Because flooding is a major risk in New Orleans, many people that live in this area look into house raising. Elevating your house can significantly reduce the risk of water damage. With that said, this isn’t necessarily a decision that you’ll want to make lightly. You should look closely at potential costs and decide how to proceed from there.
What Are The Typical Costs?
The average cost of raising a house is $35,500. However, the cost could be significantly higher or lower than that. If you simply choose to raise a house a few feet and build a crawl space beneath it, your costs could be as low as $17,000. If you’re raising your feet up to eight feet, or if you’re building a basement, you could be paying upwards of $80,000.
It’s important to remember that you have options when it comes to house raising, and those options can have a big impact on what you’ll pay. Consider your budget when you’re looking at your choices. You should try to find an option that you can afford.
Is Raising A House Worth The Cost?
If your New Orleans home is within a flood zone, then yes, raising your house is an option that makes financial sense for you. While house raising can be expensive, water damage could wind up being a lot more costly.
If you’re trying to decide whether or not you should pay to raise your house, you should look at the risks that you’re facing. Decide whether or not you need to take action to protect yourself against flooding.
What Are Some Of The Other Reasons People Choose To Raise Their Home?
Raising a house can reduce flooding risk, but it can provide other benefits as well. If a house is elevated enough, it can provide additional living or storage space. It’s even possible to add an additional floor to your home.
The majority of people that choose to raise homes in New Orleans are doing so to prevent water damage. However, house raising can be beneficial in many ways, and those benefits should be taken into consideration when deciding how to proceed.
Are There Additional Costs That Need To Be Covered?
It’s likely that you’ll want to have your home inspected before the house raising project begins. This could cost anywhere between $1,500 and $5,000 depending on the inspector that you choose to work with. This is a significant sum, and it’s something that should be taken to account when you’re trying to determine whether or not house raising makes financial sense for you.
You may also have to spend more in order to add temporary walkways to your home so that you can access it when the construction process is still ongoing. This could add thousands more onto your bill. In some cases, it may be necessary to stay in a hotel or with family until the process is completed.
If you’re having additional work done on your home during this time, this will also increase your total price. Think about the cost of landscaping, foundation repairs, or working with an architect when determining what this is likely to cost you. You should make sure that you’re looking at all potential expenses when you’re crunching the numbers.
Now that you have a better understanding of house raising in New Orleans costs, you can decide what your next step should be. You should look at all of the costs associated with house raising so that you can see if this is affordable for you. You should take the potential cost of flooding damage into consideration as well.