[quote=ocrenter][quote=92126_guy]OCrenter: Mind if I ask if you feel the low quality is in the builder or just in the “crap we need to get these built and sold quick” market attitude? I’m thinking of checking out the CornerStone houses in Santee this weekend and will be curious if they have the tile and orange peep issues you mentioned above.
Although my budget of 450k max would probably warrant such construction. Ha
Montoro is a special case. it is damage control and purely based on basic math.
Cornerstone bought all of their Stonebridge lots at around $500k per lot. all of the lots were planned for Tiburon, their ultra lux 5000-6000 sqft homes. assuming building cost of $500k, that brings their cost to $1 mil. which is perfectly fine when they were able to sell the homes for $1.6 to $1.8 mil.
But now with the over $1 mil market all dried up, they got to go with a new strategy.
So they figured they’ll build 4000 sqft homes at $300k (probably even $250k given the quality seen with the models). even at $800k they’ll at least be able to break even and get rid of the lots instead of holding on and keep paying mortgage and taxes on them.
Tiburon is of excellent construction quality. so Cornerstone is capable of building excellent homes. but you’ll need to figure out which Cornerstone builder showed up to build Mission View. [/quote]
Your explanation for the large lots makes sense. When we visited “Montoro” we noticed the huge size of the lots behind the models. In order to build a home for $70/sqft they have to cut a few corners. One has to wonder where all the “hidden savings” are….
