Pros and Cons of Opting to Be Your Own General Contractor
Sure, being your own general contractor may help save you money. Yet before you make the choice you should evaluate if you have the business and organizational skills, the time, and the technical knowledge to complete the job properly. Or will you be willing to hire anyone who may be needed to fill in any gaps where your knowledge may be lacking? To help you more clearly decide, here are some of the pros and cons of being your own general contractor.
- If all goes according to plan, you can save as much as 15% to 20% on construction costs.
You will have 100% of the control over you project, this means that you chances of getting precisely what you want are much greater.
- If you hire reliable and experienced subcontractor’s, despite any inexperience on your behalf, the overall job quality will still be good.
- Building your own home will leave you with a certain sense of pride and satisfaction.
- Usually due to cost overruns and unanticipated expenses, real savings will be less than expected.
- More time and energy will have to be invested in the project then you had anticipated.
- Being as you aren’t experienced, you will likely run into issues.
- Due to your lack of experience, the quality of construction could suffer.
- Most of the risk for cost overruns, as well as for construction issues which occurred during a reconstruction job as well as after you move on will be absorbed by you, remember that there will usually be no one left to blame but yourself.
- It may be difficult to obtain a construction loan.
This is the reason we’ve decided to start helping people such as yourself discover a simple way to take hold of your own construction project, our software helps not only the weekend warrior but top notch construction businesses. Contact us today for more information regarding our affordable web tool that can help find subcontractors, hire them, send plans, design your home or project and more.
We used this software as a tester for our bigger projects and we’ve never stopped using it. We are Scheer – general contractors in chatsworth, and we give CWS two thumbs up for their miracle working product. – Dennis Scheer
We’ve been siding in Lakewood, Colorado for many years now, and despite the ease of being able to the job, there was always a house with certain degree angles that made it difficult to finish the job without damaging the side panels, CWS software helped us never have the problem ever again with their in tool calculator and design module. No matter the way the home is built now, we can finish it without any damage to the house. – Zack
We had an update please read about it on our Newsletter.
All of that being said, although it is important to look at the whole picture, it is still quite advantageous to be your own contractor. One of the main benefits will be that you will be able to make sure you get exactly what you want, all the while saving money. Remember that professional contractors are in it to turn a profit, and when you hear that they charge twenty to thirty percent over the costs of materials, well it is not an unusual thing. If you take the job on yourself, obviously that is a percentage you will be saving on.
Just play it smart and do not let the prospect of saving on money blind you. When it comes to being a general contractor, there will be tons to juggle, form looking into permit regulations or any special requirements with the local building department, to completely overseeing the project, from ordering all of the material, having them delivered promptly, subcontracting, and remaining on-budget, it all requires a lot of time and effort.
If you want to be profitable, make sure the your jobs are executed accurately and quickly and avoid call-backs and costly mistakes You goal when it comes to being your own general contractor is to make sure this is done. If you have the skills, the time and are really interested in taking things on yourself, than it can work out to your benefit to be your own general contractor.