- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: $236,000 To Rebuild A 1,120 Sq. Foot House In OPP - Huh??
Posted on 10/18/23 at 9:53 am to TeddyPadillac
Posted on 10/18/23 at 9:53 am to TeddyPadillac
quote:
Just b/c you live on St. Charles St doesn't mean it automatically cost 5x's as much to rebuild a house as it would if you had to rebuild the same exact house in Kenner
Get two quotes for work in the two different areas.
Not saying it is right or wrong, just saying a lot of contractors charge a premium where they can.
Do all? No.
1
Posted on 10/18/23 at 10:04 am to TimeAndTide
Are you finding 1120 sft homes for sale less than $236,000?
Keep in mind that is only market value. The cost to build a new home with 1120 is about $225 a sft. 225 x 1120=$252,000.
Keep in mind that is only market value. The cost to build a new home with 1120 is about $225 a sft. 225 x 1120=$252,000.
Posted on 10/18/23 at 10:05 am to fightin tigers
quote:
Not saying it is right or wrong, just saying a lot of contractors charge a premium where they can.
and i get that, and that's fine when you are building a new house.
But when you are rebuilding through insurance, then charging a premium just b/c of the location should not play a factor.
Posted on 10/18/23 at 10:08 am to ShermanTxTiger
quote:
Are you finding 1120 sft homes for sale less than $236,000?
Keep in mind that is only market value. The cost to build a new home with 1120 is about $225 a sft. 225 x 1120=$252,000.
No.
It isn't.
Brand new 1,350sqft home for $192K
I guess those guys that built that home are just donating 10's of thousands of dollars to the buyer.
Posted on 10/18/23 at 10:15 am to Chad504boy
Settle down Chad, you're the one who started acting like a dick here. This isn't the OT or Saints talk. We try to behave a little better here. The key word there is try 
Posted on 10/18/23 at 10:19 am to weadjust
quote:
2x4 is the same price at Lowes in New Orleans and my local Lowes in North MS. $3.48 each
Are builders getting their lumber from Lowes, typically? I seriously doubt they are paying retail wherever they are getting it.
Posted on 10/18/23 at 10:28 am to mdomingue
quote:
Settle down Chad, you're the one who started acting like a dick here.
I said "ding bat, answer my question" and he goes starts the dick parade doing everything but answering a singular question, a question which would help answer his original question, not all this shite about lumber prices from stores bullshite.
Posted on 10/18/23 at 10:29 am to mdomingue
quote:
Are builders getting their lumber from Lowes, typically? I seriously doubt they are paying retail wherever they are getting it.
what is the point you are trying to make?
The point the other guy is making is that the building materials, at least at Lowes, cost the same a couple hundred miles apart, but we are to believe it cost more in New Orleans than anywhere else in the surrounding area. Why would it be any different from the wholesale places builders are buying from?
Posted on 10/18/23 at 10:31 am to TeddyPadillac
quote:
but we are to believe it cost more in New Orleans than anywhere else in the surrounding area.
You see, this was an assumption that has been lazily made. That somehow this whole ordeal is because his house is in "OPP" and that dictated the difference in replacement cost... how about lets first get down to WHO THE frickING INSURER is!!!!!!!!!!!!
Posted on 10/18/23 at 12:06 pm to TeddyPadillac
quote:
The point the other guy is making is that the building materials, at least at Lowes, cost the same a couple hundred miles apart, but we are to believe it cost more in New Orleans than anywhere else in the surrounding area. Why would it be any different from the wholesale places builders are buying from?
Large chains like Lowes use regional or national pricing on common items, like 2X4s. They are buying directly from the lumber suppliers.
My experience with contractors, although that is decades ago, is they typically deal with local lumberyards/building supply distributors who offer them contractor discounts that are based on the delivered cost of the items. My point is those may be higher in NOLA vs North Mississippi. I really don't know.
Part of the reason I suspect it would be things like the overhead costs in terms of owning or leasing a building/land, those are probably a bit higher in NOLA. Also, the cost of taxes, licensing, and fees are ridiculous there, from what I gather. All of that goes into the price a wholesaler or supplier will ask for lumber.
Posted on 10/18/23 at 12:36 pm to mdomingue
quote:
Also, the cost of taxes, licensing, and fees are ridiculous there, from what I gather. All of that goes into the price a wholesaler or supplier will ask for lumber.
100%
I don't think we are talking even a 10% increase, but together all of these things starts to add up.
The answer to the OPs question of why is it so expensive has been completely justified many times in this thread with comps and real values.
If he wants to try to a la carte his insurance then that is what he should try. Not sure why you would rule out getting a new slab or attached garage when adjusting a total loss on a house.
Posted on 10/18/23 at 1:09 pm to TeddyPadillac
quote:Builders like DSLD and DR Horton can build cheap because they're doing it in bulk with a very limited number of floor plans and options. Other than cabinets and floors, pretty much all of the materials are the same and they're building 200 houses at any given time, so they can build cheaper per house thanks to an economy of scale. You can't rebuild a house for the same cost as a cookie cutter builders who's building dozens of identical houses at the same time can.
The point i'm making is there are $200k brand new cookie cutter homes on the market right now, but what y'all are saying is that shouldn't be possible, yet it is.
If they can do it for $200k then why can't OP, especially considering he already owns the land, and the slab, and driveway and plumbing.
Also, the existing slab and underground plumbing may very well not be reusable depending on what destroyed the house in the first place. Or it might have to be redone anyway because it may not be up to current building code. Insurance company has to calculate it into their reconstruction cost estimate because it may be unusable in the rebuild anyway.
Plus if I was a contractor doing a total rebuild, I wouldn't want to reuse an existing slab or old under slab plumbing. Just opens you up to potential warranty problems caused by something you didn't do.
Posted on 10/19/23 at 3:21 pm to TeddyPadillac
quote:
I guess those guys that built that home are just donating 10's of thousands of dollars to the buyer.
Link doesn't work bro. Do some research... new home construction averages $190-$250 sft. Smaller the home, the higher per Sft cost.
Posted on 10/19/23 at 4:14 pm to ShermanTxTiger
quote:
Link doesn't work bro
works just fine for me, on both my computer and my phone.
quote:
Do some research
I did.
see the link, or look on zillow yourself. the link is simply a house for sale on zillow.
quote:
new home construction averages $190-$250 sft.
kewl, we aren't talking about averages here.
There are new construction homes that are 1200sqft for under $200k. And they aren't DSLD or DR Horton.
again, don't confuse the value of a home, or what a builder will charge simply b/c of an certain area, with the actual cost to build a new home.
Page 3 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News