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Posted on 2/21/13 at 9:12 am
Posted on 2/21/13 at 9:12 am
(no message)
This post was edited on 12/21/21 at 9:38 am
Posted on 2/21/13 at 9:13 am to XanderCrews
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
Posted on 2/21/13 at 9:15 am to Lsut81
(no message)
This post was edited on 12/21/21 at 9:38 am
Posted on 2/21/13 at 9:24 am to XanderCrews
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...
Posted on 2/21/13 at 9:33 am to Lsut81
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.
Posted on 2/21/13 at 9:50 am to XanderCrews
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.
Posted on 2/21/13 at 10:46 am to Cholo
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.
Posted on 2/21/13 at 11:41 am to Lsut81
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.
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.
Posted on 2/21/13 at 11:43 am to nikki6
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
Posted on 2/21/13 at 1:08 pm to XanderCrews
Do you have a price/sqft comparison? I know in the Houston loop (Heights) the range is $245-260/sqft.
Posted on 2/21/13 at 1:36 pm to cwill
(no message)
This post was edited on 12/21/21 at 9:38 am
Posted on 2/21/13 at 2:06 pm to XanderCrews
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...
Posted on 2/21/13 at 2:37 pm to rottwall
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
Posted on 2/21/13 at 6:18 pm to Powerman
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
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
Posted on 2/21/13 at 6:27 pm to cwill
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...
Posted on 2/21/13 at 7:40 pm to wiltznucs
San Antonio v. BR -- SA has way cheaper housing in decent neighborhoods.
Posted on 2/21/13 at 8:44 pm to XanderCrews
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.
Posted on 2/21/13 at 8:50 pm to wiltznucs
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.
Posted on 2/21/13 at 9:27 pm to Cholo
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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