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Chip and Joanna Gaines ‘wish to make investments’ in a Montecito residence: report

Chip and Joanna Gaines reportedly “wish to make investments” in a house in Montecito, Calif., and doubtlessly develop “their property portfolio.”

The creators of the hit HGTV present “Fixer Higher” presently reside in Waco, Texas — the place they began their model Magnolia.

“They’ve fallen in love with Montecito and have appeared round a few homes which might be up on the market within the space,” a supply instructed Nearer Weekly in a report revealed on Friday.

“Ideally, they need [it to be] inside shut proximity to the seashore and over two acres in dimension,” the insider continued.

A LOOK AT CHIP AND JOANNA GAINES’ GROWING MAGNOLIA BRAND

Chip and Joanna Gaines are looking to ‘invest’ in a home in Montecito. Celebrities such as Oprah Winfrey, Ellen DeGeneres, Prince Harry and Meghan Markle also live in the area.

Chip and Joanna Gaines wish to ‘make investments’ in a house in Montecito. Celebrities resembling Oprah Winfrey, Ellen DeGeneres, Prince Harry and Meghan Markle additionally reside within the space. (Picture by Roy Rochlin/Getty Photographs)

The couple, recognized for his or her capacity to flip houses, is particularly in search of “a spot that wants renovating.”

“They’ll use their DIY abilities to flip it and deck it out in [their brand] Magnolia,” the supply relayed. 

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Montecito is residence to a handful of influential celebrities together with Oprah Winfrey, Ellen DeGeneres and most not too long ago Prince Harry and Meghan Markle. The everyday worth of a house in Montecito is presently over $four million, in line with Zillow.

Chip and Joanna had been not too long ago noticed on trip in Montecito in early August. 

“They really feel that having a base in Montecito will permit them the liberty and suppleness to spice up their model in Los Angeles and the remainder of California,” the insider instructed the outlet.

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The couple rose to fame by means of their HGTV present “Fixer Higher,” which resulted in 2018. Since then, Chip and Joanna have launched their very own streaming platform, Magnolia Community.

Supply

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