Major renovation projects such as a master bedroom addition or extensive kitchen remodel require the involvement of a general contractor. This major player oversees every phase of the project from start to finish to ensure everything goes smoothly—hiring subcontractors, buying materials, organizing everyone involved, adhering to building code requirements, and more.
Some homeowners elect to act as their own general contractors to save money. And while you can cut overall project costs as much as 25 percent by doing all the work yourself, it's important to have a full understanding of all time and work that's involved in undertaking such a job. You have to have a lot of time to spare, have extensive construction experience under your belt, and be organized and detail-oriented. Tom Silva of This Old House gives you the straight scoop here. And these 10 considerations can also help you make an informed decision.
Think you're up to the task? Here are some considerations to guide you along the way.
Do your homework. Knowledge really is power when it comes to being your own general contractor. Get to know building requirements and procedures. Check out library books on being your own general contractor and even consider taking community college classes on the subject. Buy construction management computer software to stay organized.
Expect the unexpected. You never know when you'll encounter cracked foundation, mold, pests, or another snafu in the midst of a project, which can cause costs to skyrocket. That's why it's important to build a 10–20 percent cushion into your budget at the beginning.
Find experienced subcontractors. General contractors already have loyal subcontractors lined up, so you'll be charged with the task of hiring reliable subcontractors—carpenters, plumbing contractors, electricians, drywall installers, and others—on your own. To find subcontractors, get recommendations from friends and neighbors. Compare bids, carefully examine subcontractors' references, and inquire about past work. If licenses are required in your area, make sure the subcontractors you choose are fully licensed. For more tips on finding reliable subcontractors, read this article.
Get help. If you're set on being your own general contractor, you may still benefit from behind-the-scenes help. A project manager/consulting contractor can take the guesswork out of tracking down subcontractors, because they already have established bases. And they can get building materials at lower prices. Plus, this type of collaboration will cost you less than hiring a general contractor.
Until next time,
The Home Know-it-All
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