Joanna Gaines thought she and Chip could 'potentially go broke' in rebuilding ...

Joanna Gaines admits she initially thought acquiring the family's farmhouse, where they now live, would be a disaster.

'It was a no for me right from the start,' Joanna said in her lifestyle publication, Magnolia Journal. 'There was no way we were leaving our comfortable finished family home to potentially go broke fixing up a farmhouse and all the uncertainties it came with.'

The Fixer Upper star, 42, said she was skeptical after her husband Chip, 45, first raised the idea of purchasing the 'new prospect' in Waco, Texas, which sits on a sprawling 40 acres of land.

Oops! Fixer Upper's Joanna Gaines , 42, admits she initially thought acquiring the family's famed farmhouse with her husband Chip, 45, would be a disaster

His idea: Chip, 45, raised the idea of purchasing the 'new prospect' in Waco, Texas, Joanna said

Oops! Fixer Upper's Joanna Gaines , 42, admits she initially thought acquiring the family's famed farmhouse with her husband Chip, 45, would be a disaster

'Based on the details Chip had, it sounded like a long shot, and a few days later when we drove out there, I would have said it was a closed case,' said the HGTV star, who shares five children with her husband: Drake, 15, Ella Rose, 13, Duke, 11, Emmie Kay, 10, and Crew, one.

The renovation expert said that after initially telling the owner she and her spouse would mill it over - even though 'there wasn't much left to discuss' - the owners sold them on the property by telling them to get acquainted with the place.

'The kids would run wild while Chip and I sat beneath one of the oak

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