Getting contractor contracts for being your own general contractor
There are many homeowners who make their own contractor contracts because they want to be general contractors of their building project. This is just fine as long as you know the local contractors and the usual amount they charge for labor.
There are many things to consider when drawing up contracts with contractors. Such things are like cost overruns, payment release schedules, deadline failures, injuries, parking and insurance issues just to name a few.
Some of the important things to know before being your own general contractor are these:
Without a good knowledge of these things, new homeowners acting as general contractors can and probably will get taken advantage of by the subs.
Subcontractors can skim a lot off your equity by overcharging on materials and labor. If you can’t find contractors locally, you can always find reliable subs at Service Magic.
Hey, here’s an excellent site about a couple who did this very thing and it has been working for them.
Home-built4u.com gives some valuable “heads up” advice for people wanting to build a home, but not pay the high price for a general contractor.
I know the owners of this home and have seen every part of the construction process. This is a beautiful home with a full basement and all the extras.
I’m familiar with the struggles they had as being general contractors for their own home. I really have to say that I am proud of them for taking all the steps to see this through from start to finish.
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I just wanted to say that I love your website. My husband and I followed your instructions on building our own home. Most of the work we did ourselves, but not all. We saved $90,000 in labor costs and now have a beautiful home that we own.
--Sue and Les Carrigan, Draper, Utah
I built my own home doing all my own labor. My house costs me around $70,000 for materials. It took me 8 months to build and is about 2,000 square feet. I didn't think I could do it, but your house web site encouraged me. I used all the info you had.
Benny Luis Lopez,
I can't thank you enough for your free information web site about home building. I was looking for Electrical wiring diagrams when I found your site. It was very helpful.
Little Rock, Arkansas
My wife and I lost our home to foreclosure but we kept a plot of land to start over. We are halfway through the construction of our house. Your website gave us hope to start over and build a house with low payments. We are in our late 60's but we find it rewarding to put so much effort into a project that will reward us for years to come.
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