Apply by Nov. 21 for a Chance to Win This $720K House, Plus $50K in Cash

HGTV Urban Oasis 2018 in Cincinnati, OH. Robert Peterson / Rustic White Photography

I don’t know about you, but I’d love a new house for Christmas.

A house that doesn’t come with a mortgage or rental payments. A house that’s fully furnished with beautiful decor and landscaping. Oh, and while we’re talking dream scenarios, a check for $50,000 would be nice.

This all may seem too good to be true, but HGTV will be making it happen for the lucky winner of its Urban Oasis 2018 sweepstakes.

The network’s latest home giveaway is a 2,000-square-foot renovated house in Cincinnati, Ohio. The three-bedroom, 2 ½-bathroom home is worth roughly $720,000. Plus, the sweepstakes winner will get $50,000.

Enter to Win This HGTV Home Giveaway

HGTV is accepting sweepstakes entries now through Nov. 21 at 5 p.m. You can enter online twice a day — once on HGTV’s website and once on DIY Network’s website — or you can mail in entries as many times as you wish (though you’ll have to pay for postage for each entry).

To be eligible to win, you have to meet a few criteria.

  • You must be a legal U.S. resident.
  • You must be at least 21 years old.
  • You must not be employed by any of the companies affiliated with the sweepstakes, or be an immediate family member of an employee or live in the same household as one.

When entering online, you’ll be asked if you’d like to receive information or notifications from HGTV and other contest sponsors, but you can choose to opt out.

HGTV will select a contest winner at random on or about Dec. 3. If you win but decide you don’t want the Dutch Colonial home in southwest Ohio, you can take $300,000 in lieu of the title — and you’ll still get the $50,000 cash prize.

Practical Tips for Homeownership

We may all daydream about our future lives in this HGTV home — (I mean, have you checked out the photos and videos?) — but the reality is only one person will win this sweepstakes. The odds are like winning the lottery.

Still, that doesn’t mean you have to give up your goal of homeownership if you don’t win. If you’re interested in going from renter to homeowner, writer Mike Brassfield dishes out practical advice on what you need to know to make your homeowning dream a reality. He lays out the home buying process in 12 detailed steps.

You can also pick up some great tips from writer Timothy Moore, who shared lessons from his home buying experience with us back in May.

Since the home giveaway winner is the only one getting that $50,000 cash prize, you might want to look into crowdfunding as a way to build up funds for a down payment. Writer Desiree Stennett explains how the HomeFundMe platform has helped dozens of families raise money to go toward their dreams of homeownership.

Nicole Dow is a senior writer at The Penny Hoarder. She’s been renting forever and can’t wait to buy a home of her own one day.