How much should I pay for a gutted house?
 

Gutted house: Minimum = none

Maximum: $90 per sf

Average: $35 to $45 per sf



What does it cost to rebuild?
 

Doing the rebuild yourself?

- You can do it for  $50 to $80 per SF

- Turnkey from a Contractor? About $80 to $100 per SF

This does include new roof, interior walls, plumbing, electrical.

This does not include raising a house or other equally major portions of the property

 



Empower yourself to Build it!
 

Think you can do it?

1) Get a handle on the big items, and get a realistic timeframe.

2)Roof: About $100 to $120 per Square (100 SF).

3) Electrical: $4 to $6 per Square Foot.

4) Plumbing: a wild card...look at using alternatives to copper such as PEX.

5) Cabinets: Prices vary widely...look at the quality of the hardware and the solid wood fronts.

6) Floors: Installation only costs should be about $1.50 to $2.50 per SF.  Make sure the subfloor is level!

7) Sheetrock: Prices and quality varies widely...ask to see past work!!! This can make or break you when it comes time to sell.

Want to make sure the job gets done right?

A) Do not pay for any labor in advance

B) Break up the work into pieces completed completely.

C) Do not accept excuses such as "we are finishing up another job".  Your answer to excuses must be, "well, you will get paid when you are completely finshed with "(B)" above then!"




Welcome
The Real New Orleans story
Buy New Orleans
Buyer's Checklist / What to look for
Where & how to get money
Selling your Property
What is my house worth?
Condo's - the next frontier
Weekly Interest rate update
Investor secrets
Project Management Secrets
Property Tax & Schools
Bond money explained
Leasing
About Ian Cockburn
Get yourself a great Realtor
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|Welcome| |The Real New Orleans story| |Buy New Orleans| |Buyer's Checklist / What to look for| |Where & how to get money| |Selling your Property| |What is my house worth?| |Condo's - the next frontier| |Weekly Interest rate update| |Investor secrets| |Project Management Secrets| |Property Tax & Schools | |Bond money explained| |Leasing| |About Ian Cockburn| |Get yourself a great Realtor|


Ian Cockburn, Agent with Dorian Bennett / Sothebys Int Realty -- 2340 Dauphine Street, New Orleans, LA 70117, t(504) 944-3605 f (504) 948-3401 c (504)615-2333