People.com Lifestyle Home From $12,000 Shack to Palatial Family Ranch (and Twins!) — Inside Chip and Joanna's Most Ambitious Remodel Yet By Megan Stein Published on March 29, 2017 10:59 AM Share Tweet Pin Email Chip and Joanna Gaines have just completed their most dramatic makeover yet. On the season finale of Fixer Upper, Michael Matsumoto, the executive producer of the hit HGTV series, and his wife, Jessie, are in the market for a house near Waco, Texas. The couple and their two children were living in Los Angeles, but decided it was time to find a place to settle down in the Lone Star state, nearer to the Gaineses. And who better to help than their coworkers? Courtesy HGTV In true Chip and Jo fashion, the property they were selling the Matsumotos on was in less than stellar shape. But with a price tag of $12,500 and the Gaineses’ promise that they could transform it into a dream home, the couple decided to take a leap of faith with the extreme fixer upper. Love, Marriage – and Babies! How the Property Brothers Finally Settled Down – and Why They Still Live Together Courtesy HGTV Courtesy HGTV Their risky bet (on a very shaky foundation) definitely paid off. The Gaineses completely remodeled what can only be described as a shack, into a farmhouse-style dream, complete with an alfresco dining area, shiplap-covered kitchen, a family-friendly living room and a yard the Michael described on instagram as the one his children “always wanted.” Courtesy HGTV Courtesy HGTV As if their story wasn’t sweet enough, upon seeing the completely reimagined house, the Masumotos revealed even more exciting news — they had twin babies on the way! FROM COINAGE: From John Steinbeck’s Cottage to an Actual Castle: 5 Historical Homes You Can Rent Get a Sneak Peek of Chip and Joanna Gaines’s New Show and See What Really Goes on Behind the Scenes of Fixer Upper According to Magnolia’s official Instagram, Michael and Jessie’s “sweet little ones” were born on March 17th at 4:57 p.m. and 4:58 p.m. just a few days before the episode aired. “They are so loved and adored by our whole team,” the post says. “Congratulations to the whole family!” Cue the waterworks.