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What’s the going rate to build a house these days?

Posted on 8/9/19 at 12:14 pm
Posted by Groundscrew85
Member since Oct 2018
685 posts
Posted on 8/9/19 at 12:14 pm
I got a price of $120.00 a square foot a month ago. I have a piece of property I want to build a small house on and I’m wondering if I should subcontract it myself.
Posted by Boudreaux35
BR
Member since Sep 2007
21517 posts
Posted on 8/9/19 at 12:28 pm to
That's probably a reasonable estimate as long as you don't go too high end on extras or really custom work. Also, location might have a small effect on it.
Posted by Groundscrew85
Member since Oct 2018
685 posts
Posted on 8/9/19 at 12:39 pm to
Thank you. It’s in Jefferson Parish.
Posted by Geauxld Finger
Baton Rouge
Member since Jan 2005
31735 posts
Posted on 8/9/19 at 12:56 pm to
It depends on the fixtures and add ons or upgrades. If you use a builder it’s going to be more like $150/sf.
Posted by TheBoo
South to Louisiana
Member since Aug 2012
4516 posts
Posted on 8/9/19 at 1:07 pm to
I know this isn't the OT but i'll say tree fiddy solely because I've never gotten to before.
Posted by ItNeverRains
37069
Member since Oct 2007
25471 posts
Posted on 8/9/19 at 1:22 pm to
80 to 400 a foot
Posted by Tridentds
Sugar Land
Member since Aug 2011
20399 posts
Posted on 8/9/19 at 1:34 pm to
Seems a bit high honestly if you are supplying the land. Of course if you build a 3 bedroom 3 full bath and nice kitchen the cost per sq ft of bathrooms and kitchens is much higher than normal living space so that pushes overall cost per sq ft up.

Finish details can also add up. If this was builder grade stuff it sounds a bit high. Lots of details missing so $120 could be right.
This post was edited on 8/9/19 at 1:35 pm
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3798 posts
Posted on 8/9/19 at 1:44 pm to
quote:

80 to 400 a foot

Accurate.


Need way more details. But to your actual question, “should you subcontract yourself?” It’s even more complicated. There’s been a few threads regarding it recently.
Posted by Groundscrew85
Member since Oct 2018
685 posts
Posted on 8/9/19 at 2:35 pm to
That’s hilarious
Posted by ItNeverRains
37069
Member since Oct 2007
25471 posts
Posted on 8/9/19 at 3:31 pm to
quote:

Need way more details. But to your actual question, “should you subcontract yourself?” It’s even more complicated. There’s been a few threads regarding it recently.


The 1st question answers the 2nd.
Posted by chalupa
Member since Jan 2011
6758 posts
Posted on 8/11/19 at 9:27 pm to
(no message)
This post was edited on 10/21/19 at 12:02 pm
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 8/12/19 at 8:34 am to
Little guest house I am building, my cost is about $13.50 a SF. Little house has a lot of custom wood work in it.
Posted by Supermoto Tiger
Baton Rouge
Member since Dec 2010
9934 posts
Posted on 8/12/19 at 9:15 am to
quote:

But to your actual question, “should you subcontract yourself?” It’s even more complicated

120/SF is not bad. Subcontract it yourself and your material cost increases considerably. You're not a volume builder and your material cost will reflect that from every supplier.

My Dad is a contractor and we struggled to keep my cost at $110/SF and that includes me paying cash for some of the things I considered "extras" like security cameras, all LED lighting and outdoor kitchen.

But, its all relevant because it depends on the finishes.

ETA: I owned the land out right
This post was edited on 8/12/19 at 9:25 am
Posted by poochie
Houma, la
Member since Apr 2007
6289 posts
Posted on 8/12/19 at 10:35 am to
$120 living or total?
Posted by SlidellCajun
Slidell la
Member since May 2019
10436 posts
Posted on 8/14/19 at 4:12 pm to
I’m looking at building a house on MS gulf coast. Does it make a big difference with the 20’ elevation requirement? I imagine it does.

I’d like a middle of the line semi custom home and have my budget set at $150/ft total under beam.
Land purchase separate.

Would that be possibe?
Posted by uway
Member since Sep 2004
33109 posts
Posted on 8/14/19 at 4:36 pm to
Per square foot is just a flawed way of valuing homes.

If you are at all picky about finishes and the quality of the work, I think you should assume that the price/sq ft is going to be a lot higher than what houses are selling for in the area.

Everything is expensive these days. Every sub has trouble finding reliable workers, so has to pay a lot for people who will do quality work.

We did a whole home remodel a couple of years ago, and what I learned was that my expectations are higher than my pockets are deep.

What I’m trying to say is that if you don’t either have real connections to get stuff cheaply or know how to do lots of stuff yourself, then you should expect to take a beating, and you should not ask for anything you don’t really need.
Posted by SlidellCajun
Slidell la
Member since May 2019
10436 posts
Posted on 8/15/19 at 6:40 am to
The issue becomes about budgeting for the job. I need to have some sort of benchmark rate and then know what to expect from that rate.

ie
$120/sq foot= slab, 9’ ceiling, no customization, and bottom tier appliances and fixtures. No garage.

$140/sq foot= raised on slab, moderate customization, mid grade appliances and fixture, one car garage.

$175/ sq foot= raised on slab, all custom, upper tier appliances and fixtures, two car garage.

$200/sq foot= all the above and built in gym and garagmahol with built in beer taps

Or whatever...

Someone must know how this stuff plays out.

I want a house raised 12 feet, on a slab, with semi custom cabinetry and high end appliances. 10’ ceilings. Hardwood flooring. No elevator.
This post was edited on 8/15/19 at 2:34 pm
Posted by ItNeverRains
37069
Member since Oct 2007
25471 posts
Posted on 8/15/19 at 9:38 am to
quote:

Per square foot is just a flawed way of valuing homes


Its just the starting metric used by appraisers to determine how hard they will have to work to hit the number needed by lender to underwrite the loan.
Posted by bbatta11
Member since Jul 2014
47 posts
Posted on 11/14/20 at 7:37 am to
quote:

I’m looking at building a house on MS gulf coast. Does it make a big difference with the 20’ elevation requirement? I imagine it does.

I’d like a middle of the line semi custom home and have my budget set at $150/ft total under beam.
Land purchase separate.

Would that be possibe?


I'm in the same boat. Curious if you have answers to your questions 15 months later.
Posted by magicman534
The dirty dell
Member since May 2011
1576 posts
Posted on 11/14/20 at 3:17 pm to
My wife and I are getting ready to build next month. Waiting to close on construction loan. We are paying 120 sq ft in st Tammany. That’s custom, all brick, custom cabinets, 12’ celilngs, granite (have to pay extra for quartz or quartzite), 2 car garage, 12x20 shop, 12x30 covered and paved boat storage. Considering building costs are up 38%, I feel like that’s a pretty good deal.
This post was edited on 11/14/20 at 3:19 pm
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