We recently bid a million-dollar, 3,000-square-foot custom home in the heart of Silicon Valley. I grew up in a 1910 Sears Catalog home that would sell for $180,000 today. For anyone who lived in the same type of home, $1,000,000 might seem like an insane amount of money. Except that it’s quite common today, and it’s especially common in the San Francisco area.
At $333 per square foot, I have to admit that I was surprised this wasn’t more expensive…
Because this home is in the most expensive real estate market in the country. People can spend $1,000+ per square foot in this town.
Because it is designed with magazine quality, fantasy finishes.
So, let’s see what kind of goodies techies drop their money on.
These are the five big purchases that I find most interesting:
– Fancy staircase
– Special cut hardwood flooring
– Four exquisite bathrooms (in a three-bedroom home)
– Custom kitchen cabinets
– A 10-piece wall of windows and sliding doors.
Here are some details about these finishes:
– A special-order, $38,000 staircase. This is the kind you’ll see in Dwell Magazine. The staircase has floating wooden steps, a structural steel stringer, steel supports, and a metal wire railing.
– $35,000 hardwood flooring that is rift sawn. Rift sawn is the most expensive way to harvest wood from a tree trunk. It’s also the hardest and most durable.
– $5,600 in glass shower doors, tile everywhere, and waterproof floors throughout.
– $36,000 in custom kitchen cabinets
– 10-part glass doors running the full length of the kitchen and living area. A truly open living area like this, in earthquake country, with another story above, requires that the walls are more like those of a steel skyscraper vs. those of a traditional wood-framed house.
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