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Great Ideas for Your Home
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Working with a general contractor to build your home can save you money and time
1) Save money with your subcontractors.
It is almost always less expensive to work with a general contractor
because most subcontractors have two price sheets. Usually, the
owner/builder price sheet is double the costs listed on contractor
price sheets. This is because of long-term bulk purchasing by a
builder. A contractor also knows the best subcontractors to work with,
and most subcontractors prefer working through a general contractor.
They have established relationships and know what to expect from a
builder.
2) Save time with a contractor.
Besides saving money, another factor to consider when exploring
whether to build your own home or to work with a contractor is the
value of your time. In today's busy world, most people don't have time
to work an eight- or 10-hour day and then come home to build a house on
the side. You can make more money doing what you do professionally than
to try to general your own construction.
It also often takes twice as long for a homeowner builder to build a
house than a contractor. Because you will also be spending time on your
own business, family, church and civic responsibilities, you will not
be able to run the construction full-time. Lining up the next crews is
time-consuming.
Time is money. Construction loans often have steep penalties for not
completing construction within a specific time period. The interest is
compounding daily, and you will probably end up spending more on
construction loan interest because the building took longer.
3) Quality construction with a builder.
Along with saving you time and money on building costs and interest,
a contractor also has more experience and knowledge of industry
standards than the average homeowner builder. When you work with a
reputable contractor, you get quality. Builders stay up-to-date on
codes and requirements.
Because building a home is an investment that lasts a lifetime, it
is important to make the right choice when selecting a builder. Too
many people shop for the cheapest way to build a home. Take the time to
shop for a builder and in the long run, it ends up costing you less.
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