Fresco @ Eastwood Village

[akula1488]

.....

 

[BlackKnight]

My Chinese friend w/ some relatives in mainland says that due to Evergrande crisis and govern putting hammers on domestic tech comp, house prices are going down in China.  They now want to park their cash oversea even more especially in RE. 

not replaced, but increased demand in the game.
1. We still have overseas Chinese FCB with RMBs
2. Bay Area tech buyers with RSU money
3. Fraudsters with forgiven PPP loan moneyhttps://projects.propublica.org/coronavirus/bailouts/loans/desert-mountain-fine-art-llc-7526287309

native Orange County buyers are having a hard time against these cash buyers.

I have some Bay Area tech buyer clients basically buy in cash with source of funds from selling company stock...

so Overseas Chinese buyer cash now replaced with Bay Area Tech buyer cash in Irvine 

 

[sleepy5136]

My Chinese friend w/ some relatives in mainland says that due to Evergrande crisis and govern putting hammers on domestic tech comp, house prices are going down in China.  They now want to park their cash oversea even more especially in RE. 

not replaced, but increased demand in the game.
1. We still have overseas Chinese FCB with RMBs
2. Bay Area tech buyers with RSU money
3. Fraudsters with forgiven PPP loan moneyhttps://projects.propublica.org/coronavirus/bailouts/loans/desert-mountain-fine-art-llc-7526287309

native Orange County buyers are having a hard time against these cash buyers.

I have some Bay Area tech buyer clients basically buy in cash with source of funds from selling company stock...

so Overseas Chinese buyer cash now replaced with Bay Area Tech buyer cash in Irvine 

There is a limit on how much $$ can flow out of PRC. I?m guessing there are loopholes around this. Not sure if the risk of being caught is worth it though. PRC is great at punishing their own kind (I.e jack ma, peng shuai, etc).

I?d be scared to do anything illegal there as they don?t only harm you, they can potentially go after your family as well.

 

[CalBears96]

My Chinese friend w/ some relatives in mainland says that due to Evergrande crisis and govern putting hammers on domestic tech comp, house prices are going down in China.  They now want to park their cash oversea even more especially in RE. 

not replaced, but increased demand in the game.
1. We still have overseas Chinese FCB with RMBs
2. Bay Area tech buyers with RSU money
3. Fraudsters with forgiven PPP loan moneyhttps://projects.propublica.org/coronavirus/bailouts/loans/desert-mountain-fine-art-llc-7526287309

native Orange County buyers are having a hard time against these cash buyers.

I have some Bay Area tech buyer clients basically buy in cash with source of funds from selling company stock...

so Overseas Chinese buyer cash now replaced with Bay Area Tech buyer cash in Irvine 

There is a limit on how much $$ can flow out of PRC. I?m guessing there are loopholes around this. Not sure if the risk of being caught is worth it though. PRC is great at punishing their own kind (I.e jack ma, peng shuai, etc).

I?d be scared to do anything illegal there as they don?t only harm you, they can potentially go after your family as well.

PRC only punish those who speak against them. As long as you do illegal stuff and bribe them secretly and don't ever speak out against them, you should fine. Jack Ma made the mistake of criticizing them.

 

[The Motor Court Company]

Just look at Canada. The 2006/2007 RE crash did not affect their RE price at all....

 

[BlackKnight]

Sam Woo in Irvine just announced it permanently closed. Hopefully this news will deter some Chinese buyers  ;D ;D ;D

 

[CalBears96]

Sam Woo in Irvine just announced it permanently closed. Hopefully this news will deter some Chinese buyers  ;D ;D ;D

Dammit. 

 

[eyephone]

Sam Woo in Irvine just announced it permanently closed. Hopefully this news will deter some Chinese buyers  ;D ;D ;D

Sorry that has nothing to do with Chinese buyers.

 

[eyephone]

My Chinese friend w/ some relatives in mainland says that due to Evergrande crisis and govern putting hammers on domestic tech comp, house prices are going down in China.  They now want to park their cash oversea even more especially in RE. 

not replaced, but increased demand in the game.
1. We still have overseas Chinese FCB with RMBs
2. Bay Area tech buyers with RSU money
3. Fraudsters with forgiven PPP loan moneyhttps://projects.propublica.org/coronavirus/bailouts/loans/desert-mountain-fine-art-llc-7526287309

native Orange County buyers are having a hard time against these cash buyers.

