By Debbie Emery - Breaking Celebrity News Reporter

With the 2012 Grammy Awards just more than a week away, the nominees and performers are getting ready for the biggest night in music, and Breaking Celebrity News has an inside look at the homes where they will stash their prizes if they walk away winners.

Multiple nominee Kanye West lit up 2011 with his sell-out Watch The Throne tour with Jay-Z, and his anthem All of the Lights with Rihanna and Kid Cudi, so it would be a smart move to start clearing some space in his modern Los Angeles home for another award.

The hip hop star purchased his stark 3-bedroom, 3.5-bathroom house in the Hollywood Hills for $1,750,000 just a year after it was built, and recently listed it for a whopping $3,995,000, reported Zillow.com.

PHOTOS: Take A Peek At The 2012 Grammy Nominee's Palatial Homes

Rihanna needed an Umbrella to live in her water-logged Beverly Hills money pit, which she bought for $6.9 million -- and later,