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re: New Construction Costs in New Orleans
Posted on 4/4/22 at 2:06 pm to bayoutiger225
Posted on 4/4/22 at 2:06 pm to bayoutiger225
quote:
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.
If you have the patience to add an additional 6 months to your project self-contracting isn't a bad way to cut some costs. I think people who self-contract don't typically account for scheduling delays with subcontractors. There is a significant labor shortage for skilled crafts and they are loyal to their GCs who give them repeat business. You may have someone scheduled for a certain day, but if their GC calls with a problem on a job you will most likely get bumped.
2
Posted on 4/4/22 at 8:10 pm to TigerVizz87
We are planning on having the build take 12-18 months. Currently living at the in laws and we are very blessed to be able to do that. It’s a large home and we essentially have our own “wing” of the house.
I work from home and go to the lot every day so I’ll be able to stay on top of most things. My in laws have self contracted two homes and a camp so they have some great experience with what not to do and what to do.
I honestly wouldn’t be upset if the project took a bit longer as that allows us to pipe more money away and try and see if material costs drop.
I work from home and go to the lot every day so I’ll be able to stay on top of most things. My in laws have self contracted two homes and a camp so they have some great experience with what not to do and what to do.
I honestly wouldn’t be upset if the project took a bit longer as that allows us to pipe more money away and try and see if material costs drop.
Posted on 4/4/22 at 11:29 pm to TigerVizz87
quote:
There is a significant labor shortage for skilled crafts and they are loyal to their GCs who give them repeat business.
Not always true anymore. Our contractor is having a hard time getting his subs to come in and finish our house. There is still a bunch of hurricane repair work out there and subs are doing those because they pay more. People are willing to pay anything to get back into their homes.
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