I have some Bay Area tech buyer clients basically buy in cash with source of funds from selling company stock...

so Overseas Chinese buyer cash now replaced with Bay Area Tech buyer cash in Irvine 

There is a limit on how much $$ can flow out of PRC. I?m guessing there are loopholes around this. Not sure if the risk of being caught is worth it though. PRC is great at punishing their own kind (I.e jack ma, peng shuai, etc).

I?d be scared to do anything illegal there as they don?t only harm you, they can potentially go after your family as well.

https://youtu.be/ZmEvAk5LRko

Disclaimer: I came across a video on youtube. For kicks and giggles/reactionary purposes is this how it works over there? haha idk
For entertainment purposes only.

 

[CalBears96]

We just did phrase 2 options. List was long which total to $20k:

1) Electric outlet: one for each bathroom for bidet and 60 amp box
2) TV conduits for each bedroom , loft and great room
3) Level 2 cabinet handles, pull out trays for pantry
4) Water softener valve, built-in fridge water/outlet lines.  Need to choose fridge model for line placement.
5) Add a door between master bed and bath.  I checked the doors on homes being built, they are very good quality. Feel very dense almost as if they are not hollow. Rep told me they started using the new doors recently because people love them. No option for upgrade anyway
6) Whole house insulation and loft insulation
7) No option for upgrading faucets/ appliances.

Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:
1) Engineered wood for entire first floor for $35k. For 3000 square foot model 3, i dont know the square footage of the area for first floor.  Wife really wants to do solid wood but it is not offered so we will go with this option.  Luxury vinyl is $17k. I like it better than Eng Wood but happy wife is happy family so I gave in.
2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.

The only 3 things left are 36? Wolf Sub-zero fridge, windows treatment and backyard landscaping.  After all things set and done, it should be within our $200k-$250k budget for upgrades.

I just want to thank all the fellow Fresco-ers for clarifications on some of the options.

So we just did our Stage 2 upgrades for Bluffs 2 this morning. Originally, the cutoff date was 12/6, but they moved it to 12/25 and our designer was able to squeeze in one hour for us this morning, so we got a full Stage 2 upgrade. The total cost for our Stage 2 upgrade is $33k, with $10k that was pre-selected due to cutoff date. The major upgrades are:

1. Recessed lights in all bedrooms. (pre-selected)
2. Stacked kitchen cabinets (to ceiling). (pre-selected)
3. TV conduit for master bedroom and loft. (pre-selected)
4. We added TV conduit and outlet for great room because the standard one wasn't in the ideal spot.
5. Upgraded cabinet to maple paint grade (slab style) for whole house.
6. Prepped kitchen cabinet for built-in fridge.
7. Upgraded shelves to cabinet in laundry room.
8. Upgraded island to waterfall.
9. Audio speakers package for kitchen.
10. "Downgraded" tub to shower in one bedroom (my wife must do it for our son's bath). $1800 for the downgrade. 
11. Interior wall insulation.
12. Mirrored wardrobe door at master closet.
13. Ceiling fan pre-wired for all bedrooms.
14. Got both water softener and RO systems.

We got EcoWater to install water softener + RO for about $5k in our current home 14 years ago. #14 is also about $5k, so we figured we might as well do it with builder.

This upgrade did a lot of damage to our wallet, but we're very happy that we got almost everything we wanted after being told initially that Stage 2 is already past cutoff. The only things we weren't able to get are glossy cabinet doors and the glass stair rail.

We have appointment for Stage 3 on 1/9/2022. That's going to be another hit to the wallet since my wife wants quartzite countertop.    But we'll do quartz for the back splash.

I'm leaning toward doing flooring upgrades with builder. We want to do polished porcelain all downstairs plus baths and laundry upstairs. The rest of upstairs and stairs will be Pergo. If we choose to do this, then like you, we just have the built-in fridge (we're also leaning toward Sub-zero), windows treatment and backyard landscaping left. I'm hoping it's going to be under $200k.

 

[Irvinehomeseeker]

Thats a great price of 5K for the water softener + RO from the builder! I could have misunderstood but it was like over 9K something when we did appt with Design center for Fresco. I am planning to do it post close with diamond pure for about 3.5K.

On a different note, it appears to me like IP is really moving very fast with their construction. We have our closing date in little over a month but there is no flooring installed yet or appliances put in.  I just hope they don't cut any corners to meet the scheduled dates. I am okay if they delay the close to ensure a thorough work.

