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New Construction Costs in New Orleans

Posted on 4/3/22 at 3:04 pm
Posted by hey benji
new orleans
Member since Sep 2013
403 posts
Posted on 4/3/22 at 3:04 pm
We’re looking to build in Lakeview.

Cost of our home just went from $750k- to over 1 million.

We own the lot free and clear. Really not interested in putting out another 250k.

Our builder is a good guy. We saw his builds and had great feedback from past clients. I have not shopped our plans but I’m considering it now.

Could things settle within the next 6 months - year?
This post was edited on 4/3/22 at 3:13 pm
Posted by TitleistProV1X
Member since Nov 2015
3526 posts
Posted on 4/3/22 at 3:24 pm to
Did he say specifically what is causing him to have to tack on an extra 33% I’d definitely shop
It around. There’s a lot of great builders in/around Lakeview
Posted by bayoutiger225
Member since Nov 2009
468 posts
Posted on 4/3/22 at 7:07 pm to
We are self contracting. The cost of using a builder right now is adding 20-30% costs to already expensive builds. Depending on your job I would highly consider this. We are building in Lafayette however so looking to get around $150 per Sqft by self contracting.
Posted by saderade
America's City
Member since Jul 2005
25760 posts
Posted on 4/3/22 at 10:44 pm to
Obviously prices are elevated from the supply side but I also think there is so much construction work in the city that GCs are charging top dollar. Finding someone to oversee the build may be the best option, but it probably won’t be built very quickly.
Posted by moock blackjack
Member since Apr 2008
98267 posts
Posted on 4/4/22 at 9:18 pm to
Don’t build now
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