Texas vs LA home prices | TigerDroppings.com

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XanderCrews
LSU Fan
Member since Mar 2009
297 posts

Texas vs LA home prices


I was trying to figure out why cost psqft was so much lower in Texas than it is in LA. It seems like the labor may be cheaper , but I could never understand how it could push the prices so much lower than in LA. I would think materials couldnt be much cheaper given general location and delivery routes.

Anyone know some good reasons?







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Lsut81
USA Fan
Member since Jun 2005
64637 posts

re: Texas vs LA home prices


quote:

Anyone know some good reasons?


Labor costs would be the biggest one, I would guess...

Secondly, and I may be throwing shite against the wall, is the fact that property taxes are so much higher in Texas






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XanderCrews
LSU Fan
Member since Mar 2009
297 posts

re: Texas vs LA home prices


So over time home prices have adjusted downward to compensate for the monthly note adding in property taxes? Or never went up
Ill buy that






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Lsut81
USA Fan
Member since Jun 2005
64637 posts

re: Texas vs LA home prices


quote:

So over time home prices have adjusted downward to compensate for the monthly note adding in property taxes?


I don't know historical trends Have home prices just recently dipped that far under Louisiana's

I just figured that when you are going to add $3-500 a month in taxes onto the house, people are naturally going to want to pay a lot less for the home...

All in all, total cost of ownership remains the same, its just where you are allocating the amounts too...






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guttata
LSU Fan
prairieville
Member since Feb 2006
20060 posts

re: Texas vs LA home prices


Property taxes.





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nikki6
New Orleans Saints Fan
Dallas
Member since Jul 2011
1782 posts

re: Texas vs LA home prices


I always thought the abundance of land had something to do with it. In TX, you can just keep spreading further out. There is no lake or river or swamp hemming you in. I was always told that had a lot to do with the home prices in the NOLA area. Metairie'Kenner and most of New Orleans is built out. It's a lot less space area wise b/c of the lake mainly, but the river and the swampy area past Kenner too. So if you want to live close to Nola, you're going to pay more.





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rottwall
Member since Feb 2013
5 posts

re: Texas vs LA home prices


texas vs la. too broad of comparison baton rouge to austin or houston maybe I know in houston even inside the loop (the preferred place to be) you do get more house for your money sometimes alot more property taxes are way higher but so are wages of course houston could be compared to the whole state of la. the number of cars & high schools in houston is roughly the same number as is in the whole state of la.





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Lsut81
USA Fan
Member since Jun 2005
64637 posts

re: Texas vs LA home prices


quote:

Because Texas fricks you in the arse with property taxes.



But no state income tax and you can deduct any sales tax that you paid off of your federal return... Its a win-win in my book.






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nikki6
New Orleans Saints Fan
Dallas
Member since Jul 2011
1782 posts

re: Texas vs LA home prices


I just moved to Dallas area. My property taxes are about $3k a year after homestead exemption, but my homeowners insurance is only $900 a year. Plus no state income tax and I can deduct the property tax on my federal return. It's actually less than what I was paying for homeowners in Metairie(and I didn't even make a Katrina claim). Plus, my house is nicer with a bigger lot than my house in Metairie.
As for those property taxes, I don't mind paying them too much when you see the awesome school system in Richardson, the services offered, parks, etc. Quality of life is much better.






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Lsut81
USA Fan
Member since Jun 2005
64637 posts

re: Texas vs LA home prices


quote:

I don't mind paying them too much when you see the awesome school system in Richardson, the services offered, parks, etc. Quality of life is much better.


Yup, much better in Texas






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cwill
New Orleans Saints Fan
Member since Jan 2005
24567 posts

re: Texas vs LA home prices


Do you have a price/sqft comparison? I know in the Houston loop (Heights) the range is $245-260/sqft.





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XanderCrews
LSU Fan
Member since Mar 2009
297 posts

re: Texas vs LA home prices


I guess I should clarify to the "suburbs". I have been going on the building my house plan and just wondering why/if it would cost more to build in say mandeville/madisonville, which got me thinking where in the builidng process would I see the increase in costs.