 

[CalBears96]

Thats a great price of 5K for the water softener + RO from the builder! I could have misunderstood but it was like over 9K something when we did appt with Design center for Fresco. I am planning to do it post close with diamond pure for about 3.5K.

On a different note, it appears to me like IP is really moving very fast with their construction. We have our closing date in little over a month but there is no flooring installed yet or appliances put in.  I just hope they don't cut any corners to meet the scheduled dates. I am okay if they delay the close to ensure a thorough work.

Water softener is $3563 and RO is $1421. Maybe you were quoted for conditioner + water softener + RO? Since I would have to pay around $400 something for the softener valve+drain, I figured I might as well do the entire package. I think the RO is overpriced at $1421, but I just wanted to get the whole thing done. I bought one from Costco and installed it for my parents' house for a lot cheaper.  Unfortunately, since the sink is at the island, I would have to drill a hole if I wanted to install one myself, so I'm not about to do that.

 

[Irvinehomeseeker]

Thats a great price of 5K for the water softener + RO from the builder! I could have misunderstood but it was like over 9K something when we did appt with Design center for Fresco. I am planning to do it post close with diamond pure for about 3.5K.

On a different note, it appears to me like IP is really moving very fast with their construction. We have our closing date in little over a month but there is no flooring installed yet or appliances put in.  I just hope they don't cut any corners to meet the scheduled dates. I am okay if they delay the close to ensure a thorough work.

Water softener is $3563 and RO is $1421. Maybe you were quoted for conditioner + water softener + RO? Since I would have to pay around $400 something for the softener valve+drain, I figured I might as well do the entire package. I think the RO is overpriced at $1421, but I just wanted to get the whole thing done. I bought one from Costco and installed it for my parents' house for a lot cheaper.  Unfortunately, since the sink is at the island, I would have to drill a hole if I wanted to install one myself, so I'm not about to do that.

Quite possible. I am also a bit wary of drilling the hole for the RO...the one at the last place went fine, hoping the same again

 

[BlackKnight]

Why some builders put the sink on the island? My parents? place has medium size island and I hate it.  Water splashes everywhere.  My mom puts dirty dishes in there when i eat something sitting at the island, I stare at not so appetite old plates.  Sometimes i can smell stuff coming from garbage disposal.  Try to keep it clean all the times but it just doesn?t have hygienically look as the non-island sink.

 

[CalBears96]

Why some builders put the sink on the island? My parents? place has medium size island and I hate it.  Water splashes everywhere.  My mom puts dirty dishes in there when i eat something sitting at the island, I stare at not so appetite old plates.  Sometimes i can smell stuff coming from garbage disposal.  Try to keep it clean all the times but it just doesn?t have hygienically look as the non-island sink.

Apparently, most builders in Irvine/Lake Forest are doing that now. We don't like it either, and my wife especially hates it because it makes the island smaller for her. And it's also bad for Feng Shui to have the sink facing the stove directly. BUT, this is also the exact reason why people like the sink right across from the stove. Convenience. Basically, some people wash their vegetables, for example, and then just turn around and start cooking it. Or they could be cutting vegetables/meat next to the sink, turn around and start cooking.

 

[Ready2Downsize]

We just did phrase 2 options. List was long which total to $20k:

1) Electric outlet: one for each bathroom for bidet and 60 amp box
2) TV conduits for each bedroom , loft and great room
3) Level 2 cabinet handles, pull out trays for pantry
4) Water softener valve, built-in fridge water/outlet lines.  Need to choose fridge model for line placement.
5) Add a door between master bed and bath.  I checked the doors on homes being built, they are very good quality. Feel very dense almost as if they are not hollow. Rep told me they started using the new doors recently because people love them. No option for upgrade anyway
6) Whole house insulation and loft insulation
7) No option for upgrading faucets/ appliances.

Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:
1) Engineered wood for entire first floor for $35k. For 3000 square foot model 3, i dont know the square footage of the area for first floor.  Wife really wants to do solid wood but it is not offered so we will go with this option.  Luxury vinyl is $17k. I like it better than Eng Wood but happy wife is happy family so I gave in.
2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.

The only 3 things left are 36? Wolf Sub-zero fridge, windows treatment and backyard landscaping.  After all things set and done, it should be within our $200k-$250k budget for upgrades.

