{"id":13793,"date":"2018-12-12T14:41:28","date_gmt":"2018-12-12T20:41:28","guid":{"rendered":"https:\/\/theamericangenius.com\/housing\/?p=13793"},"modified":"2018-12-12T14:41:28","modified_gmt":"2018-12-12T20:41:28","slug":"chip-joanna-gaines-properties-continue-to-become-short-term-rentals","status":"publish","type":"post","link":"https:\/\/theamericangenius.com\/housing\/real-estate-brokers\/chip-joanna-gaines-properties-continue-to-become-short-term-rentals\/","title":{"rendered":"Chip & Joanna Gaines properties continue to become short term rentals"},"content":{"rendered":"

Chip and Joanna Gaines: Reality TV stars, business moguls, American treasures. Millions of viewers have watched Chip and Jo flip homes into their clients\u2019 homes of their dreams on the HGTV hit, Fixer Upper<\/em>, and the ending scene of each episode showcased each family enjoying their new home among beloved family and friends.<\/p>\n

However, according to Realtor.com<\/a>, the majority of the homes meant to be enjoyed by families are now short-term rentals featured on websites such as Airbnb, Homeaway, and VRBO. <\/p>\n

The most recent listing? A house purchased and renovated for the show\u2019s Executive Producer, Michael Matsumoto, is listing his home for a bargain price — compared to other Fixer Upper listings — at only $300 a night. <\/p>\n

The listing reads: \u201cstay at the Producer of FIXER UPPERS home built for the finale of season 4. A 20 minute drive to Waco it\u2019s the perfect retreat. This home is family friendly and ideal for entertaining family and friends. It has a beautiful open concept kitchen with plenty of cooking essentials, 2 full baths with a rain shower in the master, original bunk beds seen on TV, huge yard great for kids complete with play structure, basketball court and a small gym.\u201d <\/p>\n

Sounds pretty legit, right?<\/p>\n

Even though the four-bedroom, 2-bath Crawford ranch is beautiful and spacious, the home was originally purchased for $12,500, so charging $300 a night is quite the investment return.<\/p>\n

Another home known as The Bardonminium<\/a> recently sold for 1.2 million to a real estate investor, who now lists the home for up to $1500 a night. According to a Magnolia spokesperson, Chip and Joanna prefer their clients to live in the homes, rather than simply turning them into cash cows. <\/p>\n

\"\"
\nMasmuto Farm House: Source: Airbnb<\/a><\/em><\/p>\n

In Waco, where the average price per square foot is only $99, short-term rentals for Fixer Upper homes are without a doubt a lucrative opportunity. <\/p>\n

But watching a house renovation to see it become an Airbnb is a lot less appealing than watching it become a family\u2019s dream home. <\/p>\n

\"\"<\/p>\n

A 1,050 sq. foot shotgun house costing $28,000 was recently listed for $950,000<\/a>. <\/p>\n

Which brings us to the question: why wasn\u2019t an \u201cAirbnb clause\u201d written into the contracts of the buyers yet? We\u2019re honestly not sure, but it looks like that\u2019s about to change. <\/p>\n

Magnolia spokesperson, Brock Murphy, recently issued a statement saying, “We are going to be more strict with our contracts involving \u2018Fixer Upper\u2019 clients moving forward…we want to ensure that [short-term renting] does not get lost in this new vacation rental trend,” the statement continued. “We are going to do our best to protect that moving forward.”<\/p>\n

It is worth considering a similar clause for fellow flippers, and with this spotlight, we anticipate the industry and HOAs will be looking more closely at this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"

(REAL ESTATE) Chip & Joanna Gaines are beloved flippers, but recipients are no longer living in their dream homes that were aired on tv.<\/p>\n","protected":false},"author":337705,"featured_media":13796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"wds_primary_category":0,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[94],"tags":[1234,1789],"class_list":["post-13793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-brokers","tag-real-estate-news","tag-short-term-rentals"],"jetpack_featured_media_url":"https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2018\/12\/joanna-chip-gaines.jpg","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/13793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/users\/337705"}],"replies":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/comments?post=13793"}],"version-history":[{"count":4,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/13793\/revisions"}],"predecessor-version":[{"id":13800,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/13793\/revisions\/13800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media\/13796"}],"wp:attachment":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media?parent=13793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/categories?post=13793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/tags?post=13793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}