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re: Buying or Selling a gutted home $$$ question

Posted on 8/24/16 at 1:42 pm to
Posted by UpToPar
Baton Rouge
Member since Sep 2008
22162 posts
Posted on 8/24/16 at 1:42 pm to
I don't have a clue, but $10/sq ft can't be right. That's $20K for a 2K sq ft home.

Or in OT terms, that's $50K for a 5K sq ft home.

Even $15/sq ft seems really really low.
Posted by GeauxFast
Gonzales, LA.
Member since Dec 2007
97 posts
Posted on 8/24/16 at 1:55 pm to
I agree it seems low, but the value of the homes even rebuilt is lower than it was pre-flood. I am a seller in this equation, I'm just trying to set reasonable expectations. This is Goodwood neighborhood close to Catholic School decent but not great. 2300sq ft.Don't have the stamina to rebuild, just trying to get budget built to start planning forward
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