Two TV shows aren't enough for Martha Stewart, so she's adding a third -- this time a home-improvement reality show.

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The new show, to debut next year, will center around six women either coming off welfare, bankruptcy or out of rehab who work together with mentors to renovate a house, E! Online reported Monday.

Martha Stewart Living Omnimedia has already purchased a 125-year-old, 2,500 square foot house in Norwalk, Conn., for $700,000, which will be the subject of the reality show.

"Our new home improvement series will inspire and inform, while mentoring and teaching valuable life skills, from repairing brickwork, laying flooring, painting rooms and installing a functional and lovely kitchen," Stewart, 64, said in a statement.

Meanwhile, E! reports Stewart's syndicated talk show "Martha" has decent ratings but her "The Apprentice:Martha Stewart" series is performing less than stellar for NBC against ABC's hit series, "Lost."

The Peacock Network says it is moving Stewart's "Apprentice" spinoff to 9 p.m. Wednesdays and pushing the "E-Ring" back into the 8 p.m. slot.