Sure, all of those are possible in an ultra luxury house, but would such a house be found in Willowdale, 50m from run down bungalows? I'm getting side tracked, but the point I was making with my examples was the area has become unrealistic targets for the original demographic it catered to 50 years ago. Folks used to get 1,000 sq ft starter houses, now they're getting removed and the American dream of a car, house and white picket fence has evaporated, and replaced with condos and public transit.traderjay wrote: ↑Aug 10th, 2017 5:38 pmYes certain things decrease in cost due to economy of scale but when it comes to luxury houses, other material plays a big role and the sky is the limit when it comes to pricing. Sometimes a roof might cost a few hundred grand. The internal structure also greatly affects the price and many of these are not visible to the average buyer. Some homes have automation systems that adds another few hundred grand.
I added Z-wave automation to my house which was just $30 per light switch/outlet, and $50 for the controller ( a banana pi, but a Veralite or Samsung SmartThings is cheap too). Amazon Alexa, or Google Assistant, smart garage opener and wifi thermostats shouldn't add $100k to a house. My total cost was definitely under $1K. It can get expensive if you have automated blinds, but this example house doesn't have any blinds. Not sure if it has CAT6/5e wiring in the house (that's $100/per outlet and POE cameras are $100 each). Retrofit LED pot lights are $10/each, the wood flooring could be $10/sq ft (my tile guy does it at $3 sqft USD +cost of tile), and quartz or granite counter tops could be $50-$100 a sq ft depending on type with huge variation. I'm surprised this house doesn't have a movie theater, that's getting pretty common now with larger homes. Tempered glass interior walls are about $50/sqft . All this stuff costs money and adds up to over $100k, but its a stretch to hit $1M unless I've overlooked some hidden expense like special structural foundation work.
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