[quote=bearishgurl]Honestly, I don’t understand why a young family of today would prefer Stonebridge over Del Cerro or Fleetridge (both with many stunning-view properties at the same price point). In the big picture, who CARES if some still have Formica in the kitchens?? I’d move in and start cooking in my knotty-pine kitchen with Formica countertops (PL) and “vintage” built-ins if I could afford to buy a place there! It can all be fixed later. But that’s just me.[/quote]
Is it really that hard to understand? Here are examples of 2 houses, one in Stonebridge and another in Del Cerro. Both are ~$1.2M.
Both have a view but the Del Cerro have a lake view. The Stonebridge is 1300 sq-ft larger (how much does it cost to add 1300 sq-ft, especially if that 1300 sq-ft includes 2 more bathrooms?). The Stonebridge not is easily 30-40% larger (assuming only useable part). Then look at the interior quality (how much would it cost to upgrade to a kitchen and bathrooms like that and flooring for 5500 sq-ft, etc)? My guess is, to make the Del Cerro house to be as big and as well appointed as the Stonebridge house, it would probably cost you another $400-500k ($600k+ if you believe in their claim of $600k in upgrades). So, unless you’re fine with the Del Cerro house the way it is, it wouldn’t make financial sense to buy the Del Cerro home and upgrade it to the level you can get from the Stonebridge house.