A roof/slab/framing here may cost xx dollars, but is it that much cheaper to build in the same thing in Houston.






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Lsut81
USA Fan
Member since Jun 2005
64637 posts

re: Texas vs LA home prices


quote:

I guess I should clarify to the "suburbs".


You can get a <5yr old 2500sq ft place in one of the burbs of houston for under 150k...






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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120608 posts

re: Texas vs LA home prices


quote:

even inside the loop

Living inside the loop in Houston is more expensive than anywhere in LA, save a few hot spots in New Orleans






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toots-N-scoots
LSU Fan
The Pizzle
Member since Aug 2012
151 posts

re: Texas vs LA home prices


Here is a sample cost structure for materials and contractor fees for a builder in the Houston inner loop area.
I don't know if it will help you but maybe you can see if there are any major cost differences.

avery sample
2700 sf PROFORMA
ITEM BUDGET
A/C $8,800.00
Alarm/Network wiring $1,700.00
Appliances $4,400.00 allowance
Gas fireplace $1,200.00
Building Materials $40,000.00
Cabinet/Door Hardware $2,000.00 allowance
Concrete flatwork $3,000.00 assumes alley access
Demo $5,000.00 assumption
Electric $8,800.00
Electric fixtures $3,400.00
Electric underground $975.00
Exterior doors $1,250.00 single fron/back with transomes
PAINT $14,900.00
Fence $3,700.00
Foundation $11,200.00
Framing Carpentry $14,500.00
Garage turnkey $8,000.00
Grade sand $750.00
Granite $6,500.00 allowance
Gutters $975.00
Hardwoods $14,500.00
High end front door $650.00
Insulation $2,750.00
Landscaping $5,000.00
Interior Clean $650.00
Mirror/glass $650.00
Threshold/weatherstrip $475.00
Interior doors $1,980.00
Plumbing $10,500.00
Plumbing Fixtures $5,200.00
Port o can $500.00
Roof $6,500.00
Sewer tap $975.00
Shower enclosure $1,250.00
Sheetrock $9,450.00
Tractor work $350.00
Tile $4,000.00 allowance
Tile labor $4,000.00
Trim Carpentry $10,125.00
Trim Materials $10,125.00
Waste Removal $5,000.00
Windows $6,500.00

Sub Total $242,180.00

architecture/engineering $3,500.00
Insurance $2,900.00
Permits $2,000.00
UTILITIES $1,500.00

Sub Total $9,900.00

Grand Total $252,080.00
20% contractor fee 50,416
TOTAL JOB 302,496.00






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wiltznucs
South Florida Fan
Apollo Beach, FL
Member since Sep 2005
7706 posts

re: Texas vs LA home prices


quote:

Do you have a price/sqft comparison? I know in the Houston loop (Heights) the range is $245-260/sqft.


Good grief, in the Tampa suburbs you can get tile, granite, stainless appliances, etc for $100 a sqft...






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rmc
LSU Fan
Zachary, LA
Member since Sep 2004
22545 posts

re: Texas vs LA home prices


San Antonio v. BR -- SA has way cheaper housing in decent neighborhoods.





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TigerDeBaiter
LSU Fan
Member since Dec 2010
2652 posts

re: Texas vs LA home prices


Labor is a big one, Texas doesn't require workers comp insurance, so the subs can bid a lot cheaper. Plus the whole mexican labor, but Louisiana has a lot of that too, just more competition in Texas.





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cwill
New Orleans Saints Fan
Member since Jan 2005
24567 posts

re: Texas vs LA home prices


You know my mistake, I was quoting the price/sqft for a built home which includes lot $. I talked to a builder that quoted to me a $550k for a 4500 sqft house with high quality everything....lot price was going to be 300-400k which included tear down.





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wiltznucs
South Florida Fan
Apollo Beach, FL
Member since Sep 2005
7706 posts

re: Texas vs LA home prices


quote:

Seffner is the place to be.


After the housing bubble burst you can still find $100 in Riverview, New Tampa and Westchase. Still lots of inventory down this way.






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