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Started By
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re: What’s the current cost per square foot to build in the Lafayette / Baton Rouge area?
Posted on 1/8/22 at 11:18 am to VermilionTiger
Posted on 1/8/22 at 11:18 am to VermilionTiger
If your are building in Lafayette parish, I am happy to provide some advice, lessons learned or just a straight up bitch session about the costs. We did find a pretty good and well known builder who is doing it for costs plus 10%.
We have the house framed with rough in plumbing, electrical and brick coming.
We have the house framed with rough in plumbing, electrical and brick coming.
1
Posted on 1/8/22 at 11:19 am to ShermanTxTiger
It’s in (north) Vermilion
Manuel builders is someone we are considering, but we are not doing it with the current costs
Manuel builders is someone we are considering, but we are not doing it with the current costs
Posted on 1/8/22 at 11:20 am to VermilionTiger
We're in beginning process of building right now in Ragley using Manual Builders. We're running about $125 sq ft. Including laminate and ceramic tile floors. Ceramic stand alone shower, granite countertops, 6" basebaseboards, recessed lighting, and fiber cement siding verical and horizontal. We have our own land back in the woods with a large barn. From sounds of it I'm glad we went with them.
Posted on 1/8/22 at 11:25 am to VermilionTiger
quote:
Why didn’t you wait a little while to build?
Why do you think the cost will go down? What in history ever goes down once it reaches certain thresholds?
Short of a RE market correction, which is a gamble to wait on, pricing isn't going down. Even then you are going to probably be paying a higher rate soon which ends up costing you more in the long run.
Posted on 1/8/22 at 11:34 am to Reeaholic
quote:
We're running about $125 sq ft.
Are you calculating by living or overall SQ FT?
Posted on 1/8/22 at 11:36 am to stout
Good thinking. I’m currently getting interest rate offers on my current house for 2.625
Posted on 1/8/22 at 11:37 am to stout
Living sq ft.
Posted on 1/8/22 at 11:39 am to VermilionTiger
We didn't go with Manuel but they have a solid reputation. They are like a hybrid track home builder/custom builder. They are about 10-20% less than a custom home builder.
With inflation and the housing mess, waiting will do you no favors IMO. Good luck.
With inflation and the housing mess, waiting will do you no favors IMO. Good luck.
Posted on 1/8/22 at 11:41 am to stout
quote:
pricing isn't going down
Lumber, for one, will go down from current prices. This isn't really debatable. It may not happen in the short term, but it will happen.
Posted on 1/8/22 at 11:48 am to dewster
$130/foot won’t get you shite. At least in Lafayette. The house across my street is the same size as mine with similar finishings and on a smaller lot. They’re asking $135k more than what we paid for ours when we bought in 2020. Happening all over our subdivision too. We paid $180/foot. We’re seeing homes going for $230-250/foot pretty regularly now all around us.
Posted on 1/8/22 at 11:50 am to Evolved Simian
quote:
Lumber, for one, will go down from current prices
Not according to the futures market which is already predicted through September and is usually not far off.
LINK
It is going up before it goes down. Futures show some relief by September of this year but that will still be more than double what it was compared to August of 2021
OP can wait years for pricing to drop but again what will interest rates be by then? What if rates go up and lumber never drops?
Posted on 1/8/22 at 11:53 am to stout
quote:
OP can wait years for pricing to drop but again what will interest rates be by then? What if rates go up and lumber never drops?
Excellent advice
That’s why I come here
Posted on 1/8/22 at 11:57 am to VermilionTiger
quote:
Estimate from Q3 2021 was $210.
This is accurate.
Posted on 1/8/22 at 11:57 am to VermilionTiger
Dude those are big areas and vastly different prices throughout each.
Posted on 1/8/22 at 12:00 pm to stout
quote:
OP can wait years for pricing to drop but again what will interest rates be by then? What if rates go up and lumber never drops?
That only matters if he has to borrow to build, but if he does, you're correct that rates are only going to go up. The era of nearly free money is coming to an end.
Posted on 1/8/22 at 12:08 pm to ShermanTxTiger
quote:
Our home is roughly 2900 sft but we have another 2000 sft for garages, patios and porches.
So what is the total cost you're expecting. I'm getting mixed estimates for to the porches and patio area being so large. Are the price psf based on living are...2900sf?
Posted on 1/8/22 at 12:16 pm to stout
quote:
Seriously, go shop trim and you will be floored at how ridiculous it all is right now.
Quality trim has always cost a man half his net worth
Posted on 1/8/22 at 12:16 pm to VermilionTiger
quote:Even with the land not being factored in.
Even with the land not being factored in?
Posted on 1/8/22 at 12:18 pm to Oilfieldbiology
quote:
Quality trim has always cost a man half his net worth
:rimshot:
Posted on 1/8/22 at 12:20 pm to VermilionTiger
$210 - $230 is what I've heard for SWLA. I would expect Lafayette to be slightly more.
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