flu, $800k is for the fully furnished, fully upgraded Eaglepointe model on a large lot.
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And like I said, $200k in upgrades to dress up a pig in Burberry or Cartier clothes doesn’t detract from the fact that the pig is still a pig.
Nor does dressing up a $30k Hyundai Genesis in $20k aftermarket accessories make the Genesis a comparable car to a Mercedes E350. People pay $50k to for Mercedes because it’s a Mercedes, doesn’t matter how “close” you think a $30k Genesis sedan with that extra $20k bling is “better”. There is nothing wrong with a Hyundai Genesis, but people who would pay $50k for that Hyundai Genesis I would seriously have to question their financial judgement. Sorry, not meant to be a hijack. Just trying to draw an analogy here. Sorry, upgrades for approximately $200k on a Santee home still doesn’t detract from the fact that the home is still in Santee.. These sort of upgrades no way you’re going to recoup in a resale. I’d say a good portion of this is problem cannot be recouped at resale time and the original buyer who paid for this upgrade is going to lose bigtime.
It’s the same thing for homes in Carmel Valley. I recall there was a home in PArdee Saratoga community that was selling for $1.3million, because of $300k in “upgrades”…Well, when push came to shove, those upgrades didn’t mean didly…Because when it was all said an done, why would someone pay $1.3million for a Saratoga home when the upper scale home Derby Hills were around the same price…Some people get carried away with upgrades and end up upgrading their home above their home’s “league”, and yet still think it’s “worth” that much.
