Why use a Contractor?
Why use a Contractor?
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 much higher than the 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 which ones to avoid, 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. Most importantly, the contractor takes care of all the little items that always pop up, your peace of mind is valuable!