I really like this show as it has a lot of great cost-effective renovation ideas. Another of my favourite shows is a UK show "The House That £100K Built". Wish there were more shows like these because they are more "real world" than other reno shows that work with higher budgets or undisclosed budgets.
I find the budgets on this show hard to believe though. Whole house reno including kitchen, bathrooms, removing walls, paint, carpet and floorboards for $60K does not seem realistic. Especially with the explosion in building costs over past two years. I work for a builder and there is no way we could do the works portrayed for the budgets cited on this show. Nor could they be done in four weeks, which is the typical stated timeframe.
If it is true then I would imagine it would mean cheap materials and the workers are a crew of staff (rather than contractors) working full-time. This wouldn't work for most homeowners, who would need to hire contractors, wait for them to be available for each component of work and pay retail rates for labour and materials to do something like this.
Having said that, still think it's a great show for the ideas aspect, would just take the budgets with a grain of salt.