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re: Hearing stories of self home reconstruction
Posted on 9/7/16 at 10:42 am to Mudminnow
Posted on 9/7/16 at 10:42 am to Mudminnow
quote:
Much cheaper to take the money, move somewhere else and start new.
However, you still have to presumably pay off a mortgage on the house you are no longer legally allowed to inhabit.
So that cuts significantly into the amount you pocket in this unfortunate scenario.
0
Posted on 9/7/16 at 10:47 am to meauxjeaux2
I
I know of a few people just going to start new at one of the new subdivisions off bluebonnet. Many are still trying to decide what to do but it wouldn't surprise me if more started to do just that.
quote:
on the surface this would be a logical step but where would they move? Property just isn't available to build a new home. And what about those properties that would be abandoned?
I know of a few people just going to start new at one of the new subdivisions off bluebonnet. Many are still trying to decide what to do but it wouldn't surprise me if more started to do just that.
Posted on 9/7/16 at 10:48 am to Mudminnow
I'm wondering how many people are being told they have to raise their house?
Posted on 9/7/16 at 11:04 am to sec13rowBBseat28
quote:
I'm wondering how many people are being told they have to raise their house?
I believe its fear they have to and thus just wanting to start new from scratch. Not to mention fear that housing prices in an area that was flooded will go down yet they will be dumping all this money into it.
I'm not sure how its going to play out but if you planned on selling or moving in a couple of years now might be the best time to leave.
This post was edited on 9/7/16 at 11:08 am
Posted on 9/7/16 at 11:12 am to Mudminnow
quote:
I believe its fear they have to and thus just wanting to start new from scratch. Not to mention fear that housing prices in an area that was flooded will go down yet they will be dumping all this money into it.
I'm not sure how its going to play out but if you planned on selling or moving in a couple of years now might be the best time to leave.
their property values would take a major hit and those properties that didn't flood will go up in value over 20%
Posted on 9/7/16 at 11:18 am to meauxjeaux2
Something else I heard yesterday. A friend who had about 24" of water in his house was told he would have to raise his house 6". Does that make sense to anyone?
This post was edited on 9/7/16 at 11:20 am
Posted on 9/7/16 at 11:46 am to meauxjeaux2
quote:
their property values would take a major hit and those properties that didn't flood will go up in value over 20%
So if someone had a home worth 200k before the flood, the house had a few feet of water. I'm guessing they'll get charged 60k to restore it back to new, during any other time but probably only 30k worth of materials and labor. How much is the home worth now? $160K?
Doesnt sound like a good situation for anybody.
Posted on 9/7/16 at 12:40 pm to Mudminnow
The biggest problem is that the contractors are charging absolutely outrageous prices. Most were charging 8-10K to gut 1500sqft houses in our neighborhood. That is straight up robbery! The quotes that I am hearing from my neighbors to rebuild are not any better.
Posted on 9/7/16 at 12:51 pm to convertedtiger
Yeah, its sad to see people spending nearly double what it would cost to repair a home that will be worth less than what it was before the flood.
Posted on 9/7/16 at 12:52 pm to mpar98
i heard about one local moron putting up sheetrock completely disregarding moisture or anything else.
Posted on 9/7/16 at 12:58 pm to stewie
quote:
I haven't heard of that happening so far but don't be surprised if most if not all are going to require an inspection by an electrician/plumber/etc.
No they won't
Posted on 9/7/16 at 1:01 pm to mpar98
quote:
How the hell do you raise a 2500 SF house that is on a concrete slab and how much does that cost?
quote:
If the house is slab, it has to be torn down and rebuilt at the higher stage.
No it doesnt. You jack up the slab and run beams under it. Not sure the cost. Can't imagine its cheap.
Posted on 9/7/16 at 1:10 pm to poops_at_parties
quote:
This is Louisiana and you're not gonna stop determined Cajuns.
I have always marveled at the South Louisiana ability to build and create homemade solutions. Some of the crawfish cooking rigs I've seen are marvels.
Posted on 9/7/16 at 1:17 pm to ssgtiger
You may have to get a final inspection if you have a mortgage. It will be up to your lender.
Posted on 9/7/16 at 1:20 pm to convertedtiger
Many large homes on slabs raised in NOLA after Katrina. Lots of paperwork and FEMA paid almost all cost.
This post was edited on 9/7/16 at 1:21 pm
Posted on 9/7/16 at 2:59 pm to stewie
quote:
A prudent homeowner would keep copies (if they have the work contracted out)
And any moron can slide a contractor a Cnote to give them a "receipt"
Posted on 9/7/16 at 3:20 pm to convertedtiger
quote:
You may have to get a final inspection if you have a mortgage. It will be up to your lender.
Yes that is very possible, but not your homeowner's insurance like the other poster said.
Posted on 9/7/16 at 6:16 pm to mpar98
My dad and I did everything to the house ourselves after Katrina--electrical, plumbing, hvac, roofing, carpentry, masonry--and had a pro check our work and make final connections at the end and sign off for a small fee.
Sheetrock was a different story. After 4 hours struggling to hang only 3 sheets of sheetrock correctly, we gave up and paid to have it all hung and floated. That shite's an art form.
Sheetrock was a different story. After 4 hours struggling to hang only 3 sheets of sheetrock correctly, we gave up and paid to have it all hung and floated. That shite's an art form.
Posted on 9/7/16 at 7:26 pm to Mudminnow
Oh I am doing it all except for AC and probably Windows. I have done all the work on a smaller scale owning the house for 16 years. It's a pain...
Posted on 9/7/16 at 8:24 pm to mpar98
(no message)
This post was edited on 6/14/20 at 6:54 pm
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