HGTV Dream Home 2014 in Truckee, Just Outside Lake Tahoe

HGTV (Home & Garden Television) has announced its 2014 Dream Home, and it is a custom-built, 3200-square-foot house located in Truckee, California, just minutes from popular vacation spot Lake Tahoe.

HGTV is a U.S. cable and satellite TV channel that broadcasts how-to shows on home improvement, remodeling, craft, gardening and other do-it-yourself hobbies. Over the past few years, the channel has gotten popular for its annual HGTV Dream Home giveaway.

Held since 1997, the HGTV Dream Home competition commences on January 1 with a television special that shows a fully furnished custom-built home that has a value of more than 1 million dollars at the time of its announcement.

Viewers can enter the contest online, and the 2012 contest had over 81 million entries. It is expected that this year’s Dream Home contest will see similar numbers, but remember that your odds at winning the dream home are at somewhat near that of the Powerball lottery.