If you are one builder or perhaps a fix and flipper, you can undoubtedly thought about if you must search for a general contractor role on the projects. A great benefit in hiring a general contractor is the money that you will save but what is the cost of the money that you save? The general contractor is the individual who will oversee the project. One can manage all of the subcontractors and help get you to the finish line. They are not as skilled at the specific tasks such as plumbing or the electrical but could be more organized and must understand the basics of the whole project.
There are many benefits in acting as a general contractor. In many cities, you can be allowed to act as your own so long as it is a small job or you would hire and manage the licensed subcontractors. The general contractors would like to be paid for the value which they bring to your project so when you choose not to hire one, the savings will go to the bottom line. Paying less would mean more profit.
Moreover, a great thing in acting as your own is the experience that you can get. Being a real estate investor, it is a great idea that you have a basic understanding of what it would take to rehab a house. This could help you with those future projects or this can come handy when you would hire a bad contractor.
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Also, when you don’t have one on the way, then you can be in more control. Getting a general contractor on the job is not really easy. They could have their men working and they may owe the subs some money. However, when you deal directly with the subs, would help in doing the work much easier.
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But, you should know that there are many advantages that you can get when you would hire a general contractor. One is that such professional knows the building code and can also be sure that the work is accomplished according to that code. If you have a good contractor, then you can save some cash on the holding costs because they know how to do the job efficiently.
It is also an excellent way to shift liability. When something is not done in the right manner, you may shift such responsibility to the general contractor to the insurance. They must also manage any warranty issues. Moreover, they could save you some money because usually, they have a fantastic relationship with the subcontractors and have such preferred pricing. Such could be true with the material suppliers too.