I just want to thank all the fellow Fresco-ers for clarifications on some of the options.

We have engineered wood and I absolutely love it. Easy to care for, softer than tile on the feet. We don't have kids or pets so never had any rolling toys on it. Not sure if that would scratch it up or not.

 

[sleepy5136]

We just did phrase 2 options. List was long which total to $20k:

1) Electric outlet: one for each bathroom for bidet and 60 amp box
2) TV conduits for each bedroom , loft and great room
3) Level 2 cabinet handles, pull out trays for pantry
4) Water softener valve, built-in fridge water/outlet lines.  Need to choose fridge model for line placement.
5) Add a door between master bed and bath.  I checked the doors on homes being built, they are very good quality. Feel very dense almost as if they are not hollow. Rep told me they started using the new doors recently because people love them. No option for upgrade anyway
6) Whole house insulation and loft insulation
7) No option for upgrading faucets/ appliances.

Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:
1) Engineered wood for entire first floor for $35k. For 3000 square foot model 3, i dont know the square footage of the area for first floor.  Wife really wants to do solid wood but it is not offered so we will go with this option.  Luxury vinyl is $17k. I like it better than Eng Wood but happy wife is happy family so I gave in.
2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.

The only 3 things left are 36? Wolf Sub-zero fridge, windows treatment and backyard landscaping.  After all things set and done, it should be within our $200k-$250k budget for upgrades.

I just want to thank all the fellow Fresco-ers for clarifications on some of the options.

We have engineered wood and I absolutely love it. Easy to care for, softer than tile on the feet. We don't have kids or pets so never had any rolling toys on it. Not sure if that would scratch it up or not.

What?s the difference between LVP vs engineered wood? I can?t even tell the difference when seeing both since LVP has evolved to a point where it literally looks like wood at an affordable price. LVP is probably easier to maintain than engineered wood right?

 

[trematix]

LVP is def more ideal if you have kids and especially in the kitchen. I had engineered wood in my prior home and it got warped in the kitchen area due to water spillage etc

We just did phrase 2 options. List was long which total to $20k:

1) Electric outlet: one for each bathroom for bidet and 60 amp box
2) TV conduits for each bedroom , loft and great room
3) Level 2 cabinet handles, pull out trays for pantry
4) Water softener valve, built-in fridge water/outlet lines.  Need to choose fridge model for line placement.
5) Add a door between master bed and bath.  I checked the doors on homes being built, they are very good quality. Feel very dense almost as if they are not hollow. Rep told me they started using the new doors recently because people love them. No option for upgrade anyway
6) Whole house insulation and loft insulation
7) No option for upgrading faucets/ appliances.

Since we did our hw so the process was so fast i was able to get the quotes for phrase 3/4:
1) Engineered wood for entire first floor for $35k. For 3000 square foot model 3, i dont know the square footage of the area for first floor.  Wife really wants to do solid wood but it is not offered so we will go with this option.  Luxury vinyl is $17k. I like it better than Eng Wood but happy wife is happy family so I gave in.
2) We want upgrade carpet for stair and entire 2nd floor, highest quality nylon carpet is offered for $8k. We will go with this.
3) Wife wants nice and simple white only countertops. Quartz countertop for kitchen and all bathrooms will total around $15k.

The only 3 things left are 36? Wolf Sub-zero fridge, windows treatment and backyard landscaping.  After all things set and done, it should be within our $200k-$250k budget for upgrades.

I just want to thank all the fellow Fresco-ers for clarifications on some of the options.

We have engineered wood and I absolutely love it. Easy to care for, softer than tile on the feet. We don't have kids or pets so never had any rolling toys on it. Not sure if that would scratch it up or not.

What?s the difference between LVP vs engineered wood? I can?t even tell the difference when seeing both since LVP has evolved to a point where it literally looks like wood at an affordable price. LVP is probably easier to maintain than engineered wood right?

 

[CalBears96]

LVP is def more ideal if you have kids and especially in the kitchen. I had engineered wood in my prior home and it got warped in the kitchen area due to water spillage etc

Yeah, LVP is 100% waterproof while engineered wood is not. It makes more sense to use LVP in kitchen, bathrooms and laundry room.

 

[qwerty]

Maybe I haven?t seen good LVP , but the couple I?ve seen and walked on were not as good looking or solid as engineered wood