits (Non-Monetary):
- Product Discounts: This Old House leverages its industry connections to secure potential product discounts for the homeowners.
- Donated Items: In some cases, building materials or specific products might be donated by manufacturers.
- Tax Implications: It's important to note that any donated items or significant discounts are considered gifts. Homeowners are responsible for paying taxes on the fair market value of these donated goods, as they would with any other gift.
In essence, homeowners participate in This Old House for the unique opportunity to have their home renovated by top professionals under the guidance of a highly respected show, rather than for financial gain. They provide the funding, and the show provides the expertise, coordination, and national exposure.
